Tag: productivity

The jobs myth costing us all

The jobs myth costing us all

Robots are not going to steal our jobs, they will just make them easier. THERE’S $2.2 trillion of economic growth available for Australia over the next 15 years, but we need to get our act together to ensure the opportunity doesn’t escape our grasp.

This is the harsh reality depicted by Google Australia managing director Jason Pellegrino who believes Australia is at risk from missing out on the trillion dollar boom offered by artificial intelligence and machine learning.

The Google boss believes Australia needs to "speed up" its work on AI and stop fearing that the robot revolution will lead to […]

Robots & AI creating more jobs in Asia than they destroy

Robots & AI creating more jobs in Asia than they destroy

The belief that robots, automation, and AI simply displace jobs and make humans irrelevant is not borne out in Asia, reports Chris Middleton. However, there are lessons to learn from the technologies’ impact – in Asia and the rest of the world.

Robots and automation are creating more jobs in Asia than they destroy, according to a new report from the Asia Development Bank (ADB).

ADB analysis of a dozen Asian economies between 2005 and 2015 found that rising demand more than compensated for jobs lost to automation. The adoption of robotics and other connected systems stimulated higher productivity and […]

Australia needs to embrace automation or risk missing a $2.2 trillion boom

Australia needs to embrace automation or risk missing a $2.2 trillion boom

THERE’S $2.2 trillion of economic growth available for Australia over the next 15 years, but we need to get our act together to ensure the opportunity doesn’t escape our grasp.

This is the harsh reality depicted by Google Australia managing director Jason Pellegrino who believes Australia is at risk from missing out on the trillion dollar boom offered by artificial intelligence and machine learning.

The Google boss believes Australia needs to “speed up” its work on AI and stop fearing that the robot revolution will lead to job redundancies.“Over the next 15 years there’s about $2.2 trillion of economic growth available […]

Raising the Minimum Wage Only Accelerates the Loss of Jobs to Machines and Contributes to Unimpressive Productivity

Raising the Minimum Wage Only Accelerates the Loss of Jobs to Machines and Contributes to Unimpressive Productivity

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This copy is for personal, non-commercial use only. Reproduction of any content for commercial purposes is subject to our usage terms and conditions, please email the editor at his address directly for clarification. © Adobe Stock Research reveals minimum wage increases are significantly increasing the acceleration of job automation.According to new research from the London School of Economics and Political Science and the University of California, Irvine , researchers found that a 10% increase in the minimum wage leads to a 0.31 percentage point decrease in the share […]

Five Robotics Trends That Soon Will Be Changing IT

Five Robotics Trends That Soon Will Be Changing IT

While we already think of robotics as important in use cases such as manufacturing, oil and gas exploration and drones, there are quite a few others you may not have considered. An increasing number of enterprises are considering the adoption of robotics, artificial intelligence (AI) and machine IT that can expedite and make more efficient the execution of routine tasks.

While we already think of robotics as important in use cases such as manufacturing, oil and gas exploration and drones, there are quite a few others you may not have considered. For example, robots now can do such things as […]

What will the future of work look like?

What will the future of work look like?

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Harry Ridgewell attended Chatham House’s Future of Work 2018 conference. The independent commission was set up and is co-chaired by Labour deputy leader Tom Watson. The conference covered the trend of slowing global productivity ( Mckinsey ), how […]

Robots or humans: Which provide a better customer experience?

Robots or humans: Which provide a better customer experience?

Last month, China Construction Bank (CCB) opened the first fully-automated bank branch in China.

Located on Jiujiang Road in downtown Shanghai, the ground-breaking bank branch operates entirely without human tellers. It joins an increasing number of retail outlets, restaurants and other venues across China – and the world – where humans are served exclusively by robotic assistants.

The question of whether robots will take over all of our jobs has been hotly debated over the past several decades – a debate which has recently intensified thanks to advances in artificial intelligence .Partial automation is already widespread in the service industry, […]

Perryman: Economic (R)Evolution

Perryman: Economic (R)Evolution

Even as full employment and difficulties finding workers are challenging businesses across the country, researchers are describing scenarios in which a third of U.S. jobs could go away by 2030 due to automation and artificial intelligence (AI).

Global consulting firm McKinsey & Company estimates that between 39 million and 73 million US jobs could be eliminated due to AI.

For about half of those, there are likely to be similar occupations or different tasks which displaced workers will take on, but millions of people will need retraining for very different jobs. The world is changing, and it’s changing fast.Economic evolution is […]

What does the ‘future of work’ mean for schools? Big claims leave educators with more questions than answers

What does the ‘future of work’ mean for schools? Big claims leave educators with more questions than answers

“It’s time to update our schools so they work better for today’s students,” Stacey Childress, the head of New Schools Venture Fund, said earlier this month at the organization’s annual summit — a who’s who of charter school leaders, their funders, their advocates, and others promoting school choice or education technology.

“With the twin forces of automation and globalization just absolutely changing the very nature of opportunity and work, this is more important than ever.”

It’s a message that’s hard to miss.U.S. Secretary of Education Betsy DeVos recently told the Wall Street Journal that schools need to change because by the […]

PM Narendra Modi Promotes Use Of Artificial Intelligence In Agriculture

PM Narendra Modi Promotes Use Of Artificial Intelligence In Agriculture

PM Narendra Modi at the convocation ceremony of Sher-e-Kashmir University of Agriculture Sciences and Technology, Jammu. (Image source: @narendramodi/Twitter) Reiterating his as well as his government’s stance on new technologies, Indian Prime Minister Narendra Modi emphasised the use of artificial intelligence in sectors like agriculture.

Speaking at the convocation ceremony at the Sher-e-Kashmir University of Agriculture Sciences and Technology in Jammu, PM Modi said that the future of agriculture lay in AI and blockchain technology. Embracing AI and Block Chain Technology would be beneficial for our agriculture sector. pic.twitter.com/hUVeGIscin Advertisement — Narendra Modi (@narendramodi) May 19, 2018 According to reports […]