Tag: productivity

Is global economy ready for AI?

Is global economy ready for AI?

Representative Image of Artificial Intelligence.Credit: iStock Photo Artificial Intelligence (AI) is no longer a topic for sci-fi novels and movies. It is now becoming part of common parlance with political and business leaders discussing the potential impact of AI on economies and businesses. The discussions at the recently concluded World Economic Forum in Davos centred on AI .

Amidst the heightened discussions, economists at the International Monetary Fund (IMF) released a report analysing the impact of AI on the future of work. The report analyses the impact of AI on country-wise and sector-wise employment.

The IMF research says that the exposure […]

AI Automation Won’t Steal All Jobs, for Now

AI Automation Won't Steal All Jobs, for Now

Artificial Intelligence & Machine Learning , Next-Generation Technologies & Secure Development Human eyes are still more cost-effective than computer eyes, MIT researchers concluded. (Image: Shutterstock) Artificial intelligence may not steal our jobs just yet, but only because humans are currently cheaper to employ.

See Also: Live Webinar | Securing the Cloud: Mitigating Vulnerabilities for Government

Analysts expect AI to affect 40% of global employment, automate 25% of the labor market in the next few years and drive nearly half of all work by 2055. OpenAI’s ChatGPT alone could affect 80% of jobs in the United States.But many of the […]

Humans vs. AI in the Workplace: Surprising Insights from MIT/IBM Study

Humans vs. AI in the Workplace: Surprising Insights from MIT/IBM Study

© Getty Images/Lintao Zhang In an era where artificial intelligence (AI) is rapidly evolving, a common concern is its potential to replace human jobs. This notion has been a topic of heated debates and extensive studies. Recently, a collaborative study by researchers from the Massachusetts Institute of Technology and IBM has offered new insights into this ongoing discussion.

While many have anticipated a swift transition from human employees to AI-driven automation, this study suggests that the reality might be more complex than previously thought. AI in the Workforce: Economic Realities vs. Predictions

The advent of artificial intelligence in the […]

AI job automation will happen gradually, says MIT CSAIL

AI job automation will happen gradually, says MIT CSAIL

An MIT study found that only about a fourth of jobs are economically sensible to replace with AI vision systems. | Source: MIT CSAIL A new study from MIT CSAIL, MIT Sloan, The Productivity Institute, and IBM’s Institute for Business Value provided more insight into how artificial intelligence could affect the job market. Its findings challenge the common belief that AI will put vast numbers of people out of work.

There’s a lot of research that exists about AI in the workplace, but much of it focuses on quantifying all of the potential uses AI can have in various sectors. […]

#BizTrends2024: AI and the cloud are crafting the future of payroll management

#BizTrends2024: AI and the cloud are crafting the future of payroll management

The future of payroll is on the brink of a transformative evolution, guided by the convergence of cloud technology and artificial intelligence. Ancel Draai, MD for Applico Training Payroll, an indispensable element of every business, has experienced a significant evolution over the years. In the past, innovation wasn’t a central focus of payroll systems. However, with changing work dynamics and the arrival of new technologies, payroll processing has been steadily transforming.

The future of payroll will surely surpass present boundaries, harnessing technological breakthroughs to build an era marked by efficiency, precision, and seamless management. Artificial intelligence (AI) and cloud computing […]

Rethinking AI’s impact: Study reveals economic limits to job automation

Rethinking AI's impact: Study reveals economic limits to job automation

Credit: Massachusetts Institute of Technology, Midjourney Like many of us, you might find yourself nodding to a familiar digital doomsday chorus that vibrates through offices and coffee shops alike: AI will take my job!

Is this looming threat substantiated, or simply a manifestation of our shared anxiety in the wake of constant technological advancement? A new study from MIT CSAIL, MIT Sloan, The Productivity Institute, and IBM’s Institute for Business Value is set to challenge our long-held beliefs.

Their research critically examines the economic practicality of using AI for automating tasks in the workplace, with a specific emphasis on computer vision.Their […]

Is Artificial Intelligence a Threat to Jobs?

Is Artificial Intelligence a Threat to Jobs?

Is Artificial Intelligence a Threat to Jobs?

Threat or Opportunity?

Muhammad Awais · Follow 3 min read·1 hour agoArtificial Intelligence (AI) has become a ubiquitous presence in our daily lives, revolutionizing industries and transforming the way we work. However, the rapid advancement of AI has also sparked concerns about its potential threat to jobs. The question arises: Is artificial intelligence a threat to jobs, or does it offer new opportunities for economic growth and innovation? The Evolution of AI and its Integration into the Workforce: AI, encompassing machine learning, deep learning, and natural language processing, has made significant […]

Module 4

Module 4

Module 4 Cin Lam Mung 1. What does it mean for automation to substitute for labor? What does it mean for automation to compliment labor? When automation replaces labor, it means that machines are performing tasks that would normally be performed by humans. This can be accomplished in a variety of ways, including the use of robots, computer software, or even simple machines like conveyor belts. When automation supplements labor, it means that machines assist human workers in performing their duties more effectively or efficiently. For example, a machine could be used to lift heavy objects instead of a […]

Unveiling the Dark Side: The Dangers of Artificial Intelligence

Unveiling the Dark Side: The Dangers of Artificial Intelligence

Welcome to the unveiling of a secretive and mysterious world that lies beyond our screens. A realm where algorithms have transcended their programming, evolving into something far more sinister. In this gripping blog post, we dive headfirst into the dark side of Artificial Intelligence (AI), exposing its hidden dangers lurking beneath its seemingly innocuous façade. Brace yourself as we peel back the layers of this technological marvel, exploring its potential threats to privacy, autonomy, and even humanity itself. Get ready for a mind-bending journey through the treacherous landscape of AI – buckle up, because things are about to get […]

Embracing AI: The Balance Between Automation and Employment

Embracing AI: The Balance Between Automation and Employment

Embracing AI: The Balance Between Automation and Employment

Bushra Yasmin Sharnali

· Follow 3 min read·18 hours ago In recent years, Artificial Intelligence (AI) has evolved from a futuristic concept to an everyday reality, transforming the way we live and work. While AI brings numerous advantages, it also sparks a crucial debate about its impact on employment. This blog explores how we can harness AI positively, setting limits to automation to safeguard jobs and encourage a harmonious coexistence between human intelligence and artificial intelligence. The AI Revolution: A Double-Edged Sword AI’s rapid growth has revolutionized industries, from […]