Global Artificial Intelligence market is poised to grow at a CAGR of above 35 pc during the forecast period 2015 to 2022. Mr. Jayant Joshi, Managing Director, RS India – A Swiss Precision and Assembly Unit. A study report from World Economic Forum says that Robots will handle as much as 52 pc of the work tasks by 2025. Notable is that Robot revolution is popularizing at a fast pace all over the world and India is no exception to it. A US-based HfS Research predicted that India’s IT services industry will lose 6.4 lakh “low- skilled” jobs to […]
In 1912, the first Horn & Hardart automat opened in New York City.
A combination of high-tech ingenuity and frugal convenience, the automat was a restaurant that cut out costly servers. Patrons fed coins into streamlined sets of vending machines to get main courses, side dishes and desserts among hundreds of choices.
The concept actually originated in Germany in 1895. Joseph Horn and Frank Hardart licensed it for the United States, opening first in Philadelphia. But it became a Big Apple icon, a backdrop for many movies. As one appreciation described it , “Dining was communal and cafeteria-style, to the extent […]
Chris Barber Every successful business leader knows that having the right employees on staff, performing the right jobs, is essential to a profitable business. However; not all successful business leaders know that the right person for the job might end up not being a person at all…
Incorporating robotics systems powered by artificial intelligence (AI) into workforces has been a game-changer for many manufacturing companies. Similarly, the supply chain and logistics businesses that adopt these technologies not only find that their warehouses and distribution or fulfillment centers are more productive, but they are more adaptable to business changes and they […]
This is a special report from Tamebay’s expert Doctor Who correspondent Dan Wilson.
Even the TV show Doctor Who is getting in on the action on commenting on online shopping, specifically Amazon, with its recent dystopian episode called Kerblam!. It is a humorous, but insightful, examination of ecommerce and consumer culture. But most tantalising is how it looks at the fulfilment process.
The Doctor is delighted when a delivery arrives in the Tardis. It arrives courtesy of a teleporting robot and it comes in a suitably branded box. The consignment is a fez and she cannot quite recall when she […]
The East Peoria manufacturing facility of Caterpillar Inc. makes the D10, a trendsetting track-type dozer. | Fred Zwicky/Peoria Journal Star via AP Lucina Miguel has a job unlike any other performed by Illinois’ 571,800 other factory workers. She glues strips of a map of the Earth onto large plastic spheres for Replogle Globes , one of 13,000 manufacturing companies in the state.
That task once fell to founder Luther Replogle, who started making and selling handcrafted spherical creations out of his Chicago apartment in 1930. Success followed over the next several decades and Replogle eventually became one of the largest […]
For the last two holiday seasons, I have bought nothing from a store. It’s all click, ship and wrap for me. We’ve all read the articles about the “death of retail” and closing of traditional retailers nationwide. As the holiday season gets underway, it’s important to recognize that the loss of retail jobs doesn’t mean retail employment is gone forever, but merely shifting.
With Deloitte forecasting a 17 percent to 22 percent increase in e-commerce sales in 2018, more consumers shopping online translates to more job growth in transportation and warehousing. From 2015 to 2016, employment in these industries increased […]
When his daughter was born, Paulo Aguilar, a Chilean entrepreneur, wanted to find a new way of working — one that would allow him to stay at home and see her grow up.
His solution was to log on to Mercado Libre, Latin America’s answer to eBay, to find out what people wanted to buy. Soon he started his own company, Comercial Limax, selling pet accessories from his study, where his daughter could visit whenever she pleased. Five years on, the company is doing well, with a warehouse and a team of eight.
Mr Aguilar is one of many adjusting to […]
Industrial Automation Technologies that automate labour tasks do not necessarily increase unemployment. Despite widespread concerns that Artificial Intelligence (AI) will displace workers en masse , there are periods of history where productivity-enhancing technologies have actually increased employment in the affected industries. This runs counter to the simplistic notion that ‘automation causes job losses’ in the industries experiencing automation.
So, why does automation lead to employment growth in some industries at particular times, while leading to job losses at other times and in other industries?
James Bessen , an Economist from Boston University, argues that it has to do with how […]
General Motors Co.’s announcement Monday signals a new era in American manufacturing — one that will be painful in the Midwest, and in Southeast Michigan in particular.
The American car is dead and GM, like Ford Motor Co., is betting its future on electric and autonomous vehicles. The consequences will be far-reaching even if the bets work out for the automakers.
On a conference call with reporters Monday, GM CEO Mary Barra said the automaker will continue to invest in the trucks and sport utility vehicles and crossovers that dominate the U.S. market but it has "the opportunity to take down […]
Episode 7 of the first season with Jodie Whittaker as the Doctor is called “Kerblam!” We learn why very early in the episode, as the Doctor receives a teleport delivery via robot. Kerblam, we are told, is the biggest retailer in the galaxy. The Doctor had apparently ordered a fez some time ago and forgotten about it. If that were true and there were no other factors, we would think that the company was very late in delivery. But on the one hand, this might have been the Doctor passing through the earlier time period in which the order […]