Tag: manufactur

How Digital Transformation is Shaping Job Roles

Digital transformation, the integration of digital technology into all areas of a business, fundamentally changes how companies operate and deliver value to customers. It’s also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure. This phenomenon is not just altering business models but is also reshaping job roles across various industries. The Evolution of Job Roles

1. New Job Titles and Functions

Digital transformation has given birth to entirely new job titles and functions that didn’t exist a decade ago. Positions such as Data Scientists, Cybersecurity Analysts, Cloud Architects, and […]

Nucor leans into automation to boost productivity, safety

Nucor leans into automation to boost productivity, safety

A Nucor electric arc furnace. The company’s investments in automation at several steel plants have helped reduce manual labor and improve worker safety. Dive Brief:

Nucor is investing in automation to manufacture its steel products as it looks to cut costs and boost factory safety, the company’s CEO Leon Topalian said on a Q2 earnings call on July 22.

As part of its automation investment, Nucor is working on automating its material handling equipment at multiple plants, including upcoming plants in Indiana and Alabama. “We’re seeing the potential applications of AI and automation in a whole raft […]

What role does technological advancement play in determining future salary trends and wage structures?

What role does technological advancement play in determining future salary trends and wage structures?

Table of Contents 1. The Impact of Automation on Job Displacement and Salary Adjustments

2. Artificial Intelligence and Its Influence on Skill Demand and Compensation

3. The Role of Remote Work Technology in Reshaping Wage Structures 4. Emerging Technologies and Their Effect on Industry-Specific Salary Trends 5. Skill Gaps and the Wage Premium for Tech- and Data-Savvy Professionals 6. The Future of Salary Negotiations in a Digitally-Driven Job Market 7. Legislative Responses to Technological Changes and Their Impact on Wage Policies Final Conclusions 1. The Impact of Automation on Job Displacement […]

India’s Growth Stalemate: Breaking Free From The Middle-income Trap

India's Growth Stalemate: Breaking Free From The Middle-income Trap

# Middle-income Trap

# Economic growth

Economic growth isn’t just a numerical target; it’s the lifeblood of a nation’s prosperity, writes the author India’s economic growth has been substantial but has fallen short of generating sustained high growth rates necessary to absorb its expanding workforce. This persistent growth gap is the root of the country’s employment crisis. The hope that the manufacturing sector would be a major job creator is diminishing as automation increasingly replaces human labour. *India’s Job Crisis: It’s Not About Numbers, It’s About Growth The prevailing narrative often emphasises job creation, yet the […]

The Rising Importance of Critical Minerals in the Job Market

The Rising Importance of Critical Minerals in the Job Market

Stuart Gentle Publisher at Onrec As the global transition towards renewable energy and electric vehicles (EVs) accelerates, the demand for critical minerals such as lithium, cobalt, and nickel is surging.

These minerals are essential components in the production of lithium-ion batteries, which power everything from smartphones to EVs.

This growing demand has profound implications for various sectors, including the job market, making it a topic of significant interest for industry stakeholders. The Economic Impact of Critical Minerals The burgeoning demand for critical minerals is not just reshaping industries but also creating numerous job opportunities across the supply chain. From mining and […]

Comment: How enhanced connectivity is revolutionising rural manufacturing

Comment: How enhanced connectivity is revolutionising rural manufacturing

Opinion

Sandeep Raithatha, Head of Strategy, Innovation & 5G IoT at Virgin Media O2 Business, explains how better connectivity is facilitating Industry 4.0 off the beaten track. Adobe Stock Over the past decade, the digital landscape has rapidly evolved, reshaping industries and economies worldwide. While urban areas have seen the benefits from this digitisation, rural regions, particularly in the manufacturing sector have often been overlooked. However, the potential in these areas is immense. Improved connectivity can revolutionise rural manufacturing by enhancing efficiency, enabling greater automation to reduce human error and machine failure, real-time monitoring, and data processing, and supporting […]

Technology set to replace third of agriculture jobs over next decade: Report

Technology set to replace third of agriculture jobs over next decade: Report

A new report says a third of all agriculture jobs in Canada could be automated within the next decade. A farmer drives a combine to harvest a wheat crop near Cremona, Alta., Monday, Sept. 18, 2023. Photo by Jeff McIntosh /The Canadian Press Article content

OTTAWA — A third of all agriculture jobs in Canada could be automated within the next decade, according to a new report.

The Conference Board of Canada says that’s alongside a fifth of jobs in food and beverage manufacturing which could also become automated.Alain Francq, director of innovation and technology at the organization, says automation […]

Navigating The Rise Of Artificial Intelligence

Navigating The Rise Of Artificial Intelligence

In a rapidly changing global landscape, many nations are grappling with the implications of emerging technologies, particularly in the realm of artificial intelligence and its increasing integration into everyday life. This phenomenon raises significant questions regarding privacy, security, and the economic landscape, compelling governments, corporations, and the public to reassess their relationship with technology. Amid this backdrop, several key dynamics are unfolding, influencing everything from job markets to data ethics.

The rise of artificial intelligence, touted for its potential to revolutionize various sectors—including healthcare, education, and transportation—has also sparked a corresponding wave of concern among policymakers and experts. These concerns […]

Fetch.ai Research Reveals How Autonomous Supply Chains Could Take Manufacturing Jobs

Fetch.ai research finds AI is set to take over supply chain jobs. Image: CFOTO on Getty Images Autonomous supply chains offer many benefits but cannot handle sudden disruptions.

Blockchain-enabled supply chains are already adopting AI bots into their networks.

AI automation in supply chains will result in significant numbers of workers being displaced. A new research paper co-authored with Fetch.ai has found that supply chain systems bolstered with artificial intelligence (AI) can offer some improvements, but fail to adapt to real-world problems.Looking at the potential of autonomous supply chains (ASCs), the paper indirectly highlights the looming labor market and […]

Schaeffler’s Digitalization Strategy To Boost OEMs’ Productivity

Schaeffler's Digitalization Strategy To Boost OEMs’ Productivity

The fusion of automotive engineering and digital technology has been ushering in a new paradigm of not only in mobility but also in the way the vehicles and their parts are produced. Besides, driven by end customers, the vehicle makers are offering several features, which calls for shorter lead times and more variants. Therefore, the automotive suppliers are swiftly switching to digitalisation as agility and being dynamic are key for success. “The core technology that we have in our factories, combined with new technologies like digitalization, will enhance our production system to react faster, to communicate faster, and to […]