RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

Robotic Arm production lines modern industrial technology. Automated production cell. After 15 years of being in the industry and curating some of the best products in robotic automation space, when this California-based RPA company raised $250 million in a fundraising round, it gained major traction for all the right reasons. This was the first ever funding that the company has raised in 15 years and secondly, it set total valuation of the company at a whopping $1.8 billion! What Is Automation Anywhere?

Providing a platform to organisations to build world-class intelligent digital workforces, Automation Anywhere’s enterprise-grade platform uses software […]

Employment and Social Developments in Europe: 2018 review confirms positive trends but highlights challenges, in particular linked to automation and digitalisation

Today, the Commission has published the 2018 edition of its yearly Employment and Social Developments in Europe (ESDE) review.

This year’s edition confirms the ongoing positive labour market trends as well as an improving social situation. The numbers of people in employment reached new record levels. With almost 238 million people having a job, employment has never been higher in the EU. In 2017 over three and a half million more people were in employment, compared with 2016. However, while the number of hours worked per person employed has grown in recent years, they are still below the 2008 levels. […]

The Employment and Social Developments in Europe review 2018

The Employment and Social Developments in Europe review 2018

The European Commission has published its yearly Employment and Social Developments in Europe review, highlighting positive trends among the labour market and challenges in automation and digitalisation.

In this year’s edition of the Employment and Social Developments in Europe review (ESDE) it reveals ongoing positive labour market trends, as well as an improvement over the social element. How was the overall rate of employment in 2017?

As reported on the Commission’s website , in 2017 there were over three and a half million more people in employment compared with 2016. Alongside this, it was found in the report that […]

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 […]

Machines might take jobs–they can also help train us for new ones

Machines might take jobs–they can also help train us for new ones

Nearly half of all jobs that exist today could become automated over the next several years. Even workers in roles that robots will not be able to master will likely see their jobs change as smart technology firmly integrates into the workplace. Nobody can predict exactly how intelligent machines will change the world of work for humans–or how people’s jobs will evolve based on the introduction of automated counterparts. Many questions remain, but one thing is clear: the future of work will be different–and workforces will need to learn different skills to embrace a shared future with technology.

Meanwhile, there’s […]

Automation: Benefits and Employment

Automation is a force beyond our comprehension and will have a global impact like nothing else we have ever seen. This is not to say that it is altogether a new idea. Decades ago, science minded dreamers from around the globe would paint philosophical dreamscapes that portrayed a world built on the backs of human ingenuity.

Starting in the early 20th century, automation introduced itself to the world in the form of massive materials factories that could speed up the productivity of workers and create form perfect products for mass consumption. These behemoths of the old world have become standard […]

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 […]

Automation, AI and the future of jobs

Automation, AI and the future of jobs

Will automation, AI and robotics mean a jobless future, or will their productivity free us to innovate and explore? Is the impact of new technologies to be feared, or a chance to rethink the structure of our working lives and ensure a fairer future for all? On googling ‘will a robot take my job?’ I find myself on a BBC webpage that invites me to discover the likelihood that my work will be automated in the next 20 years. I type in ‘editor’. “It’s quite unlikely, eight per cent” comes back. Quite reassuring – but, coming from a farming […]