Tag: software

Bill Gates Anticipates AI Revolution’s Impact on Labor Market and Employment

The advance of AI technologies is reshaping the labor market, leading to significant reductions in human workforces globally. In emerging economies, certain call centers have astonishingly dismissed up to 90% of their staff as automation takes hold. Studies concerning the future of jobs predict a challenging transition period for workers as society shifts towards widespread automation.

While some view the rise of AI primarily as a marketing strategy designed to weather a potential “AI winter,” others, like Bill Gates, recognize the profound changes AI could bring. Gates, who has substantial investments in artificial intelligence, opined in a discussion on Sam […]

Do you really need AI for your business?

Do you really need AI for your business?

Here are some ways you can use AI to increase efficiency and productivity in your company

EBL On-Demand KN Piers Linney How can SMEs effectively implement AI in their business? What are the steps to choosing the right AI solution for your company? The first day of the Elite Business Live 2024 saw hundreds of attendees in the audience as former Dragon Den Piers Linney took to the stage for the Digital Transformation keynote. Piers Linney, a serial entrepreneur and co-founder of Implement AI, spoke about the advantages of using artificial intelligence in your business – and why AI […]

New Era of Workforce Transformation: AI’s Impact on Jobs

New Era of Workforce Transformation: AI’s Impact on Jobs

As the wheel of technological progress continues to turn, we find ourselves on the cusp of a new transformative period. Goldman Sachs, a notable U.S. investment bank, released a study in 2023 predicting a seismic shift due to advancements in “generative” artificial intelligence (AI). It suggests that this new tech wave might not only improve global productivity but also disrupt the job market significantly. An estimated 300 million jobs across the United States and Eurozone could be affected by automation.

From the origins of the Industrial Revolution, productivity has hinged on breaking down complex tasks into simpler, more efficient processes. […]

How Automation Influences the Future of Work

How Automation Influences the Future of Work

The integration of artificial intelligence (AI) into the workplace is no longer a matter of future speculation—it’s an evolving reality reshaping industries and job roles. Katharina Grienberger, a labor market researcher, probes the extent to which various professions could technically be substituted by machines, offering fresh insights into future trends.

Professions across the spectrum, from editorial roles to specialized technical jobs, are experiencing the impact of tools like ChatGPT . These innovative AI applications do not only enhance productivity but also provoke questions about the future of human employment in certain sectors. According to the data, the rise of AI […]

Deep Dive: China shifts to automation, industrial robots to address shrinking workforce and stay competitive

Deep Dive: China shifts to automation, industrial robots to address shrinking workforce and stay competitive

New report revealed that China has more than 12 times the number of robots in its workforce than expected, but still relies on foreign parts for the machines

China hopes to offset labour shortfalls, demographic decline with smart manufacturing and advanced technology

Sue Ng Sue joined the Post in 2021. She graduated from the University of Hong Kong with a double major in journalism and counselling.Comment Latest Articles Listening Better English 5-minute listening: All about the secret agents of the Michelin Guide 21 mins ago English exercises Better English Study Buddy (Challenger): How ballet is countering the anorexic stereotype […]

The ethical implications of AI in business: Balancing automation and human values

The ethical implications of AI in business: Balancing automation and human values

Artificial Intelligence (AI) is now a big part of how businesses work, changing industries and making things more efficient. As AI gets better, businesses are using automation more to make things smoother, spend less money, and make better decisions. According to the news report , the global AI market is projected to reach $1,811.8 billion by 2030, growing at a compound annual rate of 37.3% from 2023 to 2030. However, this digital transformation begets ethical considerations. The deployment of AI in business operations raises significant ethical queries encompassing privacy concerns, algorithmic biases, and potential repercussions on employment. Striking the […]

The Intersection of Artificial Intelligence, Automation, and Human Contribution

The Intersection of Artificial Intelligence, Automation, and Human Contribution

The future of work is being reshaped by advancements in artificial intelligence (AI) and automation, transforming industries and job roles. While AI and automation offer efficiency and new opportunities, they also present challenges regarding the human role in a rapidly evolving job market. This article explores how these technologies are changing the workforce, the importance of human skills in the new landscape, and strategies for adapting to the future of work.

In an era where artificial intelligence (AI) and automation are no longer just buzzwords but realities reshaping our daily lives, the future of work stands at the brink […]

AI gives, even as it takes away jobs

AI gives, even as it takes away jobs

Image by Google Gemini Image creator, based on a prompt by Gadget. A year ago, as the hype around generative artificial intelligence (AI) was reaching a crescendo, investment bank Goldman Sachs predicted it would replace 300-million existing jobs. That was well up from the World Economic Forum’s “The Future of Jobs Report 2020,” which had said AI would replace 85-million jobs within five years. However, it tempered this forecast with the expectation of 97-million new jobs.

Clearly, such predictions are a thumb-suck, and have rightfully been derided. So, by the time the WEF produced the 2024 version, it had come […]

Automated Converting Equipment

Automated Converting Equipment

The newest equipment utilizes technology to meet the quality demands and fast turnaround times of today’s brands.

The term “game-changing” has been casually thrown around for many years, especially regarding new label and package printing product launches. In theory, every product has the potential to positively impact a label printing business, making the phrase overused. However, the advent of automated converting equipment really does fit the bill. Why? Because many of today’s converters don’t have the workforce to tackle the work flowing into print shops.

Converters that L&NW talks to cite automation as one of the industry’s hottest trends – mainly […]

Rise of Artificial Intelligence: The Threat of Jobless Future or Better Job Opportunities Through Reskilling and Upskilling

“Success in creating AI would be the biggest event in human history. Unfortunately, it might also be the last, unless we learn how to avoid the risks.”

—Stephen Hawkins

Artificial Intelligence (AI) is the computer science that emphasizes the creation of intelligent machines that work and react like humans. It uses computers to mimic human cognitive processes for decision-making. AI is designed to perform various activities which include speech recognition, learning, planning, problem solving.The rise of Artificial Intelligence (AI) is a double-edged sword when it comes to jobs. There are valid concerns about some positions being automated, […]