Tag: consumer

Man vs Machine: Who will come out on top

Man vs Machine: Who will come out on top

The general rule of gambling is that “the house always wins”. No matter the game, the odds are always stacked in favour of the casino and, according to Investopedia, “for every $1 million bet at the roulette tables…the casino expects to pocket a profit of slightly more than $50,000”. However, that knowledge is paradoxically what drives people back to the table—the odds may be stacked against them, but people will always love to think that they will be the ones who win big. And whether by counting cards or waiting it out for a slot machine that’s ready to […]

Machines could fuel comeback of textile industry in South

Machines could fuel comeback of textile industry in South

ATLANTA (AP) — Machines are transforming the way textiles are produced — and they could fuel a comeback for the Southern textile industry.

Automation and artificial intelligence are revolutionizing the workplace in the United States, as machines perform tasks once done by humans, The Atlanta Journal-Constitution reported .

Now, automated sewing could breathe new life into the South’s garment industry, which has been decimated in recent decades as jobs went to cheaper workers overseas.But it will look a lot different than before.The idea behind one textile manufacturing plant of the future was dreamed up in a one-story industrial building on Atlanta’s […]

Steam engine of our time

Steam engine of our time

If you ask any computer scientist right now, what is the fastest growing field of the industry, they’ll most likely reply ‘Artificial Intelligence’. That’s an expected response because of how rapidly growing and influential this branch of computer science has become. It is part of our lives in ways unimaginable and most of us carry on with our lives, unaware of how much we rely on it.

Applications of Artificial Intelligence are in every field imaginable that is because of the need for automation and that goes back to the core philosophy of how machines work, that is to […]

Machines drive textile industry comeback bid in South

Machines drive textile industry comeback bid in South

Machines dreamed up in a one-story industrial building on Atlanta’s gentrifying Westside will soon begin churning out more than a million T-shirts yearly on American soil.

Up to 24 Sewbots, as they are called, will each spit out a shirt untouched by human hands about every 30 seconds in a new factory.

The fully automated assembly line is a closely watched advance in the U.S. textile industry, taking the final step of turning workers into tenders of a machine that makes the complete product.It turns out the U.S. holds advantages for Suzhou Tian Yuan Garments Co, the Chinese owner of the […]

The Future of Work

The Future of Work

What is it that makes work enjoyable and rewarding for some, while for others it is a torment? Representational pic Do you know anyone who genuinely loves their job, greeting each new work day with focused energy and joyful anticipation? Do you know others who dread going to work, can’t wait for the weekend and cringe at the sound of the alarm clock on Monday morning? What is it that makes work enjoyable and rewarding for some, while for others it is a torment? And why are so many people unemployed or underemployed, living under the constant stress of […]

Rise of the Internet Economy in India – Trends Shaping Digital India

Rise of the Internet Economy in India – Trends Shaping Digital India

Digital Transformation is absolutely necessary for businesses that want to remain competitive, but it is also changing the landscape of work as we know it Opinions expressed by Entrepreneur contributors are their own.

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

The rise of the Internet in the last decade has brought about new business models and market segments that have revolutionized the way in which companies operate today. The nation’s digital economy is poised to undergo explosive growth due to the proliferation of devices, and the Internet economy is predicted to touch the $266 billion mark in 2020, […]

Automation For The People? Ohio Valley At High Risk For Job Losses

Automation For The People? Ohio Valley At High Risk For Job Losses

Amazon employee Andre Woodson made his way among yellow bins traveling through a vast warehouse filled with boxes and envelopes to be packed, sorted and shipped. In Amazon-speak, this is a “fulfillment center.”

“Our Jeffersonville, Indiana, fulfillment center is about 1.2 million square feet, which is equivalent to about 28 football fields,” Woodson explained.

About 2,500 people work here. But looking out across the floor it’s sometimes hard to find a human among the boxes, bins and conveyor belts. Often they’re working closely with the machinery. At a packing station an employee is surrounded by boxes and envelopes of different sizes. […]

Advocates on both sides of minimum wage fight seek common ground

Advocates on both sides of minimum wage fight seek common ground

Local business owners and advocates of raising the minimum wage are struggling to find common ground amid conflicting studies and political posturing.

“This has been a long time coming,” Rep. Robyn Porter, D-New Haven, announced before attending a Labor and Public Employees Committee’s public hearing on a bill that would increase Connecticut’s minimum wage to $15 by 2022.

It’s been roughly five years since Connecticut gradually phased in the $10.10 hourly minimum wage that’s been in effect since 2017.“This legislation … will help bring much-needed revenue back into the state economy by putting more disposable income into the pocket of […]

John Oliver’s Segment on Jobs and Automation Doesn’t Quite Get It Right

John Oliver’s Segment on Jobs and Automation Doesn’t Quite Get It Right

Photo via Wikimedia Commons The popular HBO host makes some good points, but there’s more to the story.

John Oliver tackles some wonky issues on his HBO show, Last Week Tonight. Sunday’s episode was no exception, as he examined a topic very dear to our hearts: Automation.

And Oliver’s bit certainly garnered a lot of attention, with more than 4.3 million views on the show’s YouTube channel alone. But unfortunately, Oliver didn’t quite get it right — and given the host’s incredible reach, it’s important we clarify a few things (even if my seven Twitter followers don’t have quite the same […]

Why Self-Checkout Is and Has Always Been the Worst

Why Self-Checkout Is and Has Always Been the Worst

Photo: Chelsea Beck (Gizmodo)

Automation is often presented as an inexorably advancing force, whether it’s ushering in a threat to jobs or a promise of increased leisure or larger profits. We’re made to imagine the robots rising, increasingly mechanized systems of production, more streamlined modes of everyday living. But the truth is that automation technology and automated systems very often fail. And even when they do, they nonetheless frequently wind up stranded in our lives.

For every automated appliance or system that actually makes performing a task easier—dishwashers, ATMs, robotic factory arms, say—there seems to be another one—self-checkout kiosks, automated phone […]