Tag: manufactur

Blockchain Technology, robotics & automation transforming the energy industry

Blockchain Technology, robotics & automation transforming the energy industry

Blockchain technology has the potential to revolutionise the energy industry by enabling secure and transparent transactions, improving grid management, and enhancing renewable energy distribution.

The energy industry is currently undergoing a transition from a centralised model to a more decentralised one. Blockchain technology can help facilitate this transition by providing a decentralised ledger that records and verifies all energy transactions in real-time, shared across a network of computers. This technology can also automate energy transactions through smart contracts, making it easier to engage in a transactive energy system.

Blockchain can also help facilitate communication between distributed energy resources like solar panels, […]

World Consumer Day 2024: Fair and Responsible AI for Consumers -The Case for Automation and Engineering

By Sarath Wijesinghe President’s Counsel (LL.M (UCL London)), former Ambassador to UAE and Israel, former Chairman of the Consumer Affairs Authority, President of the Lanka Ambassador’s Forum – United Kingdom, Solicitor in England and Wales

In the era of rapid technological advancement, Artificial Intelligence (AI) has become an important force driving innovation across various sectors. As we celebrate World Consumer Rights Day 2024, the theme “Fair and Responsible AI for Consumers” urges us to reflect on the ethical and societal implications of AI, particularly in automation, such as automated vehicles, and engineering.
AI’s integration into automation and engineering […]

India is on a path of digitalisation that is different from China and US: Soumitra Dutta, Dean of Said Business School

India is on a path of digitalisation that is different from China and US: Soumitra Dutta, Dean of Said Business School

It’s time India starts focusing on developing a truly world-class AI infrastructure in the country to reap its dividends, says the Dean of Oxford University’s Said Business School.

Soumitra Dutta says there is an urgent need for India to increase its spend on R&D and other academic research. While India may have made a mark in the software services exports, it has lagged a bit in terms of adoption of artificial intelligence (AI), says Soumitra Dutta , Dean of Oxford University ‘s Said Business School . Dutta, a professor of Indian origin, says India has to now focus on […]

The Future Of Work: Embracing AI’s Job Creation Potential

The Future Of Work: Embracing AI's Job Creation Potential

Indiana Gregg, CEO of Wedo : an AI-aggregated platform reshaping the landscape for small businesses and independents. getty Today, AI stands poised to drive rapid transformation in the way we work. The trepidation surrounding AI’s impact on employment echoes the fears that have accompanied each technological advance. The invention of the steam engine represents a similar transformation. It reshaped economies, giving birth to new markets and a plethora of job opportunities. Similarly, other technological leaps—from the assembly line to the personal computer—have each, in turn, displaced outdated skill sets, only to create new ones in their stead. Yet, if […]

The Impact of Automation on Jobs

The Impact of Automation on Jobs

Today in 1811, the first Luddite attack in which knitting frames were actually smashed occurred in the Nottinghamshire village of Arnold. Kevin Binfield in Writings of the Luddites : “The grievances consisted, first, of the use of wide stocking frames to produce large amounts of cheap, shoddy stocking material that was cut and sewn rather than completely fashioned and, second, of the employment of ‘colts,’ workers who had not completed the seven-year apprenticeship required by law.”

Back in 1589, William Lee, an English clergyman, invented the first stocking frame knitting machine, which, after many improvements by other inventors, drove the […]

6 out of 10 jobs could be at risk of automation in Andean countries

A few days ago, Fedesarrollo revealed in the latest report “COVID-19 and Risk of automation in the labor market of Andean countries”, the effects that automation and technological change could have on the future of the labor market in countries like Bolivia , Ecuador, Peru, and above all, Colombia.

Although this is not a new term, automation in the workplace refers to the use of technology and systems to carry out work tasks or processes automatically, without direct human intervention. This concept encompasses a wide range of applications and technologies that seek to improve efficiency, precision and productivity in various […]

The rise of the robot workforce

The rise of the robot workforce

When the coronavirus brought supply chains to a halt and disrupted manufacturing across the globe, many companies quickly realised the importance of investing in automation and robotics to help them stay afloat. In a survey from the National Association of Manufacturers conducted at the start of the pandemic, 53 per cent of those in the manufacturing sector expected Covid-19 to impact their operations, while a further 35.5 per cent said they were facing supply chain disruptions.

Which is why finding fully autonomous robots that can be easily assimilated into our factories has never been more crucial. Enter MusashiAI, a joint […]

Chongqing’s smart factories drive intelligent manufacturing boost

Chongqing's smart factories drive intelligent manufacturing boost

A Sany employee works on a production line in Chongqing in July. [Photo/Xinhua] CHONGQING — In SANY (Chongqing) Industrial Park, situated in Liangjiang New Area of Southwest China’s Chongqing municipality, a large excavator rolls off from the smart production line every 17.3 minutes on average, with minimal human presence as robots are handling most tasks.

More than 700 robots are involved in welding and other tasks, enabling the production lines to operate primarily without human intervention, including assessment, according to Deng Jinghui, general manager of SANY Heavy Industry (Chongqing) Co Ltd. "The extensive use of intelligent equipment allows a workforce […]

The (Post)Pandemic Employment Model

Abstract

The year 2020 was a historic turning point, shaped by the COVID-19 pandemic and the digital revolution. This chapter explores how these forces have reshaped the employment landscape, with a focus on Romania.

Before the pandemic, work was often rigid, with an 8-h workday in physical offices. However, the pandemic brought swift changes, introducing flexibility in where and when work takes place. Teleworking became the norm, challenging the traditional 5-day workweek, with the 4-day workweek gaining traction.Global companies like Unilever and Microsoft had already experimented with the 4-day workweek, proving its potential to boost productivity and employee satisfaction. Its […]

Automation Isn’t the Biggest Threat to US Factory Jobs

Automation Isn't the Biggest Threat to US Factory Jobs

For the past few decades, there has been an ongoing debate about the rise of automation in the industrial sector, and its potential impact on American manufacturing jobs. Many experts argue that as robots and AI become more advanced, they will inevitably replace many human workers on factory floors across the country. While the growing capabilities of automated systems do pose a legitimate disruption risk to some occupations, this view overlooks several important nuances regarding the true dynamics reshaping factory employment in the US. The relationship between automation and jobs is far more complex than simply machines displacing people […]