Tag: productivity

Smart tractor comes to SA, buzzwords in tow

Smart tractor comes to SA, buzzwords in tow

In 2020, it says, it will launch the new 8RX tractor in South Africa. It is claimed to integrate “artificial intelligence, the Internet of things, and advanced automation to help farmers work more efficiently while also gathering data to make more informed decisions and increase future machine intelligence”

That is almost a jackpot of 4th industrial revolution buzzwords. So what lies behind this exuberance?

“We are very excited about the impact that the new 8RX tractor will have on improved yields in Africa,” says Freddie Rupping, Production System Specialist, Tractor Marketing, John Deere Sub-Saharan Africa.Yields are the key, and that promise […]

Population Boom Masks Lingering Productivity Concerns in Canada

(Bloomberg) — Canada’s immigration-driven population boom gets credit for driving employment gains, bolstering housing markets and keeping the nation’s expansion running.

But it’s also masking a deeper economic problem that will hamper the nation’s long-term growth: sluggish productivity gains.

Over the past two years Canada’s productivity hasn’t grown at all. And while the latest data due this week is poised to show a pick-up, it’s likely not sustainable, according to Bank of Montreal Chief Economist Doug Porter.“When you look at Canada’s overall growth rate it’s basically just keeping pace with population growth and not much else,” Porter said, citing meager business […]

Technology could widen the gender employment gap – IMF

Technology could widen the gender employment gap – IMF A new report from the International Monetary Fund (IMF) has found that women face a greater threat of losing their jobs to technology than their male counterparts.

According to the study, up to 26 million women in major economies could see their jobs displaced within the next two decades, if technology continues at its current rate. That puts 11 percent of women at high risk (70 percent likelihood) of job disruption compared to 9 percent of men. The stated that this could lead to a further widening of the pay gap […]

What Is The Future Of Work In The Tradable Sector?

What Is The Future Of Work In The Tradable Sector?

Last week we held a screening of the film American Factory at the Harvard Business School (HBS), attended by film director Steven Bognar and representatives of the production company, Participant Media . The event was part of the school’s Documentary Series, and it was an opportunity to discuss views on the future of work, especially manufacturing work in the heartland of America. NPR says we should all watch it , and now that I have seen it several times, I couldn’t agree more.

The film documents the establishment of a new automotive window glass manufacturing facility by the Chinese company […]

By the numbers: how automation is affecting financial services jobs

By the numbers: how automation is affecting financial services jobs

Andy Haldane, the Bank of England’s chief economist, has regularly hit the headlines for his outspoken opinions on artificial intelligence (AI) and automation. In 2015, Mr Haldane claimed the jobs of up to 15 million people across the country could be replaced by robots in what he called a "third machine age".

Last year, he again emphasised the possibility of a "hollowing out" of the labour market if AI continued to advance and automate roles that require cognitive skills. However, the OECD has downplayed the potential of mass unemployment, arguing that previous studies underestimated how difficult it is to automate […]

Job opportunities for Filipino youth

Job opportunities for Filipino youth

Bernardo M. Villegas A very insightful article that appeared in the Financial Times (August 27, 2019) by Noami Climer, co-chair of the Institute for the Future of Work in the U.K.) expounds on what it means to treat technology as an enabler rather than a threat. Starting with the observation that automation and AI are coming (indeed, they are already here) whether we like it or not, Ms. Climer says that it is up to us to determine whether the inevitable robots replace us at work or make our work happier and more rewarding. According to her: “At the […]

Automating A Job Reddit

Radio Free Europe/Radio Liberty published this data story about the price of Russian oil across Europe. The uncertain situation is additionally stressful because it’s hard to separate facts about the future of automation’s impact from (science. AI and automation are certain to have a big impact on today’s employment landscape. These are the top 10 best and worst jobs for the future. The more a job can be broken down into a series of routine tasks, the more likely it can be replaced. Gunbot allows you to easily automate professional crypto trading strategies. , where she fed paper into […]

Brexit voters more likely to live in areas at risk from rise of robots

Brexit voters more likely to live in areas at risk from rise of robots

Brexit supporters are more likely to live in areas most threatened by the economic impact of automation, according to a study of the impact of robots and artificial intelligence in the workplace.

A map of the parts of the UK likely to be hit by automation fits more closely with the map of leave voters than any other factor, said the Institute for the Future of Work (IFW) .

Up to 15 million workers are expected to have their employment prospects endangered by automation over the next decade, according to a series of reports that have tried to gauge the […]

Smart Factories and its Viability in India

Smart Factories and its Viability in India

A recent study from Capgemini Research Institute suggests that smart factories hold the potential of contributing at least $1.5 trillion to the global economy over the next four years through benefits such as productivity gains, improvements in quality and market share and customer services.

The research report, published by wire agency IANS further goes on to suggest that smart factories, leveraging digital technology, transformed 30 per cent of factories over the past two years. It said that 33 per cent of the organizations that planned to covert in 2017 have done so now. The report goes on to add […]

How Automation is Impacting Jobs and Wages

How Automation is Impacting Jobs and Wages

Automation has the potential to improve productivity while lowering overhead costs. There’s no question that automation will touch virtually every industry, but will it wipe out the human workforce entirely?

In the future, robots could replace a human workforce . But for now, experts say that only about a quarter of jobs will be on the chopping block.

Here’s how automation is shaping the job market and wage growth. 25% of Jobs are Threatened by Automated According to researchers at Brookings Institution, only 25% of U.S. occupations are at a “high risk” of losing jobs due to advancements in automation. […]