Tag: consumption

The Impact of Automation on Employment: Just the Usual Structural Change?

The Impact of Automation on Employment: Just the Usual Structural Change?

The impact of automation on employment is not the "end of work" but rather a usual structural change . Studies have shown that while there may be job displacement in certain sectors due to automation, it is compensated by job creation in other sectors, including newly created labor-intensive sectors . The introduction of robotics and AI may affect employment in "applying" sectors, but job creation in "making" sectors and complementary sectors helps to balance the overall employment shifts . Research has also highlighted the importance of technological innovation for economic progress and the need for social programs to alleviate […]

The Rise of Industry 5.0: A Revolution Focused on Humans and Technology Synergy

The Rise of Industry 5.0: A Revolution Focused on Humans and Technology Synergy

Representative Imgae

Wondering what it’s all about, I am referring about Industry 5.0. While companies and whole industries are still in the middle of Industry 4.0, the next revolution is already well on its way—Industry 5.0.

The concept of Industry 5.0 is a relatively new one. According to the European Union, Industry 5.0 “provides a vision of industry that aims beyond efficiency and productivity as the sole goals, and reinforces the role and the contribution of industry to society.” and “It places the wellbeing of the worker at the center of the production process and uses new technologies to provide […]

THE POWER OF ARTIFICIAL INTELLIGENCE, EXPLORING ITS IMPACT AND POTENTIAL

THE POWER OF ARTIFICIAL INTELLIGENCE, EXPLORING ITS IMPACT AND POTENTIAL

THE POWER OF ARTIFICIAL INTELLIGENCE, EXPLORING ITS IMPACT AND POTENTIAL

Pleasing Brook

· Follow 16 min read·Just now– The power of Ai The world of technology is constantly evolving, and Artificial Intelligence (AI) is at the forefront of this revolution.As our society becomes more dependent on technology, AI has become an increasingly important tool for businesses, researchers, and governments alike.AI has the potential to transform the world as we know it, but it also raises important ethical considerations and concerns about privacy. In this post, we will explore the power of AI, its impact on our lives, and […]

Unraveling The Future Of Business Technology: IoT And Automation

Unraveling The Future Of Business Technology: IoT And Automation

Have you ever stopped to think about how our workplaces are becoming more intelligent with each passing day? It’s truly fascinating to witness the magic of IoT and automation at work. These two technological wonders are revolutionizing the way businesses operate. This blog post will discuss the future of business technology. What Are These Smart Business Buildings?

Imagine this: your office is more than a space but a genius in disguise. It features lights that intuitively respond to your needs, heating that wraps you in warmth like a comforting embrace and security measures that’re as reliable as your loyal […]

The Rise of Home Automation: Transforming Living Spaces with Smart Devices

The Rise of Home Automation: Transforming Living Spaces with Smart Devices

From traditional mud or thatch homes to modern technology-equipped homes, we have come a long way in the 21st century. Whether it is a traditional or modern home, safety is paramount in every home, thanks to advanced technology and automation that offer an array of security solutions. From smart locks to surveillance cameras and motion sensors, home automation is becoming ubiquitous, giving us the bandwidth to monitor what goes on in the house using gadgets such as smartphones, laptops, or desktops.

The IT Magnate Bill Gates has one of the smartest homes in the world with the latest elements of […]

Schneider Electric Integrates Hailo Technologies’ AI Processors to Improve Edge AI Capabilities

Schneider Electric , a supplier in the digital transformation of energy management and automation, announced a technology collaboration with Hailo Technologies , an Artificial Intelligence (AI) chipmaker, to integrate Hailo’s advanced processors within Schneider Electric solutions, thus improving its Edge AI Capabilities. AI offers significant benefits in enhancing the performance, efficiency, and capabilities of industrial automation systems, allowing industries across all segments to better position themselves for the future.

Edge AI processors with low-power consumption enable real-time, high-accuracy data analysis at the edge, increasing the intelligence and efficiency of industrial automation solutions By integrating the Hailo-8 AI processor within its […]

AI and Automation: Reshaping the Workforce and Consumption

AI and Automation: Reshaping the Workforce and Consumption

As we plunge deeper into the digital age, factories are beginning to operate in darkness, devoid of human presence, where machines tirelessly produce goods in an environment unfit for their human counterparts. Machines don’t require light to see or climate control to operate efficiently, marking a stark contrast to traditional production environments. The future of work is being reshaped by automation and artificial intelligence (AI), a vision that has slowly been materializing over the past few decades. Prominent figures such as the late leadership expert Warren Bennis have humorously suggested that the workforce of the future could consist solely […]

What will we do after the end of work?

What will we do after the end of work?

Visitors tour the industrial robot exhibition area at the 2023 World Intelligent Manufacturing Conference in Nanjing, China, on December 6, 2023. Future Publishing (Future Publishing via Getty Imag) In some factories, all work is done in the dark. There is no heating or air conditioning, because no machine has ever complained about the cold. Robots complete the entire production process, presaging a future of automation . “The factory of the future will have only two employees, a man and a dog,” quipped the American writer Warren Bennis, a pioneer in the field of business leadership, in his book On […]

On Dominique Routhier’s With and Against: The Situationist International in the Age of Automation

On Dominique Routhier’s With and Against: The Situationist International in the Age of Automation

Cover of the journal Atomes, October 1956 Guy Debord mentions automation only once in The Society of the Spectacle , in a short thesis tucked into the book’s second section, “The Commodity as Spectacle.” And yet it is hard not to think that the claim he makes in this compact passage is a crucial one, underpinning the construction of the book’s celebrated central concept. “With automation,” he writes, “the world of the commodity must come to terms with the following contradiction: the technical infrastructure which objectively suppresses labor must at the same time preserve labor as a commodity, and […]

Will AI replace humans? This is not possible as per market dynamics

Will AI replace humans? This is not possible as per market dynamics

Will AI replace humans? This is not possible as per market dynamics There’s no need to fret about AI replacing jobs. Instead, it will redefine the concept of employment, adapting to the changing landscape.

This is an exclusive article series conducted by the Editor Team of CIO News with Akhil Damodaran, Dean Undergraduate Business School at IILM University and CEO of Elteridium.

The rise of AI has been nothing short of remarkable, from the early days of chatbots to the more recent ChatGPT. As we head into uncharted territory with AI becoming an integral part of our […]