Category: Automation Impact on Jobs

No Boss’: Everyone Will Work for Themselves, Predicts Naval Ravikant, Early Investor in Twitter & Uber

No Boss’: Everyone Will Work for Themselves, Predicts Naval Ravikant, Early Investor in Twitter & Uber

No Boss’: Everyone Will Work for Themselves, Predicts Naval Ravikant, Early Investor in Twitter & Uber In a bold prediction, entrepreneur Naval Ravikant foresees a future dominated by self-employment, driven by the information age.

Naval Ravikant, a notable entrepreneur and early investor in companies like Uber, Twitter, and Notion, has made a thought-provoking prediction about the future of work. Speaking on a podcast, Ravikant shared his belief that within the next 50 years, traditional hierarchical work structures will become obsolete. It will be replaced by a trend where everyone works for themselves.

Ravikant draws parallels between future work environments and […]

AI and the future of work

AI and the future of work

AI and the future of work

Mike Writes Stuff

· Follow 4 min read·2 hours ago In today’s rapidly evolving world, technology is reshaping the way we live and work. From artificial intelligence (AI) to automation, the advancements are both exciting and, for some, a little intimidating.So we might be wondering: Are we being replaced by technology? The current landscape First, let’s look at some numbers to get a sense of what’s happening. According to a report by McKinsey , up to 45% of work activities could be automated by 2030 using current technology. The World Economic Forum’s […]

The Era of Intelligent Automation: Challenges and Opportunities

The Era of Intelligent Automation: Challenges and Opportunities

In the fast-paced world of technology, the spotlight has recently shifted from the scorching summer heat to the advancements in intelligent automation. The European Union has taken a significant step by implementing regulations to govern the realm of artificial intelligence (AI), a domain that has captivated attention for a year and a half.

The new AI Act, as it has been dubbed, has sparked a flurry of debates and concerns. Legal experts argue that additional legislative pieces will be necessary to make the regulations truly effective. Questions surrounding intellectual property rights and the materials used to train AI algorithms remain […]

The Rising Importance of Critical Minerals in the Job Market

The Rising Importance of Critical Minerals in the Job Market

Stuart Gentle Publisher at Onrec As the global transition towards renewable energy and electric vehicles (EVs) accelerates, the demand for critical minerals such as lithium, cobalt, and nickel is surging.

These minerals are essential components in the production of lithium-ion batteries, which power everything from smartphones to EVs.

This growing demand has profound implications for various sectors, including the job market, making it a topic of significant interest for industry stakeholders. The Economic Impact of Critical Minerals The burgeoning demand for critical minerals is not just reshaping industries but also creating numerous job opportunities across the supply chain. From mining and […]

Comment: How enhanced connectivity is revolutionising rural manufacturing

Comment: How enhanced connectivity is revolutionising rural manufacturing

Opinion

Sandeep Raithatha, Head of Strategy, Innovation & 5G IoT at Virgin Media O2 Business, explains how better connectivity is facilitating Industry 4.0 off the beaten track. Adobe Stock Over the past decade, the digital landscape has rapidly evolved, reshaping industries and economies worldwide. While urban areas have seen the benefits from this digitisation, rural regions, particularly in the manufacturing sector have often been overlooked. However, the potential in these areas is immense. Improved connectivity can revolutionise rural manufacturing by enhancing efficiency, enabling greater automation to reduce human error and machine failure, real-time monitoring, and data processing, and supporting […]

The impact of remote work on payroll management

The impact of remote work on payroll management

Remote working has transformed the professional world since the pandemic. But it’s also caused several changes to the process of payroll management. With various employment conditions and working patterns, accounting departments have had to keep up to ensure compliance and accuracy. Here’s how it’s all changed.

Changes in payroll processes

Remote work demands flexibility in payroll processes . Traditional in-office systems relied more on physical documentation and manual inputs, which aren’t viable for remote teams.For these new team dynamics, digital payroll systems have skyrocketed in popularity, allowing for automation and effortless remote access. This software can process payroll, generate payslips and […]

Technology set to replace third of agriculture jobs over next decade: Report

Technology set to replace third of agriculture jobs over next decade: Report

A new report says a third of all agriculture jobs in Canada could be automated within the next decade. A farmer drives a combine to harvest a wheat crop near Cremona, Alta., Monday, Sept. 18, 2023. Photo by Jeff McIntosh /The Canadian Press Article content

OTTAWA — A third of all agriculture jobs in Canada could be automated within the next decade, according to a new report.

The Conference Board of Canada says that’s alongside a fifth of jobs in food and beverage manufacturing which could also become automated.Alain Francq, director of innovation and technology at the organization, says automation […]

Generative AI could transform millions of jobs in Latin America and the Caribbean but digital divide poses challenges

Generative AI could transform millions of jobs in Latin America and the Caribbean but digital divide poses challenges

GENEVA (ILO News) – Generative Artificial Intelligence (GenAI) could significantly transform jobs and boost productivity in Latin America and the Caribbean, but existing digital infrastructure gaps may hinder its potential benefits, according to a new research paper from the International Labour Organization (ILO) and the World Bank.

The research, Buffer or Bottleneck? Employment Exposure to Generative AI and the Digital Divide in Latin America , finds that between 26 per cent and 38 per cent of jobs in the region could be influenced by GenAI. However, the technology is more likely to augment and transform jobs rather than fully automate […]

Generative AI May Transform Jobs in Latin America, Caribbean

Generative Artificial Intelligence (GenAI) could significantly transform jobs and boost productivity in Latin America and the Caribbean, but existing digital infrastructure gaps may hinder its potential benefits, according to a new research paper from the International Labour Organization (ILO) and the World Bank.

The research, Buffer or Bottleneck? Employment Exposure to Generative AI and the Digital Divide in Latin America , finds that between 26 per cent and 38 per cent of jobs in the region could be influenced by GenAI. However, the technology is more likely to augment and transform jobs rather than fully automate them. Specifically, 8 per […]

Elon Musk’s $20K Humanoid Robots: Feasible Workforce Tech or Futuristic Fantasy?

Elon Musk’s $20K Humanoid Robots: Feasible Workforce Tech or Futuristic Fantasy?

Tesla’s humanoid robot, dubbed the “Tesla Bot," was first introduced at Tesla’s AI Day in 2021. Nexudus – Space Management Solutions Tesla plans to employ advanced AI, robotics, and battery technology to realize humanoid robots, though the complexity of the task makes the timeline ambitious.

The introduction of humanoid robots may lead to job displacement in manual and semi-skilled labor, but also the creation of new roles and industries, demanding effective retraining programs and thoughtful transition management.

The deployment raises ethical questions about job quality and social equity, necessitating inclusive policies to ensure fair distribution of benefits […]