Automation: The Art of What Is Possible
The benefits of automation are enormous, from saving time and resources to generating productivity and novel growth opportunities. We break down how automation technology can make a major impact on the future of work.
“Five hundred, twenty five thousand, six hundred minutes
How do you measure, measure a year?
In daylights, in sunsets
In midnights, in cups of coffee
In inches, in miles
In laughter, in strife
In five hundred, twenty five thousand, six hundred minutes
How do you measure a year in a life?”
These few lines from the 1996 musical Rent have been painfully renewed in the minds of businesspeople around the world in two recent economic cataclysms. The first was the Great Recession of 2008 and the second came when COVID-19 forced industries across the board to radically adapt to unprecedented challenges on an unimaginable timeline and scale. Companies that embraced change and survived. Companies that did not withered.
According to a Federal Reserve study of non-traditional indicators of business exit, both events saw significant spikes in commercial real estate vacancy and small business delinquency rates. For the second time in as many…