LP4 Assignment: OutlineRobotics aided by the advent of machines powered by artificial intelligence has strongly influenced life in the 21st century. The use of algorithms to simplify everyday tasks characterises the modern information economy. Modern-day robotics has had a fundamental impact on not only industrial jobs but also on core human tasks. Modern day robotics has introduced major changes to economic structures, working relationships, job profiles and modern day remuneration models.Modern-day robotics has influenced modern economic structure through creation of new value, business models, organisation of work and downstream services.The trends of adoption of modern-day robotics show a higher rate in developed economies than in developing economies.Modern-day robotics has significantly altered the economic systems by replacing human intelligence with artificial intelligence CITATION Boy181 \l 7177 (Boyd & Holton, 2018).Modern day robotics has a significant impact on the skill sets individuals require to succeed in their careers.Employees will be required to acquire multifaceted skills, many non-formal qualifications, and a fundamental grasp on analytical and technical matters.Employees will need to be more skilled in supporting machines, critically evaluate software and algorithms and navigate the internet and strategic organisation of work CITATION Web20 \l 7177 (Webster