Tag: Services

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 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 […]

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, […]

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 […]

Frere Enterprises Explores the Future of the Workforce in an Artificially Intelligent World

PETALUMA, Calif., Sept. 13, 2018 /PRNewswire/ — Every so often, a technological advancement comes about that is so earth-shattering that it changes the way entire industries work. These disruptive innovations can change not only how businesses are run, but also how people live and work. One such technology that promises to be a complete game-changer is artificial intelligence (AI). Once a mere science fiction fantasy, AI is quickly being developed to the point that it has very real-world applications. As this technology moves from the realm of fiction to reality and companies increase their use of it, the question […]

The role of financial services professionals in an automated world

The role of financial services professionals in an automated world

As many as 800 million jobs could be lost worldwide to automation, according to a study by the McKinsey Global Institute.

However, the technology will also create new jobs, existing ones will be reshaped, and workers will be provided with unprecedented opportunities.

Every sector will be impacted by this seismic shift – and financial services will be no exception.For instance, data capturing, bean counting and basic financial advice will soon be jobs of the past as machines and automated processes are introduced.In the modern working environment, the kind of skills that will see a new kind of professional class rise will […]

Towards Zero: Automation, Work, Crisis. Masterclass with Jason E. Smith

Towards Zero: Automation, Work, Crisis. Masterclass with Jason E. Smith

© Frikøbt Dato: 21. september 2018 Tid: Kl.13:00-16:00 Sted: Lokale O95 , SDU, Campus Odense Tilmelding: Pr. mail til sekretær, Jeanet Dal – mail: dal@sdu.dk For adgang til materialet kontakt: Dominique Routhier: Dominique@sdu.dk Antal deltagere: Max 6. personer ECTS: Oplyses senere Towards Zero: Automation, Work, Crisis. Masterclass with Jason E. Smith

Over the past ten years or so, a number of books and studies, and even more articles in the popular and business press, have warned of an imminent wave of automation in the advanced economies of North American and Europe. This wave, they argue, threatens to wipe out […]

Study Says Trump Tariffs Create 20 New U.S. Jobs for Every One Lost

Study Says Trump Tariffs Create 20 New U.S. Jobs for Every One Lost

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Pin It Share Email Print Late-night news comic John Oliver recently gave a 20-minute talk about President Donald Trump’s use of tariffs. As always, he was very funny, but he made a few mistakes in his analysis of trade.The Coalition for a Prosperous America (CPA) would like to help provide a better understanding of the issue. To start with, Oliver said that Americans will pay for the tariffs imposed by the president. That’s not actually true. In fact, it’s basic economics that every tax is paid partly by the producer and […]

Robots ‘could make 400,000 West Yorkshire jobs obsolete in 20 years’, says report

Robots 'could make 400,000 West Yorkshire jobs obsolete in 20 years', says report

The study suggested the changes will not necessarily mean a loss of jobs overall, but warned inequality could get worse. Robots and automated technology threaten to make more than a third of jobs in West Yorkshire obsolete within 20 years, a report has warned.

The West Yorkshire Combined Authority study said more than 400,000 jobs in the region are at risk, with low-skilled and manual work potentially worst affected by automation.

The study suggested the changes will not necessarily mean a loss of jobs overall, but warned inequality could get worse as “lower paid workers (are) likely to be […]