Tag: productivity

2018: The year of the robot

2018: The year of the robot

We are being routinely bombarded with news that robots will take over the world. Consumers fear they will take away jobs, and businesses face the unprecedented task of strategising how to compete in a new world order, where artificial intelligence (AI) and robotics are changing whole industries.

In reality, the robots are coming, but they don’t signal the end of human employment as we know it. On the contrary, robots offer the promise of new job roles that don’t yet exist.

These new jobs will fuel the economy as people upskill and retrain, as well as jobs created for the operation […]

Pizza Hut says driverless delivery will create more jobs

Pizza Hut says driverless delivery will create more jobs

Earlier this week, Pizza Hut unveiled plans to launch a fleet of driverless delivery vans – a sign that automation has reached the world of greasy comfort food. Then the chain did something pizza makers rarely do: It offered an economic theory on Twitter.

After a user pointed out that driverless cars could destroy the need for drivers, Pizza Hut said the technology might just boost demand for human workers.

"It actually could create more jobs by opening the pool of ‘drivers’ to those who do not own vehicles," Pizza Hut tweeted Tuesday. "They might act more as servers, focusing […]

Pizza Hut: Driverless delivery could create even more demand for servers

Pizza Hut: Driverless delivery could create even more demand for servers

AP Earlier this week, Pizza Hut unveiled plans to launch a fleet of driverless delivery vans – a sign that automation has reached the world of greasy comfort food. Then the chain did something pizza makers rarely do: It offered an economic theory on Twitter.

After a user pointed out that driverless cars could destroy the need for drivers, Pizza Hut said the technology might just boost demand for human workers.

"It actually could create more jobs by opening the pool of ‘drivers’ to those who do not own vehicles," Pizza Hut tweeted Tuesday. "They might act more as servers, focusing […]

Economists grapple with the future of the labour market

Economists grapple with the future of the labour market

WHY is productivity growth low if information technology is advancing rapidly? Prominent in the 1980s and early 1990s, this question has in recent years again become one of the hottest in economics. Its salience has grown as techies have become convinced that machine learning and artificial intelligence will soon put hordes of workers out of work (among tech-moguls, Bill Gates has called for a robot tax to deter automation, and Elon Musk for a universal basic income). A lot of economists think that a surge in productivity that would leave millions on the scrapheap is unlikely soon, if at […]

Economists grapple with the future of the labour market

Economists grapple with the future of the labour market

WHY is productivity growth low if information technology is advancing rapidly? Prominent in the 1980s and early 1990s, this question has in recent years again become one of the hottest in economics. Its salience has grown as techies have become convinced that machine learning and artificial intelligence will soon put hordes of workers out of work (among tech-moguls, Bill Gates has called for a robot tax to deter automation, and Elon Musk for a universal basic income). A lot of economists think that a surge in productivity that would leave millions on the scrapheap is unlikely soon, if at […]

Pizza Hut boldly says driverless delivery will actually create more jobs

Pizza Hut boldly says driverless delivery will actually create more jobs

Earlier this week, Pizza Hut unveiled plans to launch a fleet of driverless delivery vans — a sign that automation has reached the world of greasy comfort food. Then the chain did something pizza makers rarely do: It offered an economic theory on Twitter.

After a user pointed out that driverless cars could destroy the need for drivers, Pizza Hut said the technology might just boost demand for human workers.

“It actually could create more jobs by opening the pool of ‘drivers’ to those who do not own vehicles,” Pizza Hut tweeted Tuesday. “They might act more as servers, focusing on […]

Once again the gig economy is defying conventions

Once again the gig economy is defying conventions

John Holden: There is a growing cohort of older workers joining the new economic space

Much of the change currently happening in the modern workplace is being driven less by millennials than it is by their parents, or even their grandparents A recent report published by the McKinsey Global Institute assessing the impact of automation on future employment trends made for startling bedtime reading.

According to the report, approximately half of all work activities currently carried out by human beings globally have the “technical potential to be automated by adapting currently demonstrated technologies”.These are the kinds of statistics that have […]

Countdown to Human-Free Construction in Less Than 10 Years

Countdown to Human-Free Construction in Less Than 10 Years

Accelerating sensor and software technology are speeding development of autonomous machines, and contractors need to be learning how to implement technology and retrain workers One of cloud computing’s key contributions to automation will be its ability to use data input from multiple sensors and devices. As the systems become commonplace, they will be the platform that shows contractors how to integrate other technologies. By Nick Hertzman, Content Strategist, Unearth Technologies

Humans have an ancient desire to make machines work for us without intervention. The first successful example dates back over 2,000 years to the Greek mathematician Ctesibius. Plagued by […]

Will Robots Widen The Pay Gap For Women And Minorities?

Will Robots Widen The Pay Gap For Women And Minorities?

Our world is becoming automated; it’s a fact of our present and future reality. Self-driving vehicles are already in use within the construction, mining and nuclear industries; the logistics and supply chain sector largely relies on robotics and warehouse management systems, and even Cadillac is now offering virtual reality test drives for customers in showrooms.

According to McKinsey & Company, 45 percent of work activities could be automated and 60 percent of occupations could have one-third or more of their associated responsibilities replaced by robots. For a while now, research scientists, think tanks, economists and consultancies have deliberated over the […]

GDP of Ireland could receive a near €50 billion boost from AI

GDP of Ireland could receive a near €50 billion boost from AI

Artificial Intelligence could see Ireland’s GDP raised by just under €50 billion in the next 12 years. A new study also finds that the technology could significantly aid both public and private sector productivity, and even boost jobs in the Republic.

A new report from PwC has stated the case for Artificial Intelligence (AI) in Ireland. According to the Big Four professional services firm, AI could add 11.6% – or €48 billion – to Ireland’s GDP by 2030. Analysts calculated this projected impact will be driven largely by the possibility for product enhancements (7.9% of GDP in 2030) increasing […]