Tag: manufactur

EXCLUSIVEIs YOUR job at risk from the AI revolution? Six experts predict roles that will be WIPED OUT by AI this decade

EXCLUSIVEIs YOUR job at risk from the AI revolution? Six experts predict roles that will be WIPED OUT by AI this decade

Who’s at risk of mass job losses caused by the AI revolution – blue or white collar workers?

Most experts agree that artificial intelligence will completely upend the American workforce ( there are already signs it’s doing so in the tech industry ).

But there have been conflicting reports about who is more at risk, lower-wage workers or middle-management types.A report by the think-tank McKinsey Global estimated Americans on the lowest wages are up to 14 times more likely to be replaced by AI those on the highest.But a separate JP Morgan report predicted ‘mass-scale white-collar job realignment’ this decade.DailyMail.com spoke […]

Automated Converting Equipment

Automated Converting Equipment

The newest equipment utilizes technology to meet the quality demands and fast turnaround times of today’s brands.

The term “game-changing” has been casually thrown around for many years, especially regarding new label and package printing product launches. In theory, every product has the potential to positively impact a label printing business, making the phrase overused. However, the advent of automated converting equipment really does fit the bill. Why? Because many of today’s converters don’t have the workforce to tackle the work flowing into print shops.

Converters that L&NW talks to cite automation as one of the industry’s hottest trends – mainly […]

The Intersection of IoT and Robotics: Transforming Industries and Workforce

The Intersection of IoT and Robotics: Transforming Industries and Workforce

iot in robotics The integration of IoT in robotics is not just about connecting devices; it’s about creating intelligent systems that can adapt and learn from their environment. These interconnected robotic softwares can optimize processes, predict maintenance needs, and enhance decision-making capabilities by harnessing the power of real-time data exchange and advanced AI algorithms.

From smart factories where robots collaborate with humans to optimize production lines, to autonomous vehicles navigating city streets, the possibilities are endless. As IoRT continues to advance, it promises to revolutionize industries, unlocking new levels of efficiency, safety, and innovation in the ever-evolving automation landscape. get […]

India stares at high youth unemployment as hiring in its behemoth IT sector slows

India stares at high youth unemployment as hiring in its behemoth IT sector slows

Employees work at the headquarters of security system developer Staqu Technologies in Gurugram, India. India is struggling to bring down youth unemployment as a fall in white-collar jobs in the IT sector has left many fresh graduates and young people unemployed.

As automation and artificial intelligence adoption picks up pace, many roles in IT are becoming redundant — a phenomenon that’s not restricted to India.

Data from recruitment firm Foundit showed that online hiring activity for both hardware and software IT plummeted by 18% last year from 2022. India is facing a youth unemployment problem as a decline […]

The Silent Shift: How AI Stealthily Reshapes Our Work And Future

The Silent Shift: How AI Stealthily Reshapes Our Work And Future

Robotic Automation Replacing Humans as tecchnology and Human Job Loss as employees being replaced by … [+] In the shadows of the digital age, a quiet revolution unfolds, reshaping the landscape of work with every passing moment. Artificial intelligence (AI), once the fodder of science fiction and speculative thought, now infiltrates every facet of our professional lives, often in ways so subtle that its impact goes unnoticed until it’s too late. This silent shift sees AI not just complementing human efforts but outright replacing them, leaving a trail of obsolescence in its wake. Thus, let’s delve into the stark […]

Does technology replace more jobs than it creates?

Does technology replace more jobs than it creates?

A new major study into US census data since 1940 has quantified technology’s impact on job loss and creation – and what AI will do in the future.

Image: Jose-Luis Olivares, MIT; iStock Ever since the Luddites were destroying machine looms, it has been obvious that new technologies can wipe out jobs. But technical innovations also create new jobs: consider a computer programmer, or someone installing solar panels on a roof.

Overall, does technology replace more jobs than it creates? What is the net balance between these two things? Until now, that has not been measured.But a new research […]

Most work is new work, long-term study of U.S. census data shows

Most work is new work, long-term study of U.S. census data shows

The majority of U.S. jobs are in occupations that have emerged since 1940, MIT research finds — telling us much about the ways jobs are created and lost.

WEBWIRE – Tuesday, April 2, 2024 Caption:Most U.S. workers are in occupations that have only emerged widely since 1940, according to a large-scale study of 80 years of U.S. census data, led by MIT economist David Autor. Credits:Image: Jose-Luis Olivares, MIT; iStock This is part 1 of a two-part MIT News feature examining new job creation in the U.S. since 1940, based on new research from Ford Professor of Economics David […]

Does technology help or hurt employment?

This is part 2 of a two-part MIT News feature examining new job creation in the U.S. since 1940, based on new research from Ford Professor of Economics David Autor. Part 1 is available here .

Ever since the Luddites were destroying machine looms, it has been obvious that new technologies can wipe out jobs. But technical innovations also create new jobs: Consider a computer programmer, or someone installing solar panels on a roof.

Overall, does technology replace more jobs than it creates? What is the net balance between these two things? Until now, that has not been measured. But […]

Blockchain technology, robotics and automation transforming the manufacturing industry

Blockchain technology, robotics and automation transforming the manufacturing industry

Representative Image

Blockchain technology is a system of storing and transferring data in a decentralized, distributed and secure way using cryptography and consensus mechanisms. By applying blockchain technology to the manufacturing sector, it is possible to achieve operational excellence, product authenticity, consumer experience and quality of care. Blockchain technology can also help manufacturers to streamline operations, gain greater visibility into supply chains and track assets with unprecedented precision. Moreover, blockchain technology can enable collaboration and innovation among different stakeholders in the industry, by lowering barriers to entry and fostering trust.

Blockchain technology is a revolutionary innovation that can transform […]

Exploring the Impact of Generative AI on Job Reduction

Generative Artificial Intelligence (AI) technologies, particularly those built on deep learning algorithms like Generative Adversarial Networks (GANs) and transformers, have garnered significant attention in recent years for their ability to create realistic content such as images, videos, text, and even music. While these advancements hold promise for revolutionizing various industries and enhancing human creativity, there are concerns regarding the potential impact of generative AI on the job market. This article delves into the intricate relationship between generative AI and employment, examining both the opportunities and challenges it presents.

The Rise of Generative AI:

Generative AI algorithms have made remarkable […]