Fraunhofer at the International Manufacturing Technology Show IMTS 2018

Fraunhofer at the International Manufacturing Technology Show IMTS 2018

MUNICH, July 12, 2018 /PRNewswire/ — The future and prosperity of entire countries depend on the production of goods, just as many jobs in the USA and worldwide. The future of digitalized manufacturing and Industrie 4.0 rests entirely upon the ability to pool expertise and resources. Fraunhofer’s interdisciplinary systems expertise sparks the new ideas that meet the challenges of a changing world and helps create customized solutions right along the value chain. Visitors to the joint Fraunhofer booth on this year’s International Manufacturing Technology Show IMTS in Chicago can experience how a vibrant mix of new technology in the […]

Contrary to popular wisdom, automation is not a job killer in U.S. manufacturing

Contrary to popular wisdom, automation is not a job killer in U.S. manufacturing

Most economists oppose President Trump’s trade policies. As I recently argued on this page , it’s not just that he won’t help those hurt by trade. Now, with his sweeping tariffs and escalating trade war, he’s going to hurt those helped by it.

But just because he’s got the solution wrong doesn’t mean there isn’t a problem. Under the assumption that the political pendulum will eventually swing back and very different policymakers will be in charge, what is the policy set that would both tap the benefits of globalization and ameliorate its downside?

One key plank in that platform should be […]

Explained: How skilling can offset automation threat

Explained: How skilling can offset automation threat

To address labour market challenges, economists have mooted solutions such as skilling and training, taxation policies, social safety nets. Sitakanta Panda

AI, robotics and Big Data are the facets of the digital revolution in which automation is the central theme. There are many aspects to the phenomenon, which most people perceive as a problem. When seen as a problem, there are many aspects to it too. For instance, on social media platforms like Twitter, “bots” are used to inflate the numbers of followers of celebrities or politicians, and also for trolling. Automation and digital revolution has led to anxiety […]

India Must Re-Skill Workforce To Keep Up With AI, Says Kris Gopalakrishnan

India Must Re-Skill Workforce To Keep Up With AI, Says Kris Gopalakrishnan

Infosys co-founder Kris Gopalakrishnan this week reiterated what most tech giants have been saying all along — that artificial intelligence is not a direct threat to human jobs, but reskilling employees is crucial to advancement.

“India has a major challenge of transitioning its young workforce to the fourth industrial revolution called AI after the eras of agriculture, manufacturing and services… As the large workforce is engaged in diverse occupations such as agriculture, manufacturing and white-collar jobs in the services sector, it needs to be re-skilled to sustain the jobs, as AI will replace traditional jobs,” said Gopalakrishnan in an interview […]

Is Artificial Intelligence a threat to your Job?

Is Artificial Intelligence a threat to your Job?

New technologies bring innovations, in business, and change the course of the work being done. But does a technical revolution bring shift in employment patterns too?

The Industrial Revolution which began in the 18th century was a transition to new manufacturing processes characterised by new inventions. The industrial revolution effectively increased the output levels and also saw improved systems of transportation, communication and banking. But the Industrial Revolution also took some key sacrifices, the change destroyed traditional jobs, but it also created new ones. The technology of the Industrial Revolution helped in discoveries of the modern industrial marvels and gave […]

The Impact of Technology on East Asian Economic Prospects

The Impact of Technology on East Asian Economic Prospects

Technology As ASEAN+3 economies pursue growth and resilience a decade after the onset of the global financial crisis, one question looms large: Is technology a boon or bane for these states?

The most advanced economies, such as Japan, Korea, and Singapore, are better-positioned than the rest of the region to face the challenges posed by technology. However, the impact of technology on growth and employment does not materialize in isolation. Rather, it manifests itself in interactions with ongoing changes in the nature of cross-border production and trade and shifts in demographics.

The technology-related challenges that emerge for economies across the region […]

Advancements in technology today reminiscent of 1960s sci-fi films’ vision of the future

Advancements in technology today reminiscent of 1960s sci-fi films’ vision of the future

THE 1960s vision of the future had us all living on lunar plantations and flying to work in spaceships.

Productions like 2001: A Space Odyssey and even the Jetsons displayed the nerdy fascination with the yet-to-come that was so prevalent at the time. 10 Film still from Stanley Kubrick’s Space Odyssey: 2001 Most of it was escapism, and by and large people preferred to focus on getting by day to day and to let the future take care of itself.

But it wasn’t all about space and aliens. Sci-fi writers including Isaac Asimov and Arthur C Clarke dreamed up fantastical worlds […]

Protect Long Island’s economy in the age of automation

Protect Long Island’s economy in the age of automation

Change is coming — soon.

But will Long Island be ready?

Over the next decade or two, the region’s employment picture will undergo a significant transformation. Some jobs will disappear. Others will require very different skill sets. And there will be positions and industries that are only toddling now or are yet to be imagined.The Island has seen seismic shifts in its business landscape before. Too often, the region plays catch-up, confronting the fallout of a disappearing sector, like aerospace and defense, as it’s fading, or courting an industry, like biotech, years after it has sunk roots elsewhere.This time, Long Island […]

Robots to make life grim for the working class

Robots to make life grim for the working class

Economists warn that routine tasks like assembly-line manufacturing or traditional office work are increasingly automated.

Marc Andreessen, venture capitalist and one of the pioneers of the world wide web, once declared:

The spread of computers and the internet will put jobs in two categories. People who tell computers what to do, and people who are told by computers what to do.Andreessen has since repudiated this declaration, and taken a more optimistic stance. But economists, a more pessimistic bunch, are taking the possibility of this sort of bifurcated future more seriously. As machine-learning technology enjoys rapid progress, more top researchers are […]

Robots Portend Grim Future for Working Class: Viewpoint

Robots Portend Grim Future for Working Class: Viewpoint

Email This Marc Andreessen, venture capitalist and one of the pioneers of the world wide web, once declared:

“The spread of computers and the internet will put jobs in two categories. People who tell computers what to do, and people who are told by computers what to do.”

Andreessen has since repudiated this declaration, and taken a more optimistic stance. But economists, a more pessimistic bunch, are taking the possibility of this sort of bifurcated future more seriously. As machine-learning technology enjoys rapid progress, more top researchers are investigating the question of what work will look like in a […]