When the World Economic Forum declared in 2016 that 5-million jobs would be lost to emerging technologies like robotics and artificial intelligence (AI) by 2020, the job-creation potential was lost in the statistics.

This week, Ford Motor Co showed off a team of "cobots" - collaborative robots - at its Fiesta plant in Cologne, Germany, to demonstrate how robots allow engineers to focus on more complex tasks, thus making the humans more productive.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now