Digital transformation leads to continuous adaptability
1486452216_DcfNbn_ed-tech.jpg As 2018 comes to a close, it is a good time to contemplate developments in the global learning landscape. In recent years, innovations in Artificial Intelligence, Machine Learning and the Internet of Things have been major drivers in transforming business, work and everyday life. While these transformative technologies revolutionized the job market, the skill set demanded by employers has also experienced a major transformation.
Organizations across every industry are now hungry for candidates who possess a varied skillset replete with the latest digital skills and an enthusiasm for continuously upskilling during the course […]
To be successful in the age of automation, blue-collar workers need upskilling and training to survive in the market hastily opting for robots over humans With artificial intelligence (AI) and automation displacing several human jobs, many blue-collar workers will require special skills to survive in the future. Unlike white collar workers, blue collar workers spend significant amount of time in physical activities. Whereas, the white-collar worker typically performs work in an office environment and may involve sitting at a computer or desk. To be successful at their jobs in the age of automation, blue-collar workers may also need upskilling […]
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 […]
Amid rapid advances in artificial intelligence and machine learning technologies, there’s mounting anxiety about what the rise of AI and automation will mean for millions of workers. As machines display ever-more sophisticated cognitive capabilities, generate new efficiencies and yield billions of dollars in cost savings, are we on the cusp of an AI-triggered jobs wipeout?
Given the AI-related fears voiced by eminent figures — from Stephen Hawking to Elon Musk — it’s not an unreasonable question. Moreover, the public’s relative unfamiliarity with the “black box” of what makes artificial intelligence tick breeds popular fear about the long-term consequences of the […]
This article first appeared in Forum, The Edge Malaysia Weekly, on October 15, 2018 – October 21, 2018.
I want to start by offering a vision for Malaysia’s future: Society’s income distribution will transition from its current triangle shape, which is large at the bottom, into a more equitable diamond structure, anchored in the centre by a strong and stable middle class.
Each of us in the New Malaysia will have to do some hard thinking about how to translate this vision into reality.We must be clear that Pakatan Harapan did not win the last election by fanning racial, religious or […]
Mohammad Rahman. (Purdue University photo/John Underwood) Mohammad Rahman studies how technology is transforming people and businesses
Rahman says AI could exploit our biases rather than help us overcome them
WEST LAFAYETTE, Ind. — As an international student from Bangladesh, Mohammad Rahman graduated with a degree in computer science shortly after the Sept. 11 terrorist attacks.“Because of my name and the fact I was an F-1 international student, it was difficult to find a job,” said Rahman , now an associate professor in the Krannert School of Management at Purdue University and one of the 40 best professors under 40 […]
PureSolution/Shutterstock.com Reskilling is shaping up to be an imperative—and perhaps the imperative—of the next decade. That is because as machines increasingly complement people in the workplace, automation will bring about major shifts in both occupations and skills.
We estimate that if the pace of automation adoption is in the midpoint of our range of scenarios, about 15% of the global workforce, or 400 million workers, will be displaced by 203 0. (That range stretches from almost nobody, if automation adoption is slow, to 800 million, in the event of very rapid automation).
At the same time, as new technologies and the […]
Robotic arms work on the bodyshells of Mini cars as they pass along a section of automated production line at the BMW Mini car production plant in Oxford Credit: Geoff Caddick/AFP A Bank of England economist described British automation as "pretty rubbish" in a speech explaining patterns in the labour market.
Will Abel, who works on the labour markets, housing and consumption team, said the UK’s "below average" use of robotics is leading to a higher proportion of GDP going to the labour force. This measure is also known as the "labour share".
"One reason why we might not have seen […]
Artificial intelligence (AI) could add $13 trillion to worldwide economic output by 2030, equivalent to about 1.2 per cent of additional GDP growth a year, according to a new report. The study by McKinsey Global Institute has predicted that about 70% of companies would implement some form of AI by the end of the next decade, with frontrunners set to reap a large financial benefit.
Early adopters of the technology could double their cashflow, with laggards suffering a 20 per cent decline.
Overall, AI could deliver $13 trillion in additional global economic activity by 2030, putting its contributions to growth on […]
Last week we talked about AI and its inevitable impact on the lifestyles and employment of people in the workforce. You can argue reasonably I think about how much impact AI and automation is going to have. Some think it’s more, some think its less.
Some think that it will be a net gain of zero, with new types of jobs being created to fill the vacuum left by those lost to automation. I’m sure the horse thought the same thing about that new car thing a century ago.
For the sake of argument, however, let’s say the horse is wrong.Let’s […]