Category: Automation Impact on Jobs

Workers wanted: How to fill the skilled-trade shortage

Plumbers, carpenters, builders: In the United States, skilled tradespeople are in high demand, earn good salaries, and are vital to economic progress and prosperity. So why are they in such precariously short supply? In this episode of McKinsey Talks Talent , talent leaders Brooke Weddle and Bryan Hancock join global editorial director Lucia Rahilly to discuss what’s causing the shortage in the skilled trades, as well as what’s necessary to attract new workers to these roles and to help them thrive. The following is an edited transcript of their conversation. What’s at stake

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The Fusion of AI and Machine Vision Systems in Modern Automation

The Fusion of AI and Machine Vision Systems in Modern Automation

INSCMagazine: Get Social! Industrial growth is a maze where artificial intelligence and machine vision systems are combined to give birth to a new creation called modern automation. This change does not only appear in our industries but also penetrates the essence of how we produce things now. Manufacturing AI stands at the center of it all – this term means using AI technology within production lines so as to achieve higher levels of accuracy, speediness and effectiveness than had ever been witnessed before. Understanding the Synergy

Machine vision systems act as the factory’s eyes, allowing machines to see, […]

� Rethinking automation: The promises and perils of AI – Daniel Moss

� Rethinking automation: The promises and perils of AI – Daniel Moss

Daniel Moss scrutinises the intricate dance between automation and societal evolution in a thought-provoking piece. Contrary to assumptions, replicating basic human labour with machines hasn’t ushered in a new era of innovation. Instead, it’s triggered social and political upheaval, from historical Luddite protests to contemporary job displacement. However, economist David Autor envisions AI augmenting human expertise, potentially revitalizing middle-class employment and addressing labour shortages. Amidst apprehensions, Singapore’s labour market and ageing population serve as a microcosm for the AI revolution, showcasing both its promise and challenge s.

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Where in the world are people most optimistic about AI?

Where in the world are people most optimistic about AI?

Verbit analyzed data from a December 2023 Bosch survey to see where people are the most excited by AI and how they hope it will change their lives.

Posted Thursday, May 30, 2024 9:30 am

Wade Zhou Photo illustration by Elizabeth Ciano // Stacker // Shutterstock When the internet first became widely available in the 1990s, Americans and Canadians were among its quickest adopters. Shortly after, the rest of the world began to follow. Three decades later, the web has dramatically changed how people and businesses operate.Today, around 90% of North Americans and 60% of people globally have […]

Navigating The Impact of Digital Disruption on Employment: 2024 And Beyond

Navigating The Impact of Digital Disruption on Employment: 2024 And Beyond

What is digital disruption?
Researchers define the phrase digital disruption as the rapid and significant changes that occur in various industries and sectors due to the adoption and integration of digital technologies. It is a transformative force that can revolutionize traditional business models, processes, and practices, leading to the creation of new opportunities and challenges thereby causing disruption in tradition and archaic processes and workflows.

The origin of digital disruption
The concept of digital disruption was originally propounded by a Harvard Business School professor – Professor Clayton Christensen in his book "The Innovator’s Dilemma" which was published […]

Human Capital for the Age of Generative AI

Human Capital for the Age of Generative AI

Shared prosperity can flow from new technology only if its adoption is accompanied by upgraded skills and proactive worker redeployment. In the age of generative AI, employers should be candid about nascent skills gaps, and governments should focus on enabling all workers to upgrade their skills in a timely and appropriate fashion.

WASHINGTON, DC/PARIS – Generative artificial intelligence has captured the world’s imagination because it appears likely to automate tasks that previously required advanced cognitive skills. With it, there is a real prospect that many highly educated and experienced workers may be replaced by algorithms. What happens when machines come […]

Don’t be Afraid of AI

Don’t be Afraid of AI

Don’t be Afraid of AI

Bob Roebling

· Follow 5 min read·3 hours ago Photo by Steve Johnson on Unsplash The other night, I spoke with my family, and they raised concerns about Artificial Intelligence (AI). I started thinking about how often people have come to me to talk about how they didn’t like AI, how it would take over jobs, and how hackers could use it for evil through automated attacks or social engineering bots. These are valid concerns, but the real question is why the negatives are only brought up when so many more positives come […]

AI Might Just Save the Middle Class

AI Might Just Save the Middle Class

If the ancient Greeks had AI, they’d still be the ancient Greeks. Same for us. If all the tasks that made ancient Greece tick were automated — from churning out chariots to crafting ceramic vases — it wouldn’t transform the place into Singapore. The Mediterranean civilization would still be that of a few thousand years ago, not a modern Southeast Asian nation whose first prime minister rated the advent of the air conditioner as an epochal event.

Automation has, in many instances, replaced human labor, but tends not to bring forward new inventions. Much as it has benefited society and […]

Automation in employee benefits: a necessity for today’s workforce

Automation in employee benefits: a necessity for today's workforce

In a world driven by instant gratification, consumers are not the only group that expects quick and seamless experiences. Employees, HR teams, and benefits leaders do, too. From using a smartphone to pay at the gas pump to snapping up the latest fashion trends with a single click, the digital revolution has conditioned us to favor speed and efficiency in every aspect of life. This expectation seamlessly extends into the professional sphere, including having a significant impact on how the entire landscape of employee benefits. When HR adds a new hire to payroll, they want it to happen in […]

Automation and AI: The Shift in Job Trends

Automation and AI: The Shift in Job Trends

The Emergence of Advanced Technologies Reshapes Career Landscapes

With the rise of Industry 4.0, several professions are at the precipice of transformation, primarily due to automation and artificial intelligence (AI) advancements. Office secretaries, once essential for managing and executing administrative tasks, may see an 8% reduction in job opportunities. This is attributed to AI’s capability to automate scheduling and document management duties traditionally performed by secretaries.

Delivery Services Bracing for a Technological Revolution Delivery services, which have thrived with online shopping and e-commerce platforms, are also likely to witness a significant shift. In the next decade, experts anticipate these […]