Where AI Can Turn ‘Buzz’ into ‘Biz’ Today

Where AI Can Turn 'Buzz' into 'Biz' Today

AI can expedite manual processes that exist throughout an enterprise, but the nature of the human insight is necessary to rationally manage these processes and make contextual decisions.

Are you an AI evangelist or an AI fatalist? People seem to have polarized perceptions of this technology, either that AI will answer in all the places humans fall short or that I will render humans useless in their careers. However, the true key to success lies in merging AI’s strengths and the human brain together in ways they can support each other. The key areas where AI can make a real […]

Survey finds Americans less fearful they’ll lose their jobs to automation

Survey finds Americans less fearful they’ll lose their jobs to automation

The Pew Research Center surveyed 10 countries and found people are worried about automation taking over their jobs. The United States was the least concerned with 65 percent certain of the takeover.

It’s not if, but when our jobs will become automated by machines, computers or artificial intelligence.

For the past 50 years, automation has been effecting the job market and technology is creeping into every industry. Rice University automated reasoning expert Dr. Moshe Vardi said since employment peaked around 1980, America has lost seven to eight million manufacturing jobs due to automation. This is why middle America has taken such […]

Number of robots and machines in workplace set to double the jobs it will replace by 2025

Number of robots and machines in workplace set to double the jobs it will replace by 2025

technology Industry 4.0 automation The number of machines and robots in the workplace is set to almost double the amount of jobs that it will replace by 2025, The Guardian reports.

According to a report by the World Economic Forum (WEF), it is anticipated that approximately 133mn jobs worldwide could be created due to rapid technological advances in the workplace within the next 10 years, in comparison to the 75mn that could potentially be replaced.

The report, which is made up from a survey of company executives representing 15mn workers in 20 different nations, does warn of the potential risk […]

‘Machines will rule workplace by 2025’

‘Machines will rule workplace by 2025’

A sign of the World Economic Forum (WEF) is pictured on January 10, 2017 at its headquarters in Cologny near Geneva. | Photo Credit: In less than seven years, by 2025, machines are projected to overtake humans in workplace task hours in 12 key industry sectors, according to a ‘Future of Jobs’ report by the World Economic Forum (WEF).

Globally, almost half of all companies expect automation to cut their full-time workforce in the next four years; however, new jobs will still lead to a net gain in employment opportunities if sufficient reskilling is done. In India, 54% of employees […]

RUTH SUNDERLAND: History tells us automation does not take away human work, but it shifts people from one type of work to another

RUTH SUNDERLAND: History tells us automation does not take away human work, but it shifts people from one type of work to another

We shouldn’t be surprised the TUC is waxing lyrical about how robots and new technology will liberate us all to work less for the same money.

After all, no less an authority than Karl Marx claimed automation would help free the miserable proletariat from their drudgery.

John Maynard Keynes predicted in his 1930 essay, Economic Possibilities For Our Grandchildren, that technology would allow people to work no more than 15 hours a week. ‘Three hours a day is quite enough,’ he opined. Keynes didn’t have any grandchildren, but if he had, it’s highly unlikely they would be basking in hours of […]

Does the rise of AI mean the decline of employment?

Does the rise of AI mean the decline of employment?

The American futurist Ray Kurzweil predicted a “singularity” by 2030: an exponential increase in technologies, robotics and nanotechnology that would see AI overtake human intelligence in a sort of biotechnical convergence of man and machine.

While the singularity may still be far off, the impact of technology on the world of work can hardly be disputed. But is it a good thing?

The jury’s out, says Daron Acemoglu, Professor of Economics at MIT. On one side are the technology optimists who see a bright future immeasurably enhanced by technology. On the other side are those who see AI as a threat […]

Tech to cost SE Asia millions of jobs – WEF

Tech to cost SE Asia millions of jobs – WEF

HANOI: Automation will soon make millions of low-skilled jobs—from cashiers and machine operators to waiters and drivers—redundant across Southeast Asia, experts said on Wednesday, warning the region to upskill fast or face huge employment problems.

The topic was center stage at the World Economic Forum (WEF) in Hanoi, where warnings abounded that countries including Vietnam, Indonesia and Thailand where manufacturing has driven GDP and employed millions would be among the worst affected.

In stark comments, Vietnam’s Prime Minister Nguyen Xuan Phuc told the forum technology could spell doom for the “Asian factory model” of growth that has driven his country for […]

Tech to cost SE Asia millions of jobs, doom ‘factory model,’ warns WEF

Automation will soon make millions of low-skilled jobs – from cashiers and machine operators to waiters and drivers – redundant across Southeast Asia, experts said Wednesday, warning the region to upskill fast or face huge employment problems. The topic was centre stage at the World Economic Forum (WEF) in Hanoi, where warnings abounded that countries including Vietnam, Indonesia and Thailand where manufacturing has driven GDP and employed millions would be among the worst affected. In stark comments, Vietnam’s Prime Minister Nguyen Xuan Phuc told the forum technology could spell doom for the "Asian factory model" of growth that has […]

You Decide: What’s the New Outlook for Jobs?

You Decide: What's the New Outlook for Jobs?

A few years ago, a couple of economists made a big splash by predicting almost half of occupations in the country had a big chance of being replaced by automation and technology in coming decades.

Unemployment rates would soar to double digits and stay there. The economists’ forecast revived fears of “technological unemployment” posing a bigger threat to jobs than any future recession.

How out-of-touch those forecasts now look today. Companies are hungry for workers. Many are hiring unqualified people and then training them. Unemployment rates are reaching historic lows among many groups and in many regions.The job situation and facts […]

Automation to kill Southeast Asian jobs: WEF

Automation to kill Southeast Asian jobs: WEF

Experts at the World Economic Forum have warned that huge employment problems will hit the region if skills do not keep up with technology advances.

A number of experts attending the World Economic Forum (WEF) in Hanoi, Vietnam, have warned that Southeast Asia could face huge employment problems if it does improve its skills fast.

Countries such as Vietnam, Indonesia and Thailand could see millions of low-skilled workers losing their jobs due to the introduction of automation.Vietnam’s Prime Minister Nguyen Xuan Phuc said those Southeast Asian countries that depend heavily on manufacturing for their GDP will be among the worst affected.Nguyen’s […]