Tag: manufactur

Eye-opening Statistics on Job Displacement Due to Automation (2023 Data)

Eye-opening Statistics on Job Displacement Due to Automation (2023 Data)

Automation has been a worry for years, as many traditional/manual patterned workers are seen losing their jobs to machined-based labor daily. It replaces human efforts with technology and results in job displacement. Although many workers have been displaced and more are still on the verge of being replaced, digital transformation is still the bomb. As per the estimates, by 2025, 85 million jobs will be lost to automation worldwide.

The global pandemic gave rise to many job displacements, as most businesses and shopping were transacted online. It’s been a struggle for recovery since the pandemic, and there’s little to no […]

Collaborating with Robots

Collaborating with Robots

Safety scanners alert robots to stop as soon as an employee enters the cell. This setup enables humans and robots to work side-by-side with no safety guarding. (Provided by Universal Robots) Between “Blade Runner,” “Terminator,” “The Matrix” and other blockbuster movies, Hollywood has painted a frightening picture—one in which intelligent machines attempt to destroy humanity. And while artificial intelligence (AI) promises to change much about our future, it’s unlikely that neither it nor advanced automatons will do more than make our lives easier and more productive over the coming years. Let’s hope.

In the meantime, robots are bringing significant and […]

Hicks: Face facts, factory jobs aren’t coming back

Hicks: Face facts, factory jobs aren't coming back

Ball State University MUNCIE, Ind. – I give a number of public talks each year on changes to the state and local economy. One trick I use to help folks understand these changes is to ask a couple questions. This sets up a great discussion about issues ranging from educational attainment to quality of life to economic development and trade policy.

The first question is simple: “In what year did Indiana’s manufacturing economy produce the most ‘stuff’ as measured in inflation-adjusted dollars?” Economists call this Gross Domestic Product, and it is measured as the value-added production in our state. That […]

Will AI steal my job? Maybe — but here are some possible new opportunities

Will AI steal my job? Maybe — but here are some possible new opportunities

Employees at work with robots in an Amazon warehouse near Paris. Picture: Getty Images The conversation about AI and the workplace is understandably dominated by the downsides — after decades of automation eliminating manufacturing jobs, people in the service sector are worried about being replaced by “robots”.

But every technological shift creates as well as destroys jobs. Artificial intelligence — at least in its current iteration, which uses large language datasets to create text, audio and video — is no different. What is, perhaps, surprising is the type of jobs it will create.

What kind of jobs are being created right […]

The Rise of Automation: How Robotics is Shaping Modern Workplaces

The Rise of Automation: How Robotics is Shaping Modern Workplaces

In the dynamic landscape of the 21st century, technology is propelling humanity toward new frontiers. Central to this transformation is the integration of automation and robotics into diverse industries, heralding the rise of an era where machines work hand in hand with humans. The impact of this phenomenon, known as the Fourth Industrial Revolution, is reverberating across modern workplaces globally. From factory floors to office spaces, robotics is reshaping the very essence of work. This article embarks on a comprehensive exploration of the profound implications of robotics on modern workplaces, unraveling the far-reaching benefits, imminent challenges, and the exciting […]

Will AI steal my job? Maybe – but here are some possible new opportunities

Will AI steal my job? Maybe – but here are some possible new opportunities

Employees at work with robots in an Amazon warehouse near Paris. Photograph: Philippe Lopez/AFP/Getty Images The conversation about AI and the workplace is understandably dominated by the downsides – after decades of automation eliminating manufacturing jobs, people in the service sector are worried about being replaced by “robots”.

But every technological shift creates as well as destroys jobs. Artificial intelligence – at least in its current iteration, which uses large language datasets to create text, audio and video – is no different. What is, perhaps, surprising is the type of jobs it will create. What kind of jobs are being […]

A New Era of Automation: The Impact of Robotic Welding on Asia-Pacific’s Technology Sector

A New Era of Automation: The Impact of Robotic Welding on Asia-Pacific’s Technology Sector

Exploring the New Era of Automation: The Impact of Robotic Welding on Asia-Pacific’s Technology Sector

The dawn of a new era of automation is upon us, and it is being ushered in by the rapid advancement of robotic welding. This technological revolution is having a profound impact on the Asia-Pacific’s technology sector, reshaping industries and transforming the way businesses operate.

Robotic welding, a process that uses programmable robots to automate the welding process, is not a new concept. However, recent advancements in technology have made it more efficient, accurate, and cost-effective than ever before. This has led to a surge […]

6 Ways Robots are Changing Manufacturing

6 Ways Robots are Changing Manufacturing

Rasmus Smet Jensen, VP of marketing and strategy at Mobile Industrial Robots (MiR). As robots began to be deployed in automotive plants 40 years ago, experts predicted the technology would quickly transform manufacturing. That fast, comprehensive transformation, however, didn’t come about.

“The expected revolution didn’t happen,” says Jeff Burnstein, president of the Association for Advancing Automation.

But robot technology continued to improve and expand to other sectors of manufacturing and society as a whole. Call it a marathon, not a sprint, with lots of checkpoints and milestones along the way. Early Days in Automotive In the early 1980s, robotic welding applications […]

AI and the future of work – a reality we are immersed in

AI and the future of work – a reality we are immersed in

During the pandemic (2019–22), a 50% increase in the number of occupational shifts took place, in particular people leaving food services, in-person sales and office support for other occupations.

Covid-19 had a major influence on the nature of work, such as the introducing of remote or hybrid models of work. It also contributed to the “Great Resignation” of 2021, when record numbers of employees voluntarily quit their jobs.

What is interesting is that accommodation, food services, in-person sales, office support, leisure and hospitality had the highest resignation rates, while retail trade and non-durable manufacturing experienced the greatest growth in employees who […]

Understanding the Impact of AI on Growth and Employment

Understanding the Impact of AI on Growth and Employment

The rapid advancement of artificial intelligence (AI) in recent years has raised questions about its effects on economic growth and employment. AI has brought significant changes to various industries, reshaping the landscape of productivity and job dynamics. This has led to a reevaluation of its impact on job creation and displacement. It is important to understand the implications of AI on workforce evolution, skills requirements, and overall economic expansion.

AI has emerged as a transformative technology with broad implications for economic growth and employment. Its influence can be seen in sectors such as manufacturing, healthcare, finance, and retail. AI technologies […]