Global Artificial Intelligence market is poised to grow at a CAGR of above 35 pc during the forecast period 2015 to 2022. Mr. Jayant Joshi, Managing Director, RS India – A Swiss Precision and Assembly Unit. A study report from World Economic Forum says that Robots will handle as much as 52 pc of the work tasks by 2025. Notable is that Robot revolution is popularizing at a fast pace all over the world and India is no exception to it. A US-based HfS Research predicted that India’s IT services industry will lose 6.4 lakh “low- skilled” jobs to […]
Image credit: blueprint.cbre.com An IFR report states that a new record high of 381,000 collaborative robot (cobot) units were shipped globally in 2017, which is a 114 percent growth in the period 2013–2017. In sync with this global trend of the rapidly rising use of robotic process automation (RPA), even the small and medium scale enterprises (MSME) sector in India is witnessing a steadily increasing penetration of robotics.
The layperson thinks of a robot as a mechanical humanoid creature which may or may not be intelligent, but from the perspective of process automation, robotics comprise mechanical non-intelligent arms and bots […]
CC0 Creative Commons As you may have heard, horrifying studies say Las Vegas is one of the most likely places in the solar system for automation to replace oodles and oodles of jobs. Because jobs in hotels and travel and food service are among those most likely to be automated.
For example, a famous study from Oxford researchers a few years ago that said up to half the jobs in Las Vegas could be robotted right out of existence by the early 2030s. Pricewaterhouse Coopers followed up by predicting automation will all but eliminate retail jobs (the second largest occupation […]
This story is part of What Happens Next , our complete guide to understanding the future. Read more predictions about the Future of Aging .
A lot of caregiving policy feels like it was written in the 1950s—because it was.
Our system of caregiving was built for a time when the economy functioned on women’s unpaid labor. In the 1960s, when Medicare was created , just over one third of women participated in the workforce. As most women were full-time homemakers who stayed home to cook, clean, and care for the children and grandparents, the social safety net didn’t need […]
I had the privilege to listen to Dr. Aniceto Orbeta of the Philippine Institute for Development Studies (PIDS), the government think tank, when he made a presentation on Labor and Global Development before the People Management Association of the Philippines.
Now, the FIRe in the title of this column doesn’t refer to firing laborers but rather the shorthand for what Dr. Orbeta in his presentation calls the Fourth Industrial Revolution (FIRe). According to Dr. Orbeta, the First Revolution was about steam, water, and mechanical production equipment, starting about 1784. The Second Revolution was about division of labor, electricity, mass production, […]
To be successful in the age of automation, blue-collar workers need upskilling and training to survive in the market hastily opting for robots over humans With artificial intelligence (AI) and automation displacing several human jobs, many blue-collar workers will require special skills to survive in the future. Unlike white collar workers, blue collar workers spend significant amount of time in physical activities. Whereas, the white-collar worker typically performs work in an office environment and may involve sitting at a computer or desk. To be successful at their jobs in the age of automation, blue-collar workers may also need upskilling […]
Around 5.7 million jobs in SA will be at risk due to automation. As more jobs become automated globally, prospects of unemployment have sparked worldwide debate on whether governments should impose a tax on robots that are taking over human jobs.
This is not a good idea, as it will not counteract the negative effects of automation, said Professor Rasigan Maharajh, nodal head of the Department of Science and Technology and chief director of the National Research Foundation’s Centre of Excellence in Scientometrics and Science, Technology and Innovation Policy. He was speaking at the Global Work Tech Scenarios 2050 conference, […]
The size of the global automation market is forecast to reach $200 billion by 2020. 1 As more industries deploy machines and computers, the labor market is being transformed.
This is one reason why many of us worry that machines will take over our work, leaving us unemployed. But automation has been happening for centuries — more specifically, since the Industrial Revolution. Ever since, some have predicted that automation would cause massive unemployment and make humans obsolete. And today, even the CEOs of tech companies like Facebook 2 and Microsoft 3 make similar claims — adding that, this time, the […]
In previous automation revolutions, we’ve seen people move from one pillar of industry to another. We’ve seen people move from agriculture to manufacturing and from manufacturing to services. Every time this has happened the basic skill-set has increased dramatically. Where do people move to when automation starts making deep inroads into services? More importantly, what kind of skill-sets will people need to be valuable in the future and are those skill-sets even plausible for the majority of people?
A former PM in Australia defined the following pillars to our economy: manufacturing, agriculture, services, education, health, transport and commodities.
Automation has made […]
The chorus of voices claiming that AI won’t destroy jobs is getting louder There seems to be two sides to the ‘robots won’t take jobs’ argument. One side suggests that robots and other automation tools will enable workers to focus more on the aspects of their job that requires more human skills — such as the ability to engage with customers. The other side argues that AI, robotics process automation and robotics will create new jobs. When Carl Benedikt Frey and Michael Osborne, from Oxford University, published their infamous Future of Employment report , they disturbed one very large […]