Tag: employment

Impact of AI, Robots, and Automation on Jobs: Tracking the “Hyperbole Cycle”

Impact of AI, Robots, and Automation on Jobs: Tracking the “Hyperbole Cycle”

I’ve been noticing how articles about how AI, robots, or automation will impact the future job outlook all seem to reuse the same terms, like “disrupt”, “steal”, or “threaten”. The thesaurus has only so many terms to go around I suppose. I got to wondering which terms were most popular, and then how they’ve changed over time.

So I ran some queries on Factiva. Factiva is a business information and research tool owned by Dow Jones & Company. My goal was not as much sentiment tracking as it was hyperbole tracking. By hyperbole I mean the breathless, panicky articles that […]

Robots already taking over UK jobs, finds research

Robots already taking over UK jobs, finds research

Travel agents and translators on the decline, while nail technicians are in demand Almost two thirds of the fastest declining job roles in the UK are dropping due to automation, according to analysis by job search engine Adzuna .

Adzuna’s comprehensive report, entitled ‘The Start Of The Curve’, identifies reasons behind the drop in demand for the fastest declining roles around the UK, with 13 of the 20 steepest decliners seeing the effects of automation.

The in-depth study, which quantifies the impact to date of technological advancement and increasing automation on the UK job market, analysed over 79 million UK job […]

‘Smart factories to add $500bn to global economy by 2022’

'Smart factories to add $500bn to global economy by 2022'

Manufacturers expect their investments in smart factories to drive a 27 per cent increase in manufacturing efficiency over the next five years which would add $500 billion in annual added value to the global economy, according to a recent report . A smart factory makes use of digital technologies like Internet of Things, artificial intelligence and more.

Smart factory features include collaborative robots, workers using augmented reality components and machines that send alerts when they need maintenance.

By the end of 2022, manufacturers expect that 21 per cent of their plants will be smart factories, says the report conducted by Capgemini’s […]

Smart Factories expected to add $500 billion to global economy in next five years

Smart Factories expected to add $500 billion to global economy in next five years

Capgemini has announced that manufacturers expect their investment in smart factories to drive a 27 percent increase in manufacturing efficiency over the next five years, adding $500 billion in annual added revenue to the economy.

This research, results of which were released today by the consulting, technology, and outsourcing services company’s Smart Factories report , shows that hopes about the inevitable Digital Industrial Revolution are high. Smart factories make use of IoT, Big Data, AI, and advanced robotics to increase productivity, quality, and flexibility; by the end of 2022, manufacturers expect that 21 percent of their sites will be smart […]

Why Robots Won’t Be Coming for All Our Jobs

Why Robots Won’t Be Coming for All Our Jobs

I’ve had robots on my mind recently, and not in a “Wow, robots will make my life so much easier!” kind of way. More like, “Aaagh! Robots are coming to take the jobs of people in their 50s and 60s!”

The alarm bells rang furiously at a Milken Institute Global Conference panel I recently saw in Los Angeles (“I, Worker: Employment in the Age of Robots). And I just received a new book with the foreboding title, The Robots Are Coming , by John Pugliano, founder and money manager of Investable Wealth.

You may have heard some of the dire forecasts […]

Employment: make way for the robots

Employment: make way for the robots

Two thirds of the UK’s fastest declining professions caused by automation

Travel agents and translators on the decline, while nail technicians are in demand

Adzuna study found the wider impact of automation, as predicted by widely reported Frey & Osborne study, is yet to take root Almost two thirds of the fastest declining job roles in the UK are dropping due to automation, according to analysis released today by job search engine Adzuna . Adzuna’s comprehensive report, “ The Start Of The Curve” , identifies reasons behind the drop in demand for the fastest declining roles […]

On Process, Automation, Jobs & Social Unrest…

I grew up steeped in the concepts of the “differential diagnosis” at the dinner table. Both of my parents were physicians – at a time when this was a true rarity – and they applied the concept to solving pretty much everything. Consider the observed evidence. Determine fact versus speculation. Generate a hypothesis. Narrow the array of possible answers by elimination. Loop again and again. Evaluate the answer you generate afterwards. This family meme generates a tendency to talk things through out loud – not great for cocktail party conversation, but pretty good for solving problems.

This hypothetico-deductive approach can […]

Here’s why this former CEO of IT company is worried for young Indian engineers

Here's why this former CEO of IT company is worried for young Indian engineers

Organisations aren’t employee-centric anymore, they are viewing them as resources — as use and throw. India’s outsourcing industry is facing a crisis of identity. Clearly, any industry with the same old proposition dies a quick death. Starting with Y2K, the industry went through three clear cycles (engineering services or R&D outsourcing, remote infrastructure management and BPO) and we kept getting new ways to drive growth. However, now the industry is stalling, and unless there is a new product that is competitively priced, the industry will not grow. Due to economic slowdown in its target markets, the IT industry answered […]

Why isn’t the US job market more dynamic?

Why isn’t the US job market more dynamic?

There’s no doubt automation is affecting the US job market. It always does. For instance: US manufacturing output rises as employment falls , thanks in part to more and more capable machines helping humans become more productive. And automation is a key contributor to job market polarization. Jobs are created at the top and bottom but not so much in the middle. Machines have been replacing humans in middle-skill jobs that involve performing “routine, codifiable tasks,” as explained by economist David Autor .

But acknowledging those impacts is a lot different than claiming that the rise of the robots is […]

Layoffs in IT sector

Layoffs in IT sector

(Picture used for representational purpose only) The Information Technology industry in India is in the process of laying off thousands of its employees. The sector that symbolises the emergence of new India is expected to show the doors to over half a lakh employees thus fuelling a sense of despair in the Indian middle class that saw in it a hope and aspiration for their youth.

The industry circles attribute this to two reasons – the trend of automation and the protectionism pursued by the new dispensation in US.

Though these factors cannot be ruled out for the current jolt in […]