Author: automata

Study: Huge job boost from turning to machines

Study: Huge job boost from turning to machines

Switzerland can expect 270,000 new jobs created through the first quarter of this century due to workplace automation transforming the economy, a leading consulting firm said on Thursday.

The report from Deloitte concludes that the phenomenon of automation is having a “positive impact on the Swiss labour market” by creating many more jobs than are being replaced by machines. The engine behind that, it says, would be lower prices for goods and higher wages.

“Overall, increasing automation brings considerable advantages for the Swiss economy as a whole as well as for companies,” Deloitte said in a statement . “It also […]

Technology is not here to take our jobs

Technology is not here to take our jobs

Illustration: Jayachandran/Mint Jack Ma knows a thing or two about technological innovation and disruption. The founder and executive chairman of Alibaba Group has built it into the world’s fifth-largest Internet company by revenue. In a letter to shareholders earlier this month, he had this to say: “Throughout history, technological disruptions have followed similar trajectories: 20 years of technological disruption followed by 30 years of further rapid change as new technologies are applied throughout society. The Internet revolution is a historical inflection point, much like when electricity was introduced, and it may have an even greater impact.”

This is in keeping […]

The fetishisation of work is making us miserable. Let’s learn to live again

The fetishisation of work is making us miserable. Let’s learn to live again

‘Employees say their bosses want them to put job before family and many are expected to be on call around the clock. More than one in four say they work longer hours than they want to.’ Photograph: Alamy Mounting pressures at work are taking a heavy toll on life at home . Employees say their bosses want them to put job before family, and many are expected to be on call around the clock. More than one in four say they work longer hours than they want to, we learn from the latest YouGov poll .

It’s not a pretty […]

Rise of the robots could see 850,000 in public sector jobs by 2030

(ShareCast News) – Public sector jobs appear to be the most threatened by the rise of automation, as a new study from Oxford University and Deloitte has found that more than 850,000 administrative jobs could be transferred to robots by 2030.

The research also found that in the near future even the work conducted by teachers, police officers and social workers could bein part replaced by automated devices.

The study formed part of Deloitte’s state of the state report, in which the business advisory firm analyses public finances and how effectively they are utilised.It has also included an assertion that automation […]

Only humans need apply

Only humans need apply

Artificial Intelligence

The debate rages on. Will Artificial Intelligence replace all of us and make us obsolete? Bill Gates and Stephen Hawking have sounded a warning. Are they being pessimistic? There are the optimists who believe that human beings have always been smart enough to find solutions to all such scenarios. When factories started replacing farms as the dominant source of employment, people learned new skills. When computers were introduced, people feared job loss. But look at us now. We cannot live without them. Humans will always be smarter than machines. Are they being naïve? Consider how automation is progressing […]

Another warning. The world is about to run low on JOBS as automation takes over

Another warning. The world is about to run low on JOBS as automation takes over

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More data and more warnings . The fourth industrial revolution has started. It will be jobless and many people will lose their employment, or be forced to compete for their jobs. The result is, you will probably be unemployed, or accept low wages to survive. What will we do in a world without work? LOS ANGELES, CA (California Network) – Just a few years ago, forecasters issued a dire warning. The world’s workers are in danger of running out of work. As the fourth […]

The bots are coming. It’s time to rethink your career

The bots are coming. It’s time to rethink your career

It is no secret that artificial intelligence (AI) is growing rapidly in sophistication. As evidenced by self-driving automobiles, computers capable of diagnosing certain medical conditions and bots that can make accurate financial trading predictions, society is poised for a major revolution.

Naysayers predict there will be massive job loss as machines enter the labor pool, but history has so far proven that the economy has prospered and grown substantially due to automation. Bots are going to enter the workforce and cause displacement, that is certain. The human element will have to evolve and re-think its position to remain viable when […]

Opinion: Workers will simply try to survive, rather than prosper, as tech takes over the economy

Opinion: Workers will simply try to survive, rather than prosper, as tech takes over the economy

For most people, a secure, well-paid job is the difference between a reasonable life and penury. Today, changes in the structure of the work force driven by globalization and technology make this objective increasingly elusive.

Technology has exacerbated declines in employment and incomes by eliminating tasks and “de-skilling” many jobs.

Robotics and complex computerized equipment has successfully replaced skilled labor. Computer software is now replacing journalists, synthesizing news items electronically by crawling the internet. Even traders in financial markets are being replaced by automated algorithms.In the late-20th century, global supply chains allowed lower-paid workers to displace expensive counterparts in more developed […]

IT sector’s transformation comes when India is struggling to create jobs: Is it in a downward spiral?

IT sector's transformation comes when India is struggling to create jobs: Is it in a downward spiral?

There has been some worrying news on the side of the economy which has remained confined to the business newspapers. It concerns India’s large information technology and software industry and companies like Infosys, TCS and Wipro. These firms, which were expanding quickly for the last two decades, have all slowed down.

They are now growing at single digits annually and even that is a struggle. This has caused speculation that the industry is in a death spiral in India. One reason for this slowing down is that automation is replacing human capital. This affects the services being offered by these […]

Automation to cause huge job loss in IT sector

There has been some worrying news on the side of the economy which has remained confined to the business newspapers. It concerns India’s large information technology and software industry and companies like Infosys, TCS and Wipro. These firms, which were expanding quickly for the last two decades, have all slowed down.

They are now growing at single digits annually and even that is a struggle. This has caused speculation that the industry is in a death spiral in India. One reason for this slowing down is that automation is replacing human capital. This affects the services being offered by these […]