How the Future Could Shape Your Life; A Glimpse into Tomorrow

How the Future Could Shape Your Life; A Glimpse into Tomorrow

Monday, October 11, 2021 /8.00PM / Iyioluwabomi Onakoya, Proshare research intern/Header Image Credit: BBC Science Focus Magazine

The next decade is shaping an era of technological and intellectual innovation closely resembling the world of science fiction. The future of the global economy will be shaped by the 5 th industrial revolution (5IR), technological advancements, the evolution of money, demographic changes, and the green revolution ( see illustration 1 below ).

Illustration 1: Likely trends shaping the future of the global economy Technology The future of work is bleak for up to 375 million people worldwide who are susceptible to […]

New Century Careers prepares workers for manufacturing jobs of the future

New Century Careers prepares workers for manufacturing jobs of the future

Thelisa is a managing machinist who heard about NCC through her employer. The dramatic and traumatic demise of Big Steel in Pittsburgh left some assuming that manufacturing was dead and the region’s future was dependent on high-tech jobs. That was only half-right.

New Century Careers on the South Side is a nonprofit that trains the next generation of manufacturing workers, whether they’re making steel or robots. And the training is free.

There are actually lots of jobs open in manufacturing right now, and there will be more as older generations retire. Catalyst Connection’s Manufacturing Employment Demand Study projects that 30,000 […]

The Ethics of Artificial Intelligence (AI)

The Ethics of Artificial Intelligence (AI)

Using data annotation on raw data to train artificial intelligence and machine learning tools Humans continue to pose questions about artificial intelligence (AI) and ethics.

Back 1951, when Christopher Strachey launched his AI-driven checkers program at the University of Manchester in England, people were questioning the implications of human-mimicking machines.

Today, depending on who is giving the answer, AI is either the key to driving society toward a peaceful, harmonious future or the biggest potential threat to humankind.We can find examples to support both perspectives in the business world and beyond. But reaching a consensus about the ethical bounds of AI […]

How embracing technology can help SMEs and startups optimise resources and scale

How embracing technology can help SMEs and startups optimise resources and scale

Adoption of modern technologies like cloud, automation, and digitisation will not only raise productivity, but also enable SMEs and startups to grow while optimising available resources.

SMEs are the pillars of not only the Indian economy but the entire world.

According to an estimate by World Bank , SME’s represent 90 percent of global businesses and more than 50 percent of employment. The numbers are growing with each passing year.Similarly startups are not far behind. According to the 2020-21 Economic Survey , the Indian government currently recognises 41,061 startups, of which 39,000 startups have reported 4,70,000 jobs. These numbers clearly signify […]

The important effects of automation on employment- good or bad?

The advancement of machinery in the working world has been commonplace for centuries, dating all the way back to the Industrial Revolution and the pioneering of automation such as steam engines and sewing machines, but it is in recent decades that a fierce debate has emerged about what automation means for the security of employment. The automation of manufacturing jobs has resulted in the loss of millions of jobs worldwide. In 2017, the economic forecaster Oxford Economics predicted that up to 20 million net jobs worldwide could be lost to automation by 2030. Even though the technology involved in […]

The robots are coming, and your job may change — but it won’t disappear

The robots are coming, and your job may change — but it won’t disappear

Two things can be said about human beings: we like building machines, and we tend to freak out about the machines we build.

The Luddites of 19th-century England, an oath-based secret society, looked to the industrial era and saw not liberation but destitution. The most radical among them formed paramilitary groups to raid textile factories and destroy knitting machines and mechanical looms — devices that would replace workers. Their political descendants include the lamplighters of early-20th-century New York who went on strike to protest the advent of electric streetlights, and the switchboard operators of Bloomington-Normal, Illinois, who in the 1930s […]

The robots are coming, and your job may change — but it won’t disappear

The robots are coming, and your job may change — but it won’t disappear

Two things can be said about human beings: we like building machines, and we tend to freak out about the machines we build.

The Luddites of 19th-century England, an oath-based secret society, looked to the industrial era and saw not liberation but destitution. The most radical among them formed paramilitary groups to raid textile factories and destroy knitting machines and mechanical looms — devices that would replace workers. Their political descendants include the lamplighters of early-20th-century New York who went on strike to protest the advent of electric streetlights, and the switchboard operators of Bloomington-Normal, Illinois, who in the 1930s […]

Why 300,000 new RMG jobs mask a grave reality about employment growth in the sector

Why 300,000 new RMG jobs mask a grave reality about employment growth in the sector

Economists argue that increased adaptation of automation in the RMG industry may be one of the reasons behind the slow recovery in terms of job loss.

Approximately 250 factories in Bangladesh are meeting the demands for their orders using automation and technology. Photo: Mumit M/TBS. It was recently reported that increased orders from the European Union, as well as the US, have created 300,000 jobs in the RMG sector. Everyone appreciated the good news and some argued that it was a sign of economic recovery.

The reality, however, is not as simple, and there is always more to […]

Do we need humans for that job? Automation booms after COVID-19

Do we need humans for that job? Automation booms after COVID-19

Baylee Bowers works on her computer after ordering and paying for her meal using her cellphone at Bartaco in Arlington, Va., on Thursday, Sept. 2, 2021. The restaurant uses an automated app for ordering and payments. Instead of servers they use “food runners” to get orders to tables. Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line cooks.

“It doesn’t call sick,” said Amir Siddiqi, whose family installed the AI voice […]

Three Innovations Transforming Supply Chain Management

Three Innovations Transforming Supply Chain Management

Artificial Intelligence and Big Data Analytics are having a significant impact on supply chain management. Data processing automation allows supply chain managers to access massive amounts of data in real-time and make better decisions based on that data.

Fremont, CA: Supply chain operations are rapidly changing as technological solutions such as artificial intelligence, autonomous robotics, and RFID are integrated. Logistics has never been faster or more efficient than it is now, thanks to technology integration. The application of technology to supply chain management has drastically altered the way firms function. Here are three innovations transforming supply chain management:

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