Tag: manufactur

View: The one thing that can slow AI’s breakneck speed

View: The one thing that can slow AI's breakneck speed

Promoters of AI sell hope and assurance like previous revolutions. AI may make labor functions redundant, lead to reduced work hours, and render developers/champions unnecessary. Investments in human-like robots and hiring freezes indicate a possible future of RHRP.

Ateesh Tankha Ateesh Tankha The writer is founder-CEO, ALSOWISE Content Solutions

When they are not indulging in circus-worthy boardroom battles, promoters of AI have sought to allay the fears of governments and corporations by selling a future full of hope and assurance. Par for the course. Every political and economic revolution has offered these twin promises in lieu of a change that […]

Chronic shortages | Robots are stepping in and filling roles as worker shortages persist in the US

Chronic shortages | Robots are stepping in and filling roles as worker shortages persist in the US

Robots are stepping in and filling roles as worker shortages persist in the US In response to persistent labor shortages, companies across the United States are seemingly increasingly turning to automation, with robots and advanced technology stepping in to take up hard-to-fill critical roles once occupied by human workers.

Whilst this may seem like a concerning shift for the workforce, the move has sparked an unexpected productivity boom, potentially reshaping the landscape of the American economy and challenging traditional notions of labor and employment.

One such company, Batesville Tool & Die, found itself struggling to attract workers in a community […]

The Future of Work in Nevada: Adapting to Automation and the Gig Economy

The Future of Work in Nevada: Adapting to Automation and the Gig Economy

The future of work in NevadaPhoto byTim MossholderonUnsplash The transition into a future dominated by automation and the gig economy is reshaping the landscape of work in Nevada, as well as globally. This transformation is driven by rapid advancements in technology, including artificial intelligence (AI), machine learning, and digital platforms that facilitate freelance and on-demand work. Understanding these changes is crucial for workers, employers, and policymakers alike as they navigate the challenges and opportunities presented by this new era of work. The Gig Economy’s Expansion and Its Impact

The gig economy, characterized by short-term contracts or freelance work as […]

The autonomous robotics future is around the corner

The autonomous robotics future is around the corner

A world where robots can learn, act, and help humans autonomously has been years in the making.

Autonomous Robotics – compressed banner image Intuitive Surgical’s robots helped perform 1.6 million surgeries last year; often procedures that would have been impossible for a surgeon alone to perform safely. That’s a staggering number until you consider the fact that it accounts for less than 0.5% of surgeries performed globally. Robotics is an exciting field that holds the potential to unlock substantial value for society, but it’s still a field that is arguably in its infancy.

Today, vertical markets like manufacturing, logistics, and […]

These Are the Top 10 Threats From Artificial Intelligence The new book, “The Wolf Is At The Door,” breaks down the most pressing problems that AI presents to the world we live in.

These Are the Top 10 Threats From Artificial Intelligence The new book,

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Opinions expressed by Entrepreneur contributors are their own.The new book, The Wolf Is At The Door , teaches readers how to survive and thrive in an AI-powered world. In the following excerpt, author Ben Angel details what he has determined to be the top 10 threats that AI presents to our world today. 1. Manipulation By exploiting AI ‘s capacity to manipulate, actions such as persuading individuals to engage […]

Could artificial intelligence really boost labour productivity?

Could artificial intelligence really boost labour productivity?

Artificial intelligence has long been theorised as a cure for the West’s ailing productivity growth . As the McKinsey Global Institute has shown, workplace productivity growth has been stagnant for about 40 years. But the discourse on the productivity effects of AI has been almost entirely speculative. Until recently, evidence of large-scale exposure to AI was absent from data.

In the last 10 years, scholars such as Daron Acemoglu and David Autor have shown how computerisation has led to an intra-firm re-allocation of skills and corresponding wage premiums via skill-biased technological change. Acemoglu and Pascual Restrepo showed that the equilibrium […]

The Impact of Automation on Employment: Just the Usual Structural Change?

The Impact of Automation on Employment: Just the Usual Structural Change?

The impact of automation on employment is not the "end of work" but rather a usual structural change . Studies have shown that while there may be job displacement in certain sectors due to automation, it is compensated by job creation in other sectors, including newly created labor-intensive sectors . The introduction of robotics and AI may affect employment in "applying" sectors, but job creation in "making" sectors and complementary sectors helps to balance the overall employment shifts . Research has also highlighted the importance of technological innovation for economic progress and the need for social programs to alleviate […]

Between labour shortages and the desire to work part-time: ways out of the Swiss labour market crisis

Despite the economic downturn, Switzerland continues to enjoy a low unemployment rate and is even suffering from an increasing shortage of labour in many areas. The activation of the domestic labour potential could be a solution. However, as our employee survey reveals, confidence in the employability of older workers is declining. Respondents also show a clear preference for part-time work. This article discusses what options are available to combat the labour shortage.

After two years characterised by significant price increases and declining economic strength, the outlook for 2024 appears bleak. A silver lining, however, is that we have not yet […]

Between labour shortages and the desire to work part-time: ways out of the Swiss labour market crisis

Between labour shortages and the desire to work part-time: ways out of the Swiss labour market crisis

Despite the economic downturn, Switzerland continues to enjoy a low unemployment rate and is even suffering from an increasing shortage of labour in many areas. The activation of the domestic labour potential could be a solution. However, as our employee survey reveals, confidence in the employability of older workers is declining. Respondents also show a clear preference for part-time work. This article discusses what options are available to combat the labour shortage.

After two years characterised by significant price increases and declining economic strength, the outlook for 2024 appears bleak. A silver lining, however, is that we have not yet […]

Embracing the Future of Work: Automation and AI Revolutionizing Employment

Table of Contents

> Introduction

Impact of Automation and AI on Employment Automation of Routine Tasks Creation of New Job Roles Replacement of Certain Job Roles Increasing Demand for AI-Related Skills Adapting to the Changing Landscape The Importance of Acquiring New Skills Role of Employers, Governments, and Educational Institutions Conclusion Note: The above table of contents consists of four main headings, each with subheadings. The Future of Work: Embracing Automation and AI The world of work is undergoing a rapid transformation with the advancement of automation and artificial intelligence (AI). These technologies are reshaping employment opportunities and posing […]