Tag: manufactur

Many SC jobs will be lost to robots. Is yours safe?

Many SC jobs will be lost to robots. Is yours safe?

Columbia’s “mom-and-pop hippie shop” has kept its doors open for more than two decades because it offers customers something online shopping and self-checkout kiosks can’t.

“We offer a human interaction,” James “Don” McCallister said Tuesday from his Five Points boutique, Loose Lucy’s. The polychromatic portal to the past offers tie-dyed clothing, tapestries, Grateful Dead posters and jewelry — all set against a classic rock soundtrack and the pervasive smell of incense.

“There is no reason people can’t get any of this stuff online.”McCallister is confident that he and his employees are safe, for now, from automation eliminating their jobs. Loyal customers […]

More Proof That India’s Creating Fewer Jobs – This Is Why

More Proof That India's Creating Fewer Jobs - This Is Why

It seems that nearly every day, our media carries stories of concern about the employment situation in India. The stories include accounts of a desire for jobs that is not being met, the vast over-subscription of government jobs, the falling labor force participation of women, the diminishing opportunities for decent employment in rural India, or massive migration to cities in search of remunerative employment. Other stories focus on the quality of employment being created, often precarious and without dignity. A recent poll by the Bill and Melinda Gates Foundation and Ipsos finds that unemployment is the number one cause […]

Enriching customer relationships in financial services: the role of automation

Enriching customer relationships in financial services: the role of automation

Since every major step forward in process efficiencies, in any industry, entails a moral consideration, it’s no surprise that there may be some hesitation around its adoption in the financial services sector. My colleague, Jason Bell, recently discussed the pressing need for banks to transform into technology companies in his blog, ‘ The opportunity no bank can ignore ‘.

Jason discussed the emphasis often given to the year 2020 as a watershed year, pointing out how close it is. It brings many observations about baking futures into sharp focus, such as this observation from the Accenture article Intelligent Automation in […]

Are We Prepared for the Rise of Automation?

Are We Prepared for the Rise of Automation?

We are barreling toward a future of automation. A great proportion of the six million US manufacturing jobs that have disappeared over the last few decades were lost as a direct result of automation’s slow absorption of physical labor and factory work. Now the pace is quickening. Because of the rapid development of artificial intelligence, the reach of automation is expanding, too. How automation could displace workers

According to Elon Musk, self-driving cars will displace 15% of the world’s workforce. Musk warns that driverless cars are closer than they might appear. Increasingly, trading on the stock market is […]

Embrace digital or perish: Harsh Goenka

Embrace digital or perish: Harsh Goenka

Automation is changing the workplace everywhere, says Harsh Goenka. RPG Enterprises Chairman Harsh Goenka in an exclusive interview talks to ET about the group’s new policies to transform into a workplace of the new generation. In a conversation with Rica Bhattacharyya, Goenka NSE -16.67 % talks about how the group is preparing to face the digital boom in the world around and how automation is changing the workplace. “Embrace digital or perish,” he warns. According to Goenka there will be lot more jobs for people from humanities and arts rather than from engineering and science. Edited excerpts:

You […]

Autonomous Trucks Still Down the Road

Autonomous Trucks Still Down the Road

Driverless haul trucks rumble over trails at Rio Tinto’s Mine of the Future in Western Australia. Ned Ludd never drove a truck. They didn’t exist in 1779 when, folklore says, he smashed a weaving machine in a “fit of passion.” This the young Englishman did after being beaten by his boss for idleness, or simply being told by his father, also a weaver, to “square his needles”—the accounts of the long-ago event vary. Indeed, Ludd the man may never have existed, but in the next century, textile workers who protested the introduction of job-killing machinery, sabotaging a lot of […]

Technology May Cost Millions of Jobs in South East Asia, Experts Warn

Technology May Cost Millions of Jobs in South East Asia, Experts Warn

JABER ALSABAH WRITES — At the 2018 World Economic Forum in Hanoi from September 11 to 13, experts warned that technological advancements such as automation could result in employment losses for roughly 6.6 million workers.

Automation is the use of machines and technology to make processes run without manpower. For example, automobile assembly lines would require fewer people to build cars.

This prediction is of particular relevance to countries such as Vietnam, Indonesia and Thailand, where manufacturing relies heavily on millions of flesh and blood workers. According to Phu Huynh of the International Labor Organization, workers most affected by automation would […]

Kettering students learn about automation in Hyundai CRADLE competition

Kettering students learn about automation in Hyundai CRADLE competition

Kettering University students will try to answer the question “How do you create new jobs when white collar jobs have been displaced due to automation?” in a new competition sponsored by the Hyundai Center for Robotic-Augmented Design in Living Experiences (CRADLE).

Kettering’s School of Management is hosting the competition, and students in majors across the University are competing.

“It’s a really cool opportunity for younger generations that are still learning a lot and will grow up in field of automation,” said Emily Kurburski ’20. “It’s understanding how we’re going to learn to adopt it in industries and teach people across different […]

World Economic Forum Forecasts Machines Will Do More Work Than Humans by 2025

World Economic Forum Forecasts Machines Will Do More Work Than Humans by 2025

The WEF has a prediction that should get people’s attention because of the rapid entry of smart machines into the workplace. According to the experts, the world of employment is about to experience a revolution because of computers, robots and automation, and humans will find themselves priced out by machines that are cheaper and don’t require lunch breaks.

See the full report here: The Future of Jobs Report 2018 .

The report says that millions of new jobs will be created to replace the ones lost, so not to worry, except that those new jobs will require technical training. Retraining employees […]

How can “Make in India” evolve?

How can “Make in India” evolve?

Re-skilling the existing workforce and developing technology skills in students should be made national priority.

A manufacturing line at Dell India’s facility at Sriperumbudur. The ‘Make in India’ vision is grand: Prime Minister Narendra Modi hopes to create 100 million jobs by 2021 and spur the development of middle class that will power the Indian economy in the near future. This ambitious program is designed to turn the subcontinent into a “global manufacturing hub” and increase jobs by providing a fresh impetus to the economy. Running high on this momentum, the government geared the union budget to aid […]