Tag: Services

Missing in the future of jobs debate: the elasticity of human needs

Missing in the future of jobs debate: the elasticity of human needs

There is a lot of debate on whether Industry 4.0 with a strong underpinning of artificial intelligence (AI) and machine learning is going to result in large-scale unemployment. This seems a bit odd because neither technology nor automation is a 21st-century phenomenon! They are as old as humanity itself, and if this appears an exaggeration, then they are at least as old as the industrial revolution at least.

The battle between man and machines goes back centuries. At one point of time, the worry was what would happen if spinning machines replaced weavers and if steam engines took the place […]

How the left must respond to the real automation crisis

How the left must respond to the real automation crisis

One of the prevailing themes of our time is that the robots are coming for our jobs WAGES may be stagnant, conditions may be lousy, job security may be a thing of the past, but the one economic problem we seemingly don’t have right now is unemployment. Indeed, last year it was announced that Britain had its highest proportion of people in work since 1975. Nonetheless, one of the prevailing themes of our time is that the robots are coming for our jobs and that vast swathes of the population are about to be declared redundant.

There is more plausibility […]

Economists worry we aren’t prepared for the fallout from automation

Economists worry we aren’t prepared for the fallout from automation

Are we focusing too much on analyzing exactly how many jobs could be destroyed by the coming wave of automation, and not enough on how to actually fix the problem? That’s one conclusion in a new paper on the potential affects of robotics and AI on global labor markets from US think tank, the Center for Global Development (CGD).

The paper’s authors, Lukas Schlogl and Andy Sumner, say it’s impossible to know exactly how many jobs will be destroyed or disrupted by new technology. But, they add, it’s fairly certain there’s going to be significant effects — especially in developing […]

Automation vs jobs

Brown published: Automation vs. Sep 15, 2017 · The fear of robots replacing jobs is real — consider self-checkout kiosks and self-driving trucks. Experience strongly influences income for this job. S. Jobs. com/cgpgrey ## Robots, EtcStudents searching for Automation Technician: Job Description, Duties and Requirements found the links, articles, and information on this page helpful. Salary Comparisons: Which profession earns more software testing Test Automation YouWorth allows anyone to import LinkedIn skills and track their job …Since the turn of the century, the global recession has affected most businesses, including industrial automation. The skills that increase pay for this […]

How the Wheel of Innovation Impacts the Economy

How the Wheel of Innovation Impacts the Economy

Innovation is all about disruption. This forces businesses to evolve if they wish to remain relevant in today’s rapidly-changing economic climate. It is also a key factor in economic growth, without which enduring economic growth would be impossible.

So what exactly is innovation? The European Central Bank describes it as “the development and application of ideas and technologies that improve goods and services or make their production more efficient”.

Innovation is what keeps established enterprises from becoming stagnant, and it is in the DNA of all exciting startups.Innovation, when done properly, challenges old paradigms, develops new ways of thinking, improves quality […]

Don’t blame Harley-Davidson for making a smart business decision

Don't blame Harley-Davidson for making a smart business decision

I ride motorcycles. I’m partial to Harley-Davidson motorcycles because I’m from Wisconsin, home of the company’s headquarters, but also because I have fond memories of riding my Harley with many friends, when I was a member of Congress, during the annual Rolling Thunder event in Washington to honor military veterans.

I understand Harley-Davidson’s recent decision to move production of its motorcycles for sale in the European Union to plants outside the United States.

It wasn’t a surprise — that’s what just about any company would do when faced with a 25 percent tariff imposed by the E.U. in response to President […]

Australia needs 200,000 more jobs to thrive in digital economy

Australia needs 200,000 more jobs to thrive in digital economy

In order for Australia to take the lead in digital skills and employment, the nation requires the creation of an extra 200,000 jobs, a new report has revealed.

According to the 2018 edition of the Australian Computer Society (ACS) Digital Pulse report, the country needs a further 100,000 technology jobs on top of the 100,000 roles already forecast in the next five years.

In just the last three years, 63,000 new tech roles were created, with the Australian ICT workforce growing 3.5 per cent from 640,800 workers in 2016, to 663,100 workers in 2017.“The demand for digital skills in our economy […]

Machine learning will redesign, not replace, work

Machine learning will redesign, not replace, work

New research shows that machine learning will likely replace tasks within jobs, not whole occupations. Credit: MIT Sloan School of Management The conversation around artificial intelligence and automation seems dominated by either doomsayers who fear robots will supplant all humans in the workforce, or optimists who think there’s nothing new under the sun. But MIT Sloan professor Erik Brynjolfsson and his colleagues say that debate needs to take a different tone.

New research finds that specific tasks within jobs , rather than entire occupations themselves, will be replaced by automation in the near future, with some jobs more heavily impacted […]

“Intelligent Apps Loaded With Digital Twin Will Drive People And Industry”-Dr. Jitendra K. Das

“Intelligent Apps Loaded With Digital Twin Will Drive People And Industry”-Dr. Jitendra K. Das

“Intelligent Apps will impact the lives and drive people at both personal and industrial level. These apps will no longer be the apps which we use today, but will be much more intelligent, advanced and loaded with AI and Digital Twin ”, said Dr. Jitendra K. Das , Director FORE School of Management, New Delhi.

Dr. Das was the Chairperson of the session themed – Role of Robotics, AI and Automation to Make In India at the recently held “8th Manufacturing Innovation Conclave” – Building manufacturing, Building India, organized by Confederation of Indian Industry (CII) with co-panelists – Harish Mehra, […]

A third of New Zealand jobs to be automated away by 2036

A third of New Zealand jobs to be automated away by 2036

Meet your replacement, human. The next generation of workers is being readied to take your job Rural New Zealand is going to get hit hard by a wave of automation predicted to wipe away as many as 31 per cent of existing jobs by 2036.

Cities will fare better, a new report on the future of work forecasts, but that could force country dwellers to migrate to already crammed cities like Auckland and Wellington in search of work.

Gareth Kiernan of Infometrics, who unveiled the Megatrends report at the Industry Training Federation conference at Te Papa in Wellington on Tuesday, said […]