Tag: employment

The Future of Work will be exploding with opportunity and imploding and dying at the same time

The Future of Work will be exploding with opportunity and imploding and dying at the same time

A paper by MIT’s David Autor and Utrecht University’s Anna Salomons determined that overall automation created more jobs than it destroys over 47 years of data from 28 industries in 19 countries. This will likely be the case in the future as well, but it will be tough for people to scramble for the new work. The new work will also likely pay somewhat less.

The future of work will see both faster growth and more rapid decline. Areas will be exploding with new opportunity or rapid implosion and job death.

A Brookings Institute study has found that from 1970-2007 […]

Machines might take jobs–they can also help train us for new ones

Machines might take jobs–they can also help train us for new ones

Nearly half of all jobs that exist today could become automated over the next several years. Even workers in roles that robots will not be able to master will likely see their jobs change as smart technology firmly integrates into the workplace. Nobody can predict exactly how intelligent machines will change the world of work for humans–or how people’s jobs will evolve based on the introduction of automated counterparts. Many questions remain, but one thing is clear: the future of work will be different–and workforces will need to learn different skills to embrace a shared future with technology.

Meanwhile, there’s […]

MOOCS – Bridging the Skills Gap Between Employers and Employees

MOOCS – Bridging the Skills Gap Between Employers and Employees

To cope with the current workforce needs and culture, employers are seeking employees who are skilled in Artificial Intelligence, Robotics, and Big Data. This is a skill set that most Indian colleges and universities do not include in their curriculum.

The World Economic Forum has already predicted that Artificial Intelligence (AI) and robotics will take away more than 5 million jobs by 2020. In addition to the rising threat of automation and machine learning, increasingly competitive job market is making the lives of employees no easier. The dynamics have changed considerably, and having a college degree no longer guarantees […]

The intelligent enterprise and the COO of the future

The intelligent enterprise and the COO of the future

By Mehmood Khan, Chief Operating Officer at SAP Africa

NAIROBI, Kenya – Recent advances in computational capabilities and the evolution of exponential technologies such as AI, machine learning, IoT, big data and predictive analytics all built on powerful cloud platforms have heralded the rise of the Intelligent Enterprise.

This is creating exciting opportunities and new challenges for COOs, who are currently tasked with building the organisational infrastructure that will enable exponential organisational strategy.The rise of exponential technologies is pushing organisations into a self-running future where machine learning, AI, predictive analytics, IoT and robotic process automation increasingly substitute or augment human […]

India Must Re-Skill Workforce To Keep Up With AI, Says Kris Gopalakrishnan

India Must Re-Skill Workforce To Keep Up With AI, Says Kris Gopalakrishnan

Infosys co-founder Kris Gopalakrishnan this week reiterated what most tech giants have been saying all along — that artificial intelligence is not a direct threat to human jobs, but reskilling employees is crucial to advancement.

“India has a major challenge of transitioning its young workforce to the fourth industrial revolution called AI after the eras of agriculture, manufacturing and services… As the large workforce is engaged in diverse occupations such as agriculture, manufacturing and white-collar jobs in the services sector, it needs to be re-skilled to sustain the jobs, as AI will replace traditional jobs,” said Gopalakrishnan in an interview […]

Automation: Benefits and Employment

Automation is a force beyond our comprehension and will have a global impact like nothing else we have ever seen. This is not to say that it is altogether a new idea. Decades ago, science minded dreamers from around the globe would paint philosophical dreamscapes that portrayed a world built on the backs of human ingenuity.

Starting in the early 20th century, automation introduced itself to the world in the form of massive materials factories that could speed up the productivity of workers and create form perfect products for mass consumption. These behemoths of the old world have become standard […]

Is Artificial Intelligence a threat to your Job?

Is Artificial Intelligence a threat to your Job?

New technologies bring innovations, in business, and change the course of the work being done. But does a technical revolution bring shift in employment patterns too?

The Industrial Revolution which began in the 18th century was a transition to new manufacturing processes characterised by new inventions. The industrial revolution effectively increased the output levels and also saw improved systems of transportation, communication and banking. But the Industrial Revolution also took some key sacrifices, the change destroyed traditional jobs, but it also created new ones. The technology of the Industrial Revolution helped in discoveries of the modern industrial marvels and gave […]

The Impact of Technology on East Asian Economic Prospects

The Impact of Technology on East Asian Economic Prospects

Technology As ASEAN+3 economies pursue growth and resilience a decade after the onset of the global financial crisis, one question looms large: Is technology a boon or bane for these states?

The most advanced economies, such as Japan, Korea, and Singapore, are better-positioned than the rest of the region to face the challenges posed by technology. However, the impact of technology on growth and employment does not materialize in isolation. Rather, it manifests itself in interactions with ongoing changes in the nature of cross-border production and trade and shifts in demographics.

The technology-related challenges that emerge for economies across the region […]

Advancements in technology today reminiscent of 1960s sci-fi films’ vision of the future

Advancements in technology today reminiscent of 1960s sci-fi films’ vision of the future

THE 1960s vision of the future had us all living on lunar plantations and flying to work in spaceships.

Productions like 2001: A Space Odyssey and even the Jetsons displayed the nerdy fascination with the yet-to-come that was so prevalent at the time. 10 Film still from Stanley Kubrick’s Space Odyssey: 2001 Most of it was escapism, and by and large people preferred to focus on getting by day to day and to let the future take care of itself.

But it wasn’t all about space and aliens. Sci-fi writers including Isaac Asimov and Arthur C Clarke dreamed up fantastical worlds […]

Automation, AI and the future of jobs

Automation, AI and the future of jobs

Will automation, AI and robotics mean a jobless future, or will their productivity free us to innovate and explore? Is the impact of new technologies to be feared, or a chance to rethink the structure of our working lives and ensure a fairer future for all? On googling ‘will a robot take my job?’ I find myself on a BBC webpage that invites me to discover the likelihood that my work will be automated in the next 20 years. I type in ‘editor’. “It’s quite unlikely, eight per cent” comes back. Quite reassuring – but, coming from a farming […]