How will advancements in artificial intelligence and automation shape the future of work, and what are the potential implications for employment and job displacement?

How will advancements in artificial intelligence and automation shape the future of work, and what are the potential implications for employment and job displacement?

AI and automation are poised to significantly impact the future of work, bringing both opportunities and challenges:

Job displacement: Automation of tasks: Repetitive, rule-based tasks are prime targets for automation. Jobs in manufacturing, data entry, and logistics could see significant reductions.

Impact on specific sectors: AI could disrupt sectors like transportation (self-driving vehicles) and finance (automated trading). Job creation and transformation: Rise of new roles: AI will create new jobs in areas like AI development, data analysis, and cybersecurity. Human-AI collaboration: Many jobs Related questions What is the future of artificial intelligence in terms of job displacement? What […]

A Glimpse into the Future of Technology and Automation

A Glimpse into the Future of Technology and Automation

A Glimpse into the Future of Technology and Automation

Mamoona Ghaffar

· Follow 5 min read·3 hours ago A Glimpse into the Future of Technology and AutomationPhoto by Nikita Kachanovsky on Unsplash BENEFITS OF READING THIS BLOG Foresight: Gain a strategic advantage by understanding upcoming technological trends and their potential impact on various aspects of life. Innovation Awareness : Stay informed about recent breakthroughs and emerging technologies, fostering a mindset of continuous innovation and adaptability. Professional Empowerment : Equip yourself with insights into the evolving job landscape, understanding the skills and knowledge required for future employment opportunities. Ethical […]

Is AI going to take away jobs?

Is AI going to take away jobs?

Fear-mongering sells much like how popular science highlights the gravitational pull of black holes to draw attention to the topic. If a black hole gets close to the earth, the earth gets sucked into it. Spooky. What they don’t tell you is that there are objects called white dwarfs (remnant cores of dead stars), which are 100 times more common than black holes and can easily do to earth what black holes would do. They are just not as glamorous as black holes. Likewise, there has been a lot of fear-mongering around the development of AI, especially around its […]

Blockchain Technology, robotics & automation transforming the energy industry

Blockchain Technology, robotics & automation transforming the energy industry

Blockchain technology has the potential to revolutionise the energy industry by enabling secure and transparent transactions, improving grid management, and enhancing renewable energy distribution.

The energy industry is currently undergoing a transition from a centralised model to a more decentralised one. Blockchain technology can help facilitate this transition by providing a decentralised ledger that records and verifies all energy transactions in real-time, shared across a network of computers. This technology can also automate energy transactions through smart contracts, making it easier to engage in a transactive energy system.

Blockchain can also help facilitate communication between distributed energy resources like solar panels, […]

World Consumer Day 2024: Fair and Responsible AI for Consumers -The Case for Automation and Engineering

By Sarath Wijesinghe President’s Counsel (LL.M (UCL London)), former Ambassador to UAE and Israel, former Chairman of the Consumer Affairs Authority, President of the Lanka Ambassador’s Forum – United Kingdom, Solicitor in England and Wales

In the era of rapid technological advancement, Artificial Intelligence (AI) has become an important force driving innovation across various sectors. As we celebrate World Consumer Rights Day 2024, the theme “Fair and Responsible AI for Consumers” urges us to reflect on the ethical and societal implications of AI, particularly in automation, such as automated vehicles, and engineering.
AI’s integration into automation and engineering […]

Automation and Employment Over the Technology Life Cycle: Evidence from European Regions

Maastricht University Fabien Petit

University College London Tommaso Ciarli

Maastricht University Maria Savona University of SussexDate Written: 2024 Abstract This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot technologies from 1995 to 2017 in 163 European regions. We first identify major technological breakthroughs during this period for these automation technologies and identify the phases of acceleration and deceleration in investment. We then examine how exposure to these automation technologies affects employment and wages across these different phases of their life cycle. We find that the negligible […]

Automation and Employment over the Technology Life Cycle: Evidence from European Regions

Author

Listed: Fabien Petit

Tommaso Ciarli Maria Savona Registered: Abstract This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot technologies from 1995 to 2017 in 163 European regions. We first identify major technological breakthroughs during this period for these automation technologies and identify the phases of acceleration and deceleration in investment. We then examine how exposure to these automation technologies affects employment and wages across these different phases of their life cycle. We find that the negligible long term impact of automation on employment conceals significant short term positive […]

The Future Of Work: Embracing AI’s Job Creation Potential

The Future Of Work: Embracing AI's Job Creation Potential

Indiana Gregg, CEO of Wedo : an AI-aggregated platform reshaping the landscape for small businesses and independents. getty Today, AI stands poised to drive rapid transformation in the way we work. The trepidation surrounding AI’s impact on employment echoes the fears that have accompanied each technological advance. The invention of the steam engine represents a similar transformation. It reshaped economies, giving birth to new markets and a plethora of job opportunities. Similarly, other technological leaps—from the assembly line to the personal computer—have each, in turn, displaced outdated skill sets, only to create new ones in their stead. Yet, if […]

The Impact of Automation on Jobs

The Impact of Automation on Jobs

Today in 1811, the first Luddite attack in which knitting frames were actually smashed occurred in the Nottinghamshire village of Arnold. Kevin Binfield in Writings of the Luddites : “The grievances consisted, first, of the use of wide stocking frames to produce large amounts of cheap, shoddy stocking material that was cut and sewn rather than completely fashioned and, second, of the employment of ‘colts,’ workers who had not completed the seven-year apprenticeship required by law.”

Back in 1589, William Lee, an English clergyman, invented the first stocking frame knitting machine, which, after many improvements by other inventors, drove the […]

Chinese Food Delivery Robot Drops Off Orders at Travel Vlogger’s Doorstep; Will This Machine Impact Delivery Boy Jobs? Check out

Chinese Food Delivery Robot: China is well known for its cutting-edge innovations and technological breakthroughs. This time, it’s a Chinese hotel’s room service robot that’s going viral online. Travel YouTuber Ken Abroad posted a video online of a robot bringing lunch to his Shanghai hotel room. The event left the YouTuber speechless, and he posted about it on Instagram. Chinese Food Delivery Robot Left Ken Amazed

Ken Abroad was amazed when he saw the robot delivering food to his doorstep. He says, “Okay, so the phone is ringing,” at the beginning of the video. Thus, the robot has […]