Tag: robot

Emerging Tech Will Create More Jobs Than It Kills by 2022, World Economic Forum Predicts

Emerging Tech Will Create More Jobs Than It Kills by 2022, World Economic Forum Predicts

Image: AP The advancement of robotics and artificial intelligence will make 75 million jobs obsolete by the year 2022, according to a new report. Sounds dreadful, but the same report goes on to predict the creation of 133 million new jobs over the same period.

There’s a lot of uncertainty right now about the future of work, and how emerging technologies will change the nature and availability of jobs in the coming years. It’s tempting and wholly reasonable to believe, as so many do , that technological advances, particularly in the areas of robotics and AI, will result in massive […]

Artificial Intelligence WARNING: Can intelligent robots replace human jobs by 2025?

Artificial Intelligence WARNING: Can intelligent robots replace human jobs by 2025?

Robots could take over 52 percent of the current workload in less than a decade, forcing humans to rethink how they approach jobs.

According to the Geneva-based World Economic Forum (WEF), the number of robots taking over jobs from people will double from the current 29 percent.

The thinktank warned machines could force 75 million people out of jobs as early as 2022.The WEF said in a report published today: “By 2025 more than half of all current workplace tasks will be reformed by machines as opposed to 29 percent today.” The report dubbed this rapid displacement of workers the […]

AI ‘to create twice as many jobs as it destroys’

AI ‘to create twice as many jobs as it destroys’

The World Economic Forum has issued a report stating that over the next decade AI could create almost double the number of jobs that it will destroy. According to the World Economic Forum (WEF), about 133m jobs globally could be created with the help of rapid technological advances in the workplace over the next decade, compared with 75m that could be displaced.

Developments of machines and automation software in the workplace could create 58 million new jobs in the next five years, according to the report.

The outlook for job creation is more positive today because companies better understand what kind […]

Artificial Intelligence Will Kill These Jobs (And #5 Has Nobody Else To Blame)

Artificial Intelligence Will Kill These Jobs (And #5 Has Nobody Else To Blame)

The fourth industrial revolution is upon us and the machines are coming to take your job: but which industries are going to get hit hardest when Artificial Intelligence comes of age?

Nobody knows, is the truthful answer. We know that machine learning will change the world and automation will kill anywhere between 20% and two-thirds of the jobs on the open market.

Blockchain technology is accelerating AI research, to the extent that there are even companies like DeepBrain Chain that specialize in nothing but providing computing resources to AI developers.Former Bank of England chief executive Antony Jenkins suggests half of customer […]

RUTH SUNDERLAND: History tells us automation does not take away human work, but it shifts people from one type of work to another

RUTH SUNDERLAND: History tells us automation does not take away human work, but it shifts people from one type of work to another

We shouldn’t be surprised the TUC is waxing lyrical about how robots and new technology will liberate us all to work less for the same money.

After all, no less an authority than Karl Marx claimed automation would help free the miserable proletariat from their drudgery.

John Maynard Keynes predicted in his 1930 essay, Economic Possibilities For Our Grandchildren, that technology would allow people to work no more than 15 hours a week. ‘Three hours a day is quite enough,’ he opined. Keynes didn’t have any grandchildren, but if he had, it’s highly unlikely they would be basking in hours of […]

Robots in workplace ‘could create double the jobs they destroy’

Robots in workplace 'could create double the jobs they destroy'

The rise of machines, robots and algorithms in the workplace stands to create almost double the number of jobs for the global economy by the middle of the next decade than it puts at risk of being replaced.

According to the World Economic Forum (WEF), about 133m jobs globally could be created with the help of rapid technological advances in the workplace over the next decade, compared with 75m that could be displaced.

The findings will go some way towards assuaging fears that the rise of the robot economy could cost millions of workers their jobs, with widespread ramifications for pay, […]

New industrial revolution means workers may never retire, warns Mark Carney

New industrial revolution means workers may never retire, warns Mark Carney

File photo dated 24/05/18 of Bank of England Governor Mark Carney. PRESS ASSOCIATION Photo. Issue date: Tuesday August 28, 2018. Victoria Jones/PA Wire. A new industrial revolution could mean many workers will never have enough money to retire, Bank of England governor Mark Carney has warned.

He said automation, artificial intelligence, biotechnology and 3D printing will lead to higher unemployment and rising inequality.

The predicted changes, which Carney described as a fourth industrial revolution, could lead to a “substantial skills mismatch”.He said about ten per cent of jobs in the UK will disappear, while the “threat of robot substitutes” will weaken […]

Will Robotic Process Automation Bring Down The Curtain On Outsourcing?

Will Robotic Process Automation Bring Down The Curtain On Outsourcing?

If there is one area that Robotics Process Outsourcing affected widely is near and offshore jobs. Robotic process automation (RPA) is applied to a variety of business processes by automating rule-based monotonous tasks and bridging temporary gaps. Basically, the RPA engines are loaded with highly-specific process knowledge which enables rules-based automation. Today, robotics lifecycle is automating almost half the traditional back-office functions which are being augmented with automation and are offsetting the cost of locations, noted a Deloitte Financial Services paper. So far, the early stages of adoption have shown businesses great benefits. According to recent statistics, robotic automation […]

Does the rise of AI mean the decline of employment?

Does the rise of AI mean the decline of employment?

The American futurist Ray Kurzweil predicted a “singularity” by 2030: an exponential increase in technologies, robotics and nanotechnology that would see AI overtake human intelligence in a sort of biotechnical convergence of man and machine.

While the singularity may still be far off, the impact of technology on the world of work can hardly be disputed. But is it a good thing?

The jury’s out, says Daron Acemoglu, Professor of Economics at MIT. On one side are the technology optimists who see a bright future immeasurably enhanced by technology. On the other side are those who see AI as a threat […]

Let’s reboot work – is it really robots vs people?

Let’s reboot work – is it really robots vs people?

The debate about technology in business and the workplace is one that tends to exist at extremes.

On the one side you have the evangelists, who want to put as much technology as possible into every nook and cranny. They will tell you that tech can only ever mean a more efficient and productive organisation.

Against them are the doom-mongers, who point to the threat that automation and artificial intelligence (AI) pose to jobs and humanity. They fear that, by opening the door to the power of AI, we are sowing the seeds of our own eventual destruction.And the rest of […]