Tag: productivity

What are the long-term economic implications of the impact of automation on the workforce?

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The long-term economic implications of automation on the workforce are multifaceted, involving both job displacement and the creation of new employment opportunities. While automation can lead to immediate job losses in certain sectors, it also fosters structural changes that can enhance overall employment in the long run. Job Displacement and Structural Change

Automation often displaces workers in specific tasks, reducing demand for labor and wages in those areas[4]. However, this displacement is counterbalanced by job creation in new, labor-intensive sectors, as seen in historical data from industries like textiles and steel[2][3]. Productivity Gains and […]

Artificial Intelligence

Artificial Intelligence

I am writing to share some thoughts on a topic that has been at the forefront of technological discussions in recent years: Artificial Intelligence (AI). The rapid advancements in AI have opened up new possibilities and challenges across various sectors, fundamentally changing how we live, work, and interact. AI refers to the development of computer systems that can perform tasks typically requiring human intelligence. These tasks include reasoning, learning, problem-solving, perception, and language understanding.

One of the most significant impacts of AI is its ability to automate processes once considered too complex for machines. This automation has the potential to […]

How Generative AI is Impacting the Future of Work

How Generative AI is Impacting the Future of Work

The global workforce is undergoing a significant transformation, fueled by the rapid advancement of Generative AI. Unlike traditional AI systems that primarily focus on analyzing data and automating routine tasks, Generative AI goes a step further – it creates. From text and images to music and software, this new breed of AI has demonstrated the ability to generate original content, revolutionizing industries along the way. Tools like ChatGPT and DALL-E have brought Generative AI into the spotlight, accelerating its adoption in a wide range of sectors. As businesses recognize its potential, we are beginning to see how this technology […]

Generative AI and Jobs

Generative AI and Jobs

The International Labour Organization’s 2023 report on Generative AI and Jobs concluded that “most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI.”

This ILO global report may have countered the more apocalyptic claims about jobs losses, but it was not meant as a calming voice. Rather it was a call for policy makers and employers to wake up and address the generative AI revolution. To set policies to facilitate a smooth transition to the AI era, and to build a workforce ready to take full […]

Periodic Labour Force Survey (PLFS) Report 2023-24

Periodic Labour Force Survey (PLFS) Report 2023-24

For Prelims: National Statistical Office (NSO) , Periodic Labour Force Survey (PLFS) , Formal Jobs , Reverse Migration , Informalisation , Automation , Digitisation , Goods and Services Tax (GST) , MSMEs , Green Jobs .

For Mains: Status of employment in India, Challenges associated with creation of formal jobs.

Source: BS Why in News? Recently, the National Statistical Office (NSO) released the annual Periodic Labour Force Survey (PLFS) report 2023-24 , showing the unemployment rate stagnated at 3.2% that raises concerns about the inability to generate enough formal jobs . What are the Key Highlights of […]

How AI Is Rewriting Business Rules—Just Like Globalisation Did in the ’90s!

How AI Is Rewriting Business Rules—Just Like Globalisation Did in the ’90s!

The business world is no stranger to transformative waves of change. In the 1980s and 1990s, the rapid globalisation of markets reshaped how companies operated, introducing new efficiencies (do you remember JIT or just in time?), expanding opportunities, and forcing adaptations that fundamentally altered the corporate landscape. Fast forward to today, and we are witnessing a similar revolution—this time driven by artificial intelligence (AI). Much like globalisation, AI is ushering in profound changes in business operations, strategies, and workforce dynamics. The parallels between the rise of AI and the globalisation era are striking, as both have or will change […]

Navigating the risks and benefits of AI’s fast-paced growth

Navigating the risks and benefits of AI's fast-paced growth

Artificial Intelligence (AI) has become a cornerstone of the 21st century’s technological evolution, with its impact being felt across nearly every sector, from healthcare and finance to entertainment and creativity. The speed at which AI is advancing, especially in recent years, has both fascinated and unsettled society, prompting a closer examination of its benefits and risks. According to recent estimates, the market for AI technologies amounted to around $200 billion in 2023 and is expected to grow beyond $1.8 trillion by 2030 . How AI drives innovation across industries

The most visible aspect of AI’s rise in recent years […]

Enabling complex organoid assays by leveraging automated workflows

Enabling complex organoid assays by leveraging automated workflows

The utilization of 3D organoids is increasingly prevalent in disease modeling and drug discovery due to their ability to better represent biologically relevant tissue architecture, microenvironments, and functionality. However, the complex nature of 3D models is a potential obstacle to their greater utilization in drug screening and research.

Molecular Devices LLC aims to overcome these obstacles by applying automation to labor-intensive manual protocols. As a result, the company has established automation protocols for the entire 3D culture workflow process and increased organoid assays’ accuracy and throughput.

These automated methods employ an integrated work cell, facilitating automated cell plating, media exchange, […]

Automation’s Impact on Jobs and Future Societies

Automation's Impact on Jobs and Future Societies

YouTube Video Thumbnail Explore the debate on automation replacing jobs, featuring John Danaher on potential societal changes, virtual futures, and ethical considerations.

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This article has been created using the same AI that powers Gistly AI. You can copy it and easily use on your website or blog. The Impact of Automation on Work: Navigating a Future with Robots In today’s rapidly evolving technological landscape, the question of how automation will affect the workforce is more pertinent than ever. As industries increasingly integrate robots and artificial intelligence, the future of work stands at a critical juncture. This blog post […]

CIOs urged to pace AI adoption

CIOs urged to pace AI adoption

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Artificial intelligence (AI) dominated the agenda at the recent Gartner IT Symposium 2024 in Gold Coast, with industry experts calling for CIOs to pace their adoption of the technology as they navigate the fast-moving AI landscape.Mary Mesaglio, Gartner distinguished vice-president analyst, emphasised that industries are experiencing varying levels of disruption from AI. While an “AI-steady” approach may suffice for organisations focused on productivity gains, those seeking to transform business models or become AI leaders should embrace “AI-accelerated” strategies.One example of an AI-steady adoption can be seen in the Victorian Government’s use of the Archistar software to […]