Tag: productivity

With changes in education and fair wages, technology can be a worker’s friend

With changes in education and fair wages, technology can be a worker’s friend

In a speech in Perth to the Committee for Economic Development of Australia, Karen Chester, the deputy chair of the Productivity Commission, has provided a bit of pushback on the doom and gloom scenarios about the future of work. But that does not mean things will all go smoothly. Chester argues for changes to education and greater incentives to move into work not able to be automated to ensure technology provides “not just more jobs but jobs for most”.

The easy headline – especially given numerous recent studies such as those done by the IMF – is to be fearful […]

AI and robotics forecast to generate 7.2 million jobs

AI and robotics forecast to generate 7.2 million jobs

A new report by PwC found that employees fear robots will replace them and artificial intelligence (AI) could, in fact, create as many jobs as it displaces.

According to the report, 7.2 million jobs could be created over the next 20 years, a slight edge on the 7 million job losses also predicted in the report.

“Artificial intelligence is a relatively new technology, and this unfamiliarity can cause people to feel uncertain about it. There is a massive wealth of opportunity with the implementation of Artificial Intelligence in terms of the jobs it will create, but there is also the need […]

AI will force millions to switch careers over the next two decades: PwC

AI will force millions to switch careers over the next two decades: PwC

AI will not result in large-scale unemployment, but it will force millions to retrain and switch careers over the next 20 years, according to a report by PwC.

The report found that AI will create around the same number of jobs as it destroys, dismissing previous fears that it would lead to rampant unemployment. However, it also found that there will be “winners” and “losers”, with some industries seeing significant decline in jobs while others will see a rise.

“Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains,” […]

AI To Create Jobs, Claims PwC Report

AI To Create Jobs, Claims PwC Report

Artificial intelligence will create as many jobs as it displaces by boosting economic growth, says analyst

The arrival of artificial intelligence (AI) will be a win for the UK jobs market as it will create as many jobs as it displaces by boosting economic growth over the next 20 years.

This is the claim in a new report from PwC , which found that although the overall effect on UK jobs is estimated to be broadly neutral, there will be “winners” and “losers” by industry sector.It comes after Oxford University researchers last Autumn warned that 80 percent of jobs in transportation, […]

Report From PwC Says AI Won’t Kill The Job Market, But Keep It Steady

Report From PwC Says AI Won't Kill The Job Market, But Keep It Steady

It’s impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a birds eye view from the top down, and pointed to the results of sweeping economic changes.

Their prediction, in a new report out Tuesday, is that it’ll all balance out in the end.

More automation in trucks, factories and elsewhere could decimate around 7 million existing jobs in the UK by 2037. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the […]

Artificial intelligence will be net UK jobs creator, finds report

Artificial intelligence will be net UK jobs creator, finds report

Artificial intelligence is set to create more than 7m new UK jobs in healthcare, science and education by 2037, more than making up for the jobs lost in manufacturing and other sectors through automation, according to a report.

A report from PricewaterhouseCoopers argued that AI would create slightly more jobs (7.2m) than it displaced (7m) by boosting economic growth. The firm estimated about 20% of jobs would be automated over the next 20 years and no sector would be unaffected.

AI and related technologies such as robotics, drones and driverless vehicles would replace human workers in some areas, but also create […]

RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

RPA Leader Automation Anywhere & Its Historic $1.8 Billion Valuation

Robotic Arm production lines modern industrial technology. Automated production cell. After 15 years of being in the industry and curating some of the best products in robotic automation space, when this California-based RPA company raised $250 million in a fundraising round, it gained major traction for all the right reasons. This was the first ever funding that the company has raised in 15 years and secondly, it set total valuation of the company at a whopping $1.8 billion! What Is Automation Anywhere?

Providing a platform to organisations to build world-class intelligent digital workforces, Automation Anywhere’s enterprise-grade platform uses software […]

Employment and Social Developments in Europe: 2018 review confirms positive trends but highlights challenges, in particular linked to automation and digitalisation

Today, the Commission has published the 2018 edition of its yearly Employment and Social Developments in Europe (ESDE) review.

This year’s edition confirms the ongoing positive labour market trends as well as an improving social situation. The numbers of people in employment reached new record levels. With almost 238 million people having a job, employment has never been higher in the EU. In 2017 over three and a half million more people were in employment, compared with 2016. However, while the number of hours worked per person employed has grown in recent years, they are still below the 2008 levels. […]

The Employment and Social Developments in Europe review 2018

The Employment and Social Developments in Europe review 2018

The European Commission has published its yearly Employment and Social Developments in Europe review, highlighting positive trends among the labour market and challenges in automation and digitalisation.

In this year’s edition of the Employment and Social Developments in Europe review (ESDE) it reveals ongoing positive labour market trends, as well as an improvement over the social element. How was the overall rate of employment in 2017?

As reported on the Commission’s website , in 2017 there were over three and a half million more people in employment compared with 2016. Alongside this, it was found in the report that […]

Fraunhofer at the International Manufacturing Technology Show IMTS 2018

Fraunhofer at the International Manufacturing Technology Show IMTS 2018

MUNICH, July 12, 2018 /PRNewswire/ — The future and prosperity of entire countries depend on the production of goods, just as many jobs in the USA and worldwide. The future of digitalized manufacturing and Industrie 4.0 rests entirely upon the ability to pool expertise and resources. Fraunhofer’s interdisciplinary systems expertise sparks the new ideas that meet the challenges of a changing world and helps create customized solutions right along the value chain. Visitors to the joint Fraunhofer booth on this year’s International Manufacturing Technology Show IMTS in Chicago can experience how a vibrant mix of new technology in the […]