Category: Automation Impact on Jobs

The Evolution Of Process Automation In The AI Era

The Evolution Of Process Automation In The AI Era

Mihir Shukla is CEO and co-founder of Automation Anywhere , a leading global provider of enterprise process automation. getty With artificial intelligence (AI) advancing rapidly, there needs to be more clarity about what generative AI means for process automation. After all, process automation has been around for decades, and generative AI is now being framed as the hot, new approach to getting work done with the support of technology. However, one will not replace the other.

Instead, we should consider generative AI another dramatic shift or stage in the journey toward a more autonomous enterprise. Each stage builds on the […]

The role of HR in driving work transformation

The role of HR in driving work transformation

Ways of working in organizations are evolving, driven by market dynamics and new skills requirements, and enabled by advances in technology. Automation of core processes and the use of AI to accelerate and inform decision making have served as disruptors as well as enablers, providing organizations with opportunities to increase operational efficiency and effectiveness, expand capabilities and accelerate speed to market.

This evolution has required organizations to enhance their readiness and agility to transform ways of working and embrace the potential that new technology can bring. But are organizations ready? Recent research conducted by WTW found that more than half […]

The Bot Brief

The Bot Brief

Balcones Investment Research Logo Content Filed Under:

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Application: N/A Bots in the News: Within the 345 pages of learned tomes produced in the January meeting of the American Economic Association, there were certainly some worthwhile readings and, perhaps, some potentially valid conclusions. What seems to be devoid within the academia hierarchy, however, was some attention to the largest economic force facing the world. Among typical topics of gender and race inequalities, intergenerational wealth transfer, working to change the climate in economics and global health societal consequences, there was virtually no focus on the impact of robotic […]

Amazon advances automation with over 750,000 robots, replacing 100,000 jobs

Amazon advances automation with over 750,000 robots, replacing 100,000 jobs

A 6-axis robotic arm picks up sorting containers at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. REUTERS/Clodagh Kilcoyne/File Photo Amazon.com Inc., the world’s second-largest private employer, has significantly increased its use of robotics, deploying more than 750,000 robots alongside its human workforce, reports Yahoo Finance.

The company, which employs 1.5 million people, has seen a reduction of over 100,000 employees from its 2021 peak of 1.6 million. This shift coincides with a rapid expansion of its robotic fleet, which grew from 200,000 robots in 2019 to 520,000 in 2022.

Amazon’s robots, including new models like Sequoia […]

Leveraging AI to Alleviate the Labour Shortage Strain of Pharmacists

Leveraging AI to Alleviate the Labour Shortage Strain of Pharmacists

Labour shortages are an ongoing issue not just in the Australian healthcare system but on a global scale. The COVID-19 pandemic escalated the problem for all sectors with many industries like pharmacy care looking to technological advancements for assistance.

There has been a significant decline in recent years in the number of graduating pharmacists, raising concerns about the quality of pharmacy care delivery. Fewer students are graduating from courses like the online Doctor of Pharmacy program , which is a massive contributing factor to the ongoing labour shortage.

Recent data from the American Association of Colleges of Pharmacy shows a 10% […]

AI’s Negative Economic Impact on White-Collar Middle-Class Workers

AI’s Negative Economic Impact on White-Collar Middle-Class Workers

AI’s Negative Economic Impact on White-Collar Middle-Class Workers 2 Artificial Intelligence (AI) is rapidly transforming the work landscape, with profound implications for white-collar middle-class workers. As AI systems become increasingly sophisticated, they’re capable of performing tasks once thought to be the exclusive domain of human intelligence.

This technological revolution promises increased efficiency and productivity. However, it also poses significant challenges to the job security and economic stability of the middle class—a crucial segment of the workforce that has long been the backbone of modern economies. Job Displacement: A Growing Concern

Many white-collar professionals face the threat of job displacement. Software […]

This looks like a job for industrial AI

This looks like a job for industrial AI

Johan Potgieter JOHANNESBURG , (CAJ News) – FOLLOWING a recent annual meeting by the World Economic Forum (WEF), industrial artificial intelligence (AI) has joined the ranks of the world’s superheroes.

The WEF stated, industrial AI has the ability to usher in an era of elevated efficiency, innovation, safety and sustainability, amplifying human knowledge to superhero foresight.

It’s quite a statement but also true. Industrial AI it’s augmenting our abilities by simplifying problem solving. Significantly, industrial AI is not displacing humans; it is equipping labour forces with self-learning and self-adapting technology that saves on time and improves productivity.For example, in traditional […]

Harnessing technology for economic growth

OPINION

“Businesses should be encouraged to explore new markets and technologies that can lead to jobs creation. This was my opening statement at the 45th National Conference of Employers.

On behalf of ECOP, let me thank you for sharing your precious time to join us today to listen, discuss and learn about an issue that is both timely and crucial: jobs generation amid a rapidly evolving technological environment.Technology began three million years ago when humans reshaped stones into tools like hammers, axes, knives and arrowheads. This is known as the Stone Age. Technology is relentless and has exponentially developed into […]

Automation mitigates labour shortages and instills safety culture

Automation mitigates labour shortages and instills safety culture

Most traditional warehouses require employees to manually lift and carry crates of goods that are often heavy. Repetitive twisting, turning and reaching places warehouse staff at constant risk of injury, which potentially leads to long-term physical harm. Particularly in times of labour shortage, manual order fulfilment results in warehouse staff having to work harder and faster, increasing their risk of workplace injury. By eliminating these ergonomic hazards, automation marks a transition from the traditional, physically demanding warehouse to more modern facilities that run better, faster and safer operations. Crates of fresh produce being handled by robots Healthy workplace means […]

Companies believe one-third of jobs to vanish in 10 years due to AI: survey

Companies believe one-third of jobs to vanish in 10 years due to AI: survey

WORKFORCE: Nearly half of the companies said they are considering adopting automation or AI, a significant increase from last year’s survey result of 42 percent

Staff writer, with CNA

Local companies believe that nearly one-third of all job opportunities would disappear in 10 years due to the rise of artificial intelligence (AI), according to the results of a survey by online job bank yes123 released on Tuesday.In a survey of 1,016 companies on the labor market’s third quarter outlook, the job bank focused in part on AI’s impact on workers and asked companies what percentage of jobs […]