Tag: manufactur

Technology Is Taking Over The World

Technology Is Taking Over The World

Top highlight Technology Is Taking Over The World Photo by fabio on Unsplash In the 21st century, the pace of technological advancement has accelerated at an unprecedented rate, permeating every aspect of our lives. From the way we communicate and work to how we entertain ourselves and navigate the world, technology has become an omnipresent force shaping the fabric of society. In this comprehensive exploration, we will delve into the multifaceted impact of technology on our world, examining its transformative effects on industries, economies, cultures, and the very nature of human existence.

At the heart of technology’s takeover is the […]

AI in the workplace: What college grads should know

AI in the workplace: What college grads should know

License details | Creator: rawpixels.com Artificial intelligence has become integral to America’s workplaces. With AI algorithms reaching new groups of workers, college-educated and higher-wage jobs now risk the most exposure. The question of how this will impact college graduates looking to enter the workforce arises.

“AI is a transformational technology,” Hilke Schellmann, an Emmy-winning investigative reporter and journalism professor at New York University said. “It can really help us in a lot of ways, but it can also harm people.”

According to a recent report by the Pew Research Center, workers with a bachelor’s degree or higher are more than twice […]

What kind of jobs do we need to create to become ‘developed country’?

What kind of jobs do we need to create to become ‘developed country’?

TCA Ranganathan, the former chairman of the Export Import Bank of India is a banker with a theory of everything. A clarion call has been issued to prepare a roadmap to make India a developed country by 2047. We are currently the fifth-largest economy and will soon be third-largest as we are growing faster than competitors, if evaluated by GDP numbers. This call, however, makes a different demand. It posits a shift in the thought focus of our highest policymakers away from the traditional importance attached to mere GDP numbers to a more qualitative evaluation of societal needs. This […]

How automation affect employment in manufacturing?

How automation affect employment in manufacturing?

Automation technology in manufacturing has varied effects on employment. Several studies indicate that automation technology increases total employment and employment at all skill levels in manufacturing firms, suggesting that the productivity effect outweighs the displacement effect . Additionally, automation can lead to the skill upgrading of employment composition, with a higher proportion of high-skilled labor and a decrease in low-skilled labor . Furthermore, automation can have a positive impact on employment in the service sector, offsetting the reduction in manufacturing employment . Studies also show that automation in manufacturing leads to higher profits, lower consumer prices, and higher sales, […]

Automation and the Future of Jobs: Are We All Doomed?

Automation and the Future of Jobs: Are We All Doomed?

Automation and the Future of Jobs: Are We All Doomed?

Naveed W.

· Follow 2 min read·5 hours agoLet’s face it, automation is on the rise. From self-checkout kiosks to chatbots, machines are handling tasks once done by humans. This raises a crucial question: are robots taking our jobs, leaving us all unemployed?Today, various industries are embracing automation to streamline processes. From manufacturing to customer service, automation technologies like robotics and AI are becoming commonplace. In the United States, 3,900 job losses in May 2023 were directly attributed to AI, accounting for 5% of all job losses during […]

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits

Alexander Hamilton, one of the founding fathers of the US, wrote a wealth of reports that served as building blocks for the country’s economic system. In 1791, during his time as secretary of the Treasury, Hamilton published one of his most important: the Report on the Subject of Manufactures .

It argued that the US needed to develop its manufacturing sector through the use of industrial and trade policy to grow its economy, bolster its military, increase its productivity, and catch up with the industrial and technological powerhouse of the time, Great Britain.

Hamilton died in 1804. But US policymakers, led […]

Harmonising Horizons: The futuristic symphony of automation in 2024

Harmonising Horizons: The futuristic symphony of automation in 2024

Representative Image Automation refers to the use of technology to perform tasks with minimal human intervention. Here are the different types of automation:

Fixed Automation: In fixed automation, a predefined sequence of operations remains constant and cannot be customised by the user. It is commonly used in the mechanical industry for specific tasks. Think of it as a “set-it-and-forget-it” approach where the system configuration determines the sequence of operations.

Programmable Automation: Programmable automation allows users to modify the sequence of operations based on specific requirements. Users can customise the process by changing the order of steps. It provides flexibility […]

Cobot Palletizers Brew Big Benefits for Coffee Company

Cobot Palletizers Brew Big Benefits for Coffee Company

The Robotiq Palletizing Solution with the UR10e cobot handles 1,500 boxes per day in a two-shift operation In 1897, Steve Papanicholas immigrated from Greece to Chicago, where he founded Overland Coffee Co., now Napco Brands, a family-owned coffee company that uses the same robust sourcing, roasting, and blending practices developed by Papanicholas at the turn of the century. Since its founding, the company has expanded from roasting and packaging a single in-house brand to producing four distinct coffee brands: Papanicholas, Day to Day, Versanto, and Basic Joe. It also offers a growing line of private-label coffees.

“At Napco, we have […]

How Automation is Shaping the Workforce of Tomorrow

How Automation is Shaping the Workforce of Tomorrow

Nowadays, technology is changing at lightning speed, and automation is leading the charge. This trend is reshaping how we work and live, making tasks easier, and transforming industries. Automation, simply put, is when machines do tasks instead of people. It’s not just about robots assembling cars. It’s also about software scheduling appointments or AI helping make business decisions. This shift towards automation is creating a new future for our workforce. It promises to make work more efficient and open up new possibilities for innovation.

However, the move towards automation is also about how we, as a society, adapt to these […]

10% of US workers are in jobs most exposed to artificial intelligence, White House says

10% of US workers are in jobs most exposed to artificial intelligence, White House says

Tom Grill/JGI/Tetra images RF/Getty Images CNN —

About 10% of US workers are in jobs that face the greatest risk of disruption from rapidly evolving artificial intelligence, according to a White House analysis shared first with CNN.

The report represents the most in-depth analysis to date by the White House on the impact of AI on the US workforce. It finds that workers with less education and lower income are especially exposed to AI, raising the risk that the technology could amplify inequality.The findings are part of the Council of Economic Advisers’ annual Economic Report of the President, which devotes an […]