Office jobs, once considered largely shielded from AI, are threatened – and faster than many people imagined they might be Humans already work alongside robots in industries such as manufacturing. Now, for knowledge workers, the threat of AI replacement is coming faster than they imagined.
In early 2023, OpenAI’s ChatGPT ushered in a new era – one in which artificial intelligence went from a pipe dream to a very real, contentious issue for workers. The stakes are high: an April report from Goldman Sachs estimates ChatGPT, and other similar generative AI tools, could increase global GDP by as much […]
Chris Luoma, Senior Vice President and Chief Strategy Officer, GHX Advancements in medical technology have increased the demand for surgical implants. These implants, such as artificial joints and heart valves, pacemakers, ventricular shunts and cochlear implants, have revolutionized how doctors treat patients, helping them live better, more fulfilling lives.
The implantable device market is projected to reach $166.3 billion by 2032. Although this growth is exciting, it also highlights the need for healthcare to transform digitally.
Implant orders currently account for approximately 10 percent of all purchase orders, representing 40 to 60 percent of supply chain spend. Today, only a tiny […]
A data-driven network model can be used to study occupational mobility and automation by analyzing how workers transition into new jobs in response to automation scenarios. The model takes into account the network structure of occupational mobility and its impact on unemployment levels    . At a macro level, the model reproduces the Beveridge curve, a key stylized fact in the labor market, providing insights into its counter-clockwise cyclicality   . At a micro level, the model provides occupation-specific estimates of changes in short and long-term unemployment corresponding to automation shocks . The network structure plays […]
Apprentices Colin Paul (Left) and Patrick Hooper (Right) work on robotic welding at the Gakuto Club training facility in Wheeling, IL The manufacturing landscape is rapidly changing. As we stand on the cusp of Industry 4.0, the demand for a highly skilled, adaptable workforce is more pronounced than ever. Enter Gakuto Club, a 501(C)(3) nonprofit training center focused on providing affordable and accessible STEM workforce education to students and adults, regardless of socioeconomic background.
As a testament to its mission statement, Gakuto Club has recently launched the Gakuto Club Apprenticeship Program – with a series of stackable credentials that demonstrate […]
Date: 04 June
Manufacturers in the UK are experiencing a monumental shift in the way they operate. The advent of automation and robotics is not just a buzzword; it’s a fundamental revolution that is reshaping how goods are produced, processed, and delivered to the market. While the promises of increased efficiency, reduced costs, and improved quality are enticing, the road to embracing these technologies is not without its hurdles.
This summit is dedicated to exploring the rapidly evolving landscape of automation and robotics in the manufacturing industry, and more importantly, addressing the challenges that manufacturers face in this […]
Artificial intelligence from the perspective of workers and CEOs
maria clara s. scheffel
· Follow 5 min read·2 hours ago–We’ve all had that moment when we wanted to watch a movie but didn’t know what to choose. The right choice is crucial because it ensures viewership, guaranteeing that we’ll continue paying for our Netflix subscription, which generates recurring financial income for the platform. For us, it ensures entertainment. However, good recommendations are only possible because Artificial Intelligence tracks our behavior on the video platform.This is why streaming services like Netflix use Artificial Intelligence to make recommendations. On Wikipedia, […]
The big question about Artificial Intelligence, other than whether it will destroy human civilization , is the effect it will have on employment. Large language models already seem poised to automate large fractions of the work in certain industries , and the technology is only getting more capable.
There are, broadly, two schools of thought about this issue, what we might call the optimists and the pessimists. The optimists note that we’ve been automating work for hundreds of years, and it has yet to result in sustained, large-scale unemployment. Certain jobs, like telephone switchboard operators or dockworkers , get automated […]
We have all seen the headlines. How will AI impact jobs? Robots are coming for your manufacturing roles. As manufacturing professionals who are well versed in automation technologies – and what it really takes to operate them effectively and successfully – we know there’s more to the story. And that’s why the International Society of Automation (ISA), the leading professional society for automation, authored a position paper on this very subject: Automation Depends on People .
With each new innovation in society, we see corresponding headlines and public concern about how that innovation will be responsible for job loss. This […]
Automation has not wiped out a majority of jobs because it both substitutes for and complements labor, leading to higher demand for labor. Changes in technology do affect the types of jobs available and their pay, but the polarization of the labor market is unlikely to continue in the future. Recent and future advances in artificial intelligence and robotics will shape the trajectory of occupational change and employment growth, with computers substituting for routine tasks and workers providing problem-solving skills, adaptability, and creativity. The risk of job loss due to automation is driven by occupation-specific factors, but the rise […]
AI and automation will create new job opportunities that require a combination of technical skills, creativity, and social intelligence. These new jobs, referred to as "smart jobs," will replace repetitive tasks that will be automated in the future. The development of AI technology has already created new markets and employment opportunities in various industries. Additionally, AI will increase demand for humans in new tasks, both in manufacturing and services. The future of work will require competences in communication, creativity, collaboration, change, science, technology, engineering, mathematics, social, emotional, leadership, cultural skills, as well as reflection, ethics, values, and the environment. […]