Tag: Services

India’s higher education system needs drastic changes to address tech-induced challenges

Nov 13 (IANS): As the world stands on the brink of the Fourth Industrial Revolution, powered by a wide range of new technology breakthroughs such as Artificial Intelligence (AI), Machine Learning (ML), advanced robotics, Internet of Things IoT), Cloud computing and 3D printing, major changes are expected in the labour market globally.

There will be reduced demand for middle-skilled workers doing repetitive tasks and increased demand for more highly-skilled workers — and also low-skilled workers doing non-routine work. While many developed countries, such as the US and Japan, as also several European economies, are already experiencing this polarisation, the labour […]

Populating your organisation in the face of rapidly-advancing technology

Populating your organisation in the face of rapidly-advancing technology

Aadil Patel, National Head of the Employment practice at Cliffe Dekker Hofmeyr (CDH) Society is currently experiencing the beginnings of a revolution that will fundamentally change the way we in South Africa live, work and relate to one another. Driven by technology, this transformation presents diverse and fascinating challenges – as well as opportunities, not only for the evolving Human Resources (HR) function.

Due to its scope, scale and complexity, the Fourth Industrial Revolution (4IR) is unlike anything we have ever experienced before. The question becomes – is an organisation ready to face this new era of work and associated […]

4.0 new-age tech & jobs

Industrial 4.0 new-age technologies are disrupting the jobs around the global. This is likely to have a marginal impact on labour surplus economy like India, where more important concerns are creation of more formal or decent jobs and rising non-standard form of work, which is replacing the limited formal or regular work in the organised sector.

The ‘Future of Jobs Report 2016’, a study by World Economic Forum, first highlighted that Industry 4.0 with new-age technologies such as artificial intelligence, advanced robotics, 3D printing and cloud computing may impact existing jobs & ways of working, particularly the entry-level, low-medium skilled […]

Moving Target: Preparing Today’s Minds For The STEM Jobs Of Tomorrow

Moving Target: Preparing Today's Minds For The STEM Jobs Of Tomorrow

Education reform continues to be fiercely debated, but one thing is clear: It’s imperative that leaders align K-12 classrooms with the growing demands of the future science, technology, engineering and mathematics (STEM) workforce. What makes this task particularly challenging is that today’s youth will likely face challenges that the adults around them can barely imagine. We’re living in a precarious moment in human history in which some have argued that technology is so disruptive that productivity is outpacing job growth. Preparing the children of today to succeed in a completely different job market is a responsibility we cannot ignore […]

Boosting education will help address short-term economic pain of AI, Mark Carney tells U of T audience

Boosting education will help address short-term economic pain of AI, Mark Carney tells U of T audience

The revolution spawned by artificial intelligence and machine learning will – like previous industrial revolutions – hurt employment and wage levels in the short term, Bank of England Governor Mark Carney told a University of Toronto audience on Tuesday. But in the long run, he said, productivity gains will kick in and employment levels will recover, if historical precedents are a guide.

Carney, a former Bank of Canada governor, was speaking at the fourth annual conference on Machine Learning and the Market for Intelligence organized by the Creative Destruction Lab at U of T’s Rotman School of Management. About 600 […]

Michael Osborne: “Perhaps driving a car will be illegal by 2050.”

Michael Osborne: “Perhaps driving a car will be illegal by 2050.”

Michael Osborne, Dyson Associate Professor in Machine Learning at the University of Oxford. Where is automated driving headed? In the third part of our interview video series, machine learning expert Michael Osborne explains why we need to prevent driverless cars from becoming black boxes.

Let’s look at the big picture! At a recent developer conference of technology company Continental in Copenhagen, 2025AD had the chance to talk to several renowned experts from various fields. We asked them what impact automated driving will have on our society, how public trust in driverless cars can be created and whether humans will still […]

Q&A: AI and the future of business

Q&A: AI and the future of business

What impact will AI have on the world of work over the next 10-15 years?

Artificial Intelligence (AI) will disrupt industries of all kinds, from manufacturing to healthcare, but the technology’s most immediate impact will be felt by the workers supporting these industries.

AI will find new efficiencies in almost any process-driven work, which will lead to better products and services, lower production costs and shorter supply chains. Over the course of this process, a vast number of jobs that are currently held by humans will be replaced. This will shake up the world of work more […]

America’s ‘good’ jobs going to these workers

America's 'good' jobs going to these workers

While the economy is strengthening and employment opportunities are expanding in the wake of the financial crisis, the outlook for some workers is stronger than others, a new report shows.

According to a study by researchers from Georgetown University, the number of “good” jobs available to prospective workers with different skillsets has changed dramatically since the late 1900s.

“Since the 1980s, good jobs in industrial America have been under attack by four interrelated economic trends: globalization, automation, upskilling and the shift in good jobs away from manufacturing toward skilled-services industries such as information technology and healthcare,” researchers wrote.While workers with a […]

AI will cause role changes, not necessarily job losses: Studies

AI will cause role changes, not necessarily job losses: Studies

With automation, salary levels will go up due to specialisation of skillsets. MUMBAI: More than half of generic work profiles are facing the risk of disruption over the next two years due to automation, according to an estimate by Teamlease Services . However, this does not necessarily imply job losses as automation would throw up new job profiles for those getting substituted, experts said.

A Teamlease Services study, based on data from secondary sources, estimates 52-69% of repetitive and predictive roles in sectors including IT, financial services, manufacturing, transportation, packaging and shipping to get exposed to the risk of automation […]

Op-Ed: Up to 57% of jobs at risk from automation? Maybe

Op-Ed: Up to 57% of jobs at risk from automation? Maybe

Sydney – The doomsday scenario for the workforce and the 20th century way of life, automation, is coming. The problem is that nobody’s too sure exactly what will happen. Will it be that bad? Better? Worse? Clueless, more like.

Some researchers are citing the 57% figure as ballpark, based on projections over coming decades. United States numbers in these research scenarios are pretty scary. “Projections” is slightly better than an educated guess, but it’s a big number. Other researchers cite much lower figures, which doesn’t help clarify anything much. In fact, the plague of predictions about the impact of automation […]