Tag: academic

Automation has had a negligible impact on jobs – World Bank

Automation has had a negligible impact on jobs - World Bank

#Automation & Jobs

The bank in its report said that while the technology is indeed eliminating many low-skilled jobs in advanced economies and developing economies, it is also creating opportunities for more creative and productive jobs. Automation is taking up the jobs is turning out to be a myth; senior industry leaders also suggest that technology and automation are complimenting the manual jobs. Chief Economist of the World Bank said , ‘The rise of automation has so far had a negligible impact on jobs at a global scale.’

“This fear that robots have eliminated jobs — this fear is not […]

Robots are not yet killing off all our jobs: World Bank chief economist

Robots are not yet killing off all our jobs: World Bank chief economist

An assembly line robot at an exhibition at the Grand Palais in Paris, France, on Nov 22, 2018. BRUSSELS (BLOOMBERG) – The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines.

While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the Washington-based international financial institution.

"This fear that robots […]

Robots aren’t yet killing off all our jobs, World Bank says

Robots aren't yet killing off all our jobs, World Bank says

Robotic arms insert shock absorbers on a line of vehicles on the assembly line at the Volkswagen factory in Wolfsburg, Germany, on Oct. 30, 2018. (Krisztian Bocsi/Bloomberg News) The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist says, despite common gloomy predictions that humans are set to be replaced by machines.

While advanced economies have shed industrial jobs over the last two decades, the rise of the same sector in East Asia has more than compensated for the loss, according to an annual report published by the […]

Software Vs Liveware: Reincarnation of eloquent workforce is imperative in reign of automation

Software Vs Liveware: Reincarnation of eloquent workforce is imperative in reign of automation

Can you draw an imagination of commotion state between Human-Mind and Mechanical-Mind? Probably not. What if Mechanical-Minds become stealer of human employment? What if technological advancements takeover labour force in times ahead?

Well, working as tech-professional, it’s quite natural to think about above questions. Living on earth of continuous technological upgradation and witnessing the prevailing changes in the workspace, the boon of machines sometimes acts as a worst nightmare.

With the influx of automation, the vertical industry sketches in myriad changes. From FMCG to BPOs, Healthcare to Logistics, Agriculture to Automotive, each sector is undergoing a roller-coaster ride of high-tech elevations. […]

How do universities prepare graduates for jobs that don’t yet exist?

How do universities prepare graduates for jobs that don't yet exist?

Universities determine the future: they shape it through their research and prepare students for tomorrow’s jobs. But in the midst of the fourth industrial revolution , it’s hard to know what the future will look like. Technological changes such as automation and artificial intelligence are expected to transform the employment landscape. The question is: will our education system keep up?

The answer matters because an estimated 65% of children entering primary schools today will work in jobs and functions that don’t currently exist, according to a recent Universities UK report . The research, which explores the “rapid pace of change […]

Coping with FIRe

Coping with FIRe

I had the privilege to listen to Dr. Aniceto Orbeta of the Philippine Institute for Development Studies (PIDS), the government think tank, when he made a presentation on Labor and Global Development before the People Management Association of the Philippines.

Now, the FIRe in the title of this column doesn’t refer to firing laborers but rather the shorthand for what Dr. Orbeta in his presentation calls the Fourth Industrial Revolution (FIRe). According to Dr. Orbeta, the First Revolution was about steam, water, and mechanical production equipment, starting about 1784. The Second Revolution was about division of labor, electricity, mass production, […]

G20: Digital change and gig economy rewire the world of work

G20: Digital change and gig economy rewire the world of work

When his daughter was born, Paulo Aguilar, a Chilean entrepreneur, wanted to find a new way of working — one that would allow him to stay at home and see her grow up.

His solution was to log on to Mercado Libre, Latin America’s answer to eBay, to find out what people wanted to buy. Soon he started his own company, Comercial Limax, selling pet accessories from his study, where his daughter could visit whenever she pleased. Five years on, the company is doing well, with a warehouse and a team of eight.

Mr Aguilar is one of many adjusting to […]

Big issues from the World Economic Forum’s intellectual heart

Big issues from the World Economic Forum’s intellectual heart

I am writing this from deep within the beating intellectual heart of the World Economic Forum — the hub of the Global Future Councils (GFC) in Dubai.

The GFC — labeled the “biggest brainstorm in the world” — takes place each autumn in the UAE as an agenda-setting exercise for the WEF’s big annual meeting in Davos, Switzerland. This year, nearly 700 thought leaders — business people, economists, scientists and policymakers of all ages — are gathering to slug out the raw cerebral content that will be discussed in greater depth at Davos. Not many plain old hacks get to […]

4.0 new-age tech & jobs

Industrial 4.0 new-age technologies are disrupting the jobs around the global. This is likely to have a marginal impact on labour surplus economy like India, where more important concerns are creation of more formal or decent jobs and rising non-standard form of work, which is replacing the limited formal or regular work in the organised sector.

The ‘Future of Jobs Report 2016’, a study by World Economic Forum, first highlighted that Industry 4.0 with new-age technologies such as artificial intelligence, advanced robotics, 3D printing and cloud computing may impact existing jobs & ways of working, particularly the entry-level, low-medium skilled […]

This new approach to tech could bridge your morale dip

This new approach to tech could bridge your morale dip

Businesses need to shift from a model of ‘people supported by technology’ to one of ‘technology supported by people’ to keep up in the intelligent automation (IA) race.

According to new research, this will contribute to making employees happier and more productive.

Professor Ilan Oshri from the University of Auckland Business School participated in a KPMG study that looked at global experiences with IA, which includes artificial intelligence, machine learning and robotic process automation (RPA).Indeed, technology that can make decisions and interact at a “human-like level” is now a part of everyday life, such as virtual bank assistants and CT scans […]