Tag: productivity

AI’s role key, but firms need more time

AI's role key, but firms need more time

While C-suite executives across the world agree that artificial intelligence is key to increased productivity, most workforces are not yet ready to embrace the transformation, a report by international human resources service provider Mercer showed.

In a poll covering over 12,200 company executives and industry insiders across 17 geographies and 16 industries, 40 percent of the executives said AI is expected to increase workforce productivity by 30 percent, according to Mercer’s 2024 Global Talent Trends Study unveiled to Chinese audiences on Monday.

Under closer scrutiny, the 30 percent increase either stands for replacing 30 percent of the company’s human staff, or […]

Three major changes that AI will bring in 2024

Three major changes that AI will bring in 2024

If 2023 was all about commercialization of AI, 2024 will see this trend gain further momentum. Enterprises will take proactive measures this year and craft a substantive AI strategy.

If 2023 was all about commercialization of AI, 2024 will see this trend gain further momentum. (Image/Reuters) – By Nachiket Deshpande

2023 was a watershed moment in AI’s journey to the mainstream. Looking ahead, we may identify 2023 as the pre-and post-GPT revolution threshold. If 2023 was all about commercialization of AI, 2024 will see this trend gain further momentum. Enterprises will take proactive measures this year and craft […]

AI’s impact on future jobs and growth

AI’s impact on future jobs and growth

Microsoft CEO highlights transformative potential in reshaping job landscapes and driving future growth According to Satya Nadella, group chief executive of Microsoft, the world has not experienced a new growth driver or emerging engine for some time due to prolonged stagnation. There is a pressing need for a new growth engine to unlock potential, with artificial intelligence (AI) emerging as the most powerful technology since the start of the internet era, capable of driving global productivity growth.

“Last year was a period of experimentation, and this year we anticipate real-world usage, impacting job roles that will undergo reshaping,” Mr Nadella […]

Ottawa looks to robotics to address labor challenges in the ag sector

Ottawa looks to robotics to address labor challenges in the ag sector

Ag News On Friday, the federal government announced funding for new innovative solutions to help deal with the ongoing labour challenges in the ag sector. Under Phase 2 of the Innovative Solutions Canada (ISC) program – Challenge Stream, five projects will each receive up to $1 million in funding.

The projects target the Canadian meat processing industry and the Canadian controlled environment agriculture industry – the concept is to advance automation and robotic technologies.

The projects approved for funding by Agriculture and Agri-Food Canada under the Canadian Meat Processing Technology Development Challenge include: Exonetik Inc. – Developing a low-cost, collaborative robot […]

The Future of Work in the Age of Automation

The Future of Work in the Age of Automation

The Future of Work in the Age of Automation

Agendazzle

· Follow 5 min read·4 hours ago Photo by Louis Reed on Unsplash In today’s rapidly evolving technological landscape, automation is revolutionizing the way we work and interact with machines. From artificial intelligence to robotics, automation is reshaping industries, transforming job roles, and raising questions about the future of work. This article delves into the implications of automation on jobs and industries, explores the skills and roles needed for the future workforce, examines the ethical considerations surrounding automated work environments, and provides insights into reskilling and upskilling strategies […]

The Intersection of Artificial Intelligence, Automation, and Human Contribution

The Intersection of Artificial Intelligence, Automation, and Human Contribution

The future of work is being reshaped by advancements in artificial intelligence (AI) and automation, transforming industries and job roles. While AI and automation offer efficiency and new opportunities, they also present challenges regarding the human role in a rapidly evolving job market. This article explores how these technologies are changing the workforce, the importance of human skills in the new landscape, and strategies for adapting to the future of work.

In an era where artificial intelligence (AI) and automation are no longer just buzzwords but realities reshaping our daily lives, the future of work stands at the brink […]

AI gives, even as it takes away jobs

AI gives, even as it takes away jobs

Image by Google Gemini Image creator, based on a prompt by Gadget. A year ago, as the hype around generative artificial intelligence (AI) was reaching a crescendo, investment bank Goldman Sachs predicted it would replace 300-million existing jobs. That was well up from the World Economic Forum’s “The Future of Jobs Report 2020,” which had said AI would replace 85-million jobs within five years. However, it tempered this forecast with the expectation of 97-million new jobs.

Clearly, such predictions are a thumb-suck, and have rightfully been derided. So, by the time the WEF produced the 2024 version, it had come […]

Industrial robots make people feel worse about jobs and themselves

Industrial robots make people feel worse about jobs and themselves

Robots may make companies more productive, as some studies have suggested, but they make people feel that their jobs have less meaning.

Researchers with the University of Groningen in the Netherlands and Colorado State University in the US recently looked into the impact of robotic automation on workers’ sense of well-being and motivation. They found that the adoption of industrial robots takes a mental toll on workers – more so for those with repetitive jobs and less so for those with non-routine responsibilities.

Add that to prior research showing robotic automation depresses wages and employment.In a paper titled "Robots, meaning, and […]

EXCLUSIVEIs YOUR job at risk from the AI revolution? Six experts predict roles that will be WIPED OUT by AI this decade

EXCLUSIVEIs YOUR job at risk from the AI revolution? Six experts predict roles that will be WIPED OUT by AI this decade

Who’s at risk of mass job losses caused by the AI revolution – blue or white collar workers?

Most experts agree that artificial intelligence will completely upend the American workforce ( there are already signs it’s doing so in the tech industry ).

But there have been conflicting reports about who is more at risk, lower-wage workers or middle-management types.A report by the think-tank McKinsey Global estimated Americans on the lowest wages are up to 14 times more likely to be replaced by AI those on the highest.But a separate JP Morgan report predicted ‘mass-scale white-collar job realignment’ this decade.DailyMail.com spoke […]

Automated Converting Equipment

Automated Converting Equipment

The newest equipment utilizes technology to meet the quality demands and fast turnaround times of today’s brands.

The term “game-changing” has been casually thrown around for many years, especially regarding new label and package printing product launches. In theory, every product has the potential to positively impact a label printing business, making the phrase overused. However, the advent of automated converting equipment really does fit the bill. Why? Because many of today’s converters don’t have the workforce to tackle the work flowing into print shops.

Converters that L&NW talks to cite automation as one of the industry’s hottest trends – mainly […]