Invest in automation

With automation comes opportunities to optimize your portfolio with these three stocks

Vikram Barhat 11 December, 2019 | 1:36AM

Robot

While the world may not be in imminent danger of coming under attack from Terminator-like autonomous killer robots with cataclysmic consequences for the human race, the rise of automation is an undeniable reality and compelling investment opportunity. 

The use of robots in U.S. workplaces has more than doubled since the financial crisis, according to a recent report from The Century Foundation. Automation has been spreading relentlessly across industries and to myriad facets of modern existence. So much so that recent data from McKinsey & Company predict as many as 800 million global jobs could become automated by 2030. These findings are consistent with OECD projections that claim automation could destroy nearly half of jobs over the next couple of decades.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Honeywell International Inc169.20 USD-3.61
Rockwell Automation Inc236.29 USD-2.80
Siemens AG DR4,200.00 ARS0.00

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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