Tag: consumer

Nicholas Carr was right IT died, but was resurrected

Nicholas Carr was right IT died, but was resurrected

Some wounds cut so deep to the heart of one’s identity as a professional, that they never completely heal. Instead, they fester for years and occasionally reopen by random bits of news. By that measure, Nicholas Carr cut into the heart of IT professionals in his seminal paper, IT Doesn’t Matter , arguing that IT had become commodified to the point that it offered little competitive advantage.

Carr was less overtly confrontational in his subsequent book , where he (or his editors) attempted to assuage professional sensitivities by turning the statement into a question. However his fundamental thesis was unchanged […]

RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

Robotic Arm production lines modern industrial technology. Automated production cell. After 15 years of being in the industry and curating some of the best products in robotic automation space, when this California-based RPA company raised $250 million in a fundraising round, it gained major traction for all the right reasons. This was the first ever funding that the company has raised in 15 years and secondly, it set total valuation of the company at a whopping $1.8 billion! What Is Automation Anywhere?

Providing a platform to organisations to build world-class intelligent digital workforces, Automation Anywhere’s enterprise-grade platform uses software […]

Contrary to popular wisdom, automation is not a job killer in U.S. manufacturing

Contrary to popular wisdom, automation is not a job killer in U.S. manufacturing

Most economists oppose President Trump’s trade policies. As I recently argued on this page , it’s not just that he won’t help those hurt by trade. Now, with his sweeping tariffs and escalating trade war, he’s going to hurt those helped by it.

But just because he’s got the solution wrong doesn’t mean there isn’t a problem. Under the assumption that the political pendulum will eventually swing back and very different policymakers will be in charge, what is the policy set that would both tap the benefits of globalization and ameliorate its downside?

One key plank in that platform should be […]

The Impact of Technology on East Asian Economic Prospects

The Impact of Technology on East Asian Economic Prospects

Technology As ASEAN+3 economies pursue growth and resilience a decade after the onset of the global financial crisis, one question looms large: Is technology a boon or bane for these states?

The most advanced economies, such as Japan, Korea, and Singapore, are better-positioned than the rest of the region to face the challenges posed by technology. However, the impact of technology on growth and employment does not materialize in isolation. Rather, it manifests itself in interactions with ongoing changes in the nature of cross-border production and trade and shifts in demographics.

The technology-related challenges that emerge for economies across the region […]

Advancements in technology today reminiscent of 1960s sci-fi films’ vision of the future

Advancements in technology today reminiscent of 1960s sci-fi films’ vision of the future

THE 1960s vision of the future had us all living on lunar plantations and flying to work in spaceships.

Productions like 2001: A Space Odyssey and even the Jetsons displayed the nerdy fascination with the yet-to-come that was so prevalent at the time. 10 Film still from Stanley Kubrick’s Space Odyssey: 2001 Most of it was escapism, and by and large people preferred to focus on getting by day to day and to let the future take care of itself.

But it wasn’t all about space and aliens. Sci-fi writers including Isaac Asimov and Arthur C Clarke dreamed up fantastical worlds […]

Zoe Clapp: AI will not replace us, it will allow us to focus on what matters

Zoe Clapp: AI will not replace us, it will allow us to focus on what matters

I visited the ‘Age of Amazement’ TED conference in Vancouver earlier this year. The conference sees influential thinkers and investors gather in Vancouver to speculate on the future and share thoughts on things that seem right at the edge of current possibility.

Speakers included Kai-Fu Lee, president of Google in China until 2009 and now a venture capitalist. Lee predicted half of all jobs worldwide will be “lost to AI” in the next decade. But he didn’t paint this as a jobs crisis. Instead he views it as a way to secure a better future where people enjoy rewarding jobs […]

How the left must respond to the real automation crisis

How the left must respond to the real automation crisis

One of the prevailing themes of our time is that the robots are coming for our jobs WAGES may be stagnant, conditions may be lousy, job security may be a thing of the past, but the one economic problem we seemingly don’t have right now is unemployment. Indeed, last year it was announced that Britain had its highest proportion of people in work since 1975. Nonetheless, one of the prevailing themes of our time is that the robots are coming for our jobs and that vast swathes of the population are about to be declared redundant.

There is more plausibility […]

Why Don’t American Teens Work Summer Jobs Anymore?

Why Don’t American Teens Work Summer Jobs Anymore?

The number of teenagers who work over summer break has plummeted dramatically over the past 20 years.

In the year 2000, over half of the teenagers in the United States worked some kind of summer job. Last summer, that number was down to 35 percent. According to a new study from the Pew Research Center, the number of teenagers working jobs over summer break has plummeted dramatically over the last 20 years, and it offers a relatively straightforward reason why: the jobs simply aren’t there. And when they are, teens either don’t want them or are getting beat […]

Don’t blame Harley-Davidson for making a smart business decision

Don't blame Harley-Davidson for making a smart business decision

I ride motorcycles. I’m partial to Harley-Davidson motorcycles because I’m from Wisconsin, home of the company’s headquarters, but also because I have fond memories of riding my Harley with many friends, when I was a member of Congress, during the annual Rolling Thunder event in Washington to honor military veterans.

I understand Harley-Davidson’s recent decision to move production of its motorcycles for sale in the European Union to plants outside the United States.

It wasn’t a surprise — that’s what just about any company would do when faced with a 25 percent tariff imposed by the E.U. in response to President […]

Double Your Money with the Best Artificial Intelligence Stock to Buy

Double Your Money with the Best Artificial Intelligence Stock to Buy

Artificial intelligence (AI) is going to change the way we do business, purchase products, and even get around. In fact, AI is already taking over from humans in industries from marketing to banking.

Just think about this. Self-parking cars were last year’s buzz, and now self- driving cars are already being tested. AI is not just for gamers anymore. But the concept is far from new.

ATMs, which allow us to bank remotely without any human intervention at all, now seem like ancient history.Robots already take our food orders at certain restaurants. This week, the first burger cooked and assembled by […]