Technology will reduce the 73 million jobs

Technology will reduce the 73 million jobs

According to the report, The Future of Jobs in 2018 (the”Future jobs 2018″) issued by the world economic forum (WEF) in collaboration with the partners of the research — the Eurasian competitiveness Institute and Strategy Partners consulting, the introduction of new technologies will allow to reduce until 2022 75 million jobs, although this will create 133 million new jobs According to the authors of the study, the pace of integration of machines and algorithms in the labour market will increase significantly — from 29 % of all working hours in 2018 to 42 and 52% in 2022 and 2025, […]

Artificial Intelligence will take your job, and that’s no bad thing

Artificial Intelligence will take your job, and that’s no bad thing

Basic and routine tasks will be done by AI and automation in the near future (Source: Getty) Earlier this week, a report from the World Economic Forum predicted that robots, automation and artificial intelligence (AI) will create 58m more jobs than it displaces. Good news, perhaps, but still, it could be your job that gets displaced.

Without doubt, AI will take over the vast majority of process-driven work within the next 15 years.

Though artificial general intelligence – which would be capable of human-level thought – is still a long way off, with experts yet to agree on a realistic deadline […]

To keep ahead of the machines, human workers need better training

To keep ahead of the machines, human workers need better training

1 of 6Visitors watch a robot performing at the China International Industry Fair in Shanghai, Wednesday, Sept. 19, 2018. China’s No. 2 leader appealed Wednesday for support for free trade and promised to improve conditions for foreign companies following tit-for-tat U.S. and Chinese tariff hikes in an escalating battle over Beijing’s technology Photo: Associated Press 2 of 6An Autonomous Container Trailer transports a cargo container to the baggage holding area during a test drive at Changi International Airport in Singapore, on Tuesday, July 17, 2018. The airport, voted the world’s best for the past six years by Skytrax, is […]

The jobs that are set to dissapear in Australia

The jobs that are set to dissapear in Australia

A MAJOR inquiry into the future of work in Australia has revealed the type of job that won’t be around much longer and what skills you will need. AT THE start of the twentieth century, almost a quarter of the Australian population worked in the agricultural sector. Today, that fraction is under 3 per cent.

Australia’s economy is now heavily reliant on the services sector, which represents more than 70 per cent of gross domestic product (GDP) and employs four out of five Australians.

With a changing global economy and massive technology disruption, the future of the Australian workforce and the […]

The jobs AI is creating

The jobs AI is creating

An influx of artificial intelligence is helping address this deficiency – but don’t think robots behind the counter stealing jobs (although ANZ’s own Jamie is pretty cool , even if we do say ourselves). Think simpler – it’s likely, particularly in financial services, AI use will appear largely in the form of things like digital assistants , tools to manage personal finances and automated decisions and offers.

"Jobs will be created which do not exist today as work moves up the value chain.”

Indeed, what goes unreported is the kind of skills workplaces will need when the changes wrought […]

Will an AI Revolution Help or Hurt China’s Labor Market?

Will an AI Revolution Help or Hurt China’s Labor Market?

Is artificial intelligence really poised to devastate China’s labor market? That’s a question on which tech luminary Kai-Fu Lee and consultancy PricewaterhouseCoopers (PwC) seem to disagree.

On Tuesday, the current Sinovation Ventures CEO and former Apple, Microsoft, and Google executive wrote a commentary for Bloomberg Opinion in which he predicted that the developing world — and China and India specifically — would struggle to cope with new technology. But the same day, a PwC report suggested that artificial intelligence could actually create nearly 100 million new jobs in China over the next two decades.

Lee asserts that countries like China have […]

‘There will be massive job disruption’: What the future of work looks like

‘There will be massive job disruption’: What the future of work looks like

worked in the agricultural sector. Today, that fraction is under 3 per cent.

Australia’s economy is now heavily reliant on the services sector, which represents more than 70 per cent of gross domestic product (GDP) and employs four out of five Australians.

With a changing global economy and massive technology disruption, the future of the Australian workforce and the type of jobs that are available will continue to change.“The pace of change is increasing and the countries that manage this change and get out ahead of it will be the real winners,” Queensland Labor Senator Murray Watt told news.com.au.Senator Watt is […]

AI is designed to complement us, not replace us

AI is designed to complement us, not replace us

Artificial Intelligence (AI) is embedding every aspect of technology, with its potential being tapped for significant enhancements across myriad industries.

That’s why it is one of the megatrends that Gartner has identified , with the research touching on the far-reaching effects it could have in a number of its sessions during this week’s Symposium/ITxpo in Cape Town.

While there is genuine excitement across the ICT sector, some are still hesitant of the disruption it will bring forth. More specifically there is concern about the status of jobs, and whether AI will make the vast number of more basic forms of employment […]

Where AI Can Turn ‘Buzz’ into ‘Biz’ Today

Where AI Can Turn 'Buzz' into 'Biz' Today

AI can expedite manual processes that exist throughout an enterprise, but the nature of the human insight is necessary to rationally manage these processes and make contextual decisions.

Are you an AI evangelist or an AI fatalist? People seem to have polarized perceptions of this technology, either that AI will answer in all the places humans fall short or that I will render humans useless in their careers. However, the true key to success lies in merging AI’s strengths and the human brain together in ways they can support each other. The key areas where AI can make a real […]

Progress In Artificial Intelligence Has Opened Doors To Dystopian Threats

Progress In Artificial Intelligence Has Opened Doors To Dystopian Threats

As the field of application for artificial intelligence is growing, so is its threat landscape. Recent improvements in hardware indicate that AI algorithms are now able to surpass human accuracy in several aspects. However, the technological progress also poses unprecedented ethical challenges. Researchers and AI theorists believe that beside a clutch of economic benefits and global opportunities created by AI, the technology also poses global risks, which could surpass nuclear technology as well.

As research progresses in this field, scientific risk analyses suggest that high-potential damages resulting from AI should be taken very seriously — even if the probability of […]