BTerrell Group Blog

Robotics & Automation: New study: 42 per cent of US managers think automation will kill jobs

Posted by Brian Terrell on Fri, Mar 09, 2018

Nearly half (42 percent) of U.S. managers say that automation and robotics will lead to a net loss of jobs in their respective industries, compared with just 18 percent who say that automation will help to create jobs, according to a new study from MindEdge Learning.

Managers at companies that have already adopted robotics and automation, a clear majority (52 percent) expect that automation will lead to job losses.

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Tags: RPA_All

DZone: The Impact of Robotic Process Automation on the Automotive Industry

Posted by Brian Terrell on Fri, Mar 09, 2018

The automotive industry has known exponential growth ever since its beginnings in the late 19th century. While in 1895 there were only four cars officially registered in the US, nine years later, in 1904, there were 121 US firms assembling and producing around 22,000 automobiles — and that was just the start. Only a few years later, in 1908, Ford's Model T was the first automobile to be mass-produced on moving assembly lines with all parts completely interchangeable.

The advent of robotic process automation (RPA) was a key milestone for the development of the automotive industry. Automation refers to the use of machines to perform tasks that had previously been undertaken by humans, which reduces the error rate and enhances the management of repeatable tasks.

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Tags: RPA_All

Your Five-Step Program to Revenue Recognition Compliance

Posted by Brian Terrell on Fri, Mar 02, 2018

I’ve been writing a lot lately about the new revenue recognition standards (created by ASC 606 and IFRS 15) companies will soon need to adopt toGAAP_image.jpg ensure compliance. Granted, it’s a complex and somewhat dry topic, but it’s one poised to have a tremendous impact on public and private companies alike. Since most of us aren’t accountants (full disclosure – I am, but not practicing), I thought it could be helpful to boil down the changes to the five core steps to compliance.

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Tags: RPA_Lead_Story

Entrepreneur: Automation Is Expected to Create Jobs but Only You Can Make Sure You Get One

Posted by Brian Terrell on Fri, Mar 02, 2018

As workers, we have many job-related rights. What we don’t have is the right of continued employment. Whether that should change is another topic. But what we do have is the desire to better ourselves and be forward thinking.

It doesn’t take much forward thinking to realize that today’s jobs are becoming automated. Robots? Check. Artificial intelligence combined with Internet of Things devices? Check. They are coming and in ways we never thought possible 10 years ago. Who would have thought we’d be talking to chat boxes for customer service, for example?

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Tags: RPA_All

ITProPortal: How outsourcing companies are using Robotic Process Automation

Posted by Brian Terrell on Fri, Mar 02, 2018

Both large enterprises and small-scale companies have numerous rule-based tasks set for daily completion. Outsourcing is the most strategic solution for augmenting in-house staff as they shift focus to core objectives that result in high-quality products and a satisfactory user experience.   

Robotic Process Automation (RPA) is moving to the forefront as an innovative solution for automating work processes without eliminating the value of human collaboration. People must train these machines for optimal performance. As the robotic systems learn the necessary tasks, they will work alongside humans as assistants.  

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Tags: RPA_All