Tag: manufactur

AI will create more jobs than it kills

AI will create more jobs than it kills

Artificial intelligence holds far-reaching consequences for modern economies. Many of the jobs we are asked to do will change; a lot of them might disappear altogether. Facing this existential upheaval, experts advise that smart AI regulation will be needed — well, who could object to smart regulation? But the forms it should take, its methods and even its purposes, are unclear.

A good start might be to frame the problem more carefully. Easier said than done, perhaps, because AI is in many respects not technological progress as usual. Even so, earlier technological revolutions have relevant lessons. One worth pondering concerns […]

This New Factory Will Churn Out Humanoid Robots – And It Is About To Open

This New Factory Will Churn Out Humanoid Robots – And It Is About To Open

In a groundbreaking development, the Pacific Northwest is set to witness the inauguration of the world’s first large-scale humanoid robot factory, ominously dubbed “RoboFab.”

Damion Shelton, the CEO of Agility Robotics, revealed in an unsettling interview with Axios that the company aims to produce a staggering 10,000 robots at its new facility, heralding a significant shift in the landscape of robotic manufacturing.

Agility Robotics, a company founded in 2016, is poised to transform from a marginal player into one of the foremost producers in the United States. Referring to their walking and working robots as “humanoids,” Shelton emphasized the urgency of […]

AI Revolution: Job Disruption or Opportunity?

AI Revolution: Job Disruption or Opportunity?

AI’s integration will trigger a global shift in job landscapes by 2030, causing displacement and spawning new roles, emphasizing the urgent need for skill adaptation in the workforce. Photo Credit: Pexels

In an era of technological innovation, the rise of Artificial Intelligence (AI) has sparked widespread debate and concern about its impact on the workforce. While AI promises efficiency, productivity, and transformative advancements across various industries, it also raises apprehensions about potential job displacement. The question on many minds is whether AI will take away jobs or create new employment opportunities.

Integrating AI and automation technologies into the workplace has […]

What Is Automation Robotics

What Is Automation Robotics

Benefits of Automation Robotics

Automation robotics has revolutionized industries across the globe, providing numerous benefits for businesses of all sizes. From increased productivity to improved safety, the advantages of automation robotics are undeniable. Let’s explore some of the key benefits:

> Enhanced Productivity: One of the primary benefits of automation robotics is its ability to significantly increase productivity. Automated systems can perform tasks with greater speed, precision, and efficiency compared to human workers. This leads to higher output levels, shorter production cycles, and improved overall operational efficiency. Cost Savings: Implementing automation robotics can lead to substantial cost savings for […]

How To Enhance Productivity In The Digital Era

How To Enhance Productivity In The Digital Era

Mohit Sharma, Founder & Executive Chairman, Mindfields Consulting – Hyperautomation advisory and implementation firm. getty According to an Australian Productivity Commission report , Australia saw a 4.6% drop in labor productivity between March 2022 and March 2023, the fastest on record. This is despite the amount of private investment in AI being 18 times greater in 2022 compared to 2013. Increasing labor costs have further added to the challenge. Gartner, Inc. predicts productivity will be a top-five CEO strategic business priority by 2025. Redefining Productivity For The Digital Era

The Productivity Commission defines productivity as "a measure of the […]

Green transition, technology to impact jobs and skills in 5 years- Future of Jobs Report 2023

Green transition, technology to impact jobs and skills in 5 years- Future of Jobs Report 2023

The 2023 Future of Jobs Report investigates the anticipated evolution of jobs and skills over the next five years.

The report seen by Nairametrics, is in on fourth edition and it builds upon previous analyses of employer expectations, offering fresh insights into the ways socio-economic and technological trends will influence the future workplace.

This edition has extensive coverage by exploring macro trends, technology trends, and workforce transformation strategies.It gathered insights from 803 companies, employing over 11.3 million workers across 27 industry clusters and 45 economies, the Future of Jobs Survey spans topics, geographies, and sectors.It delves into the impact of trends […]

The future of Kenya’s agribusiness is automation and mechanisation

The future of Kenya’s agribusiness is automation and mechanisation

A tea plucking machine in operation at a tea estate in Kericho. FILE PHOTO | VITALIS KIMUTAI | NMG The logistics and supply chain industry is going through an upgrade globally. Thanks to robotic process automation, artificial intelligence (AI), and so on. Operations are being automated and streamlined, and workers are now tasked with managing sophisticated technology instead of performing mundane tasks. Here’s how technology is changing the supply chain for the better.

Smart sensors and parts can detect failure before it happens, and smart algorithms can determine the best price for replacement parts using multiple factors.

AI has unlimited applications […]

AI-powered digital colleagues are here. Some ‘safe’ jobs could be vulnerable.

AI-powered digital colleagues are here. Some 'safe' jobs could be vulnerable.

Office jobs, once considered largely shielded from AI, are threatened – and faster than many people imagined they might be Humans already work alongside robots in industries such as manufacturing. Now, for knowledge workers, the threat of AI replacement is coming faster than they imagined.

In early 2023, OpenAI’s ChatGPT ushered in a new era – one in which artificial intelligence went from a pipe dream to a very real, contentious issue for workers. The stakes are high: an April report from Goldman Sachs estimates ChatGPT, and other similar generative AI tools, could increase global GDP by as much […]

Automating Implant Orders: A Turning Point in Healthcare’s Digital Transformation

Automating Implant Orders: A Turning Point in Healthcare’s Digital Transformation

Chris Luoma, Senior Vice President and Chief Strategy Officer, GHX Advancements in medical technology have increased the demand for surgical implants. These implants, such as artificial joints and heart valves, pacemakers, ventricular shunts and cochlear implants, have revolutionized how doctors treat patients, helping them live better, more fulfilling lives.

The implantable device market is projected to reach $166.3 billion by 2032. Although this growth is exciting, it also highlights the need for healthcare to transform digitally.

Implant orders currently account for approximately 10 percent of all purchase orders, representing 40 to 60 percent of supply chain spend. Today, only a tiny […]

How can a data-driven network model be used to study occupational mobility and automation?

How can a data-driven network model be used to study occupational mobility and automation?

A data-driven network model can be used to study occupational mobility and automation by analyzing how workers transition into new jobs in response to automation scenarios. The model takes into account the network structure of occupational mobility and its impact on unemployment levels [1] [2] [3] . At a macro level, the model reproduces the Beveridge curve, a key stylized fact in the labor market, providing insights into its counter-clockwise cyclicality [4] [5] . At a micro level, the model provides occupation-specific estimates of changes in short and long-term unemployment corresponding to automation shocks . The network structure plays […]