Tag: manufactur

Benefits Of Incorporating AI Into Robotics

Benefits Of Incorporating AI Into Robotics

Nearly three million industrial robots are currently employed in factories all over the world, as reported by the International Federation of Robots (IFR). Understanding Robotics And AI

As more and more sectors come to rely on them, robots are moving from the realm of science fiction and the hyperactive imagination to the mainstream.

Robotics is a subfield of AI that focuses on the design and implementation of autonomous robots and other intelligent machines. Robotics is interdisciplinary since robots are mechanically constructed, include electrical components, and are controlled by computer code. Although robots and AI are aimed at separate problems and […]

Bridging the innovation gap: AI and robotics as drivers of China’s urban innovation

Bridging the innovation gap: AI and robotics as drivers of China’s urban innovation

VoxEU Column Productivity and Innovation In recent years, the potential of artificial intelligence (AI) and robotics to revolutionise production processes and stimulate innovation has attracted considerable attention (e.g. Presidente and Calì 2022). Despite this, their capacity to address disparities in innovation remains underexplored. In our recent paper (Rodríguez-Pose and You 2024) we delve into the capacity of AI and robotics to not only spearhead technological innovation, but also to trigger innovation in the less developed and less innovative Chinese cities – those places where traditional innovation-boosting policies have often failed. The geographical concentration of innovation

Science and technology (S&T) […]

New Frontiers: The Origins and Content of New Work, 1940—2018

Technological change transforms economies and labor markets, reshaping the types of jobs that are available, the wages they pay, and the skills they require. Much recent empirical work has documented the displacement of labor from existing job tasks by automation technology, including robots and software. However, this literature has primarily treated the set of human job tasks as finite and static, implying that as automation proceeds, labor is confined to an ever-narrowing scope of activities. Casual observation and historical evidence suggest this is at odds with reality: as employment in (previously) labor-intensive sectors such as agriculture, textiles, mining, and […]

Human and AI Collaboration is the Future of Work

Human and AI Collaboration is the Future of Work

Rapid advances in artificial intelligence (AI) technology have led to widespread concerns about the future of human employment.

The notion that AI will take away human jobs has become a hot topic of public debate. But is this assumption really true?

There’s no denying that AI has made work significantly easier. Various industries, from manufacturing to finance, have seen major changes in their business processes.The automation of routine tasks and the use of intelligent algorithms have improved operational efficiency and optimized company resources. Effect on Employment From this convenience, a big question arises. Is AI really taking away human jobs? It […]

Clover Tools shifts gears

Clover Tools shifts gears

Clover Tool is a Tier 2 supplier of steel vehicle parts like window regulators and hood and trunk hinges. Images: Clover Tool

Frank Zeni was a tool- and diemaker by trade. In 1979, he opened Clover Tool with the plan to supply tooling, support, and services to the automotive and construction industries.

It was a simple start in a 2,000-sq.-ft. facility that has since turned into anything but. In the early 80s, Zeni had hoped to employ up to 10 people. However, the industry and his reputation helped propel Clover Tool into a large operation, allowing it to shift its […]

Vention to democratize industrial automation using NVIDIA AI technologies

Vention to democratize industrial automation using NVIDIA AI technologies

MONTREAL, June 2, 2024 /PRNewswire/ – Vention, the company behind the cloud-based Manufacturing Automation Platform (MAP), today announced a collaboration with NVIDIA to bring industrial automation technology to small and medium manufacturers by using NVIDIA AI and accelerated computing to advance cloud robotics. This announcement marks a year of collaborative efforts to leverage artificial intelligence to simplify the realization of industrial automation and robotic projects, from the design of equipment up to their operations. Vention’s cloud-first MAP is inherently AI-enabled, drawing on a proprietary dataset of several hundred thousand robot cell designs created since the company’s founding. Vention intends […]

These 15 Jobs Might Not Exist in the Next 50 Years, New Study Finds

In a recent study , several jobs have been identified as potentially obsolete within the next 50 years due to advancements in technology. Technological Impact on Employment

With the creation of advanced software, robotics, automation, AI, and changing trends, there has been a notable increase in redundancies. Many economists foresee that the rise of technology will lead to the loss of millions of job in the manufacturing sector globally. This trend is particularly concerning for workers in jobs requiring no experience or qualifications. Top 15 Jobs at Risk

Of the 50 jobs identified, here are the top 15 that […]

2024 Innovation Issue: How automation can be a lifesaver

2024 Innovation Issue: How automation can be a lifesaver

Home » 2024 Innovation Issue: How automation can be a lifesaver

Keywords Advanced Manufacturing / Eli Lilly and Co. / Health Care & Life Sciences / Innovation 2024 / Innovation Issue / Manufacturers / Technology Comments

Print GET THE LATEST IBJ NEWS IN YOUR INBOX Related Stories 2024 Innovation Issue: Wearable devices promise improved safety, productivity May 31, 2024 2024 Innovation Issue: The path to Industry 4.0 May 31, 2024 2024 Innovation Issue: 5 keys to driving Indiana’s manufacturing future May 31, 2024 2024 Innovation Issue: Robotic welding system boosts Smoker Craft’s […]

Jobs Going Away Due to Automation

Jobs Going Away Due to Automation

Alexander Supertramp / Shutterstock.com Are we all going to be replaced by machines? No doubt, more and more of our jobs are being performed by machines as artificial intelligence and automation are taking up increasing shares of certain industries — but not all.

To determine the jobs going away due to automation, 24/7 Wall St. reviewed data on projected employment change from the Bureau of Labor Statistics Employment Projections program. Detailed occupations whose factors affecting occupational utilization include automation were ranked based on projected percentage change in U.S. employment from 2022 to 2032. Data on the percentage of workers 25 […]

Workers wanted: How to fill the skilled-trade shortage

Plumbers, carpenters, builders: In the United States, skilled tradespeople are in high demand, earn good salaries, and are vital to economic progress and prosperity. So why are they in such precariously short supply? In this episode of McKinsey Talks Talent , talent leaders Brooke Weddle and Bryan Hancock join global editorial director Lucia Rahilly to discuss what’s causing the shortage in the skilled trades, as well as what’s necessary to attract new workers to these roles and to help them thrive. The following is an edited transcript of their conversation. What’s at stake

Most Popular Insights

> The economic […]