The Why Axis Human Machine Working Hours The rise of AI and automation has implications on productivity, wages, employment, and more as robots start performing more and more jobs once done by humans.
According to a report from the World Economic Forum (WEF), " The Future of Jobs 2018 ," 52 percent of current job tasks will be performed by robots by 2025. The study found that automation could eliminate 75 million jobs by 2022 in sectors such as accounting, assembly plants, customer management centers, and postal services.
But the report also estimates that this "robot revolution" will create a […]
Re-skilling the existing workforce and developing technology skills in students should be made national priority.
A manufacturing line at Dell India’s facility at Sriperumbudur. The ‘Make in India’ vision is grand: Prime Minister Narendra Modi hopes to create 100 million jobs by 2021 and spur the development of middle class that will power the Indian economy in the near future. This ambitious program is designed to turn the subcontinent into a “global manufacturing hub” and increase jobs by providing a fresh impetus to the economy. Running high on this momentum, the government geared the union budget to aid […]
Agriculture will be the hardest hit sector as about 6.6 million labourers will be made redundant by 2028. (Photo: VNA)
Jakarta (VNA) – Some 28 million labourers in ASEAN’s top six economies are likely to become unemployed due to digital transformation and acceleration of the Fourth Industry Revolution.
In the Report “Technology and the Future of ASEAN Jobs”, experts forecast that artificial intelligence (AI) in software, hardware and robotics will change the employment landscape among ASEAN’s six largest economies of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Agriculture will be the hardest hit sector as about 6.6 million labourers […]
According to the report, The Future of Jobs in 2018 (the”Future jobs 2018″) issued by the world economic forum (WEF) in collaboration with the partners of the research — the Eurasian competitiveness Institute and Strategy Partners consulting, the introduction of new technologies will allow to reduce until 2022 75 million jobs, although this will create 133 million new jobs According to the authors of the study, the pace of integration of machines and algorithms in the labour market will increase significantly — from 29 % of all working hours in 2018 to 42 and 52% in 2022 and 2025, […]
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 […]
In the early days of artificial intelligence (AI) and robotics, people didn’t think the technologies could achieve much.
Over time, as the technologies matured and proved their capabilities, workers and executives have been concerned with how these could ‘automate’ tasks and destroy human jobs — and that’s been the focus of numerous studies, irrespective of which industry or country it reviewed. Will autonomous trucking put an end to trucking jobs? However, according to PwC Chief Economist John Hawksworth, just because a job has the technical potential to be automated does not mean it definitely will be.
“There is a variety of […]
As the fourth industrial revolution commences and more and more jobs become replaced by machines, a tube driver from Essex, Daniel Rees, decided it was time to reskill now, in the belief that his own job will soon become obsolete.
An empty train on the Victoria Line platform at King’s Cross station Mr Rees is a 32 year old from near Chelmsford who works as a full-time tube driver at Transport for London (TFL).
But when he’s not train-driving, Mr Rees is currently studying through The Open University (OU) towards a BA (Hons) degree in Law, and one day hopes […]
ROBO Global CIO Bill Studebaker on an MIT study suggesting robots will create more jobs than they destroy.
Robots will create double the amount of jobs that they will destroy, according to the World Economic Forum (WEF), but there will be significant shifts in the structure of America’s workforce that could impact everyone.
A new WEF report, The Future of Jobs 2018, predicts that 75 million jobs will be displaced by artificial intelligence (AI), robotics and automation. But it also suggests that 133 million new jobs may be created as organizations shift the balance between human workers and machines, a net […]
Image: AP The advancement of robotics and artificial intelligence will make 75 million jobs obsolete by the year 2022, according to a new report. Sounds dreadful, but the same report goes on to predict the creation of 133 million new jobs over the same period.
There’s a lot of uncertainty right now about the future of work, and how emerging technologies will change the nature and availability of jobs in the coming years. It’s tempting and wholly reasonable to believe, as so many do , that technological advances, particularly in the areas of robotics and AI, will result in massive […]
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 […]