I see incredible opportunities for transportation to benefit from rapidly advancing automation, connectivity, and information technologies.
When I think about strong innovations in term of automation, robotics, cognitive computing, and artificial intelligence, they are coming a lot from the Philippines and from India as well.
Sooner or later, the U.S. will face mounting job losses due to advances in automation, artificial intelligence, and robotics.
All in all, I don't think robots and greater automation can bring about a utopian world as I imagined it would as a kid 50 years ago.
The bottom line is that while automation is eliminating many jobs in the economy that were once done by people, there is no sign that the introduction of technologies in recent years is creating an equal number of well-paying jobs to compensate for those losses.
Automation has emerged as a bigger threat to American jobs than globalization or immigration combined.
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.
The last 200 years, we've had an incredible amount of automation. We have tractors that do the work that horses and people used to do on farms. We don't dig ditches by hand anymore. We don't pound tools out of wrought iron. We don't do bookkeeping with books! But this has not, in net, reduced the amount of employment.
Automation has emerged as a bigger threat to American jobs than globalization or immigration combined.
Increasingly, the work we do is enabled more and more by new IT, including automation, robotics, and intelligent platforms.
By 2018, automation is going to be in full swing in the United States and around the world. There are estimates that it could replace 50 percent of our jobs. That is an enormous shift. But even if we go through a phase where we have an unemployment valley from automation, there will be new jobs and new things for us to do.
For the blue-collar worker, the driving force behind change was factory automation using programmable machine tools. For the office worker, it's office automation using computer technology: enterprise-resource-planning systems, groupware, intranets, extranets, expert systems, the Web, and e-commerce.