Tag: manufactur

Not just Modi! Any government will struggle to create jobs in future

Not just Modi! Any government will struggle to create jobs in future

The multiple claims, and counter-claims on job creation numbers make for a fascinating read.

In July 2018, Prime Minister Narendra Modi told Parliament that over a year, nearly a crore or 10 million jobs were generated if both formal and informal sectors were taken into account. Citing a study from an "independent institute", he stitched the new enrolment numbers from the Employee Provident Fund and the National Pension Scheme while also factoring in the number of new professionals such as chartered accountants and doctors joining the system to calculate formal jobs. Professionals, when they start their own practice, create jobs. […]

This week’s poll: automation, Industry 4.0 and employment

This week’s poll: automation, Industry 4.0 and employment

How will digital manufacturing, robotics and associated technologies affect employment levels in engineering? Will robots work alongside humans, or increasingly replace them? Every wave of mechanisation and automation that has hit industry has affected employment patterns, from the first Industrial Revolution to the present day. Concerns remain, and the introduction and spread of robotics and automation has raised concerns that human employees could be the victims of technology. Industry 4.0 goes hand-in-hand with automation, as the digital technologies which enable it are suited to monitoring the operation and optimisation of automated equipment. Proponents of the technology often claim that […]

Sewing robots set to bring jobs to LR, fight foreign labor

ATLANTA — Machines are transforming the way textiles are produced — and they could fuel a comeback for the Southern textile industry.

Automation and artificial intelligence are revolutionizing the workplace in the United States, as machines perform tasks once done by humans, The Atlanta Journal-Constitution reported.

Now, automated sewing could breathe new life into the South’s garment industry, which has been decimated in recent decades as jobs went to cheaper workers overseas.But it will look a lot different than before.The idea behind one textile manufacturing plant of the future was dreamed up in a one-story industrial building on Atlanta’s west side. […]

Man vs Machine: Who will come out on top

Man vs Machine: Who will come out on top

The general rule of gambling is that “the house always wins”. No matter the game, the odds are always stacked in favour of the casino and, according to Investopedia, “for every $1 million bet at the roulette tables…the casino expects to pocket a profit of slightly more than $50,000”. However, that knowledge is paradoxically what drives people back to the table—the odds may be stacked against them, but people will always love to think that they will be the ones who win big. And whether by counting cards or waiting it out for a slot machine that’s ready to […]

Fear of robots? Machines are already replacing unskilled manual workers in Romania, IMF study suggests

Fear of robots? Machines are already replacing unskilled manual workers in Romania, IMF study suggests

Romania ranks among the European countries where technology is destroying jobs mainly in those sectors with a high prevalence of unskilled manual workers like construction or agriculture, according to an International Monetary Fund (IMF) study.

The study, called “The Structural Determinants of the Labor Share in Europe”, suggest that some European countries perform much better than others in terms of labor share to GDP. According to IMF, the value-added share accrued to labor commonly known as the labor share – the ratio of labor compensation (wages and benefits) to national income – has been on a downward trend in […]

Robots and AI Spell Change for Workers, Rather Than Replacement

Elliot Dinkin: What automation appears to have in store for the job market is not massive downsizing, but changes in job description and reallocation of some repetitive chores.

(Pittsburgh, PA) March 25, 2019—In late 2017, the McKinsey Global Institute released a report estimating that the relentless march of automation could eliminate up to 73 million jobs in the U.S. by 2030.1 "Automation is certainly a factor in the future of the workforce," says Elliot Dinkin, a nationally known expert in actuarial, compensation, and employee benefits issues. "There are indications, however that its effect on downsizing may be less than […]

Robotics and jobs: Where do we stand?

Robotics and jobs: Where do we stand?

With the AI-powered workplace of tomorrow arriving sooner than expected, what does this mean for us?

The debate about robotics on the future economy and job market is one divided squarely between transformationalists and sceptics, but that debate has in fact been increasingly undermined by the dynamics of AI and its relentless acceleration. Recent evidence indicates that robotics and AI are heavily impacting the economy, destroying low-wage jobs and increasingly eating away at higher-skill occupations as people are increasingly replaced by intelligent algorithms. There is evidence that the workplace of tomorrow, powered by AI and accelerating digital technology, is about […]

Machines could fuel comeback of textile industry in South

Machines could fuel comeback of textile industry in South

ATLANTA (AP) — Machines are transforming the way textiles are produced — and they could fuel a comeback for the Southern textile industry.

Automation and artificial intelligence are revolutionizing the workplace in the United States, as machines perform tasks once done by humans, The Atlanta Journal-Constitution reported .

Now, automated sewing could breathe new life into the South’s garment industry, which has been decimated in recent decades as jobs went to cheaper workers overseas.But it will look a lot different than before.The idea behind one textile manufacturing plant of the future was dreamed up in a one-story industrial building on Atlanta’s […]

Steam engine of our time

Steam engine of our time

If you ask any computer scientist right now, what is the fastest growing field of the industry, they’ll most likely reply ‘Artificial Intelligence’. That’s an expected response because of how rapidly growing and influential this branch of computer science has become. It is part of our lives in ways unimaginable and most of us carry on with our lives, unaware of how much we rely on it.

Applications of Artificial Intelligence are in every field imaginable that is because of the need for automation and that goes back to the core philosophy of how machines work, that is to […]

Robot Revolution? 10 Jobs That Won’t Be Lost To Robots

Robot Revolution? 10 Jobs That Won’t Be Lost To Robots

Jobs Lost To Robots And Automation – Automation seems to be advancing faster than ever with robotics, computer science, and artificial intelligence.

Many white collar positions, such as accountants, receptionists and even attorneys find their jobs threatened by the ‘Robot Revolution’. What Is The Robot Revolution?

You probably didn’t think “Robot Revolution” when McDonald’s instituted their kiosk ordering system, or when Amazon’s drone delivered your mail.Instead, we thought “how convenient.”Today, we read about tens of thousands of driverless automobiles descending on the Interstate near your house.What do the above advancements in technology have in common?They are all Robot Revolution, and […]