AI will not result in large-scale unemployment, but it will force millions to retrain and switch careers over the next 20 years, according to a report by PwC.
The report found that AI will create around the same number of jobs as it destroys, dismissing previous fears that it would lead to rampant unemployment. However, it also found that there will be “winners” and “losers”, with some industries seeing significant decline in jobs while others will see a rise.
“Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains,” […]
Some wounds cut so deep to the heart of one’s identity as a professional, that they never completely heal. Instead, they fester for years and occasionally reopen by random bits of news. By that measure, Nicholas Carr cut into the heart of IT professionals in his seminal paper, IT Doesn’t Matter , arguing that IT had become commodified to the point that it offered little competitive advantage.
Carr was less overtly confrontational in his subsequent book , where he (or his editors) attempted to assuage professional sensitivities by turning the statement into a question. However his fundamental thesis was unchanged […]
Artificial intelligence will create as many jobs as it displaces by boosting economic growth, says analyst
The arrival of artificial intelligence (AI) will be a win for the UK jobs market as it will create as many jobs as it displaces by boosting economic growth over the next 20 years.
This is the claim in a new report from PwC , which found that although the overall effect on UK jobs is estimated to be broadly neutral, there will be “winners” and “losers” by industry sector.It comes after Oxford University researchers last Autumn warned that 80 percent of jobs in transportation, […]
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 […]
The rapid development of automation and artificial intelligence is dramatically changing industries — and jobs — around the world.
But look back at the last century-plus of economic history, and it quickly becomes clear that such rapid technological change and disruption has long been the rule, not the exception. Categories of jobs once viewed as integral to Western economies have shrunk or essentially disappeared, only to be replaced by new ones.
Though these changes often take place on an international scale, the United States — as the world’s largest economy — has frequently been at the forefront of transformations in the […]
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 […]
As we all know “What is robotics?”, “How are robots useful in human life?”. Robotics is the combination of mechanical, electronics & computer science engineering. In the initial days for many people, the robot is a playing thing that useful for kids to play. After that people thought it is one machine which imitates human and useful for small tasks which human can do repeatedly. Nowadays, people believing robotics may decrease the jobs but, it is wrong. A robot is just a machine under the control of the human. The robots should satisfy the human needs. Without the human […]
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 […]
Today, the Commission has published the 2018 edition of its yearly Employment and Social Developments in Europe (ESDE) review.
This year’s edition confirms the ongoing positive labour market trends as well as an improving social situation. The numbers of people in employment reached new record levels. With almost 238 million people having a job, employment has never been higher in the EU. In 2017 over three and a half million more people were in employment, compared with 2016. However, while the number of hours worked per person employed has grown in recent years, they are still below the 2008 levels. […]