Category: Automation Impact on Jobs

Should potential job losses from automation and artificial intelligence worry you?

Should potential job losses from automation and artificial intelligence worry you?

As technology advances, the mixed feelings are getting real. The excitement of progress and man’s self-satisfaction is coming at the expense of things like “ethics” and jobs. I’ve been following some conversation on this matter, but because ethics have become extremely subjective, let me talk about jobs briefly instead. We’ll talk about issues revolving around ethics some other time when I’ve had breakfast and have the energy.

You know for sure that something is making noise when films, particularly soapies, start incorporating it into their scripts. If you watch Isidingo on SABC 3 religiously… or not, you’ll know about the […]

Facing up to ‘jobsolescence’

Facing up to 'jobsolescence'

Not every job will be lost to digital automation, especially non-routine jobs, such as surgeons, doctors, teachers, lawyers and writers. FILE PIC WE are living in an era of rapid transformation. The Digital Era. From the Internet of things (loT) to artificial intelligence (AI) and robotics, digital technology is permeating every aspect of our daily lives. In many ways, it has brought many positive changes, in as far as doing things faster, more conveniently and more efficiently.

Certainly, a lot of things have and will be impacted with the advent of digital technology. One that has been the subject of […]

How Will Artificial Intelligence Impact the UK Economy?

How Will Artificial Intelligence Impact the UK Economy?

Nearly 50 years since the IT revolution, the fourth industrial revolution is looming and it will be instigated by Artificial Intelligence (AI) . This is the growing phenomenon where machines act like humans. AI can involve analysing large datasets through to automating manual tasks in a factory. Companies such as Facebook are researching ways to help the blind see pictures and Google has a goal to create a self driving car. There is also a plethora of financial startups erupting the market to automise back office operations through to accounting functions. Now seems like the most prevalent time to […]

How NAFTA has hurt Canadian auto jobs

How NAFTA has hurt Canadian auto jobs

The U.S. desire to renegotiate NAFTA goes beyond Trump and Canada could stand to benefit as more jobs move to Mexico. In this 2013 photo, workers manufacture car dash mats at a maquiladora belonging to the TECMA group in Ciudad Juarez, Mexico. With the implementation of the North American Free Trade Agreement 20 years ago, many North American and international companies have moved their manufacturing to Mexico at a lower cost and while auto, electronics and agriculture sectors in Mexico has grown, a majority of Mexicans have seen little benefit in income. With a critical NAFTA renegotiations on the […]

re: Ex-Facebook Exec Warns Of ‘Revolution’ Caused By Job Automation

re: Ex-Facebook Exec Warns Of ‘Revolution’ Caused By Job Automation

Breesus quote:
Its going to create new jobs and push people to new areas of industry.

Its going to be a slow process. This.
Trucks will still need a human engineer like a train does. Someone will have to be in the truck incase of computer failure or mechanical problems.If a McDonald’s automates, It’ll still need an IT guy and a mechanic. DavidTheGnome Breesus What are they going to do the first time their software fails or the truck needs a mechanic specialized in that trucks automation?If it’s going from Mississippi to California they’ll tell it to pull over […]

Legal automation spells relief for lower-income Americans, hard times for lawyers

Legal automation spells relief for lower-income Americans, hard times for lawyers

Robots that help contest small fines could signal a move towards ‘fewer lawyers’ and ‘more justice.’

“Here’s the dirty little secret about automation: it’s easier to build a robot to replace a junior attorney than to replace a journeyman electrician.”

That’s Mark Mills, noting that it’s white-collar jobs that may be the next casualties of automation . “Instead of creative destruction coming to factories and farms, it’s sweeping through city centers and taking white-collar jobs.” White-collar workers used to think they were safe from automation while lesser breeds suffered unemployment. But now they’re on the front lines.That’s certainly the case […]

Will technology cause society to collapse in 30 years? This former Facebook exec says yes

Will technology cause society to collapse in 30 years? This former Facebook exec says yes

Antonio García Martinez issued warnings about the potential dangers of automation and AIBBC iPlayer/BBC With smartphones in our hands and self-driving cars sitting in our driveways, the human race will spiral into revolt, despair and conflict as artificial intelligence (AI) and robot technology completely destroy the job markets. These are the predictions ofa former Silicon Valley executive.

Antonio García Martinez, a former product manager at social giant Facebook, left his position in 2015 and now lives in a remote part of the US as a self-described recluse. He traded in his computers for a tepee, a compost toilet and some […]

A Tale of Twenty-Five Cities: The Knowledge Index 2017

A Tale of Twenty-Five Cities: The Knowledge Index 2017

How will the changing nature of work and the transformation enabled by new technologies and the knowledge economy play out in Australia? Knowledge cities are more likely to produce sustainable economic growth. A knowledge city has several key characteristics: diverse knowledge industries, knowledge-producing infrastructure (universities and science parks) and a quality of life that attracts the creative classes, enhancing the social and cultural milieu of a place.

Late last month, the University of Canberra launched an index of Knowledge Cities , an analysis of the knowledge capital (the underlying knowledge infrastructure of a city) and knowledge economy (the knowledge activation […]

Students at Konkuk University in eastern Seoul test a 3-D printer at the school’s recently opened “Smart Factory” lab. [KONKUK UNIVERSITY] Adidas’ Speedfactory, with its robots and 3-D printers, is expected to create 160 jobs, according to the sportswear company, compared to a thousand or more jobs created at a typical shoe making facility in Asia.

Hanwha Techwin’s new factory in Changwon, South Gyeongsang, with machines that run 24 hours, can operate with half the workforce of its other factories, the company said.

With these statistics, it’s no wonder people believe the advent of smart factories could mean the loss of […]

The existential challenge of AI

The existential challenge of AI

Advances in artificial intelligence (AI) and robotics are reshaping the institutional investment management industry from all angles.

Over the last decade, high-speed automated trading has already revolutionised the day-to-day operation of financial markets and robo-advice has revamped the way wealth managers engage with clients. AI is upending the profit models of many companies in institutional investment portfolios. Within funds, many workers with repetitive and numbers-based jobs are set to be replaced. But the biggest fallout on superannuation and pension managers from the changing nature of work could be how it destroys the livelihoods of millions of their clients.

Tesla chief executive […]