Tag: manufactur

The Power of AI, ML, Autonomous Systems, and Robotics in Workforce Transformation​

The Power of AI, ML, Autonomous Systems, and Robotics in Workforce Transformation​

Artificial Intelligence (AI) and robotics are no longer just futuristic concepts; they have become integral components driving innovation across numerous sectors. From assembly lines to advanced research labs, these technologies are transforming old job roles and opening doors to new possibilities.

However, this transformation is not without its skeptics. Many voice concerns about a future where machines might replace human labor, potentially leading to widespread job losses and increased social inequality. These worries are valid and highlight the need for thoughtful technology integration in our workplaces.

The adoption of AI and robotics shouldn’t be about replacing the human workforce but enhancing […]

Is Artificial Intelligence (AI) Genuinely A Transformational Technology?

Is Artificial Intelligence (AI) Genuinely A Transformational Technology?

Artificial Intelligence (AI) is not just a buzzword, or a concept confined to the realms of science fiction. It is a rapidly evolving technology that has already begun to reshape various aspects of our lives and holds the potential to fundamentally transform society in ways we are only beginning to understand.

The concept of AI, which encompasses machine learning, natural language processing, robotics, and more, has been a subject of both awe and controversy. Its capabilities have expanded from simple automated tasks to complex problem-solving, predictive analytics, and even mimicking human interactions. The impact of AI on society is multifaceted, […]

How has the rise of automation impacted employment rates in various industries?

How does automation affect job availability in industries? 5 answers

Automation’s impact on job availability in industries is a multifaceted issue with contrasting views. While some predict job losses due to automation , others suggest that automation can actually lead to higher labor demand at both the firm and industry levels . Studies indicate that automation does not necessarily cause a net loss of employment overall, but low-skilled workers in routine jobs may face job displacement, emphasizing the need for new skill sets and specializations within occupations . The transformation to digitalization and automation of production equipment can result in […]

How Do Robots Impact Employment And Labor Markets?

How Do Robots Impact Employment And Labor Markets?

Key Takeaway

Robots impact employment and labor markets in various ways. Displacement: Robots can replace workers in routine tasks, leading to job losses. Studies show adding one robot per thousand workers can reduce employment rates by 0.16–0.20 percentage points and lower wages by 0.42%.

Productivity: Automation boosts productivity and reduces costs, creating new jobs and increasing labor demand in some sectors. Skill Requirements: Workers need new skills to operate and maintain robots, prompting upskilling and reskilling. Economic Implications: While automation can widen income inequality if benefits are not equitably distributed, it also presents opportunities for economic growth and innovation. Introduction […]

AI reshaping careers: How to adapt in the job market

AI reshaping careers: How to adapt in the job market

Nanyang Technological University’s Loh Pui Wah notes how AI reshapes careers, emphasising adaptability and resilience. With the advent and rapid advancement of artificial intelligence (AI), traditional career trajectories across various industries are being reshaped as we speak.

This transformation brings both opportunities and challenges for individuals entering the workforce and those already established in the job market. As a result, personal attributes such as adaptability and resilience have become ever more crucial in navigating this dynamic landscape. Traditional job roles are either being redefined or eliminated, giving rise to new ones emerging by the day.

We read frequently how AI is […]

Key Manufacturing Trends Help Ensure Overall Industrial Growth

Key Manufacturing Trends Help Ensure Overall Industrial Growth

Summary

Key Manufacturing Trends Help Ensure Overall Industrial Growth The future of the manufacturing industry looks bright, with output set to rise by 1.5% in 2024 and 3% in 2025 . Despite challenges that have plagued it over the past half a decade, the growth has been sustained, and it is looking to expand further moving into the future. Key trends are helping ensure industry continues on a positive trajectory year on year.
Closing the skills gap with new talent
For any industry, retaining quality talent and attracting new quality prospects is important for preventing blockers and downtime […]

Robots Steal Jobs From Unions

Robots Steal Jobs From Unions

Automation has had a greater impact on employment in sectors where union representation was stronger. A Bocconi study highlights the decline in Italy’s unionization rate and warns that “Unless the trend is reversed, social cohesion is at risk”

Collective bargaining is a fundamental pillar of the European social model. In Italy, over the decades, unions have ensured wage increases commensurate with productivity growth and a gradual improvement in working conditions. Today, however, they are in decline: in 20 years, according to a Bocconi study , the unionization rate has been declining from 30 percent to about 12 percent. Fewer members […]

Nvidia’s New AI Simulator Could Rev Up Robotics, Self-Driving Cars

Nvidia’s New AI Simulator Could Rev Up Robotics, Self-Driving Cars

Nvidia, AI, autonomous vehicles, sensors, digital twins Chip maker Nvidia announced on Monday (June 17) a new type of artificial intelligence (AI) simulation software in an attempt to turbocharge the development of self-driving cars and robots.

The Omniverse Cloud Sensor RTX was unveiled at the Computer Vision and Pattern Recognition conference and aims to offer physically accurate sensor simulation. The tech titan’s announcement underscores the sensor industry’s growing importance . A

The new software combines real-world data from various sensors with synthetic data, supposedly allowing developers to test sensor perception and associated AI software in realistic virtual environments before real-world deployment. […]

AutoStore establishes new assembly factory in Thailand

AutoStore establishes new assembly factory in Thailand

AutoStore , the maker of one of the most widely used automated storage and retrieval systems for warehouses, has opened its assembly factory in Rayong Province, Thailand.

This milestone marks a strategic move in the company’s global expansion efforts, bringing cutting-edge robotics production closer to key markets, including Japan, Korea, and the United States.

With over 1,450 systems distributed across 54 countries, AutoStore is the most widely adopted automated fulfillment system on the planet.As AutoStore accelerates its expansion across North America, the new robot factory in Thailand will help get the company’s automated storage and retrieval system into US warehouses […]

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

The Impact of Artificial Intelligence on Job Markets: Automation and Employment Trends

David Alto

· Follow 3 min read·3 hours ago The Impact of Artificial Intelligence on the NZ Job Market — Madison by Chris Brown Artificial Intelligence (AI) is not just a buzzword; it’s a transformative force that’s reshaping job markets across industries. While AI brings the promise of increased efficiency and productivity, it also raises questions about the future of employment. In this article, we delve into the impact of AI on job markets, exploring automation trends and their implications for the workforce. […]