Artificial intelligence is set to create more than 7m new UK jobs in healthcare, science and education by 2037, more than making up for the jobs lost in manufacturing and other sectors through automation, according to a report.
A report from PricewaterhouseCoopers argued that AI would create slightly more jobs (7.2m) than it displaced (7m) by boosting economic growth. The firm estimated about 20% of jobs would be automated over the next 20 years and no sector would be unaffected.
AI and related technologies such as robotics, drones and driverless vehicles would replace human workers in some areas, but also create […]
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 […]
Beyond the scare bait, the future of work is an issue of critical importance to Australia’s future prosperity and social wellbeing – and education is at its core.
"Rather than robots stealing our jobs, are we just training people to be more like robots – technically proficient but not necessarily socially skilled?”
A successfully integrated school, VET and higher-education system can ensure Australia has a workforce equipped for the vocational and professional challenges of the future. This is a critical policy issue for business and government – and the subject of vexed political debate in Australia.It is true the […]
Nivruti Rai, Country Head, Intel India at Goa IT Day When Nivruti Rai landed in Goa the day before yesterday, she felt ‘free’. The Intel India country head absolutely loves Goa.
“I stepped into the airport, and I felt free and unburdened – the way I was born,” she told the audience at Goa IT Day, held in Panaji earlier today.
During her keynote address, Nivruti quoted veteran American management expert Peter Drucker: “Culture eats strategy for breakfast.” She believes that if you don’t have the right culture – of transparency, freedom of spirit, and collaboration – no matter how fantastic […]
The End of Work: Why Your Passion Can Become Your Job , by John Tamny (Gateway Editions, 256 pp., $28.99)
At just about any gathering today of workforce practitioners—people involved with job-training and placement projects in the public and private sectors—the future of work and the implications of automation will come up. Today’s discussion has taken on new urgency, though, with fears that the latest technology, propelled by artificial intelligence, will destroy more jobs than it creates.
John Tamny’s thoughtful new book, The End of Work , offers a different view. Tamny, director of the Center for Economic Freedom at Freedom […]
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 […]
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 […]
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 […]
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 […]
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 […]