Category: Automation Impact on Jobs

Robots May Steal As Many As 800 Million Jobs in the Next 13 Years

Robots May Steal As Many As 800 Million Jobs in the Next 13 Years

A new study by the McKinsey Global Institute estimates that between 400 million and 800 million of today’s jobs will be automated by 2030.

The research adds fresh perspective to what is becoming an increasingly concerning picture of the future employment landscape. “We’re all going to have to change and learn how to do new things over time,” institute partner Michael Chui told Bloomberg .

In the U.S., it seems it’s the middle class that has the most to fear, with office administrators and construction equipment operators among those who may lose their jobs to technology or see their wages depressed […]

Situation vacant: Analyst in human, machine interactions

Situation vacant: Analyst in human, machine interactions

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Over the next three years, information technology companies will enter a new phase. As one aspect of the change, these companies will be measured on a different set of metrics. The IT mandate will now stretch beyond the familiar realm of satisfying customers and employees and collaborating with the business and reducing costs to sealing customer relationships, discovering new business value and enabling business agility and innovation, while also ensuring security.

A recent global study involving 1,000 senior IT executives throws considerable light on this future which will impact the IT workforce considerably.For the survey, senior IT executives of companies […]

Automation, robots and artificial intelligence will bring a bigger shift than industrialisation

Automation, robots and artificial intelligence will bring a bigger shift than industrialisation

Machines will replace millions of jobs (Source: Getty) Automation will bring a bigger historical shift to the world of work than the move from agriculture to manufacturing by 2030.

Up to 14 per cent of the working population around the world – as many as 375m people – may have to change occupation, researchers at McKinsey estimate.

They calculate that there is likely to be enough demand for labour however, offsetting this shift rather than unemployment as many fear. ▲ Please answer the following question above to reveal the rest of the article. ▲ gaitvea nt hlel icwo mspeliirctantueodc […]

375 million jobs may be automated by 2030, study suggests

375 million jobs may be automated by 2030, study suggests

WASHINGTON (CNNMoney) – A new report has a stern warning for the global workforce: stay flexible. The McKinsey Global Institute cautions that as many as 375 million workers will need to switch occupational categories by 2030 due to automation.

The work most at risk of automation includes physical jobs in predictable environments, such as operating machinery or preparing fast food. Data collection and processing is also in the crosshairs, with implications for mortgage origination, paralegals, accounts and back-office processing.

To remain viable, workers must embrace retraining in different fields. But governments and companies will need to help smooth what could be […]

It’s not human versus robot

It’s not human versus robot

Technology is ushering in a new age of automation. Every day, across industries, smarter machines are deployed to manage the growing scale of work.

Computer technology has eliminated some tasks and lowered the demand for some workers. A recent study by McKinsey & Company estimates that almost half of all current tasks are subject to automation, providing fodder for the argument that widespread technology-induced unemployment is impending. However, computers can play an oversized role only in five percent of occupations, eliminating all tasks currently performed by humans. In the remaining 95 percent of the occupations, there will still be plenty […]

IN BRIEF

JOBS LOST, JOBS GAINED: WORKFORCE TRANSITIONS IN A TIME OF AUTOMATION In our latest research on automation, we examine work that can be automated through 2030 and jobs that may be created in the same period. We draw from lessons from history and develop various scenarios for the future. While it is hard to predict how all this will play out, our research provides some insights into the likely workforce transitions that should be expected and their implications. Our key findings:

ƒ Automation technologies including artificial intelligence and robotics will generate significant benefits for users, businesses, and economies, lifting productivity […]

India is changing a two-decade old policy to save its jobs from robots

India is changing a two-decade old policy to save its jobs from robots

A major challenge for the Narendra Modi-led government has been job creation. Emerging technologies such as automation and artificial intelligence are expected to take away jobs. Early next year, India will have its new industrial policy which will revamp the Industrial Policy of 1991 and the previous UPA government’s 2011 New Manufacturing Policy. Commerce and Industry Minister Suresh Prabhu says the draft of the policy is ready.

A discussion paper released by the Department of Industrial Policy and Promotion in August this year spoke of the time to shift from a policy of ‘continuity with change’ in 1991 to radical […]

Automation could kill 73 million U.S. jobs by 2030

Automation could kill 73 million U.S. jobs by 2030

A new report from Paysa suggests automation jobs will put 10,000 people to work, and big companies will spend $650 million on annual salaries to make it happen. Sean Dowling (@seandowlingtv) has more. Buzz60 Automation could destroy as many as 73 million U.S. jobs by 2030, but economic growth, rising productivity and other forces could more than offset the losses, according to a new report by McKinsey Global Institute.

“The dire predictions that robots are going to take our jobs are overstated,” says Susan Lund, the group’s director of research and co-author of the study. “There will be enough jobs […]

375 Million jobs may be automated by 2030, study suggests

WASHINGTON (CNNMoney) — A new report has a stern warning for the global workforce: stay flexible.

The McKinsey Global Institute cautions that as many as 375 million workers will need to switch occupational categories by 2030 due to automation.

The work most at risk of automation includes physical jobs in predictable environments, such as operating machinery or preparing fast food. Data collection and processing is also in the crosshairs, with implications for mortgage origination, paralegals, accounts and back-office processing.To remain viable, workers must embrace retraining in different fields. But governments and companies will need to help smooth what could be a […]

Just Imagine: The robots will take our jobs – what next?

This glimpse of the future was crafted by: Brad McBean

We’ve heard it all before. Robots – those elusive job munchers – are making their way to an office near you. And the message is clear: they are smarter than you, they are cheaper than you, and they won’t vie for the corner office… like you. If it’s not YouTube, it’s our friends at TED who splatter our screens with stats and remind us to stay afraid, very afraid of the imminent robopocalypse. After all, it’s not just the postmen and snow plowers and plumbers who face the dirge; the […]