Tag: manufactur

AI To Create Jobs, Claims PwC Report

AI To Create Jobs, Claims PwC Report

Artificial intelligence will create as many jobs as it displaces by boosting economic growth, says analyst

The arrival of artificial intelligence (AI) will be a win for the UK jobs market as it will create as many jobs as it displaces by boosting economic growth over the next 20 years.

This is the claim in a new report from PwC , which found that although the overall effect on UK jobs is estimated to be broadly neutral, there will be “winners” and “losers” by industry sector.It comes after Oxford University researchers last Autumn warned that 80 percent of jobs in transportation, […]

Artificial intelligence will be net UK jobs creator, finds report

Artificial intelligence will be net UK jobs creator, finds report

Artificial intelligence is set to create more than 7m new UK jobs in healthcare, science and education by 2037, more than making up for the jobs lost in manufacturing and other sectors through automation, according to a report.

A report from PricewaterhouseCoopers argued that AI would create slightly more jobs (7.2m) than it displaced (7m) by boosting economic growth. The firm estimated about 20% of jobs would be automated over the next 20 years and no sector would be unaffected.

AI and related technologies such as robotics, drones and driverless vehicles would replace human workers in some areas, but also create […]

RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

Robotic Arm production lines modern industrial technology. Automated production cell. After 15 years of being in the industry and curating some of the best products in robotic automation space, when this California-based RPA company raised $250 million in a fundraising round, it gained major traction for all the right reasons. This was the first ever funding that the company has raised in 15 years and secondly, it set total valuation of the company at a whopping $1.8 billion! What Is Automation Anywhere?

Providing a platform to organisations to build world-class intelligent digital workforces, Automation Anywhere’s enterprise-grade platform uses software […]

There’s No Such Thing as a Stable Career

The rapid development of automation and artificial intelligence is dramatically changing industries — and jobs — around the world.

But look back at the last century-plus of economic history, and it quickly becomes clear that such rapid technological change and disruption has long been the rule, not the exception. Categories of jobs once viewed as integral to Western economies have shrunk or essentially disappeared, only to be replaced by new ones.

Though these changes often take place on an international scale, the United States — as the world’s largest economy — has frequently been at the forefront of transformations in the […]

“Realm of Robotics” and “Human Employment”

“Realm of Robotics” and “Human Employment”

As we all know “What is robotics?”, “How are robots useful in human life?”. Robotics is the combination of mechanical, electronics & computer science engineering. In the initial days for many people, the robot is a playing thing that useful for kids to play. After that people thought it is one machine which imitates human and useful for small tasks which human can do repeatedly. Nowadays, people believing robotics may decrease the jobs but, it is wrong. A robot is just a machine under the control of the human. The robots should satisfy the human needs. Without the human […]

Fraunhofer at the International Manufacturing Technology Show IMTS 2018

Fraunhofer at the International Manufacturing Technology Show IMTS 2018

MUNICH, July 12, 2018 /PRNewswire/ — The future and prosperity of entire countries depend on the production of goods, just as many jobs in the USA and worldwide. The future of digitalized manufacturing and Industrie 4.0 rests entirely upon the ability to pool expertise and resources. Fraunhofer’s interdisciplinary systems expertise sparks the new ideas that meet the challenges of a changing world and helps create customized solutions right along the value chain. Visitors to the joint Fraunhofer booth on this year’s International Manufacturing Technology Show IMTS in Chicago can experience how a vibrant mix of new technology in the […]

Contrary to popular wisdom, automation is not a job killer in U.S. manufacturing

Contrary to popular wisdom, automation is not a job killer in U.S. manufacturing

Most economists oppose President Trump’s trade policies. As I recently argued on this page , it’s not just that he won’t help those hurt by trade. Now, with his sweeping tariffs and escalating trade war, he’s going to hurt those helped by it.

But just because he’s got the solution wrong doesn’t mean there isn’t a problem. Under the assumption that the political pendulum will eventually swing back and very different policymakers will be in charge, what is the policy set that would both tap the benefits of globalization and ameliorate its downside?

One key plank in that platform should be […]

Explained: How skilling can offset automation threat

Explained: How skilling can offset automation threat

To address labour market challenges, economists have mooted solutions such as skilling and training, taxation policies, social safety nets. Sitakanta Panda

AI, robotics and Big Data are the facets of the digital revolution in which automation is the central theme. There are many aspects to the phenomenon, which most people perceive as a problem. When seen as a problem, there are many aspects to it too. For instance, on social media platforms like Twitter, “bots” are used to inflate the numbers of followers of celebrities or politicians, and also for trolling. Automation and digital revolution has led to anxiety […]

India Must Re-Skill Workforce To Keep Up With AI, Says Kris Gopalakrishnan

India Must Re-Skill Workforce To Keep Up With AI, Says Kris Gopalakrishnan

Infosys co-founder Kris Gopalakrishnan this week reiterated what most tech giants have been saying all along — that artificial intelligence is not a direct threat to human jobs, but reskilling employees is crucial to advancement.

“India has a major challenge of transitioning its young workforce to the fourth industrial revolution called AI after the eras of agriculture, manufacturing and services… As the large workforce is engaged in diverse occupations such as agriculture, manufacturing and white-collar jobs in the services sector, it needs to be re-skilled to sustain the jobs, as AI will replace traditional jobs,” said Gopalakrishnan in an interview […]

Is Artificial Intelligence a threat to your Job?

Is Artificial Intelligence a threat to your Job?

New technologies bring innovations, in business, and change the course of the work being done. But does a technical revolution bring shift in employment patterns too?

The Industrial Revolution which began in the 18th century was a transition to new manufacturing processes characterised by new inventions. The industrial revolution effectively increased the output levels and also saw improved systems of transportation, communication and banking. But the Industrial Revolution also took some key sacrifices, the change destroyed traditional jobs, but it also created new ones. The technology of the Industrial Revolution helped in discoveries of the modern industrial marvels and gave […]