Tag: productivity

Artificial intelligence to impact 40pc global jobs, widen labour income inequality: IMF

Artificial intelligence to impact 40pc global jobs, widen labour income inequality: IMF

Gaza Dispute Says advanced economies are at greater risk, but also better placed to take advantage

WASHINGTON (Web Desk) – Around 40 per cent of global employment is exposed to AI (artificial intelligence), the International Monetary Fund (IMF) says, adding that the advanced economies are at greater risk but also better poised to exploit the benefits than emerging market and developing economies.

In advanced economies, about 60 per cent of jobs are exposed to AI, due to prevalence of cognitive-task-oriented jobs, says the IMF in a latest report “Gen-AI: Artificial Intelligence and the Future of Work”.The world’s top financial institution says […]

Adecco chief says AI will create new jobs

Adecco chief says AI will create new jobs

Humanoid AI robot ‘Ameca’ on display in Geneva last year. But how badly will AI hit the jobs market? Artificial intelligence raises serious concerns for jobs but it will also create new positions, the head of Adecco, the world’s biggest temporary staffing agency, told AFP.

From meteorologists to lawyers and screenwriters, generative AI capable of creating content — such as the chatbot ChatGPT — could change the contours of many professions.

But it will also create new positions, according to Denis Machuel, the chief executive of Zurich-based Adecco. – How will AI disrupt the world of work? – Machuel: "It’s probably […]

Get Ready for AI-Driven Skill Democratization

Get Ready for AI-Driven Skill Democratization

(Shutterstock) FOR DECADES, AUTOMATION HAS BEEN a rough road for middle-skill workers. These jobs used to provide plentiful, family-supporting employment opportunities for those with only a high school education or even less. Robotics and, to a lesser extent, trade dramatically reduced the number of middle-skill jobs leading to what economists called a “polarized” labor market: many high-skilled and low-skilled jobs but relatively few that require a middle level of skill. The big question for economists now is how the job market will react to the approaching wave of AI-driven automation. Will AI continue to raise the premium on education […]

Is AI a Job Killer? AI-Driven Development Tools Offer Clues

Is AI a Job Killer? AI-Driven Development Tools Offer Clues

The hand-wringing around artificial intelligence killing off jobs is likely overhyped.

But before we debate the impacts of AI, we have to first agree on what AI even is .

The term “AI,” as it is most often used today, is really just a software machine that analyzes data and predicts what’s likely to happen based on that data. Generative AI, popularized by ChatGPT, identifies patterns in data to create new content, such as software code, essays, images and art.While it is remarkable to see a text prompt generate content seemingly out of nowhere, it’s just an acceleration of the software […]

How data science is reshaping diverse industries

How data science is reshaping diverse industries

How do some industries seem to have cracked the code for success? It’s not luck—it’s the power of data science that changes the game. Whether it’s technology or the finance sector, data science is transforming how well we do things by understanding the data.

Research has shown that the employment rate for data scientists is projected to grow by a whopping 36% from 2021 to 2031 which proves the demand for data science for business growth. So, let’s learn about how data science is rewriting the rules across diverse industries. But, before we do that, first you need to […]

Which Careers Will Survive AI?

Which Careers Will Survive AI?

Since its emergence as a central player on the global stage, when one considers the impact of artificial intelligence (AI) on employment, a predictable narrative surfaces. The common perception suggests that AI will lead to mass job displacement, reshape the entire work landscape, or, in the most pessimistic views, be a total disaster for our livelihoods.

While there may be some validity to these concerns, especially in specific industries set to be significantly impacted by the technology, the idea that all jobs will be simply washed away by AI, quite simply, untrue.

Despite the ongoing influence AI, and technology in general, […]

The Unleashed Power of Automation: Transforming Industries and Shaping the Future

Introduction:

Automation, driven by advances in technology, has emerged as a transformative force, reshaping industries, revolutionizing workflows, and fundamentally altering the way we live and work. This article delves into the intricacies of automation, exploring its historical context, present applications, and the profound implications it holds for the future.

1. Historical Evolution of Automation: Automation, as a concept, has roots dating back to the industrial revolution, where mechanization first gained prominence. The journey from simple machinery to sophisticated robotic systems and artificial intelligence (AI) reflects the continuous evolution of automation. This section provides an overview of key […]

Influence of Technological Advancements Exploring the Effects of Innovation

Influence of Technological Advancements Exploring the Effects of Innovation

Top highlight Influence of Technological Advancements Exploring the Effects of Innovation

Exodus

· Follow 2 min read·9 hours agoExploring the effects of technological progress reveals the profound influence it exerts on various aspects of human life and society. Examining the impact of technological advancements unveils a transformative force that reshapes industries, communication, lifestyles, and the way individuals interact with the world.1.Transformation Across Industries:Technological innovations have catalyzed transformations across diverse industries. Automation, artificial intelligence, and advancements in robotics have revolutionized manufacturing, healthcare, finance, and transportation, enhancing efficiency and productivity.2.Communication and Connectivity Revolution:The evolution of technology has revolutionized communication and […]

Transforming Regional Economies: Automation and AI

Table of Contents :

> Introduction

What is Automation and Artificial Intelligence? The Impact of Automation on Jobs The Evolution of Work How Automation and AI Change the Economy Jobs of the Future Benefits of Automation and AI for Companies Challenges and Risks of Automation and AI The Importance of Digital Skills Promoting Employment in Regional Australia Conclusion The Future of Work: Automation and Artificial Intelligence In this article, we will explore the topic of automation and artificial intelligence (AI) and their impact on the future of work. We will Delve into the differences between automation and AI, discuss […]

Afraid You’ll Lose Your Job to AI?

Afraid You’ll Lose Your Job to AI?

Afraid You’ll Lose Your Job to AI? 1 Travel Tourism News | Domestic & International Albanian Arabic Armenian Azerbaijani Bengali Bulgarian Chinese (Simplified) Chinese (Traditional) Croatian Czech Danish Dutch English Estonian Filipino Finnish French Georgian German Greek Gujarati Haitian Creole Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Italian Japanese Kazakh Khmer Korean Kyrgyz Lao Latvian Lithuanian Macedonian Malagasy Malay Maltese Mongolian Myanmar (Burmese) Nepali Norwegian Pashto Persian Polish Portuguese Punjabi Romanian Russian Samoan Serbian Slovak Slovenian Somali Spanish Swahili Swedish Tamil Telugu Thai Turkish Ukrainian Urdu Uzbek Vietnamese Xhosa Yoruba Zulu While AI has the potential to create new job […]