Tag: Services

What Is The Future Of Work In The Tradable Sector?

What Is The Future Of Work In The Tradable Sector?

Last week we held a screening of the film American Factory at the Harvard Business School (HBS), attended by film director Steven Bognar and representatives of the production company, Participant Media . The event was part of the school’s Documentary Series, and it was an opportunity to discuss views on the future of work, especially manufacturing work in the heartland of America. NPR says we should all watch it , and now that I have seen it several times, I couldn’t agree more.

The film documents the establishment of a new automotive window glass manufacturing facility by the Chinese company […]

By the numbers: how automation is affecting financial services jobs

By the numbers: how automation is affecting financial services jobs

Andy Haldane, the Bank of England’s chief economist, has regularly hit the headlines for his outspoken opinions on artificial intelligence (AI) and automation. In 2015, Mr Haldane claimed the jobs of up to 15 million people across the country could be replaced by robots in what he called a "third machine age".

Last year, he again emphasised the possibility of a "hollowing out" of the labour market if AI continued to advance and automate roles that require cognitive skills. However, the OECD has downplayed the potential of mass unemployment, arguing that previous studies underestimated how difficult it is to automate […]

Infographic: The Global Decline Of Manufacturing

Infographic: The Global Decline Of Manufacturing

This chart shows the manufacturing value added as a percentage of GDP in selected countries.

Emerging and advanced economies alike are experiencing a decline of their manufacturing sectors, which are becoming less and less important for national incomes. In the 1980s, industrial production made up a quarter or more of national GDPs around the world, but that share has been in ongoing decline. This is according to data from the World Bank and the United Nations.

As the IMF notes, the loss of manufacturing jobs has been a source of anxiety across developed countries, as many fear the disappearance of […]

Automating A Job Reddit

Radio Free Europe/Radio Liberty published this data story about the price of Russian oil across Europe. The uncertain situation is additionally stressful because it’s hard to separate facts about the future of automation’s impact from (science. AI and automation are certain to have a big impact on today’s employment landscape. These are the top 10 best and worst jobs for the future. The more a job can be broken down into a series of routine tasks, the more likely it can be replaced. Gunbot allows you to easily automate professional crypto trading strategies. , where she fed paper into […]

Another Day, Another Dollar, Part III

Another Day, Another Dollar, Part III

Image source: Amazon.com, Inc. December 2019 — Myth Buster

Parts I and II of this series looked at the pervasive nature of sweatshops inside the US and Europe, the world’s wealthiest regions. Part III uncovers a curious and unexpected entrant into the overwork/underpay culture. How about a new twist: a major high tech sweatshop addict? The Myth Buster has previously tackled the fight for delivery leadership between Walmart [ ( WMT )] and Amazon [ ( AMZN )], a battle that rages on. But, Amazon also ranks as a major purveyor of low wages.

Will the Real Amazon […]

Smart Factories and its Viability in India

Smart Factories and its Viability in India

A recent study from Capgemini Research Institute suggests that smart factories hold the potential of contributing at least $1.5 trillion to the global economy over the next four years through benefits such as productivity gains, improvements in quality and market share and customer services.

The research report, published by wire agency IANS further goes on to suggest that smart factories, leveraging digital technology, transformed 30 per cent of factories over the past two years. It said that 33 per cent of the organizations that planned to covert in 2017 have done so now. The report goes on to add […]

Making the brave new world of automation work for society

Making the brave new world of automation work for society

Automation is a powerful force for good, but we must ensure that these technologies work for everyone (via Getty Images) As the chief executive of a business that employs 63,000 people and aims to be a leading provider of automation services in the UK, I am frequently asked what this technology will mean for society.

Often, what people really want to know is if their job is safe — and if theirs is, whose isn’t?

Following a pioneering project in conjunction with Lynda Gratton, professor of management practice at London Business School, and insight consultancy BritainThinks, we will tomorrow launch our […]

Letters to the Editor: Saving jobs in the digital world

Letters to the Editor: Saving jobs in the digital world

Beaven Dhliwayo

It is becoming more apparent that today’s jobs will be replaced by machines.

Many people are wondering if robots can do their jobs at a time the world economy is already facing major employment crisis.In the recent past, the discussion about technology in the future of work has tended to centre on the issues of job creation and destruction and the need for reskilling.Technology is fast evolving, at the same time connecting the digital world with the physical one, resulting in new innovations such as artificial intelligence and self-driving cars.Zimbabwe should not be left behind and should equip […]

Is AI a Job Killer or Job Creator?

Is AI a Job Killer or Job Creator?

AI brings mixed emotions and opinions when referenced in the context of jobs. If you ask the question “Do you think Artificial Intelligence will be a net job killer or net job creator?” to colleagues, friends, or strangers you’re bound to get some very strong opinions on this subject. For sure you will hear an interesting and conflicting set of opinions that range from “AI will destroy all jobs as we know it” to “AI will enable us to work better and do new things we’ve never been able to do”. If you look at various economic and analyst […]

Nearly 9 million British jobs could be lost to AI by 2030

Rise of the robots: Nearly 9 million British jobs could be lost to AI by 2030 with workers in retail, manufacturing and business administration most at risk

Nearly nine million British jobs are at risk from robots, with those working in retail, manufacturing and business support services most at risk, figures reveal.

The rise of Artificial Intelligence is expected to see current jobs wiped out across a wide range of sectors as automation becomes cheaper than humans.In total 8,820,545 posts could be wiped out by 2030, with retail workers at the biggest risk, according to Department for Work and Pensions […]