By 2022, an operational stock of almost four million industrial robots are expected to work in factories worldwide. These robots will play a vital role in automating production to speed up the post-Corona economy.
Robots are driving demand for skilled workers, according to the International Federation of Robotics (IFR), and so educational systems must effectively adjust to this demand.
IFR President Milton Guerry said: “Governments and companies around the globe now need to focus on providing the right skills necessary to work with robots and intelligent automation systems. This is important to take maximum advantage of the opportunities that these technologies […]
Companies of all sizes are leaning on automation to keep factories running without compromising the health and safety of their workers. CHICAGO: While a resurgence in coronavirus cases in Texas has brought many businesses to a screeching halt, eight robots have kept All Axis Machining’s metal fabrication facility in Dallas humming.
The small, nimble robots perform multiple jobs, such as machine-tending, sanding, deburring, part inspection and laser marking, leaving owner Gary Kuzmin far less dependent on manual labor. When all the workers on one shift went into self-quarantine last month, it had no impact on the facility’s productivity.
All Kuzmin had […]
The robots are no longer coming; they are here. The COVID-19 pandemic is hastening the spread of artificial intelligence (AI), but few have fully considered the short- and long-run consequences.
In thinking about AI, it is natural to start from the perspective of welfare economics – productivity and distribution. What are the economic effects of robots that can replicate human labour? Such concerns are not new. In the nineteenth century, many feared that new mechanical and industrial innovations would “replace” workers. The same concerns are being echoed today.
Consider a model of a national economy in which labour performed by robots […]
From the introduction of the assembly line in the automobile industry in 1913 to Amazon reaching 200,000 robots working in its warehouses in 2020, the past century has seen an unprecedented level of technological progress in the workplace. Since the Industrial Revolution, the role of machines has been controversial, raising hope for progress as well as fear of change. However, despite its rapid pace, automation has not made human labour obsolete. An MIT study revealed that the employment-to-population ratio rose during the 20th century. Listed below are the major milestones in the journey of the future of work theme, […]
People should not be dehumanised, argues Simon Cross
THE world is in the midst of its fourth industrial revolution (IR). History illustrates that, in the long run, industrial revolutions make nations wealthier, but, in the short run, they also make individuals or sections of society poorer. For some, that short run can last a lifetime.
This fourth IR is more problematic because it might be the first to eliminate more well-paid jobs than it creates. In 1990, for example, the top three US car-makers had a market capitalisation of $36 billion, and employed 1.2 million people. In 2014, the […]
By 2022, an o perational stock of almost 4 million industrial robots are expected to work in factories worldwide. These robots will play a vital role in automating production to speed up the post-Corona economy. At the same time, robots are driving demand for skilled workers. Educational systems must effectively adjust to this demand, says the International Federation of Robotics.
“Governments and companies around the globe now need to focus on providing the right skills necessary to work with robots and intelligent automation systems,” says Milton Guerry, President of the International Federation of Robotics . “This is important to […]
construction-4939383_1280 work automation future The alarm bell rings. You open your eyes, come to your senses, and slide from dream state to consciousness. You hit the snooze button, and eventually crawl out of bed to the start of yet another working day.
This daily narrative is experienced by billions of people all over the world. We work, we eat, we sleep, and we repeat. As our lives pass day by day, the beating drums of the weekly routine take over and years pass until we reach our goal of retirement . A Crisis of Work
We repeat the routine so […]
Covid-19 has forced businesses globally to re-evaluate their business models and to adapt to new working environments. As whole industries adjust and new ones are born, many occupations will undergo a fundamental transformation. Technological, socio-economic, geopolitical and demographic developments and the interactions between them will generate new categories of jobs and occupations while partly or wholly displacing others. Given the rapid pace of change, business model disruptions are resulting in near-simultaneous impact on employment, demanding new skill sets and it is critical for businesses to stay ahead of these trends and changes.
Through a series of expert panel discussions, […]
My aunt runs a coaching centre, empowering elders and tech- novice individuals with the knowledge and skills to use mobile and digital applications.
These were physical classroom sessions conducted in a closed environment which obviously needed transformation as the world shifted to digital mediums for communication and learning post COVID-19.
The first challenge for her was to enable the learners to use technology so that they may learn technology through that technology . Before you begin thinking this is a Nolan film(within a film), I’ll get to the point. Moving to digital modes for learning led to an added team member […]
The forthcoming technological revolutions will transform the very nature of our work. It is unclear whether we will be ready for these changes or whether we will be left behind, marred by our own inertia.
At the same time, economic and technological changes will be catalysts for a new, emerging populism, especially under the circumstances of COVID-19. Will our jobs keep pace? How to prepare economies, and citizens, for fast-approaching technological advances? Can life-long learning and re-skilling be the key to success? The subject of a recent Visegrad Insight Breakfast discussion in partnership with the European Liberal Forum […]