Tag: manufactur

Study Shows Skills Shortage Is a Reality for Nine Out of Ten German SMEs

Study Shows Skills Shortage Is a Reality for Nine Out of Ten German SMEs

Press release from the issuing company Challenge: A widespread problem that extends beyond the printing industry Catching up to do: Almost half of SMEs only moderate when it comes to digitalization

Solution: Artificial intelligence, machinery, and robotics offer potential remedies

German SMEs are suffering a massive skills and workforce shortage – a fact highlighted by a representative survey among SME decision-makers that the F.A.Z. Institute conducted for Heidelberger Druckmaschinen AG (HEIDELBERG). According to this survey, nine out of ten German SMEs do not have enough staff. Just under half (49 percent) said they were badly or very badly affected […]

OneVision Software at drupa 2024

OneVision Software at drupa 2024

Press release from the issuing company

Software manufacturer OneVision is showcasing many possibilities for automating production processes at drupa in Düsseldorf from May 28 to June 7. For the first time, OneVision is demonstrating its solutions for digital production tracking throughout the entire production process.

Regensburg/Düsseldorf. The topic of this year’s premier exhibition for the global printing industry is “We create the future”. Automation and digitalization are key subjects to be addressed. Optimizing production processes can save valuable time and costs, especially during skilled worker shortages and rising costs, making print businesses more future-proof.Automation specialist OneVision invites drupa visitors to […]

Sharing the benefits of technological progress

Sharing the benefits of technological progress

High-tech-city-skyline-hologram.-3D-rendering. Image: iStock / Jarmo Piironen This is the first of three articles discussing how the benefits of technological progress are shared, and thus determine the distribution of income and influence our economic and social structures. This first article focuses on how these benefits have been shared historically.

Throughout history the growth in living standards has come from increasing productivity and over thousands of years almost all that productivity growth has been driven by technological progress. Furthermore, the standard model used by economists who study economic growth typically assumes that this increase in productivity is more or less equally […]

Embracing the Future: Navigating the Impact of GenAI on Career Evolution

Embracing the Future: Navigating the Impact of GenAI on Career Evolution

Embracing the Future: Navigating the Impact of GenAI on Career Evolution

Daniel CF Ng

· Follow 3 min read·1 hour ago In an era defined by rapid technological advancement and innovation, the emergence of GenAI represents a transformative force that is reshaping the landscape of work and employment. As fears of job displacement and automation loom large, it is crucial to recognize that GenAI itself is not the harbinger of job loss, but rather the individuals who embrace and harness its potential stand to thrive in the evolving workforce. In this essay, we delve into the inevitable situation […]

IMF raises caution on rising AI

IMF raises caution on rising AI

Washington, DC

THE International Monetary Fund (IMF) has called for a careful balance of policies to tap into the potential of artificial intelligence (AI), which is projected to take over 40 percent of jobs around the world.
In a new analysis titled “AI will transform the global economy: Let’s make sure it benefits humanity’, the IMF states that AI could also affect income and wealth inequality within countries.
“We may see polarisation within income brackets, with workers who can harness AI seeing an increase in their productivity and wages and those who cannot fall behind. Research shows that AI […]

Bill Gates Anticipates AI Revolution’s Impact on Labor Market and Employment

The advance of AI technologies is reshaping the labor market, leading to significant reductions in human workforces globally. In emerging economies, certain call centers have astonishingly dismissed up to 90% of their staff as automation takes hold. Studies concerning the future of jobs predict a challenging transition period for workers as society shifts towards widespread automation.

While some view the rise of AI primarily as a marketing strategy designed to weather a potential “AI winter,” others, like Bill Gates, recognize the profound changes AI could bring. Gates, who has substantial investments in artificial intelligence, opined in a discussion on Sam […]

Do you really need AI for your business?

Do you really need AI for your business?

Here are some ways you can use AI to increase efficiency and productivity in your company

EBL On-Demand KN Piers Linney How can SMEs effectively implement AI in their business? What are the steps to choosing the right AI solution for your company? The first day of the Elite Business Live 2024 saw hundreds of attendees in the audience as former Dragon Den Piers Linney took to the stage for the Digital Transformation keynote. Piers Linney, a serial entrepreneur and co-founder of Implement AI, spoke about the advantages of using artificial intelligence in your business – and why AI […]

New Era of Workforce Transformation: AI’s Impact on Jobs

New Era of Workforce Transformation: AI’s Impact on Jobs

As the wheel of technological progress continues to turn, we find ourselves on the cusp of a new transformative period. Goldman Sachs, a notable U.S. investment bank, released a study in 2023 predicting a seismic shift due to advancements in “generative” artificial intelligence (AI). It suggests that this new tech wave might not only improve global productivity but also disrupt the job market significantly. An estimated 300 million jobs across the United States and Eurozone could be affected by automation.

From the origins of the Industrial Revolution, productivity has hinged on breaking down complex tasks into simpler, more efficient processes. […]

Fastest-growing jobs in Texas

Stacker // Canva With the country eager to put the pandemic firmly in the rear-view mirror, the American economy continued to boom in 2023. The national unemployment rate remained around 3.6%, while the total number of people employed grew to roughly 152 million, up from 148 million in 2022.

The economy has seen several significant changes in recent years. Many people are leaving expensive coastal states such as California and New York and moving to more affordable places in the Mountain West region and the South, buoyed by companies that have embraced remote work. What’s more, in a reversal of […]

Fastest-growing jobs in Missouri

Fastest-growing jobs in Kentucky. With the country eager to put the pandemic firmly in the rear-view mirror, the American economy continued to boom in 2023. The national unemployment rate remained around 3.6%, while the total number of people employed grew to roughly 152 million, up from 148 million in 2022.The economy has seen several significant changes in recent years. Many people are leaving expensive coastal states such as California and New York and moving to more affordable places in the Mountain West region and the South, buoyed by companies that have embraced remote work. What’s more, in a reversal […]