Tag: productivity

Automation and AI: why I’m looking forward to the Robopocalypse

Automation and AI: why I’m looking forward to the Robopocalypse

It’s confirmed. The robots are coming. And no, I’m not running scared. Is AI really coming for your job?

A recent study by thinktank Future Advocacy predicted that automation will affect one in five jobs across the UK. Another survey by UK research firm ADP found that on in three workers believes his or her jobs will be replaced by robots within the next ten years. And prior to his death, super-physicist Stephen Hawking ominously said, “I fear that AI may replace humans altogether.”

However, for forward-looking marketers all this fear-mongering seems a bit misplaced. After all, if there is anything […]

Global and Economic Expert John Manzella Gives Insight into Current U.S. Trends at AAMA Summer Conference

Global and Economic Expert John Manzella Gives Insight into Current U.S. Trends at AAMA Summer Conference

John Manzella | Photo: aamanet.org At the AAMA Summer Conference, a global and economics-focused keynote address stated that everything from the North American Free Trade Agreement and the U.S. relationship with China to automation and the opioid crisis are current economic impactful factors in an uncertain time.

At the American Architectural Manufacturers Association (AAMA) 2018 Summer Conference in Lake Tahoe, a global and economics-focused keynote address stated that everything from the North American Free Trade Agreement (NAFTA) and the U.S. relationship with China to automation and the opioid crisis are current economic impactful factors in an uncertain time. John Manzella, […]

Automation generates more jobs opportunities in Asia than it demolishes

Automation generates more jobs opportunities in Asia than it demolishes

According to a new report from the Asia Development Bank (ADB), new technologies like robots, automation, and Artificial Intelligence (AI) are creating more jobs in Asia than they destroy. Figure 1: The adoption of robotics and other connected systems stimulated higher productivity and economic growth, creating 134 million new jobs, compared with the 101 million lost to new technologies. Using productivity as a broad measure of technological advance, ADB’s input/output analysis of 12 economies in Asia found that, had output remained the same. Technology-driven increased productivity would have brought a 66 percent decrease in employment , equal to 101 […]

China to see more jobs in manufacturing, service sectors

Even with the rapid development of technology, especially in automation and artificially intelligence field, which can see tasks previously performed by humans taken over by robots, China is expected to create more jobs in both the manufacturing and service sectors, said an official from the World Bank.

"Since the global markets for manufacturing is expanding, our prediction is that the share of manufacturing jobs and the number of service jobs in China will continue to expand, much more than the last few years which were affected by the global financial crisis," said Simeon Djankov, director of the World Development Report […]

How Will Robotics and AI Evolve?

How Will Robotics and AI Evolve?

Precambrian marine life. Source: Ghedoghedo / CC BY-SA 3.0 At certain points in prehistoric epochs, the evolution of life experienced an explosion of diversified organisms within a relatively short time. The so-called Cambrian explosion is the best-known of these diversification events. Scientists have debated the scope and possible causes for the explosion for decades. Fossil records show that between 505 and 542 million years ago, all of our existing biological taxa appeared, forever altering the global ecosystem.

AI and robotics systems may become pervasive in society in the same way. Hundreds of years in the future, historians could look back […]

A radical trade prescription from the Federal Reserve: Stop complaining about China, and pay U.S. workers better

A radical trade prescription from the Federal Reserve: Stop complaining about China, and pay U.S. workers better

One doesn’t normally look to the Federal Reserve System for radical economic prescriptions, but it’s a good place to find reasoned economic analysis. A recent economic brief from the Federal Reserve Bank of St. Louis offers both: a solid explanation of the U.S. trade deficit, and advice to stop blaming China for the decline in U.S. manufacturing.

What makes this radical isn’t its substance per se, but its variance from Trump administration orthodoxy. Under the sway of Peter Navarro, an economist from UC Irvine, the Trump White House has treated the U.S. trade deficit with China as the whole economic […]

Employment 2: Technology Will Drive Value Added-jobs

Employment 2: Technology Will Drive Value Added-jobs

The pace of change, especially technological change, has never been this fast, yet it will never be this slow again. In the early 1900s, it was the Luddites smashing weaving machines. These days, retail staff worry about automatic checkouts. Professional drivers are already fretting over self-driving cars and trucks.

There is no denying the fact automation has been decimating more and more jobs every year. From supermarket cashiers to postal workers and travel agents, industries and jobs that were considered mainstays barely a decade ago are vanishing rapidly.

McKinsey Global Institute predicts that as many as 800 million jobs could be […]

How Useful Is the Aggressive Fare Enforcement of Link Light Rail?

How Useful Is the Aggressive Fare Enforcement of Link Light Rail?

Charles Mudede The one, possibly only thing, I dislike about Vancouver BC’s SkyTrain is that it’s completely run by machines. I have used the system over 100 times in the downtown area, and only once have seen a human working at a station as an employee of the rail system. The trains are fully automated, and tickets are dispensed by machines; they also do the gatekeeping. The system is one giant transportation robot. Seattle’s Link Light Rail has humans, but they only do two forms of work. One is driving the trains, and the other concerns policing or security […]

AI Is Less Of A Threat Than Some Suggest

AI Is Less Of A Threat Than Some Suggest

NTT Docomo 5G robot mirroring the operator’s movements doing calligraphy, during the Mobile World Congress day 3, on February 28, 2018 . (Photo by Joan Cros/NurPhoto via Getty Images) While robotics and artificial intelligence (AI) promise great advances in productivity, mostly they seem to worry people. Commentators talk and write endlessly about how these marvelous technologies will steal jobs from both workers and the managerial class, creating a large unemployed population. If history has anything to say, however, and it does, such fears are not only exaggerated, they are off the mark entirely. Ultimately, AI will create more new […]

Robots to the rescue: How automation can create a more equal society

Robots to the rescue: How automation can create a more equal society

Discussion on automation often focuses on dystopian outcomes but it could improve gender equality at work.

Robots replace waiters in Indian restaurant Reuters If predictions are right , automation will transform work as we know it. But it’s difficult to know exactly which – and how many – jobs will be affected. Although there is a huge debate over just these questions, one area frequently overlooked is how automation will affect the prospect of gender equality.

Why advertise with us Right now, there are considerable differences in pay, employment levels, and the types of activities that men and women […]