Tag: consumer

Like It or Not, Automation Is Coming

Like It or Not, Automation Is Coming

Credit: Getty Images More than a century ago, the great composer John Philip Sousa worried about the future of his profession. He feared that a new invention, the record player, would render obsolete “the ennobling discipline of learning music,” putting professional musicians out of work. Sousa’s works have stood the test of time, but judging by the hundreds of music schools and tens of thousands of full and part-time musicians in America, his prediction has not.

Fear of technological progress is as old as technology itself, especially when it comes to its effect on employment. That is exactly what we […]

Say Hello to the Robo Worker

Say Hello to the Robo Worker

Illustration by Tanmoy Chakraborty MORE FROM THIS SECTION

Right from when I started working with the government in 1956, the approach has been that India must adopt labour intensive methods in manufacturing industries. The logic was that our large population and abundance of low-cost labour would help us manufacture goods at low cost. Quite predictably, labour unions opposed any form of automation or use of technology in factories that would lead to additional jobs not being created.

Everyone is aware that manufacturing in India has stagnated at 15-16 per cent of GDP while some of the bigger countries in […]

Robots Could Make Work Harder for Employees

The rise of e-commerce has led to the development of technology designed to boost productivity and enhance worker safety. However, according to a new study by researchers at the University of Illinois, there are also some drawbacks to the emerging technology. Although artificial intelligence (AI) may not leave warehouse workers jobless, it could make their jobs harder.

Warehouse Work Automation
Online retailers have changed the marketplace, allowing consumers from all over the world to purchase goods online and have them delivered to their door. Over the last few years, this burgeoning field has caused a steady increase in U.S. warehouse […]

Automation and the working class

Automation and the working class

Difference engine According to one account in 2013, 47% of jobs in the USA risk being automated away within “a decade or two”.[1] That prospect has been interpreted as utopia or as dystopia. The near future will be one of networked individuals freed from drudgery by automation, and able easily to get what they want to consume and to undermine all hierarchies. Or: only a techno-elite will retain employment and wages. The rest of us will be reduced to a new pauper class vegetating on “universal basic income” handouts.

Further research has queried the projections. Many tasks can be automated, […]

What a Business AI Ethics Code Looks Like

By now, it’s safe to say that artificial intelligence (AI) has established itself in the mainstream, especially in the world of business. From customer service and marketing, to fraud detection and automation, this particular technology has helped streamline operations in recent years.

Unfortunately, our dependence on AI also means that it holds so much of our personal information – whether it’s our family history, the things we buy, places we go to, or even our favourite songs. Essentially, we’re giving technology free access to our lives. As AI continues to develop (and ask for even more data), it’s raising a […]

The changing nature of work

The changing nature of work

As technology advances, firms adopt new methods of production, markets expand, and societies evolve. Firms rely on new technologies to better use capital, overcome information barriers, outsource, and innovate. Workers, firms, and governments are building new comparative advantages as conditions change. For example, by being the first to adopt 3-D technologies, Danish firms strengthened their hold on the global market for hearing aid products in the 2000s.

The Indian government invested in technical universities across the country, and subsequently India became a world leader in high-tech sectors. By integrating into global value chains, Vietnamese workers developed their foreign-language abilities, building […]

The changing nature of work

The changing nature of work

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Features As technology advances, firms adopt new methods of production, markets expand, and societies evolve. Firms rely on new technologies to better use capital, overcome information barriers, outsource, and innovate. Workers, firms, and governments are building new comparative advantages as conditions change. For example, by being the first to adopt 3-D technologies, Danish firms strengthened their hold on the global market for hearing aid products in the 2000s.

The Indian government invested in technical universities across the country, and subsequently India became a world leader in high-tech sectors. By integrating into global value chains, Vietnamese workers developed […]

Global Teleoperation & Telerobotics Industry Report, 2019-2024 – Industrial Robotics Remains the Key Area of Focus

Dublin, Jan. 03, 2020 (GLOBE NEWSWIRE) — The "Teleoperation and Telerobotics: Technologies and Solutions for Enterprise and Industrial Automation 2019 – 2024" report has been added to ResearchAndMarkets.com’s offering.

This report evaluates the emerging role of teleoperation and tele-robotics in the era of Industry 4.0.

The report analyzes the impact of teleoperation and tele-robotics solutions in different industry verticals and technology sectors. The report also provides market forecasts for IIoT teleoperation and tele-robotics systems, services, and solutions. The report also evaluates the role of Digital Twin technology in teleoperation and tele-robotics.Teleoperation represents the ability to operate equipment or a machine from […]

Mckinsey robotics

The Impact of Robots on Productivity, Employment and Jobs_updated 2018 (206 KB ) Mar 10, 2018 · As Robots Threaten More Jobs, Human Skills Will Save Us. While many today remain focused on the implications of the digital revolution and its impact on customer expectations and behavior, new opportunities are also emerging. One such technological innovation – robotic process automation (RPA) or robotics – is changing the way that banks, insurers and capital markets firms execute basic processes. The McKinsey Global Institute analyzed the work activities of more than 800 occupations in the U. For example, 3- Exhibit 1. […]

Future Of Work: Will The Concept Of A ‘Job’ Be Destroyed By The Fourth Industrial Revolution?

Future Of Work: Will The Concept Of A ‘Job’ Be Destroyed By The Fourth Industrial Revolution?

An interview with Doris Viljoen, Senior Futurist at the Institute for Futures Research and USB-ED, on how jobs and processes will change during the fourth industrial revolution. The world of work is changing at lightning speed, with many referring to it as the fourth industrial revolution.

Technologies such as artificial intelligence and machine learning are automating routine tasks, and taking over human jobs.

In an interview with Allwork.Space, Doris Viljoen, Senior Futurist at the Institute for Futures Research and USB-ED, explained how people can prepare for these changes and which skills will be crucial for success in […]