More than a third of U.S. jobs could be at "high risk" of automation by the early 2030s, a percentage that's greater than in Britain, Germany and Japan, according to a report released Friday. The analysis by accounting and consulting firm PwC focused primarily on the economic outlook in Britain, but it included a section on automation in Britain and elsewhere. In the U.S., 38% of jobs could be at risk of automation, compared with 30% in Britain, 35% in Germany and 21% in Japan. The report emphasizes that these estimates are based on the anticipated capabilities of robotics and artificial intelligence by the early 2030s, and that the pace and direction of technological progress are "uncertain." The key issue is not that the U.S. has more jobs in sectors that are universally ripe for automation, the report says; rather, it's that more U.S. jobs in certain sectors are potentially vulnerable than, say, British jobs in the same sectors.

British workers could face difficult competition in the workplace with the rise of robotics and artificial intelligence (AI), according to a new report published Friday from the accounting professional service PwC. The study revealed robotics and AI could affect nearly 30 percent of U.K. jobs by the 2030s, compared to 38 percent in the U.S., 35 percent in Germany and 21 percent in Japan. Jobs most at risk to be replaced by automation in the study included transportation, manufacturing and wholesale and retail, the Independent reported. Social workers, teachers and medical employees were less at risk. The study also estimated that an increase in automation would affect men more than women, especially men with a lower level of education, who PwC said the government should help by training those lesser-skilled workers in the next 10 to 20 years.

Up to 30 per cent of UK jobs are at risk of being taken over by robots and Artificial Intelligence by the early 2030s, a new report warns. The study, published by professional services firm PwC, claims that the likelihood of automation is highest in sectors including transport, manufacturing, wholesale and retail. Education, health and social work are less at risk and-- as a result of that-- male workers are more likely to see their jobs taken over by robots than their female counterparts. Despite the threat, though, PwC says that the rise of automation is actually likely to boost productivity and generate additional jobs elsewhere in the economy in the long run. "Automating more manual and repetitive tasks will eliminate some existing jobs, but could also enable some workers to focus on higher value, more rewarding and creative work, removing the monotony from our day jobs," said John Hawksworth, chief economist at PwC. "By boosting productivity - a key UK weakness over the past decade - and so generating wealth, advances in robotics and AI should also create additional jobs in less automatable parts of the economy as this extra wealth is spent or invested," he added.

More than 10 million UK workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age. A report by the consultancy firm PwC found that 30% of jobs in Britain were potentially under threat from breakthroughs in artificial intelligence (AI). In some sectors half the jobs could go. The report predicted that automation would boost productivity and create fresh job opportunities, but it said action was needed to prevent the widening of inequality that would result from robots increasingly being used for low-skill tasks. PwC said 2.25 million jobs were at high risk in wholesale and retailing – the sector that employs most people in the UK – and 1.2 million were under threat in manufacturing, 1.1 million in administrative and support services and 950,000 in transport and storage.

Ladies and gentlemen, thank you for standing by. Welcome to Accenture's Second Quarter Fiscal 2017 Earnings Conference Call. During today's conference all participants will be in a listen-only mode. Later, we will conduct a question-and-answer session. Instructions will be given at that time. I would now like to turn the conference over to Managing Director, Head of Investor Relations, Angie Park. Thank you, Shannon and thanks everyone for joining us today on our second quarter fiscal 2017 earnings announcement. As Shannon just mentioned, I'm Angie Park, Managing Director, Head of Investor Relations. With me today are Pierre Nanterme, our Chairman and Chief Executive Officer; and David Rowland, our Chief Financial Officer. We hope you've had an opportunity to review the News Release we issued a short time ago. Let me quickly outline the agenda for today's call. Pierre will begin with an overview of our results. David will take you through the financial details, including the income statement and balance sheet for the second quarter. Pierre will then provide a brief update on our market positioning before David provides our business outlook for the third quarter and full fiscal year 2017. We will then take your questions before Pierre provides a wrap up at the end of the call. As a reminder, when we discuss revenues during today's call, we're talking about revenues before reimbursements or net revenues. Some of the matters we'll discuss on the call, including our business outlook are forward-looking and as such, are subject to known and unknown risks and uncertainties, including but not limited to those factors set forth in today's News Release and discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other SEC filings. These risks and uncertainties could cause actual results to differ materially from those expressed on this call.

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London, March 15: Sixty-eight per cent of organisations use artificial intelligence (AI) for IT functions, but 70 per cent believe AIs greatest impact by 2020 will be in marketing, customer service, finance and HR, a new study said on Wednesday. According to global IT consulting firm Tata Consultancy Services (TCS), organisations with the greatest financial improvements from AI investments expect three times as many new AI-related roles by 2020 as compared to companies with smallest improvements. "Given the increasing digital disruption across every industry and the public sector, AI should become a key and integrated component of an organisation's strategy," said K Ananth Krishnan, Chief Technology Officer of TCS, in a statement. Eighty-four per cent of companies see the use of AI as "essential" to competitiveness, with a further 50 per cent seeing the technology as "transformative". Financial investments in AI are set to rise, as seven per cent of companies each earmarked at least $250 million toward AI in 2016 and two per cent already plan to invest more than $1 billion by 2020, likely looking to gain a competitive advantage as early adopters, the findings showed.

LONDON: Sixty-eight per cent of organisations use artificial intelligence (AI) for IT functions, but 70 per cent believe AIs greatest impact by 2020 will be in marketing, customer service, finance and HR, a new study said on Wednesday. According to global IT consulting firm Tata Consultancy Services (TCS), organisations with the greatest financial improvements from AI investments expect three times as many new AI-related roles by 2020 as compared to companies with smallest improvements. "Given the increasing digital disruption across every industry and the public sector, AI should become a key and integrated component of an organisation's strategy," said K Ananth Krishnan, Chief Technology Officer of TCS, in a statement. Eighty-four per cent of companies see the use of AI as "essential" to competitiveness, with a further 50 per cent seeing the technology as "transformative". Financial investments in AI are set to rise, as seven per cent of companies each earmarked at least $250 million toward AI in 2016 and two per cent already plan to invest more than $1 billion by 2020, likely looking to gain a competitive advantage as early adopters, the findings showed.