Tag: productivity

AI-powered cake baking facility opened in Queensland

AI-powered cake baking facility opened in Queensland

Story image Priestleys Gourmet Delights, a prominent supplier and manufacturer of sweet and savoury foods, has officially opened its new AI-powered facility in Brisbane’s Acacia Ridge. The GBP £53 million, 7,740 square metre facility marks a significant step for the family-owned business, which has been a staple in Queensland for 28 years.

Incorporating cutting-edge technology, the facility is designed as a data-led SMART factory. It utilises mobile autonomous robots to streamline the baking process, including stacking products onto baking racks and moving these racks around the facility. This innovation is expected to double the production capacity and enhance workplace safety […]

The Impact of Industry 4.0 on Future Employment Opportunities and Challenges

The Impact of Industry 4.0 on Future Employment Opportunities and Challenges

The rapid evolution of Industry 4.0 is shaping the employment landscape, offering new opportunities but also presenting challenges for certain jobs that may become obsolete. Professionals and students alike should be aware of how technological advancements are influencing job prospects in various sectors.

Market Analysts are currently tasked with gathering and interpreting data to aid marketing and business strategies. However, artificial intelligence (AI) and automated systems are increasingly capable of performing these tasks more efficiently and accurately. According to the digital platform Hotmart.com, the need for human market analysts could significantly decline over the next decade.

Telemarketing roles , […]

Focus on Humanity in the Age of the AI Revolution

Focus on Humanity in the Age of the AI Revolution

Brain light via Alamy Stock The arms race for the next AI breakthrough is upon us — and for good reason. While the news cycles are quick to point to fears around job displacement, bias, security risks, and weaponization, there is reason to be optimistic about this technology if we proceed carefully. We are stepping into the future of an AI-enabled world, and the competitive landscape for AI innovation should have only one bias in mind: a bias towards humanity. A Tool for Enhancement

AI should be viewed as a tool for enhancing human capabilities and productivity rather […]

Artificial Intelligence Revolutionizes Job Markets and Boosts Sector Productivity

Artificial Intelligence Revolutionizes Job Markets and Boosts Sector Productivity

AI Jobs Surge as Productivity Soars Across Sectors

A recent PwC 2024 Global AI Jobs Barometer report highlights a staggering growth in the demand for AI-related job skills, outpacing the growth of other roles by 3.5 times globally. This surge is closely linked to a nearly fivefold increase in labor productivity within industries that have integrated AI technologies, showcasing the significant impact of these advancements.

Financial, IT, and Professional Services Most Impacted by AI The research particularly emphasizes the transformation within financial services, IT, and professional services. In these areas, there is a marked shift toward the need for […]

Fact-Check: Will Robots Replace Us?

he rise of AI and robotics prompts both optimism and worry about the future of work, as technologies displace some jobs but historically create new opportunities, boosting productivity and employment. Fact-Check: Will Robots Replace Us?

The rise of artificial intelligence (AI), automation, and robotics has sparked both anticipation and apprehension regarding the future of work. With the explosion of technological advancements, the question “Will robots take my job?” is valid. Within the next five years, one in 16 workers may need to change careers due to robotics and AI ( McKinsey ) 1 . Many of these are highly […]

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Business Insider Latest Story Image Business Insider Latest Story Image Business Insider Latest Story Image 7 mins read The weird new war over job hiring

AI bots are battling it out over job searches. No matter who wins, we all lose. Shubham Agarwal

May 16 2024 06:46 IST Business Insider Latest Story Image 2 mins read Employment could rise by 22% by 2028 as India targets $5 trillion economy goal: Employment outlook report As India approaches its $5 trillion economy goal, overall employment could rise by 22 per cent, whi… Business Insider Latest Story Image 9 […]

The Future of Work: Elon Musk’s Visions of AI-Driven Employment Choices

The Future of Work: Elon Musk’s Visions of AI-Driven Employment Choices

At the renowned VivaTech 2024 conference in Paris , Tesla and SpaceX CEO Elon Musk proposed a thought-provoking future where Artificial Intelligence (AI) is set to revolutionize the job market. Musk envisions a scenario where employment becomes a matter of personal choice rather than necessity, likening it to pursuing a hobby. In his words, Musk depicted a society where machine intelligence and robotics would be capable of supplying all goods and services, potentially reducing the need for traditional human labor.

Intriguingly, Musk assures a future devoid of scarcity for both goods and services, defying the common fears associated with […]

AI Godfather Fears AI Will Try To Take Over Humanity; Destroy Jobs Across World

AI Godfather Fears AI Will Try To Take Over Humanity; Destroy Jobs Across World

AI has been the cynosure of this new age and it has touched many lives and impacted many spheres. Balancing AI’s Double-Edged Sword – Economic Progress Vs Social Concerns There has been plenty said and speculated about the good and the bad. There have been concerns over its abuse and misuse. The biggest cause of worry across the globe remains to be the job displacements or job losses.

Now, latest in the list of people expressing concerns over the same is Geoffrey Hinton , who is also referred to as the “godfather of artificial intelligence”.

Hinton, who previously worked at Google […]

The Vision of Work in an AI-Dominated Future

The Vision of Work in an AI-Dominated Future

Elon Musk anticipates a future where jobs are optional , as advanced technologies pave the way for a radical transformation in the way we view employment and labor. In a statement during his virtual address at the VivaTech 2024 event in Paris, Musk, the CEO of Tesla, painted a picture of a world where the need to work for sustenance could become a choice rather than a necessity, thanks to artificial intelligence (AI) and robotics providing goods and services.

Within this framework, Musk underscored the importance of implementing a high universal income to ensure the feasibility of this seemingly utopian […]

Emerging Technologies Boosting Efficiency: A Look into the Progress on May 24, 2024

Emerging Technologies Boosting Efficiency: A Look into the Progress on May 24, 2024

Rapid advancements in technology are continuously shaping the way businesses operate, and Friday, May 24, 2024, marked a significant milestone in this evolutionary journey. Companies around the globe have been leveraging cutting-edge solutions to streamline their processes, enhance productivity, and stay ahead in their respective industries.

Innovations in Artificial Intelligence (AI) and Machine Learning (ML) have been at the forefront of this transformation. Companies have successfully integrated AI algorithms that learn and adapt over time, optimizing operations from supply chain management to customer service. These systems are designed to become more efficient as they process more data, leading to […]