Tag: manufactur

Boosting education will help address short-term economic pain of AI, Mark Carney tells U of T audience

Boosting education will help address short-term economic pain of AI, Mark Carney tells U of T audience

The revolution spawned by artificial intelligence and machine learning will – like previous industrial revolutions – hurt employment and wage levels in the short term, Bank of England Governor Mark Carney told a University of Toronto audience on Tuesday. But in the long run, he said, productivity gains will kick in and employment levels will recover, if historical precedents are a guide.

Carney, a former Bank of Canada governor, was speaking at the fourth annual conference on Machine Learning and the Market for Intelligence organized by the Creative Destruction Lab at U of T’s Rotman School of Management. About 600 […]

Q&A: AI and the future of business

Q&A: AI and the future of business

What impact will AI have on the world of work over the next 10-15 years?

Artificial Intelligence (AI) will disrupt industries of all kinds, from manufacturing to healthcare, but the technology’s most immediate impact will be felt by the workers supporting these industries.

AI will find new efficiencies in almost any process-driven work, which will lead to better products and services, lower production costs and shorter supply chains. Over the course of this process, a vast number of jobs that are currently held by humans will be replaced. This will shake up the world of work more […]

How construction robots can amplify workers’ expertise

How construction robots can amplify workers' expertise

Construction jobsites will one day be bustling with “terminator-type,” humanoid robots , according to Scott Peters, president and co-founder of Construction Robotics, but that future may be a long ways off for the industry.

For now, the Victor, New York-based company recognizes that human workers have unique expertise and problem-solving skills to offer, and that to increase productivity on jobsites, robots should first be used to augment those capabilities.

“Humans have this amazing ability to take a challenging situation, think in real time and then be able to adjust to it,” he said in a recent webinar titled Robotic Construction: How […]

America’s ‘good’ jobs going to these workers

America's 'good' jobs going to these workers

While the economy is strengthening and employment opportunities are expanding in the wake of the financial crisis, the outlook for some workers is stronger than others, a new report shows.

According to a study by researchers from Georgetown University, the number of “good” jobs available to prospective workers with different skillsets has changed dramatically since the late 1900s.

“Since the 1980s, good jobs in industrial America have been under attack by four interrelated economic trends: globalization, automation, upskilling and the shift in good jobs away from manufacturing toward skilled-services industries such as information technology and healthcare,” researchers wrote.While workers with a […]

AI will cause role changes, not necessarily job losses: Studies

AI will cause role changes, not necessarily job losses: Studies

With automation, salary levels will go up due to specialisation of skillsets. MUMBAI: More than half of generic work profiles are facing the risk of disruption over the next two years due to automation, according to an estimate by Teamlease Services . However, this does not necessarily imply job losses as automation would throw up new job profiles for those getting substituted, experts said.

A Teamlease Services study, based on data from secondary sources, estimates 52-69% of repetitive and predictive roles in sectors including IT, financial services, manufacturing, transportation, packaging and shipping to get exposed to the risk of automation […]

Op-Ed: Up to 57% of jobs at risk from automation? Maybe

Op-Ed: Up to 57% of jobs at risk from automation? Maybe

Sydney – The doomsday scenario for the workforce and the 20th century way of life, automation, is coming. The problem is that nobody’s too sure exactly what will happen. Will it be that bad? Better? Worse? Clueless, more like.

Some researchers are citing the 57% figure as ballpark, based on projections over coming decades. United States numbers in these research scenarios are pretty scary. “Projections” is slightly better than an educated guess, but it’s a big number. Other researchers cite much lower figures, which doesn’t help clarify anything much. In fact, the plague of predictions about the impact of automation […]

Humans Shouldn’t Fear Workplace Robots, at Least Not Yet

Humans Shouldn’t Fear Workplace Robots, at Least Not Yet

Stopping short of a workforce takeover, supplemental robots — called cobots — are offering unexpected benefits to humans in the manufacturing process.

Shutterstock

(TNS) — During more than 25 years as a factory worker, David Young has seen a parade of robots take over tasks he and his colleagues used to do by hand.So Young, a machine operator, isn’t fazed by the sleek new “cobot” — collaborative robot — perched at his workstation at Kay Manufacturing in Calumet City, Ill.The silver cobot, resembling a modern desk lamp, is being trained to do visual inspections of the automotive parts that […]

Manufacturers adopt robots that help human workers, not replace them. For now

Manufacturers adopt robots that help human workers, not replace them. For now

During more than 25 years as a factory worker, David Young has seen a parade of robots take over tasks he and his colleagues used to do by hand.

So Young, a machine operator, isn’t fazed by the sleek new "cobot—collaborative robot—perched at his workstation at Kay Manufacturing in Calumet City, Ill.

The silver cobot, resembling a modern desk lamp, is being trained to do visual inspections of the automotive parts that Kay makes, its arm rotating the part so that an attached camera can detect any defects.It’s a task Young says he won’t miss doing himself, just as he doesn’t […]

Manufacturing jobs are defying expectations

Manufacturing jobs are defying expectations

“NATION LONGS for one more day with dying manufacturing sector.” This headline, published in 2014 by the satirical website the Onion , anticipated both President Donald Trump’s fears and the retorts he gets from his critics. Mr Trump campaigned on a promise to bring back jobs in manufacturing after decades of decline. To those who see the future of the American economy in services, these promises seemed backward. When he was head of the National Economic Council, Gary Cohn reportedly asked the president which he would prefer: sitting in nice air-conditioned office, or standing on his feet all day.

[…]

Embracing plant management software: Tetra Pak launches Plant Secure and Industry 4.0

Embracing plant management software: Tetra Pak launches Plant Secure and Industry 4.0

The process begins with a detailed audit of the producers operations, allowing Tetra Pak to produce suggestions that will allow for cost-saving suggestions throughout the entire operation. Credit: Courtesy of Tetra Pak Plant Secure will form a key aspect of what Tetra Pak is calling Industry 4.0, the digitalisation of manufacturing which has moved it into a fourth industrialisation. Credit: Courtesy of Tetra Pak Tetra Pak has teamed up with Microsoft to use its HoloLens technology, which will allow companies to speed-up response times. Credit: Courtesy of Tetra Pak® Plant Secure

The process begins with a detailed audit […]