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 […]
Getty Getty The way work gets done is changing drastically. While many companies use outsourcing, temporary workers and agency partners to extend in-house capabilities and ramp up support during high-demand times, the majority of business operations continue to be handled by a core group of full- and part-time permanent workers. While this may have sufficed in the past, HR and business leaders need to rethink and redesign their legacy employment models to ensure business sustainability.
What should the workforce of the future look like? Unlike today’s model, it will be made up of three distinct types of “workers”: traditional (full- […]
Work that uses basic digital skills is more likely to disappear than jobs that rely on decision-making, judgment and the ability to create digital content
The question of how we can best deal with the swiftly changing face of the workforce is a challenge for policy-makers, chief executives, educators — and, of course, workers. You only have to go into a supermarket and see that the cashier has been replaced by a self-service checkout machine to be reminded of the scale and scope of change. It’s no wonder that people feel nervous about their job prospects.
There is also great […]
Chris Barber Every successful business leader knows that having the right employees on staff, performing the right jobs, is essential to a profitable business. However; not all successful business leaders know that the right person for the job might end up not being a person at all…
Incorporating robotics systems powered by artificial intelligence (AI) into workforces has been a game-changer for many manufacturing companies. Similarly, the supply chain and logistics businesses that adopt these technologies not only find that their warehouses and distribution or fulfillment centers are more productive, but they are more adaptable to business changes and they […]
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 […]
The Hexagon organization is centered on precision measuring technologies like CMM and CPS and adding CAE software capability is an effort to emphasize endtoend solutions for vertical manufacturing supply chains The Hexagon organization is centered on precision measuring technologies, like CMM and CPS, and adding CAE software capability is an effort to emphasize “end-to-end solutions” for vertical manufacturing supply chains.
Is automation the job-killer that it’s been made out to be in the past Maybe not, according to a recent L.E.K. Consulting manufacturing survey.
Automation is motivating the decision-makers we surveyed across seven manufacturing industries to actively invest in their workforce, […]
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 […]
The research, conducted by Nature on behalf of SEEK, found that less than half of Australians view automation and artificial intelligence (AI) as being “probably a good thing” (48 per cent and 46 per cent, respectively).
Of those that do, the main benefits were identified as increased efficiencies (47 per cent), less repetitiveness (46 per cent) and freeing up people’s time (35 per cent).
Surprisingly, it was not just younger adults who are more receptive to these technologies and more positive about their impacts: Baby Boomers (those aged 55 to 64 years), combined with Generation Z (those aged 18 to 24) […]
‘Sometimes a useful role in public debate is to throw something deliberately provocative into the pond!’ Adair Turner is being provocative again. Almost a decade ago now he scandalised bankers and traders (although not the general public) when he declared the work of financiers to be “socially useless”.
A few years ago he made himself almost equally unpopular in central banking circles by suggesting they should consider monetising debt to rebalance their economies. Between Debt and the Devil by Adair Turner, book review
And now Baron Turner of Ecchinswell’s latest thesis is that politicians, everyone from the Chancellor Philip […]
Pexels Pexels Artificial intelligence’s takeover is not an impending possibility — it’s here. We use GPS without a thought, accept guidance from customer service bots, and our interests quickly turn into smartphone recommendations. From these experiences, I can’t help but connect the dots to the impact they will have on the passion I hold professionally dear: leadership.
These observations are just a subset of the impact of automation on leadership, and thus, this article will likely be the first of several that I will occasionally publish to share my reflections.
Real-Time Data On the surface, this is an already ubiquitous […]