Robotic automation potential catalyst for jobs growth in Malaysia

Robotic automation potential catalyst for jobs growth in Malaysia

KUALA LUMPUR – Artificial intelligence (AI) and collaborative robots or “Cobots” can potentially increase jobs in the Malaysian economy by spawning new industries, innovations and developments, says Universal Robots (UR), as reported on Bernama.

The Denmark-based cobot technology market leader said if properly deployed, cobots could expand the manufacturing sector’s contribution to the economy, increase the number of high-skilled workers, as well as strengthen innovation and capacity of workers.

“Cobots actually relieve human workers from strenuous and repetitive tasks, so that they can take on better, more exciting roles within the company.“With cobots helping to increase productivity, companies often find themselves […]

Robotic automation potential catalyst for jobs growth in Malaysia

Robotic automation potential catalyst for jobs growth in Malaysia

KUALA LUMPUR (July 13): Artificial intelligence (AI) and collaborative robots or “Cobots” can potentially increase employment in the Malaysian economy by spawning new industries, innovations and developments, says Universal Robots (UR).

The Denmark-based cobot technology market leader said if properly deployed, cobots could expand the manufacturing sector’s contribution to the economy, increase the number of high-skilled workers, as well as strengthen innovation and capacity of workers.

“Cobots actually relieve human workers from strenuous and repetitive tasks, so that they can take on better, more exciting roles within the company.“With cobots helping to increase productivity, companies often find themselves in a position […]

Rapid Change Is Coming to the Service Sector

Rapid Change Is Coming to the Service Sector

Technology and ”industrialization” are reshaping services as they did manufacturing

These days, as a global pandemic decimates jobs and commerce, many of us can’t wait for the economy to get back to normal. But ”normal” — in the business sense, anyway — has itself been a rapidly changing thing in recent years, and the wide array of economic changes underway seem certain to accelerate rather than slow.

In other words, even when the virus is under control, normal is going to look a lot different than it used to.That’s one takeaway from a massive examination of the effect on jobs […]

Jobs that might not exist in 50 years

Jobs that might not exist in 50 years

With more than 40 million Americans unemployed amid the coronavirus pandemic, there are thousands of jobs unlikely to ever return. Whether that’s because businesses will ultimately shutter (or permanently reduce staff) or industries will be reinvented, there are myriad unknowns when trying to chart projections for the economic future of the U.S. economy. A paper released in May 2020 by the Becker Friedman Institute at the University of Chicago projected that 42% of layoffs caused by the pandemic will be permanent .

In addition to fewer jobs being available in certain sectors, other employment sectors as a whole are at […]

How the coronavirus pandemic is shaping the future of work

How the coronavirus pandemic is shaping the future of work

The American workplace is in the midst of unprecedented change that may put a permanent stamp on how companies conduct work for decades to come.

Even before the coronavirus pandemic, companies were experimenting with things like shorter hours and workweeks, as well as remote work. Likewise, digital healthcare is experiencing a boom that will change consumer habits, while the race for talent has become even more competitive with the acceleration of remote recruiting tools and thousands of new job seekers.

“The coronavirus has changed every aspect of the workforce,” says Julie Schweber, senior HR knowledge adviser at SHRM. “[Going forward], employers […]

A Fully-Automated Economy Should Not Be the Goal

A Fully-Automated Economy Should Not Be the Goal

By now, even casual consumers of business news are aware of the emerging maxims regarding “the future of work” in the wake of COVID-19, and the economic and employment shocks it has thrust upon the global economy. The predominant orthodoxy can be summed up as follows: “The robots are here to stay .”

Robotic process automation, and organizations’ abilities to harness the benefits it promises, was already a disruptive economic force before COVID-19. Its benefits were easy enough to define: the reduction of human error, the effective elimination of time-consuming tasks, and higher overall levels of productivity for lower (long-term) […]

Sundin column: Is capitalism sowing the seeds of its own destruction

Sundin column: Is capitalism sowing the seeds of its own destruction

In his treatise, “The Wealth of Nations” (1776), Scottish economist Adam Smith laid the foundations of classical free-market economic theory. He postulated that rational self-interest and competition can lead to economic prosperity for all, and that pursuing our own self-interest unintentionally benefits society as a whole. But he was wary of businessmen and warned of collusion among them forming conspiracies and monopolies to increase prices as high as they could. He further warned that a business-dominated political system would further the interests of business and industry over consumers by influencing legislation. He pointed out that their interests differ from, […]

Where are the robots?

Where are the robots?

Where have all the robots been hiding during the Covid-19 crisis?

For about a decade, we have heard rumors that a new generation of automated technologies have learned to do our jobs. If these tech prophecies were true, robots and algorithms should have been ready to step in during the lockdowns and finally prove that they can work more safely, cheaply, and efficiently than we can. But when Covid-19 gave the stage to automation, people stepped into the spotlight.

Robots aren’t staffing hospitals, stocking shelves at grocery stores, cooking and serving meals, disinfecting bathrooms, delivering packages, driving buses, or educating students. […]

Automation: The Path To Outsourcing 4.0

Automation: The Path To Outsourcing 4.0

Mankind wants to be creative. We want to dream, debate, play, have fun and experience magic in everyday life. Instead, we are stuck with the mundane. We are doing dishes, mopping floors, making utility and credit card bill payments, and buying groceries. Naturally, given we are also inventive, we have automated these dull and boring tasks in the form of washing machines, dishwashers, autonomous vacuum cleaners, standing instructions to our bank accounts to make automated payments, and even have systems to order groceries and essentials without lifting a finger (“Alexa, add an N95 mask to my Amazon cart”). Automation […]

Do we need to work less to save the world?

Do we need to work less to save the world?

Open-plan office with dozens of workers in cubicles Since the pandemic hit, how we work has changed. Some of us have had a double load, doing day jobs alongside full-time childcare. Others have found hours we once filled with urgent deadlines suddenly empty. And then there are those of us for whom going to work every day — stacking shelves, emptying bins, caring for the sick — became not just a job but an act of heroism, applauded by society from balconies and doorsteps.

Philipp Frey of the German Center for Emancipatory Technology Studies says there are lessons to be […]