Tag: productivity

What skills will you need in the Age of AI?

What skills will you need in the Age of AI?

The societal and economic disruptions of the past few years highlighted not only the crucial role of supply chains in the modern global economy, but also the growing role of digital technology, including artificial intelligence (AI) and automation. In this excerpt from The Magic Conveyor Belt: Supply Chains, A.I., and the Future of Work, Dr. Yossi Sheffi of the Massachusetts Institute of Technology’s (MIT’s) Center for Transportation & Logistics forecasts the skills the supply chain workforce will need to succeed in a technology-focused future.

One distressing challenge associated with technological change is that although a new technology may […]

Daniel Calugar Weights in on the Future of Work: Automation, AI, and Their Impact on Labor Markets

Daniel Calugar Weights in on the Future of Work: Automation, AI, and Their Impact on Labor Markets

Depending on what you believe, automation and artificial intelligence technologies will either completely eliminate millions of jobs across the globe or lead to the creation of millions of new, better jobs. Experienced investor Daniel Calugar says that the reality is likely somewhere in between those two extreme predictions.

It’s true that these technologies are likely to make some jobs — or at least some parts of jobs — no longer necessary. That will likely lead to job displacement.

Yet, it’s also true that these technologies are likely to create some new jobs — or at least refine the job description of […]

Automation Update

Automation Update

The latest technological advancements allow label converters to deliver speed, efficiency, and sustainability for their customers. Automation has emerged as arguably the biggest trend in label printing – and manufacturing – in general. While speed and efficiency, sustainability, and the workforce are also hot topics, automation addresses all three. Technology has allowed label converters to do more with less, at faster speeds, and with fewer errors. Fewer mistakes lead to less waste and, ultimately, more sustainable practices.

Automation runs the gamut in label printing. Printing presses, converting machinery such as winding and splicing equipment, and finishing units have all benefited […]

The Digital Revolution: Technology’s Impact on Society

The Digital Revolution: Technology’s Impact on Society

The Digital Revolution: Technology’s Impact on Society

M Saud Nawaz

· Follow Published in ILLUMINATION ·5 min read·4 hours agoIntroduction In the annals of human history, few revolutions have been as pervasive and transformative as the digital revolution. Over the past few decades, technology has woven itself into the fabric of society, reshaping how we live, work, communicate, and even think. In this article, we will delve into the profound impact of the digital revolution on society, exploring its key aspects and consequences. Photo by Markus Spiske on Unsplash The Dawn of the Digital Age The […]

How integrating automation can ensure efficient automotive logistics

How integrating automation can ensure efficient automotive logistics

How integrating automation can ensure efficient automotive logistics In today fast paced & rapidly evolving automotive logistics industry, supply chain efficiency plays a pivotal role to drive the company’s competitiveness and profitability. The aftermath of the pandemic, saw a massive E-commerce boom, which simultaneously bolstered the logistics sector as a whole. The which automotive logistics was also one such industry was put on acceleration, due to rising demand from EVs leading the front, putting automotive logistics supply chain on an overdrive mode.

Also with its leveragement and embracement of modern tech stacks like AI, IoT, ML, data analytics and robotics […]

No Need to Have a ‘FOBO’ for AI

No Need to Have a 'FOBO' for AI

Opinions expressed by Entrepreneur contributors are their own.

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. To stay relevant in the job market, it is then absolutely essential to adopt AI and automation tools to enhance one’s productivity to ensure that his or her job is not rendered obsolete. While Artificial Intelligence (AI) is dominating every conversation today, it has also created unease in a large section of our workforce for ‘Fear of Becoming Obsolete’ (FOBO). They fear that their jobs will become obsolete as ChatGPT and Chatbots gain traction, as the latter enhances computers’ abilities to mimic […]

Business owner ‘hires’ ChatGPT for customer service, then fires the humans

Business owner 'hires' ChatGPT for customer service, then fires the humans

A Filipino call centre in 2007. In the early 2000s, Western companies employed just a few thousand people in the Philippines, but as of 2023 that number has grown to over 1.6 million. Suumit Shah never liked his company’s customer service team. His agents gave generic responses to clients’ issues. Faced with difficult problems, they often sounded stumped, he said.

But when Shah saw that ChatGPT could respond to questions with intricate, lifelike responses, he knew it could fix the customer service hotline of his India-based e-commerce platform, Dukaan.

Article contentArticle contentShah used the software to improve his in-house customer service […]

Latest AI dilemma: JPMorgan’s CEO says AI can reduce workweek to 3.5 days; does it equate with joblessness?

Latest AI dilemma: JPMorgan’s CEO says AI can reduce workweek to 3.5 days; does it equate with joblessness?

While automation took away the jobs of elevator operators, the future may be more unkind. But as has always been the case, newer technology may minimise human roles but it does not result in a takeover. Humans and AI can co-exist in the job market, the latter can cut your week’s work in half rather than nil – all is not lost Will AI take over jobs, an ever-pertinent question. (Photo credit: Pixabay) New Delhi: CEO of JPMorgan Chase & Co. Jamie Dimon recently gave his views on how he thinks Artificial Intelligence will impact our future. In a […]

ADP Employment Report Signals Weakest Labor Market Since Jan 2021

ADP Employment Report Signals Weakest Labor Market Since Jan 2021

After ADP’s reports printed almost perfectly in line with BLS last month (+177k vs +187k), all eyes are on today’s print, which was expected to decline to +150k. Instead it plunged to just +89k – that is the lowest jobs addition since Jan 2021… Source: Bloomberg

The ADP print is around half the expectation for Friday’s NFP print of +170k. Large firms dominated the weakness… Manufacturing and Professional & Business Services saw large declines in jobs (ADP says professional business services down 32K, BUT JOLTS reported a 509K increase in professional and business services job openings!!!!) “We are seeing […]

How AI can become pro-worker

How AI can become pro-worker

While digital technologies have undoubtedly created new goods/services and boosted productivity in some activities (e.g. Brynjolfsson and McAfee 2015), there is also evidence that productivity gains from these technologies have sometimes fallen well below expectations (e.g. Acemoglu et al. 2016). Either way, over the past 40 years, waves of digital technologies – including personal computers, numerically controlled machinery, robotics, and office automation – have increased inequality. This is both because some of these technologies, such as personal computers, have been highly complementary to more educated workers (Autor et al. 1998, Autor et al. 2003, Goldin and Katz 2008), and […]