Rockwell Automation India Concludes “India Inc. on the Move,” Aims to Make India Global Manufacturing Hub

Rockwell Automation India Concludes

Advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), robotics, Big Data, the Internet of Things (IoT), etc., are catalyzing transformation and reshaping the global manufacturing landscape. As India is gearing up to become ‘Atmanirbhar’ in the truest sense, the manufacturing sector is poised to drive this growth riding on digital technologies. Hence, to discuss how technologies are changing the face of manufacturing, CNBC-TV18 and Moneycontrol in collaboration with Rockwell Automation, brought together experts and industry leaders in an engaging and insightful two-day virtual summit – ‘India Inc. On The Move’.
Dilip Sawhney, managing director, Rockwell Automation India, […]

Rockwell Automation India Concludes “India Inc. on the Move,” Aims to Make India Global Manufacturing Hub

Rockwell Automation India Concludes “India Inc. on the Move,” Aims to Make India Global Manufacturing Hub

To discuss how technologies are changing the face of manufacturing, CNBC-TV18 and Moneycontrol in collaboration with Rockwell Automation, brought together experts and industry leaders in an engaging and insightful two-day virtual summit – ‘India Inc. On The Move’.

Advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), robotics, Big Data, the Internet of Things (IoT), etc., are catalyzing transformation and reshaping the global manufacturing landscape. As India is gearing up to become ‘Atmanirbhar’ in the truest sense, the manufacturing sector is poised to drive this growth riding on digital technologies. Hence, to discuss how technologies are changing the […]

Workers fear robots and automation from Covid are here to stay. But they create jobs.

Workers fear robots and automation from Covid are here to stay. But they create jobs.

Before the pandemic, headline-grabbing advances in artificial intelligence and robotics — such as gaming champ AlphaGo becoming the first computer program to beat a human professional player at the board game Go, and those cool/scary videos of gymnastic machines from Boston Dynamics jogging and jumping and tumbling — led to numerous stories and books about robots taking all the jobs. That, even as unemployment was falling to its lowest levels since the 1960s .

Wait until the government tries to define “robot” for tax purposes and a legion of corporate lobbyists charge into battle, gumming up the works for the […]

What Can’t AI Do?

One of the only lucid thought experiments ever carried out by econometricians, the “red bus-blue bus” problem illustrates a central drawback that comes with using statistical estimation to quantify the probability a person makes a specific choice when faced with several alternatives. As the thought experiment goes, imagine that you’re indifferent between taking either a car or a red bus to work. Owing to your indifference, an estimate of your probability of picking either option is a coin flip. There is a 50 percent chance that you’re taking the car and 50 percent that you’re taking the red bus. […]

5 ways artificial intelligence may hurt the Black community

5 ways artificial intelligence may hurt the Black community

Photo credit: Shutterstock / Tatiana Shepeleva In 1932, English author Aldous Huxley published Brave New World , in which he describes a future world dominated and controlled by machine learning and artificial intelligence .

Artificial intelligence (AI) is a comprehensive branch of computer science consumed with building smart machines capable of performing tasks that characteristically necessitate human intelligence. It is an interdisciplinary science with multiple approaches that cross every sector of the tech industry.

As the use of machine learning and artificial intelligence grows, some ethical considerations pertaining to the impact it will have on society will have to be examined. […]

Robots and your job: how automation is changing the workplace

Robots and your job: how automation is changing the workplace

A new study shows that robots are changing the workplace in unexpected ways. A new survey-based study has explored how automation is changing the workplace.

In spite of popular beliefs, robots are not replacing workers, with data showing that increased automation actually leads to more hiring overall.

However, as a result of technology which reduces human error, managers of high-skilled workers may not be required as much. Lynn Wu co-author of The Robot Revolution study encourages leaders to prepare for automation, to maximize the new benefits. If you’re worried that robots are coming for your job, you can relax […]

The Robots Are Coming. Is Your Firm Ready?

The Robots Are Coming. Is Your Firm Ready?

Wharton’s Lynn Wu talks about her research on how automation is reshaping the workplace in unexpected ways. If you’re worried that robots are coming for your job, you can relax — unless you’re a manager.

A new survey-based study explains how automation is reshaping the workplace in unexpected ways. Robots can improve efficiency and quality, reduce costs, and even help create more jobs for their human counterparts. But the study also finds that more robots can reduce the need for managers.

The study is titled “The Robot Revolution: Managerial and Employment Consequences for Firms.” The co-authors are Lynn Wu , professor […]

The Robots Are Coming. Is Your Firm Ready?

The Robots Are Coming. Is Your Firm Ready?

If you’re worried that robots are coming for your job, you can relax — unless you’re a manager.

A new survey-based study explains how automation is reshaping the workplace in unexpected ways. Robots can improve efficiency and quality, reduce costs, and even help create more jobs for their human counterparts. But the study also finds that more robots can reduce the need for managers.

The study is titled “The Robot Revolution: Managerial and Employment Consequences for Firms.” The co-authors are Lynn Wu , professor of operations, information and decisions at Wharton; Bryan Hong , professor of entrepreneurship and management at the […]

Germany’s Auto Giants Are Going Electric — But It Won’t Save Jobs

Germany’s Auto Giants Are Going Electric — But It Won’t Save Jobs

Volkswagen employee checks an ID.3, a new electric model, in the light tunnel of the Transparent Factory in Dresden. (Photo by Matthias Rietschel / picture alliance via Getty Images) German auto production employs around eight hundred thousand people — with a further 1.8 million jobs indirectly linked to the industry. But even these figures don’t convey quite how important it really is. Apart from the fact that brands like Volkswagen are known the world over, the sector drives industrial knowhow upon which the German economy’s strength relies.

Today, the industry faces severe crisis. Tens of thousands were laid off last […]

The Future of Automation

The Future of Automation

Probably no one needs as much convincing regarding the future of automation and its impact on employment as Jason E. Smith and Aaron Benanav, who have recently authored the following two books: Smart Machines and Service Work: Automation in an Age of Stagnation and Automation and the Future of Work . Each serves as a calming antidote to the often hyperbolic pronouncements emanating from popular and scholarly accounts.

Remarkable about both books is the degree to which they cover the same terrain and use similar arguments to debunk a cult of automation that has excited nouveau-billionaires like Elon Musk while […]