Tag: consumption

Can fake economies create real jobs? EVE Online CEO Hilmar Veigar Pétursson talks cryptocurrency, blockchain

Can fake economies create real jobs? EVE Online CEO Hilmar Veigar Pétursson talks cryptocurrency, blockchain

Image: Supplied There’s never been a better time to try to build a perpetual jobs machine.

There are currently about 13 million working people in Australia, and an estimated 3 million jobs set to be lost to automation by 2030 .

Over in the USA, democratic presidential candidate Andrew Yang has warned that automation will continue improving efficiency, cutting costs, killing jobs and hollowing out the economic backbone of America, starting from the centre of the country and moving outwards. His plank is a universal basic income (UBI) scheme to counter the impending tidal wave of mass unemployment.In addition to […]

Future Automation

Great for the robots, but what about people?. The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills. Universal Basic Income may be our only way out. 133, Sector No. Learn about Azure Automation, a cloud automation service for process automating those long-running, error-prone, frequently repeated tasks with Windows PowerShell. In this talk about the future of work, economist David Autor addresses the question of why there […]

‘Robotic process automation is the beginning, expect further disruption in technology and services’

‘Robotic process automation is the beginning, expect further disruption in technology and services’

White collar automation has been happening for a very long time. Robotics is a cool name for efficient software that has led to the creation of a new stream called Robotics Process Automation (RPA). RPA eliminates mundane and tedious tasks freeing workers to focus on higher value work. Since the 4-5 years of its evolution, RPA is now the buzzword for CTOs and CFOs as it delivers 30-40 percent savings and operational efficiency in the first year of adoption and continues to improve efficiencies thereafter. Some of the leading industries adopting RPA in the West are financial services, healthcare […]

Why You Don’t Hear Trump or Farage Talking About the Tech Revolution

Why You Don’t Hear Trump or Farage Talking About the Tech Revolution

This week’s nightmare is the arrival of Boris Johnson; the autumn brings the Brexit watershed. Soon after, the 2020 US election takes shape, compounding the sense that politics everywhere is in a state of complete unpredictability. All that is clear, perhaps, is that the forces gathered around Brexit, Donald Trump and the various brands of European populism still think things are going their way .

For some people, everything comes down to the failures of neoliberalism and its inbuilt globalisation, and the long aftershocks from the crash of 2008. Others, with very good reason, focus on racism and bigotry, and […]

Why you don’t hear Trump or Farage talking about the tech revolution

Why you don’t hear Trump or Farage talking about the tech revolution

This week’s nightmare is the arrival of Boris Johnson; the autumn brings the Brexit watershed. Soon after, the 2020 US election takes shape, compounding the sense that politics everywhere is in a state of complete unpredictability. All that is clear, perhaps, is that the forces gathered around Brexit, Donald Trump and the various brands of European populism still think things are going their way .

For some people, everything comes down to the failures of neoliberalism and its inbuilt globalisation, and the long aftershocks from the crash of 2008. Others, with very good reason, focus on racism and bigotry, and […]

Why Are Politicians Looking At Universal Basic Income?3 min read

Why Are Politicians Looking At Universal Basic Income?3 min read

In a 2018 poll, nearly half of Americans supported the idea of a Universal Basic Income program. This model that was created in hopes to increase equality and reduce poverty has been gaining popularity over time, dating back as early as 1516 with Thomas More’s ‘Utopia’ philosophy. Following More’s ideas on the benefits of a minimum income, Thomas Paine proposed a plan in 1796 to provide a basic endowment for all adults over 21 years of age. And if those names don’t ring a bell, in 1967, Martin Luther King Jr. was convinced that a guaranteed income is a […]

‘Cruel changes’ ahead as automation comes for employment, Forrester says

'Cruel changes' ahead as automation comes for employment, Forrester says

Credit: Adobe Stock Dive Brief:

By 2030, automation will cut jobs by 29% while contributing as little as 13% to job creation, according to Forrester’s Future of Work report .

Automation will disproportionately impact digital laggards because non-digital workers will be unable to upskill at the rapid pace of change, according to the report. Companies already have a portfolio of intelligent technologies used for automation, though right now the use cases are fragmented and small. Eventually automation will stretch further into new use cases, risks and rewards, according to the report. Designed for 60-second consumption, the CIO Dive newsletter […]

Technology, Automation, and Employment: Will this Time be Different?

Technology, Automation, and Employment: Will this Time be Different?

Technology, Automation, and Employment Western societies have exhibited a continuing worry that automation, particularly automation associated with artificial intelligence, will lead to massive unemployment and the impoverishment of large segments of society. In different epochs, technological change has triggered concerns and social protests. Those concerns date back to the early stages of the industrial revolution and the use of coal-fired weaving machines to automate textile manufacturing, and they continue through to the present-day and adoption of computerized algorithms that “learn” how to automate tasks through the use of data-driven “machine learning.”

In fact, the history of automation affirms that concerns […]

How digital technology could redefine Canada’s economy

How digital technology could redefine Canada’s economy

With foresight, perhaps we can better understand the challenges and opportunities digital technologies present and play a role in shaping our futures.

Digital technologies are changing not only what happens in our economy, they are also changing its fundamental character. At this moment, a 3D printer is producing a human replacement organ using a digital model and the patient’s own cells. As you read this, iron ore is being extracted from a mine in Australia by autonomous machines supervised by a small crew of people more than a thousand kilometres away. While you slept last night, an architectural engineer […]

5 trends defining the future of retail

5 trends defining the future of retail

Shutterstock elenabsl Chinese online retailer JD.com recently launched the first fully automated warehouse, where only four employees are needed to do work that previously required 400. Forty German supermarkets tested using facial recognition technology to serve personalized advertisements to customers waiting in checkout lines. Two hundred ninety companies have committed to ensure 100 percent of their plastic packaging can be reused, recycled or composted by 2025.

As the signals of change above show, retail is changing in complex ways, and the future will look quite different from today. We need to prepare for new challenges — such as job loss […]