consumption Archives - Tame the Machine

The Disadvantages and Negative Effects of Artificial Intelligence

Artificial Intelligence (AI) has significantly impacted industries ranging from healthcare to finance, enabling advancements in automation, decision-making, and problem-solving. However, as AI continues to evolve, it brings along several challenges and risks. This article delves into the disadvantages and negative effects of AI, addressing concerns over job displacement, ethical dilemmas, security issues, and more. 1. Job Displacement and Economic Inequality

One of the most prominent concerns regarding AI is its potential to displace jobs. As machines and algorithms become increasingly sophisticated, they are capable of performing tasks that traditionally required human intervention. Automation in industries such as manufacturing, […]

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The Future of Trucking Jobs in the Age of Automation

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The trucking industry stands on the brink of a transformative era driven by the rise of automation. From autonomous trucks to advanced logistics systems, technology is reshaping the landscape of trucking jobs. This shift brings both opportunities and challenges, affecting everything from job security to operational efficiency. As we delve into the future of trucking jobs in the age of automation, it’s essential to understand the implications for drivers, companies, and the broader industry. Companies like HMD Trucking are exploring these opportunities through various roles, as highlighted in home weekly trucking […]

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The world will not be without work because of AI

Representational image | Commons In 1983, Wassily Leontief, a Nobel Prize-winning economist, concluded that human labour would go the way of the horse after the automobile arrived – “first diminished and then eliminated.”

Today, a new wave of doomsaying has emerged surrounding “technological unemployment” as AI, with its promise of business innovation, has marched to the forefront of economic debate. Pundits argue we’re now drifting towards a “ world without work ” where machines produce all things and algorithms provide all services. Outclassed humans serve no role in this macroeconomic dystopia.

As we argue in Shocks, Crises, and False Alarms , […]

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How the future will affect us

Public Services and Procurement Canada is using automation to help with tasks like processing retroactive payments outlined in new collective agreements and leave-without-pay entries, which used to be processed manually by compensation advisors. Getty Images Article content

In the coming years, emerging technologies will profoundly reshape nearly every aspect of human life, influencing how we work, communicate, manage our health, and interact with our surroundings. These innovations promise a future that is more efficient, connected, and personalized, impacting the lives of ordinary citizens in significant ways.

Advertisement 2This advertisement has not loaded yet, but your article continues below.Article contentOne of […]

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Balancing tomorrow’s progress with a prosperous workforce

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August 2024

The Work of the Future: Building Better Jobs in an Age of Intelligent Machines. By David Autor, David A. Mindell, and Elisabeth B. Reynolds, with foreword by Robert M. Solow. Cambridge, MA: The MIT Press, 2023, 188 pp., $22.95 paperback.For decades, technological development has stirred both excitement and fear in the public. In The Work of the Future: Building Better Jobs in an Age of Intelligent Machines , David Autor, David A. Mindell, and Elisabeth B. Reynolds delve into this topic by examining the effects of technological advancements on the […]

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Why AI will not lead to a world without work

Artificial intelligence (AI) is prompting a new wave of technological unemployment fears. Image: Getty Images/iStockphoto A hand holding a looking glass by a lake Crowdsource Innovation Get involved with our crowdsourced digital platform to deliver impact at scale

This article is part of: Centre for the Fourth Industrial Revolution Technology, including artificial intelligence (AI), must be deflationary to have a macroeconomic impact. It can reduce costs and prices and boost real incomes and demand, thereby creating new jobs and offsetting automation-driven losses.

Predictions of technological unemployment have repeatedly proven false, as macroeconomic job creation in new sectors offsets microeconomic […]

Full Post at www.weforum.org

How AI will affect future workforce: Key considerations for shipping

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In today’s rapid world, the convergence of artificial intelligence (AI), reskilling initiatives, and innovative practices is reshaping industries, including shipping, not only enhancing productivity but also promoting inclusivity in the workforce.

Artificial intelligence has emerged as a powerful enabler of reskilling and upskilling programs, revolutionizing the way organizations prepare their workforce for the future. AI-driven platforms can assess individual skill gaps, identify learning patterns, and personalize training content to maximize effectiveness. By leveraging AI, companies can optimize reskilling efforts and ensure that employees acquire the relevant competencies needed to adapt to rapidly evolving job roles. But if we […]

Full Post at safety4sea.com

India’s Growth Stalemate: Breaking Free From The Middle-income Trap

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# Economic growth

Economic growth isn’t just a numerical target; it’s the lifeblood of a nation’s prosperity, writes the author India’s economic growth has been substantial but has fallen short of generating sustained high growth rates necessary to absorb its expanding workforce. This persistent growth gap is the root of the country’s employment crisis. The hope that the manufacturing sector would be a major job creator is diminishing as automation increasingly replaces human labour. *India’s Job Crisis: It’s Not About Numbers, It’s About Growth The prevailing narrative often emphasises job creation, yet the […]

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Schaeffler’s Digitalization Strategy To Boost OEMs’ Productivity

The fusion of automotive engineering and digital technology has been ushering in a new paradigm of not only in mobility but also in the way the vehicles and their parts are produced. Besides, driven by end customers, the vehicle makers are offering several features, which calls for shorter lead times and more variants. Therefore, the automotive suppliers are swiftly switching to digitalisation as agility and being dynamic are key for success. “The core technology that we have in our factories, combined with new technologies like digitalization, will enhance our production system to react faster, to communicate faster, and to […]

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Why do we need AI, why is it becoming an indispensable tool?

Why do we need AI? It’s not just a question – it’s reshaping our world faster than you can say “Hey Siri.”

Artificial intelligence is everywhere these days. It’s in your pocket, helping your phone recognize your face. It’s in your email, sorting out spam. It’s even in your car, making parking easier. AI is like a super-smart helper that never gets tired. But AI isn’t just about making cool gadgets. It’s changing how we work, learn, and live. Doctors use AI to spot diseases earlier. Scientists use it to understand climate change better. Artists use it to create new […]

Full Post at dataconomy.com