Tag: productivity

Infographic: The Jobs Artificial Intelligence Will Take Over First

Infographic: The Jobs Artificial Intelligence Will Take Over First

We’re poised for the biggest transformation in the world’s workforce since the industrial revolution, and it’s all thanks to AI. Breakthroughs in technology mean many different jobs – 30% of jobs in Britain – could be changed because of the introduction of automation.

A new infographic by RS Online shows how different sectors in the working world will be affected by artificial intelligence. Some sectors are low-risk, while others will change more dramatically if these predictions come true. Half of the jobs could be taken in some sectors, although this will probably make way for jobs that don’t yet exist, […]

Reimagining The World Of Work

Reimagining The World Of Work

Innovations like AI and robotic automation are radically changing the workplace. But they are also changing the nature of work itself for the next generation. Having worked for one of Australia’s largest banks for more than 20 years, Eddy Ku, at 43, suddenly found himself out of a job last December. His position as innovation lead had been eliminated. To help him transition to new work, the bank paid for him to use Transition Hub in Sydney, where formerly employed people from different walks of life—whether ex-bankers, athletes or military personnel—come together to “reset” and build skills to adapt […]

How automated construction will disrupt our industry

How automated construction will disrupt our industry

Automated construction based on principles already established in sectors like automotive, combined with emerging digital tools, could have a transformative effect on construction. Jaimie Johnston, director and head of global systems at Bryden Wood , takes a look

Radical change is coming to construction and, as with so many other industries, it is technology that will enable it.

Just as the iPhone disrupted mobile communications and created the ‘app economy’, Netflix changed TV and IKEA furniture, our industry will be disrupted by automation.A fresh approach will create a network effect and exponential adoption. We’re not talking about sci-fi gadgetry but […]

Minimum wage rises cause only ‘modest’ job losses, says report

Minimum wage rises cause only ‘modest’ job losses, says report

Increases to minimum wages have only “modestly” increased the risk of job losses due to automation or offshoring, according to a new report by the Low Pay Commission.

The research into the effect of minimum wage increases in the UK over recent years said there was little evidence to suggest increasing rates for the lowest paid workers had a significant adverse effect on job security and employment rates.

The report said some sectors – including manufacturing and retail or roles involving administration, record keeping or call centre operations – were more vulnerable, although the statistics imply that employers have not yet […]

IMF study highlights how digitization has transformed China

IMF study highlights how digitization has transformed China

How digitization has transformed China. Source: Shutterstock CHINA has grown to become a force to reckon with thanks to its championing of artificial intelligence (AI), 5G, and other new and emerging technologies. A new study by the International Monetary Funds (IMF) takes a hard look at the country’s digitization achievements so far.

Despite the debates and discussions that the US-China trade war is certain to make an impact on technology, China’s digital economy is expected to continue to expand rapidly. US-CHINA STRAIN MUCH BIGGER THAN TRADE WAR SAYS NUS PROFESSOR 0are quoted to have revitalized the economy.

Thanks to digitization, businesses […]

How Will Automation, AI Impact Healthcare Employment?

by Jacqueline LaPointe, Revcycle Intelligence

Healthcare employment will have low exposure to automation in the next decade despite the increased use of artificial intelligence to replace some tasks, experts predict.

January 30, 2019 – Increased use of automation and artificial intelligence is slated to replace millions of jobs and tasks in the near future. However, healthcare employment is relatively safe from automation, according to a new report from the Brookings Metropolitan Policy Program.The report, titled Automation and Artificial Intelligence: How machines are affecting people and places, looks back at how automation impacted the workforce from the 1980s to […]

How Will Automation, AI Impact Healthcare Employment?

How Will Automation, AI Impact Healthcare Employment?

Source: Thinkstock The report, titled Automation and Artificial Intelligence: How machines are affecting people and places , looks back at how automation impacted the workforce from the 1980s to 2016 and offers projections on how new automation and artificial intelligence (AI) tools will affect the economy by 2030.

“The next phase of automation, increasingly involving AI, seems like it should be manageable in the aggregate labor market, though there are many sources of uncertainty,” Mark Muro, Senior Fellow and lead author of the report, stated in a press release . “With that said, the potential effects will vary significantly across […]

The robotic future of work is messy, fuzzy and uneven

The robotic future of work is messy, fuzzy and uneven

For nearly one hundred years, science fiction has warned of robotic takeovers and a dystopian societal collapse as pseudo-intelligent, autonomous devices discover that they have little need for humans. Videos from BostonDynamics seem designed to stoke such foreboding, at least for promotional effect. Although the prospect of rogue robots destroying their creators is remote for now, a burgeoning army of industrial robots is displacing workers in a growing number of occupations.

The extent of job losses and their long-term implications on the labor market are topics of hot debate. A recent Brookings Institute study , for example, estimates that several […]

Irish people feel almost certain that large scale job automation is coming

Irish people feel almost certain that large scale job automation is coming

Ninety four percent of Irish people believe that large scale job automation will occur at some point in the future, with 46% predicting this eventuality will come to pass in the very near future.

This is according to a study by iReach. The nationally representative survey of 1001 people found that no such certainty is apparent when considering the consequences either positive or negative of such automation.

When thinking about the impact of job automation on the productivity and prosperity of the Irish economy, 55% view it as a positive, with those who view the impact as a negative slightly further […]

Automation threatens a quarter United States jobs by 2030

Automation threatens a quarter United States jobs by 2030

For many sectors of the USA economy, the future of work is automation. Though the United States is in the middle of its second-longest expansion in history, and jobs data suggest that the economy remains healthy, many business leaders and economists have suggested in surveys that the United States could slip into a recession in 2020. "Similarly, the productivity and wage gains brought by automation can result in workers having more disposable income, which increases consumption and hence employment in other industries".

But with new advances in artificial intelligence, it’s not just industrial and warehouse robots that will alter the […]