Tag: robot

Workforce Development

Workforce Development

Eakinomics: Workforce Development

Today the president is in Tampa for the latest in a series of events focused on workforce development , with a particular emphasis on “re-skilling” workers to take advantage of different opportunities in the labor market. Obviously, it is a good idea for workers to have the skills necessary to fill the jobs that are open in the modern labor market, which may involve changes in location, occupation, and sector of the economy. Workers, firms, and governments all have various interests in successful re-skilling (see the discussion by the Council of Economic Advisers). Yet this feels […]

How to Make Automation Work for You

How to Make Automation Work for You

A new survey explores the impact of intelligent automation on HR and other functions. Forecasts about the future of human resources suggest that the impact of intelligent automation on HR is significant. Automated processes will no doubt reshape workforces, and enable HR professionals to redirect their efforts away from the mundane and towards the meaningful to manage those shifts.

But what is the best way to make that transition successful?

A new study out today from KPMG found that businesses are eager to embrace automation—but aren’t yet sure how to do so.“The surprising part of the survey is not that managers’ […]

Why AI stealing our jobs may be a blessing in disguise – if we can rethink what meaningful work is

Why AI stealing our jobs may be a blessing in disguise – if we can rethink what meaningful work is

A worker faces an iPal robot, created by AvatarMind, at an assembly plant in Suzhou, Jiangsu province, China, on July 4. Designed to offer education, care and companionship to children and the elderly, the 3.5-feet tall humanoid robots come in two genders and can tell stories, take photos and deliver educational or promotional content. Photo: Reuters In a test conducted by investment firm Loup Ventures, Google Assistant was able to answer the most questions correctly From steam engines to computers, new technologies that emerged from past industrial revolutions stimulated new demand, boosted economic growth and eventually created more jobs […]

John McDonald: Automation won’t take our jobs unless we let it

John McDonald: Automation won’t take our jobs unless we let it

It seems every week there’s a new article about how artificial intelligence and automation can more efficiently complete manual tasks. The McKinsey Institute predicts that 39 million to 73 million jobs—nearly one third of the U.S. workforce—will be automated by 2030.

Alone, with no context, this statistic becomes quite daunting. Why are we inventing ourselves out of work?

But it’s important to remember that automation and unemployment are not synonymous. We can use these advancements, combined with human creative power, to make better work environments, products and services without resulting in a total overhaul of the known employment demographics.Instead of a […]

We have to lay the groundwork for American workers to thrive in a changing economy

We have to lay the groundwork for American workers to thrive in a changing economy

© Getty Images The roadmap for a new American economy does not exist in the past, with old industries and ways of thinking – it must be created now, by us. While our economy continues to recover, many of our friends, neighbors, and family members continue to be confronted by a lack of jobs, wage stagnation, or continued layoffs. Our economy is broken everywhere. The system no longer works for the American worker.

These current hardships combined with continued globalization and the rise of automation will threaten and cause job loss for many Americans. Millions of Americans could have their […]

India to work with BRICS for Fourth Industrial Revolution: Modi

India to work with BRICS for Fourth Industrial Revolution: Modi

Indian Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India’s commitment to multilateralism, international trade and rule-based world order.

Addressing the plenary session of the 10th BRICS (Brazil, Russia, India, China, South Africa) Summit here, Modi said that everybody knows the importance of working together to fight the challenges thrown up by cyber security.

"Industry 4.0 will further increase these challenges and needs," he said." India will like to work with the BRICS on the issue of the Fourth Industrial […]

India to work with BRICS for Fourth Industrial Revolution: PM Narendra Modi

India to work with BRICS for Fourth Industrial Revolution: PM Narendra Modi

Johannesburg : Indian Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India’s commitment to multilateralism, international trade and rule-based world order.

Addressing the plenary session of the 10th BRICS (Brazil, Russia, India, China, South Africa) Summit here, Modi said that everybody knows the importance of working together to fight the challenges thrown up by cyber security. “Industry 4.0 will further increase these challenges and needs,” he said. “India will like to work with the BRICS on the issue of […]

Sales and production of industrial robots in China continues to grow apace

Sales and production of industrial robots in China continues to grow apace

The industrial robotics and automation sector is continuing to grow fast in China.

The latest report to confirm this trend comes from the communist Chinese government propaganda outlet Xhinua .

China has been the world’s biggest buyer of industrial robots for several years now.The majority of industrial robots bought by Chinese companies tend to be made by overseas companies.Big names such as Yaskawa, ABB, Fanuc and others have been doing a roaring trade in China, and setting up manufacturing operations in the country.But in the past year or so, Chinese makers of industrial robots have been emerging and enjoying considerable […]

What will unemployment look like in the future?

What will unemployment look like in the future?

If machines really are set to take over the workforce, will we need to reassess our roles as human beings, develop new skills and decide whether to divert investment – both economic and social – elsewhere?

Forrester predicts robots, AI, machine learning and automation will replace 16% of US jobs by 2025. According to Rohit Talwar, a futurist and chief executive at Fast Future, service sector jobs will be first on the chopping block. Talwar says: “What’s becoming abundantly clear is that, at the national, business and individual level, what will determine our ability to survive and thrive in […]

Lawrie McFarlane: We need safeguards to protect human jobs

Lawrie McFarlane: We need safeguards to protect human jobs

About eight million Canadians could become casualties to robotics, artificial intelligence and machine learning by the year 2030, according to a recent study by the McKinsey Global Institute. A recent study by the McKinsey Global Institute found that at least one-third of workers in most occupations can be replaced by robots. That translates into 800 million lost jobs, worldwide.

In the U.S., according to McKinsey, 70 million Americans could become casualties to robotics, artificial intelligence and machine learning by the year 2030. The equivalent figure for Canada is about eight million jobs — in both cases, roughly 30 per cent […]