The global Computer Numerical Control (CNC) machine market is expected to reach a staggering $117 billion by 2027 . Simultaneously, the CNC industry is rapidly evolving, implementing modern-day technologies designed to increase precision, efficiency, reduce waste, and cycle time. The growing need for reducing operating costs of production capacities, human resources, and errors in component production, led to the growth of manufacturing automation and higher demand for latest technology CNC machines. In the meantime, numerous huge manufacturing facilities are increasingly utilizing CNC lathes to perform cutting, drilling, knurling, deformation, facing, and turning operations, all while producing finished components or […]
Why a University Degree Is A Waste of Money In The Modern Age A destitute man trudges along a street in the Zimbabwean capital Harare, pulling a home-made cart loaded with scrap metal to sell. He is a university graduate. 32-year-old Hillary Mbedzi(not real name) holds a degree in Sociology, but eight years after he graduated, he still has no formal job. “My degree is just a worthless paper. It has not helped me to find employment,” Mbedzi says.
Growing up in Zimbabwe, one of the biggest lessons you are taught by your parents is to go to school, take […]
Technology and ”industrialization” are reshaping services as they did manufacturing
These days, as a global pandemic decimates jobs and commerce, many of us can’t wait for the economy to get back to normal. But ”normal” — in the business sense, anyway — has itself been a rapidly changing thing in recent years, and the wide array of economic changes underway seem certain to accelerate rather than slow.
In other words, even when the virus is under control, normal is going to look a lot different than it used to.That’s one takeaway from a massive examination of the effect on jobs […]
With more than 40 million Americans unemployed amid the coronavirus pandemic, there are thousands of jobs unlikely to ever return. Whether that’s because businesses will ultimately shutter (or permanently reduce staff) or industries will be reinvented, there are myriad unknowns when trying to chart projections for the economic future of the U.S. economy. A paper released in May 2020 by the Becker Friedman Institute at the University of Chicago projected that 42% of layoffs caused by the pandemic will be permanent .
In addition to fewer jobs being available in certain sectors, other employment sectors as a whole are at […]
Credit: GE Aviation Ask the Editors: The Aviation Week Network invites our readers to submit questions to our editors and analysts. We’ll answer them, and if we can’t we’ll reach out to our wide network of experts for advice.
What will happen to the aerospace industry when 100,000 jobs are lost in the next two years?
Senior Business Editor Michael Bruno responds: Workers will be fortunate if it is only 100,000 jobs lost. We know already that tens of thousands of layoffs—not furloughs but permanent workforce reductions—have been set in motion. More are expected in the coming […]
Where have all the robots been hiding during the Covid-19 crisis?
For about a decade, we have heard rumors that a new generation of automated technologies have learned to do our jobs. If these tech prophecies were true, robots and algorithms should have been ready to step in during the lockdowns and finally prove that they can work more safely, cheaply, and efficiently than we can. But when Covid-19 gave the stage to automation, people stepped into the spotlight.
Robots aren’t staffing hospitals, stocking shelves at grocery stores, cooking and serving meals, disinfecting bathrooms, delivering packages, driving buses, or educating students. […]
A first look inside Garner’s Amazon Fulfillment Center
A look inside the partially completed Amazon Fulfillment Center in Garner, NC. When open, Amazon will use humans and and hundreds of robots to make package delivery more efficient. By ABC11 News captions off, selected
A look inside the partially completed Amazon Fulfillment Center in Garner, NC. When open, Amazon will use humans and and hundreds of robots to make package delivery more efficient. By ABC11 News In as little as two years, small robots may be delivering your packages, takeout and even medical supplies, thanks to a bipartisan North Carolina […]
Under threat. If coping with new technologies was not enough, the pandemic has thrown additional challenges for computer engineers in India.
With Covid-19 changing the nature of workplaces , experts believe there are some IT jobs that won’t survive the pandemic.
Already, hundreds of IT workers in India are being placed on furlough or getting fired.“They gave me two options—either take a severance pay equal to my three-month salary and leave, or wait for one month on the bench for new projects,” an unnamed Cognizant Technology employee who was asked to leave on May 22 told daily newspaper New Indian Express […]
In 2015, Google, under Alphabet Inc, produced the first autonomous (self-driving) car, and today we have more than 19 autonomous parts manufacturers in the world. In the US, automated vehicles have already started roaming the streets and integrated with self-driven cars.
Based on that, researchers have moved from wondering if these cars should exist to observe how they potentially impact cities and their residents if all vehicles become autonomous. Additionally, it’s been estimated that by 2035, 10 percent of road vehicles will be autonomous, and by 2050, that number will increase significantly to over 50 percent. This will, no […]
Mining is no stranger to digitalisation. The widely held perception of the resources industry is one of workers in mines and not one of machines running almost everything.
But technological advances have already resulted in adoption of mechanisation, automation and data-driven production optimisation.
Companies such as BHP, Anglo American and Rio Tinto have embraced digitalisation to gain a competitive advantage, mitigate risk and improve performance. They use advanced data analytics, virtual reality and artificial intelligence to reduce costs and increase efficiency in their processes, leading to enhanced ore recovery and less waste, to name a couple of benefits.But the Covid-19 pandemic […]