AI: More than robots in the factory

AI: More than robots in the factory

Fancy a free salary? No strings attached. Technology heavyweights, Elon Musk, Mark Zuckerberg and Richard Branson all back Universal Basic Income (UBI). Graham Smith from Microsoft recruitment partner Curo Talent , explains why these policies aren’t simply the brain fodder of billionaires, but could become a reality due to advances in artificial intelligence.

UBI describes a cash handout, distributed to everyone, irrespective of a citizen’s employment status. The concept has long been supported by socialists, but the inequality of jobs caused by automation could make policies like this a necessity.

Reports by PwC estimate that robots could represent up to 30% […]

AI and Automation Will Replace Most Human Workers Because They Don’t Have to Be Perfect—Just Better Than You

AI and Automation Will Replace Most Human Workers Because They Don't Have to Be Perfect—Just Better Than You

Sawyer the Robot will work for the equivalent of $4 per day. And he’s never in a bad mood. Can you compete with that? Route 9 skims by Boston and cuts clear across Massachusetts to Pittsfield, a city of roughly 50,000, the largest in Berkshire County. Well east of Pittsfield, Route 9 becomes Worcester Road, named for a city that in earlier times was the nation’s largest manufacturer of wire—barbed wire, electrical wire, telephone wire and the wire used in the making of undergarments by the Royal Worcester Corset Co., once the largest employer of women in the United […]

How Singapore enterprises can rise to the digitalisation challenge

How Singapore enterprises can rise to the digitalisation challenge

These days, it is hard to avoid the topic of digitalisation when you read any expert commentary, business book, or newspaper headline. The benefits from technologies such as Internet of Things, Big Data Analytics, Robotic Process Automation, and AI-enabled chatbots are clear: Firms can save costs from automating manual processes, gain deeper, real-time insight into their customers, and rapidly scale their reach to new markets. Yet, many enterprises are still concerned about how they can participate fully in a digital economy.

Small and Medium enterprises (SMEs) are defined in Singapore as organisations with operating receipts of less than SGD 100 […]

Is Automation Really Taking All of Our Jobs Away?

Is Automation Really Taking All of Our Jobs Away?

It’s 2018. Technology is advancing exponentially and, as time goes on, becoming more and more integral to our lives. Machines are increasingly doing more work for us, but job creation has simultaneously been rising. According to the Bureau of Labor Statistics , nonfarm payroll employment increased by 213,000 in June 2018, and job growth occurred across professional and business services, manufacturing, and health care.

How jobs are still being created during technology’s takeover was a topic recently discussed in a TEDx talk with economist David Autor, who breaks down this paradox with two very interesting points:

The O-Ring – What […]

Inside the New Industrial Revolution

Inside the New Industrial Revolution

Each of these earlier revolutions is easy to measure in hindsight—tons of steel produced, number of automobiles on the road, the proportion of homes with a PC. Since we’re just at the start of this latest transformation, we can only try to find clues to the future by looking at the trends of the past decade, with the rise of the smartphone, the Internet of Things and cloud computing. WSJ Tech D.Live

What is tech’s way forward? Follow live updates from the conference as the leaders and luminaries from the worlds of tech, entertainment and media discuss our digital […]

Beware of automation predictions: 3 things we can know for sure

Amid scores of predictions about the impact of automation on jobs and the workforce of the future, Kit Cox shares three things we can be sure of about the future of work during and after the fourth industrial revolution.

The fourth industrial revolution is marching on, bringing new artificial intelligence (AI) and automation technology into our businesses and everyday lives.

With great technological change comes vast investment. Enterprise investment in the intelligent automation market (including artificial intelligence, machine learning and robotic process automation (RPA) software) is expected to reach $232 billion by 2025 – an increase of over 1770 percent in […]

Most Businesses Are Focused on Tech That Enhances Jobs, Not Ends Them

Most Businesses Are Focused on Tech That Enhances Jobs, Not Ends Them

A certain type of story seems to dominate headlines about business technologies. It looks something like this: “ McDonald’s Says Goodbye Cashiers, Hello Kiosks .”

That same story could’ve had a dozen less inflammatory (but no less accurate) headlines: “McDonald’s Embraces Kiosk Technology,” “McDonald’s Turns to Kiosks to Reduce Rising Labor Costs,” or even “McDonald’s Seeks Point-of-Sale Savings With Kiosks.” But because fear gets clicks, stories about technological implementation tend to be framed in oppositional, zero-sum terms: Working Davids locked in a struggle against Goliath technologies.

The truth, though, is the opposite: The World Economic Forum predicts that technology will create […]

AI and the Death of ‘Employment for Life’

AI and the Death of 'Employment for Life'

When AI brings about job losses and changes our careers, remember that we’ve been through this before, time and again.

There’s a fear that stalks artificial intelligence, and it’s spreading faster than any seasonal flu in a school filled with runny-nosed kids. Just mention AI to a small group of your peers and someone is sure to say, "But it’s going to put us out of work."

Yup, it’s going to put some — maybe many — people out of work. We can’t sugar-coat that fact. It stinks to lose a job.However, I want to offer some perspective based on my […]

Robots to make robots at ABB’s new $150 million factory in China

FILE PHOTO: Humanoid robot YuMi conducts the Lucca Philharmonic Orchestra performing a concert alongside Italian tenor Andrea Bocelli (unsee By John Miller

ZURICH (Reuters) – Robots will make robots at a new ABB factory in China, which the Swiss engineering group said on Saturday it plans to build for $150 million in Shanghai as it defends its place as the country’s largest maker of industrial robots.

The factory, located near ABB’s China robotics campus, is due to be operating by the end of 2020 and will produce robots for China as well as for export elsewhere in Asia. China is ABB’s […]

Workplace of the future will still need humans, conference hears

Workplace of the future will still need humans, conference hears

Expert says ‘perceived unstoppable march of robots coming to take our jobs is overstated’

Pictured is JiLL, a robot with inbuilt facial recognition software, who greets visitors at real estate firm JLL’s Sydney office. The likelihood that a super smart robot army will soon be marching on Irish workplaces and stealing the jobs of simple humans was downplayed at a Dublin event focusing on the workplaces of the future.

Addressing a conference organised by the Association of Higher Civil and Public Servants (AHCP), Dr Lisa Wilson of the Nevin Economic Research Institute said the “perceived unstoppable march of robots coming […]