Proof Point
McKinsey estimates total of 1.16 billion full-time employees (FTEs) earning $14.6 trillion are considered replaceable by machines
Full-Time Employees and Wages Associated with Automatable Activities
2017 (million FTEs and US$ trillions)
| Note: | Data from McKinsey online analysis of 46 countries |
Proof Point Findings
- Automatable Activities – Jobs or business activities more likely to be replaced by machines
- Replaceable Labor – 1.16 billion FTEs at risk of being replaced by machines, with more than half coming from China (34%) and India (21%)
- Automation Value – $14.6 trillion of wages can potentially be saved through automation, with China, U.S. and Europe benefitting most
- Key Growth Drivers – Include rapid technology advancements, increasing demand for automation, growing company need to optimize processes, intensifying competitive environment, and heightening company focus on innovation, research, and development
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Market Disruption |
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Business Model and Practices Business Model |
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Cross-sector
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Date Last Updated |
August 29, 2017
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