Robots, Automation and the Innovation Economy

New technologies and innovations are emerging at an unprecedented pace, making it increasingly difficult for people to adjust to one advancement before another becomes integrated into daily life. But what happens when technological change becomes so transformative that it reshapes every aspect of society? This book examines the possible effects of artificial intelligence (AI) and intelligent robots on individuals, organizations, and communities, with particular attention to the future of jobs and workplaces.

The book provides insight into how societies can respond to rapid and unpredictable changes that resemble waves of “black swan” events. It explores five major themes: automation, the growing importance of AI technologies, innovation, the transformation of skills and competencies, and the accelerating speed of change that often exceeds humanity’s ability to adapt.

Its central aim is to explain how AI is likely to transform society and why both individuals and institutions must prepare themselves to withstand what the author describes as “robot shock,” along with its social and economic consequences. The discussion also sheds light on resistance to change and underscores the importance of developing effective strategies to cope with large-scale transformations.

In addition, each of the book’s six chapters includes policy-oriented recommendations presented as propositions for decision-makers. The book concludes by outlining practical strategies to help reduce and overcome the negative impacts of “robot shock.”