Tag: manufactur

AI Transforms Supply Chain Activities

A 2013 study estimated that nearly half of American jobs would be replaced by artificial intelligence (AI) in the near future. Meanwhile, innovator and entrepreneur Sebastian Thrun declared that “no office job is safe.” However, Americans themselves are not too worried about it.

A recent LevaData survey of more than 1,000 U.S. adults revealed that while about two-thirds of Americans believe that AI will eliminate certain jobs—and more than half say the rise of AI will mean fewer jobs, period—21% are confident that AI won’t replace their job in the next ten years, and 41% say that they are confident […]

The Rise Of Job Automation In The Mideast

The Rise Of Job Automation In The Mideast

Middle Eastern workers may soon face robots as competition

The ‘Automated Age’ may arrive in the Middle East sooner expected, posing a significant threat to employment according to McKinsey & Company’s report, “The Future of Jobs in the Middle East,” presented this month at the World Economic Summit.

Dr. Jan Peter Moore, Associate Partner at McKinsey & Company and co-author of the report, told The Media Line that “artificial intelligence (AI) and workforce automation technology [is] developing quickly in the Middle East. Based on technical, economic and social factors, our model predicts that the adoption in some Middle Eastern countries […]

Automation is Destroying the Jobs of Garment Workers

Automation is Destroying the Jobs of Garment Workers

Automation is a two-edged sword. On the one hand, it is making more garments faster and more precisely. It is even making it possible to one day have personal, single garments made to order by placing an online request with individual measurements. On the other hand, it is putting millions of garment workers out of jobs and livelihoods.

Automation of garment production has a long history, going back to steam-powered weaving mills in the early nineteenth century, pioneered by a Frenchman named Jacquard. The newest machines can make garments from start to finish, including delicate, complex work such as sewing […]

Technology and the future of finance

Technology and the future of finance

In the first of this series of two articles we looked at the impact of new technology on financial services. I wrote that technology, particularly digital technology, almost always starts as a way to do something you already do more efficiently than you already do it.

A spear is more efficient than a rock for hunting deer. In the same way, a simple computerised ledger with manual input is more efficient than a man in fingerless gloves writing in a big book with a quill pen. And blockchain is way more efficient than a basic single-site computerised ledger.

Greater efficiency by […]

Montana’s changing economic geography

Montana’s changing economic geography

Changes in the U.S. and Montana’s economy have been good for Bozeman—maybe too good as we deal with increasing traffic, real estate prices, and changing neighborhoods. Montana is a large state, however, and what has been good for Bozeman has not benefited all of Montana’s communities. The good news-bad news stories create a variety of challenges for local and state leaders, including how we approach tax policy and economic development.

Since 2001, Montana added more than 100,000 new jobs and, on average, we’re better off. Montanans’ wages (or earnings per job) increased more than four times as fast as the […]

RUSSOMANNO: Autonomous autos mean safer streets, stronger economy

RUSSOMANNO: Autonomous autos mean safer streets, stronger economy

The automotive sector continues to drive Indiana’s economy. Our auto industry ranks second among states in share of output and employment, putting more than 100,000 Hoosiers to work, and third in both total car and truck production and number of automotive companies. Beyond carmakers and their suppliers, these businesses include major manufacturers of powertrain components for heavy trucks, which carry billions of tons of freight across Indiana annually.

The future of the auto industry intersects with Indiana’s future. With vehicle automation a transformative trend in transportation, it’s important that Indiana be a crossroads of research and development. Automated features like […]

Q&A: What’s Next for W.Va.’s China Energy Deal?

Q&A: What's Next for W.Va.'s China Energy Deal?

Brian Anderson, director of the Energy Institute at West Virginia University November last year West Virginia’s Commerce Department announced a deal with China Energy the biggest Chinese coal company, to invest billions in the state’s natural gas industry. A memorandum of understanding outlines a 20 year commitment to invest 83.7 billion dollars in the states shale gas industry. The deal didn’t happen overnight. Brian Anderson, founder and director of the Energy Institute at West Virginia University offers some insight into the deal and the company behind it.

Q: When did this deal with China Energy first hit your radar? […]

Video: Manufacturing Makes Men More Marriageable

Video: Manufacturing Makes Men More Marriageable

We all know that manufacturing is an essential component of a modern, healthy economy. But did you know that manufacturing is a critical factor in women’s choice of husbands? Well, a new paper co-authored by three researchers from MIT, the University of Zürich and UC San Diego concludes that manufacturing employment correlates strongly with men’s desirability for women seeking marriage. In “ When Work Disappears: Manufacturing Decline and the Falling Marriage Market Value of Young Men ,” David Autor, David Dorn and Gordon Hanson use some sophisticated statistical analysis to investigate how rising trade pressure on US manufacturing affects […]

South Korea most automated nation on earth, says report. The UK? Nowhere

South Korea most automated nation on earth, says report. The UK? Nowhere

South Korean robotics towers over all other countries, says report South Korea trumps Japan and Germany in robotics, with the US also in the top 10. Meanwhile, China is on the march. Bad news for the UK, says IFR. Chris Middleton reports.

China may be automating faster than any other nation, but South Korea is easily the most automated country on earth, according to the International Federation of Robotics .

Video: Watch robots ski at 2018 Winter Olympics in South Korea . South Korea has by far the highest robot density in manufacturing, according to the IFR’s latest figures […]

Should Millennials Fear Automation?

Should Millennials Fear Automation?

In the wake of Amazon opening its first cashier-less store , you may be wondering what other jobs could be soon on their way out. Don’t quit your job in despair and start busking just yet – automation is still a long way from replacing many workers. However, it’s a good idea to future-proof your skills in the case of a real robot takeover. That takeover is a long way out, but here’s what we know so far. Who’s at risk?

According to a study done by the Institute For Spatial Economic Analysis , the automation of jobs […]