Tag: Services

The Curious Task: The Automation Problem

The Curious Task: The Automation Problem

[Fair warning, this post is a bit long. This is a transcription from a Podcast Episode. If the post is a bit long for your tastes, please consider listening to the podcast episode instead.] Does automation kill jobs?

Since 1900, Manufacturing and Agriculture jobs have diminished a great deal. Using a measurement of total US employment, we can observe there has been damage to employment in these industries. Agriculture went from almost 40% in 1900, to less than 2% by 2010. Manufacturing from 25% in 1900, to just under 10% in 2010.

While automation is not responsible for the total […]

A UTOMATION AND JOBS: Labour-saving technologies can boost employment [read]

The policy challenge posed by new labour-saving technology is not mass unemployment but how to help workers to make the transition from industries, occupations and regions where automation has destroyed jobs to those where jobs have been created. That is the central conclusion of new research by James Bessen. His study notes that while many people associate automation with a large-scale loss of jobs, as in many of today’s manufacturing industries, in the early years of the cotton textile, primary steel and automotive industries, employment grew strongly along with automation for many decades (see Figure 1 ). The key […]

In a new book, Salman Anees Soz lists four key policymaking principles to tackle unemployment

In a new book, Salman Anees Soz lists four key policymaking principles to tackle unemployment

Workers at a MNREGA construction site. | HT Photo When the next government takes over, it will have to attend to multiple challenges. Before we discuss those, however, we need to talk about an overarching challenge that is at the heart of any discussion involving India’s future – employment generation.

If the economy produces the kinds of decent jobs that Indian youth are struggling to find right now, the ramifications will be massive and positive. India could end extreme poverty, reduce inequality and achieve upper-middle-income country status. The table below provides the World Bank’s income classification. India’s gross national income […]

Could Automation Take Your Job?

Could Automation Take Your Job?

The future of employment looks very different from today. If you count only those jobs ranked in the top 10 most popular professions in the U.S., only counting within those the ones with a 90% or more likelihood of automation, there will be 16 million jobs lost to automation within the next few years.

Click the image to view the full-size infographic. <a href="https://www.titlemax.com/discovery-center/lifestyle/could-automation-replace-your-job/"><img src="https://storage.googleapis.com/titlemax-media/26ef3483-could-automation-take-your-job-6.png" alt="Could Automation Take Your Job? – TitleMax.com – Infographic" title="Could Automation Take Your Job? – TitleMax.com – Infographic"></a><br><a href="https://www.TitleMax.com" alt="TitleMax.com" title="TitleMax.com">Created by TitleMax.com</a> Retail sales employees represent nearly a fourth of that number: 4,442,909 […]

How to Get the AI-powered Economy We Want

How to Get the AI-powered Economy We Want

The American economy accelerated nicely in the middle of last year. A Two Percent Economy no more! Well, at least for a bit. Economic growth now seems to be reverting to the humdrum pace seen over most of the post-Financial Crisis recovery. (The Trump White House, it should be noted, sees things more optimistically .) The combo of slower labor force growth and productivity growth means the economy’s growth potential isn’t what it once was.

But maybe artificial intelligence can accelerate economic growth on a sustained basis by boosting productivity growth. In their 2018 paper, “ AI and the Economy […]

‘Everyone wants to collect data, but a few firms have found a meaningful use’

'Everyone wants to collect data, but a few firms have found a meaningful use'

(From left) Rajrishi Singhal, consulting editor, Mint; Sanjeev Sharma, MD, ABB India Ltd & ABB R&D India; Karan Virwani, CWeO, WeWork India; Rajesh Janey, president and MD, India enterprise, Dell EMC; Sashi Sreedharan, MD, Microsoft India; Rahul Agarwal, CEO and MD, Lenovo India, Piyush Shah, co-founder and president, marketing cloud and data cloud, InMobi at Mint Digital Innovation Summit 2019. Companies need to focus more on putting data to meaningful use rather than just blindly gathering the data. This was the consensus at the CEO Panel during the Mint Digital Innovation Summit . The panel comprised Sanjeev Sharma, managing […]

A Declining Population is a Supreme Asset in The Age of AI, Robotics And Automation

A Declining Population is a Supreme Asset in The Age of AI, Robotics And Automation

A slew of articles from western outlets as well as the Hong Kong based anti-Beijing South China Morning Post have suggested that as China’s population is set to contract, this will have a negative impact on the economy. Ironically, this comes at a time when US Presidential candidate Andrew Yang is proposing a new economic model to deal with the rise of artificial intelligence (AI) and increased automation that will render many human jobs redundant sooner rather than later. As China is already a global leader in AI, China’s history of managing once uncontrollable population growth has led the […]

How to get the AI-powered American economy that we want

The American economy accelerated nicely in the middle of last year. A Two Percent Economy no more! Well, at least for a bit. Economic growth now seems to be reverting to the humdrum pace seen over most of the post-Financial Crisis recovery. (The Trump White House, it should be noted, sees things more optimistically .) The combo of slower labor force growth and productivity growth means the economy’s growth potential isn’t what it once was. I.P. Park, president and chief technical officer for LG Electronics, speaks on artificial intelligence during a keynote address at the 2019 CES in Las […]

Personalized learning can unlock great value for Indian enterprises: Chris McCarthy, Degreed

Personalized learning can unlock great value for Indian enterprises: Chris McCarthy, Degreed

India is a learner-centric market and if people are guided towards the right set of skills, there is a phenomenal opportunity and value waiting to be unlocked, says Chris McCarthy, CEO of Degreed. Degreed is a lifelong learning platform that individuals and organizations can use to discover learning content, build skills, and certify their expertise.

With customers including Cisco, Unilever, Github, Dell EMC, NASA, Mastercard, Airbnb and more, Degreed is creating a personalized learning experience to help employees learn new skills in the age of constant disruption.

In an exclusive interaction with IDG Media , Degreed’s CEO Chris McCarthy shared his […]

March 2019: Automation and the Future of Work

March 2019: Automation and the Future of Work

Digitization and automation will displace some workers, create new jobs, and encourage reskilling in industries like retail, logistics, manufacturing, and construction.

Automation’s impact on the job market has been and will continue to be significant, to say the least. Forrester Research calls automation central to the next phase of digital transformation, because it’s driving value in terms of faster product delivery, better product quality and higher dependability, and more personalization and convenience. Alongside all the excitement about automation and the future of work, however, is fear about job displacement and, occasionally, a bit of fear-mongering as well. Certainly, the […]