In the course of recent years, automation abilities have expanded definitely. Through incorporated work processes and data platforms, a wide scope of opportunities has made it feasible for organizations to automate their day to day and vital procedures so as to expand effectiveness.
Obviously, the majority of that is hypothetical. For tech organizations, particularly those in the fast-developing Asia Pacific region, one concern matters most importantly: is automation justified, despite all the trouble? All the more explicitly, by what means can the idea enable me to enhance incomes and develop my business while keeping up or bringing down operating resources?
Robots are progressively taking over the manufacturing duties of humans. Automation is great for profits and productivity. However, there is concern that by the middle of this century, most people might not have a job. There are concerns that robot workers are replacing human jobs. It is a rational thing to worry about given the rise of automated solutions to many tasks traditionally carried out by humans, such as self-driving vehicles, AI customer service bots and robots doing manufacturing duties.
However, according to a recent report by ManpowerGroup titled “Humans Wanted: Robots Need You” , the actual impact automation is […]
The final version of the World Development Report (WDR) 2019 of the World Bank released at the end of November 2018 landed like a bombshell. It was a powerful refutation of the World Bank’s own 2016 WDR, which declared that the proportion of jobs threatened by automation was 69 per cent in India and 77 per cent in China. With such startling figures, the 2016 WDR figures stunned not only India but the entire world.
True, automation based on interrelated processes of robotics, artificial intelligence (AI), internet of things (IoT) – with some secondary processes like 3D printing in manufacturing […]
The lift-operator is a peculiar person. He sits on a stool inside a small, claustrophobic space. In the olden days his job required quite a few skills. Back then, lifts were manually operated with a large lever, and it was the responsibility of the lift-operator to regulate the speed of the lift. His task also involved synchronising his timing in order to make sure that the lift always stopped parallel to the floor. It was almost as exciting as landing an aeroplane. However, nowadays most lifts can be operated by the user with the mere push of a button. […]
A take on some of the key features of the bad business utopias that are busy colonizing the future. Photo by Morsa Images/Getty Images The near future is more likely to be a neoliberal dystopia than the tech-enabled utopia conjured up by big business, writes Peter Fleming in The Worst Is Yet to Come: A Post-Capitalist Survival Guide . He argues that we need “radical pessimism” to aim for the future we actually want, and aids the effort with sardonic humor that skewers the mythologies of our exploitative economic system.
In 1949, the right-wing economist F. A. Hayek published […]
(Photo: Photo provided by Ball State University) Manufacturing employment has enjoyed a long recovery since the darkest days of the Great Recession. As of late last year, we have a full 108,000 more factory jobs than in summer 2009, which marked the trough of the business cycle. This recovery eased some of the deep impacts of automation and trade that cost the United States and Indiana about one third of all factory jobs.
Here in Indiana, from January 2000 through the start of the Great Recession, factory employment dropped some 126,600 workers. From the December 2007 through the end of […]
This – I have observed entire teams and departments that have no reason to exist except to exist. I had a manager once go "But X is doing this manually. Why are you trying to make it run automatically in the codezzzz? Don’t do it." X was a 40 year old guy who’d been doing nothing but writing SQl Queries to manually process some Invoice data and write them into tables that were used to generate reports. I was told how to streamline the process but then they didn’t want to do it cos X would […]
Once upon a time, around 30 years ago, the oil industry was at the forefront of technological innovation, pushing boundaries with creations borne out of necessity, such as digital well logs, electrical submersible pumps and 3D seismic imaging tools, which use sound waves to create a 3D image of geological formations. In years following, the focus shifted. As oil prices skyrocketed in 2011, the aim became maximizing production and, in relative terms, technology took a backseat . However, with oil prices currently at $72/barrel , the narrative has shifted again. The players in this tumultuous market have started looking […]
TORONTO – Much has been written about the “future of work,” and much of it makes for gloomy reading. Study after study predicts that automation will upend entire industries and leave millions unemployed. A 2013 paper by two Oxford professors even suggested that machines could replace 47 per cent of jobs in the United States within “a decade or two.” Conclusions like these sustain the narrative that the future will inevitably be jobless. And yet this view is favored primarily by the corporate sector and supported by negative trends in the so-called gig economy; workers and trade unions have […]
Automation does not mean that human work must disappear, only that it could become more productive. Photo: Bloomberg Much has been written about the “future of work,” and much of it makes for gloomy reading. Study after study predicts that automation will upend entire industries and leave millions unemployed. A 2013 paper by two Oxford professors even suggested that machines could replace 47 percent of jobs in the United States within “a decade or two.”
Conclusions like these sustain the narrative that the future will inevitably be jobless. And yet this view is favored primarily by the corporate sector and […]