Category: Automation Impact on Jobs

We have no idea how robots and automation are impacting jobs

We have no idea how robots and automation are impacting jobs

The National Academies of Sciences, Engineering and Medicine recently convened a committee to investigate the impact of technology on jobs. In its 184-page paper , published yesterday, 13 experts in economics and computer science reported that, well, they don’t have enough data to determine exactly how automation, robots, and innovations like the on-demand economy are affecting employment.

“Despite much anecdotal evidence suggesting that big changes are under way, surprisingly little data are available to help determine which anecdotes correspond to significant country-wide or economy-wide trends,” they wrote. A fantastical new world of high-tech, high-concept stores is here

Fears that […]

AI reshaping careers: How to adapt in the job market

AI reshaping careers: How to adapt in the job market

Nanyang Technological University’s Loh Pui Wah notes how AI reshapes careers, emphasising adaptability and resilience. With the advent and rapid advancement of artificial intelligence (AI), traditional career trajectories across various industries are being reshaped as we speak.

This transformation brings both opportunities and challenges for individuals entering the workforce and those already established in the job market. As a result, personal attributes such as adaptability and resilience have become ever more crucial in navigating this dynamic landscape. Traditional job roles are either being redefined or eliminated, giving rise to new ones emerging by the day.

We read frequently how AI is […]

The surprising and slightly unexpected link between Goods-to-Person robotics and sustainability

The surprising and slightly unexpected link between Goods-to-Person robotics and sustainability

Photo: 123rf.com In today’s unpredictable economy, retailers and third-party logistics providers (3PLs) are up against some tough challenges. The surge in online orders and constantly changing shipping demands have led to shortages in skilled labour, tighter delivery schedules, and increased costs.

On top of that, companies are under pressure to reduce their environmental impact and commit to ESG initiatives while boosting productivity and efficiency and reducing errors. No wonder managing a warehouse has become so complex. READ NEXT

Homegrown music retailer Swee Lee’s new space in Clarke Quay is a haven for artists, performers, and fans alike Given these pressures, […]

Key Manufacturing Trends Help Ensure Overall Industrial Growth

Key Manufacturing Trends Help Ensure Overall Industrial Growth

Summary

Key Manufacturing Trends Help Ensure Overall Industrial Growth The future of the manufacturing industry looks bright, with output set to rise by 1.5% in 2024 and 3% in 2025 . Despite challenges that have plagued it over the past half a decade, the growth has been sustained, and it is looking to expand further moving into the future. Key trends are helping ensure industry continues on a positive trajectory year on year.
Closing the skills gap with new talent
For any industry, retaining quality talent and attracting new quality prospects is important for preventing blockers and downtime […]

AI is replacing human tasks faster than you think

AI is replacing human tasks faster than you think

News

Maria Korneeva/Moment RF/Getty Images via CNN Newsource

New York (CNN) — Corporate America is rapidly adopting artificial intelligence to automate work once exclusively done by humans.Nearly half (46%) of large US firms plan to use AI within the next year to automate tasks previously done by employees, according to a survey of finance chiefs released Thursday.Those tasks include everything from paying suppliers and doing invoices to financial reporting, said the survey conducted by Duke University and the Federal Reserve Bank of Atlanta.That’s in addition to creative tasks for which some businesses are already relying on ChatGPT and other AI […]

Robots Steal Jobs From Unions

Robots Steal Jobs From Unions

Automation has had a greater impact on employment in sectors where union representation was stronger. A Bocconi study highlights the decline in Italy’s unionization rate and warns that “Unless the trend is reversed, social cohesion is at risk”

Collective bargaining is a fundamental pillar of the European social model. In Italy, over the decades, unions have ensured wage increases commensurate with productivity growth and a gradual improvement in working conditions. Today, however, they are in decline: in 20 years, according to a Bocconi study , the unionization rate has been declining from 30 percent to about 12 percent. Fewer members […]

Finance Jobs Will Be Changed the Most by AI, Report Says

Finance Jobs Will Be Changed the Most by AI, Report Says

The threat from artificial intelligence (AI) to millions of repetitive, lower-paying jobs is a big factor in the future of business. But a new study predicts most of those changes in employment will show up in the finance sector , where over half the sector’s roles were determined to be "most prone to automation."

The authors of those findings on AI’s impact in banking should know what they’re talking about: They’re tech experts at banking giant Citigroup. Their " AI in Finance : Bot, Bank & Beyond" report was released Wednesday, and immediately turned heads with its forecast that fully […]

The Platform Approach: Transforming the Future of Work and Human Potential with AI

The Platform Approach: Transforming the Future of Work and Human Potential with AI

By N Shashidhar

Companies are investing heavily in transformation initiatives, yet many of these efforts need to catch up to their goals. The reasons often include organizational silos, suboptimal technology investments, and the complexity of legacy systems. However, a deeper issue lies in the inability to adapt to an ever-changing and increasingly complex environment. The rise of artificial intelligence (AI) and AI-driven transformations highlights this resistance to evolution.

As we enter a new era dominated by AI, the pace of change is set to accelerate. Understanding the shift in work dynamics is crucial for businesses to navigate an AI-driven transformation […]

The Jobs Most at Risk From AI

The Jobs Most at Risk From AI

The rapid advancement of artificial intelligence technology is reshaping the job market, posing significant risks to various professions.

According to a recent report by Goldman Sachs, AI tools could impact 300 million full-time jobs worldwide, leading to considerable disruption in the labor market. As businesses increasingly adopt AI to improve efficiency, certain jobs are more vulnerable to automation. Here are five fields at risk from AI. Photo-illustration by Newsweek Data Analysts and Bookkeepers

Jobs that involve data analysis, bookkeeping, and basic financial reporting are highly susceptible to automation. These roles, which focus on repetitive administrative tasks, are prime candidates for […]

Nvidia’s New AI Simulator Could Rev Up Robotics, Self-Driving Cars

Nvidia’s New AI Simulator Could Rev Up Robotics, Self-Driving Cars

Nvidia, AI, autonomous vehicles, sensors, digital twins Chip maker Nvidia announced on Monday (June 17) a new type of artificial intelligence (AI) simulation software in an attempt to turbocharge the development of self-driving cars and robots.

The Omniverse Cloud Sensor RTX was unveiled at the Computer Vision and Pattern Recognition conference and aims to offer physically accurate sensor simulation. The tech titan’s announcement underscores the sensor industry’s growing importance . A

The new software combines real-world data from various sensors with synthetic data, supposedly allowing developers to test sensor perception and associated AI software in realistic virtual environments before real-world deployment. […]