Digital automation will create more investment opportunities, says Investcorp – The National
Digital automation will create more investment opportunities, says Investcorp – The National
New white paper says there is still a lot of potential to be realised from digitising and automating routine tasks
Up to 45 per cent of jobs can be automated, with software performing repetitive, rules-based tasks replacing human workers, according to PwC. Bloomberg
Digital process automation - the practice of automating repetitive, rules-based tasks through technology - can not only drive much-needed productivity gains for the global economy, but can also offer valuable investment opportunities, according to Bahrain-based Investcorp.
Although digitising and automating processes have already been proven to deliver growth and cost optimisation benefits, "we have witnessed disparities in adoption levels across industries and geographies“, the alternative investment manager said in a new white paper, with digital potential realisation standing at just 12 per cent in Europe, for example.
"Despite significant digital transformation in recent years, we are still at a relatively early stage of adoption of a whole range of technological advancements that have the potential to impact all sectors across the world, albeit at varying rates,“ said Daniel Lopez-Cruz, managing director and head of European private equity at Investcorp.
Investcorp, in which Abu Dhabi's Mubadala Investment