consumption Archives - Page 4 of 38

Harmonising Horizons: The futuristic symphony of automation in 2024

Representative Image Automation refers to the use of technology to perform tasks with minimal human intervention. Here are the different types of automation:

Fixed Automation: In fixed automation, a predefined sequence of operations remains constant and cannot be customised by the user. It is commonly used in the mechanical industry for specific tasks. Think of it as a “set-it-and-forget-it” approach where the system configuration determines the sequence of operations.

Programmable Automation: Programmable automation allows users to modify the sequence of operations based on specific requirements. Users can customise the process by changing the order of steps. It provides flexibility […]

Full Post at organiser.org

AI should improve our well-being, not just our productivity

Design by Hailey Kim. In 1930, John Maynard Keynes, often called the “father of macroeconomics,” predicted that in the next century, people’s increased ability to meet their basic needs would lower the average work week to 15 hours. He could not have been more wrong. Although Americans today work relatively fewer hours than their parents did, they still work hundreds of hours more per day than adults in other developed countries.

The computer and internet boom of the 1990s was followed by increased consumer spending, not by people opting for more leisure. Efficiency improvements, which could have been used to […]

Full Post at www.michigandaily.com

World Consumer Day 2024: Fair and Responsible AI for Consumers -The Case for Automation and Engineering

By Sarath Wijesinghe President’s Counsel (LL.M (UCL London)), former Ambassador to UAE and Israel, former Chairman of the Consumer Affairs Authority, President of the Lanka Ambassador’s Forum – United Kingdom, Solicitor in England and Wales

In the era of rapid technological advancement, Artificial Intelligence (AI) has become an important force driving innovation across various sectors. As we celebrate World Consumer Rights Day 2024, the theme “Fair and Responsible AI for Consumers” urges us to reflect on the ethical and societal implications of AI, particularly in automation, such as automated vehicles, and engineering.
AI’s integration into automation and engineering […]

Full Post at www.lankaweb.com

Tractebel report looks at powering data centres with advanced reactors

Belgium-based Tractebel (part of France’s Engie) and its subsidiary company RED, have published a White Paper on how advanced reactors, including small modular reactors (SMRs), can supply energy to data centre communities. “Powering the 4th Industrial Revolution – Pioneering Data Centre Partnerships with Advanced Nuclear Technology” says data usage and processing are poised to undergo a radical expansion. The 32-page report notes “our ever-growing need for heightened connectivity and Artificial Intelligence (AI) to assist our daily requirements for efficiency, creativity, and automation of repetitive tasks”.

The combined electricity consumption of Big Tech firms is projected to exceed that of some […]

Full Post at www.neimagazine.com

AI will terminate Australia

In his 2019 book. The Technology Trap: Capital, Labour and Power in the Age of Automation, Carl Benedikt Frey covers the history of the Industrial Revolution and how it affected society:

Frey’s argument rests on the distinction between labour-enabling technologies and labour-replacing technologies. As the names suggest, labour-enabling technologies complement workers, boosting productivity and opening up avenues for new employment, while labour-replacing technologies boot workers out of the labour market entirely, forcing them to re-skill or search for other opportunities.

The Technology Trap serves as a timely reminder that while technological change may benefit everyone over the long […]

Full Post at www.macrobusiness.com.au

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 […]

Full Post at typeset.io

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 […]

Full Post at organiser.org

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 […]

Full Post at medium.com

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 […]

Full Post at mitechnews.com

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 […]

Full Post at tradeflock.com