Tag: Services

Technological advancements do not take away jobs, they create jobs

Technological advancements do not take away jobs, they create jobs

The new technology of today, especially Automation, Artificial Intelligence (AI), robotics, and the Internet of Things (IoT) has made a remarkable impact by improving its capabilities to perform the tasks that were previously done by humans. This rapid advancement in technology has raised concerns that machines will replace human labor. Whenever a new technology is introduced in the market, it sparks intense debate on “Will technological advancements take away jobs from people?”

If you dig into past data, you will realize that automation has replaced manual labor and jobs of repetitive nature. Many information technologies have improved manufacturing processes by […]

A rise in self-service technologies may cause a decline in our sense of community

A rise in self-service technologies may cause a decline in our sense of community

Public-facing automation, like self-service kiosks, reduce the chances we have to interact with other people. (Shutterstock) Automation, once hidden behind closed doors in factories, is increasingly moving into public view. Customers can pay for groceries or clothing at a self-checkout machine, order fast food from a touchscreen kiosk or even pickup coffee from a “ robo-café .”

These technologies, which substitute human contact for robot-based interactions, are examples of self-service technologies — innovative public-facing automation which “ enable customers to perform entire services on their own without direct assistance from employees .”

While self-service technologies have the potential to improve efficiency […]

Embracing AI at Work: Fear or Opportunity?

Embracing AI at Work: Fear or Opportunity?

Embracing AI at Work: Fear or Opportunity?

Wayne S Owens

· Follow 7 min read·1 hour agoA staggering 85% of Americans already use AI technology. This is in everyday tools like navigation apps and smart devices. Yet, the idea of embracing AI at work makes many people nervous. They worry about job security and the future of work . However, this fear hides a big chance. It’s a chance to adapt and do well in a work world changed by AI advances that make us wary.Seeing the growth of AI, we must switch from fear to aiming high. […]

Exploring the Effects of Automation on Employment

Exploring the Effects of Automation on Employment

Robot hand Job seekers have long kept an eye on automation and the effects that it’s had, or will continue to have, on the job market. As technology rapidly advances, it’s no surprise that automation continues to be a hot topic across various industries.

Is there truth to the hype, or is the anxiety and concern merely the product of a phantom fear? Let’s dive into the subject further, unpack the myths, and explore the opportunities automation brings to the workforce. What Is Automation?

Simply put, automation involves using technology to perform tasks that typically require human effort. Most […]

Call center jobs at risk as AI advances, TCS CEO K Krithivasan warns

Call center jobs at risk as AI advances, TCS CEO K Krithivasan warns

Tata Consultancy Services (TCS) CEO K Krithivasan has forecasted a big shift in the call center industry, with Artificial Intelligence (AI) said to dramatically reduce the need for traditional call centers within a year or so.

Advertisement Krithivasan believes that chatbots equipped with generative AI will be designed to analyse customer transaction histories and perform tasks traditionally handled by call centre agents. Photo: Bloomberg In Short

TCS CEO K Krithivasan has predicted a big shift in the call center industry He warns that AI could dramatically reduce the need for traditional call centers He predicted that this could happen […]

5 Key Economic Impacts And Strategic Implications Of AI For Leaders

5 Key Economic Impacts And Strategic Implications Of AI For Leaders

Liz Bacelar and Sophia the robot as a special guest of the Impact18 congress held in ICE Congress The economic impacts of Artificial Intelligence (AI) are not just significant, but also complex, influencing various aspects from individual firms to global financial structures. Understanding these impacts is crucial for business leaders as it can guide their decision-making and help them adapt to the evolving business landscape. Strategically, AI acts as a catalyst for innovation and a disruptive force, reshaping industries and altering competitive dynamics. A leader should know the following 5 economic impacts and strategic implications of AI. 1. Productivity […]

LinkedIn CEO says galvanizing 18,000 employees to shift objectives to AI hasn’t been easy but they’ve worked to ‘create a movement around it’

On this episode of Fortune ’s Leadership Next podcast, co-hosts Alan Murray and Michal Lev-Ram sit down with LinkedIn CEO Ryan Roslansky to discuss the company’s metamorphosis into an AI company. The interview covers topics ranging from the reasons for the change to how people should think about jobs in the future. Roslansky also explains why the future will be more about building for agility instead of stability.

Listen to the episode or read the transcript below. Transcript

Alan Murray: Leadership Next is powered by the folks at Deloitte who, like me, are exploring the changing rules of business leadership […]

Most Work Is New Work, Long-Term Study of U.S. Census Data Shows

Most Work Is New Work, Long-Term Study of U.S. Census Data Shows

By Peter Dizikes | MIT News

This is part 1 of a two-part MIT News feature examining new job creation in the U.S. since 1940, based on new research from Ford Professor of Economics David Autor. Part 2 is available here .

In 1900, Orville and Wilbur Wright listed their occupations as “Merchant, bicycle” on the U.S. census form. Three years later, they made their famous first airplane flight in Kitty Hawk, North Carolina. So, on the next U.S. census, in 1910, the brothers each called themselves “Inventor, aeroplane.” There weren’t too many of those around at the […]

A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says

A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says

Fortune· Scott Olson—Getty Images Manufacturing has been front and center in recent years as the U.S. and China engage in a tech rivalry while companies look to reposition more of their supply chains domestically.

President Joe Biden has touted his policies to encourage more U.S. production of chips and green-energy technologies. Earlier this month, his administration pledged up to $6.6 billion so that Taiwanese Semiconductor can expand its facilities in Arizona . And last month, the administration reached a $19.5 billion funding deal with chip giant Intel for four new U.S. plants.

But data in the U.S. and other global manufacturing […]

“Backward Communities unite and Resist BJP and it’s Crony Corporates”

“Backward Communities unite and Resist BJP and it’s Crony Corporates”

“Backward Communities unite and Resist BJP and it’s Crony Corporates” 1 The BJP governments’ aggressive push for privatisation, corporatisation, automation etc – what they call ‘economic reforms’ – is rapidly undoing the meagre gains made by backward communities in recent decades. The electoral bonds scam has clearly revealed, these policies are shaped for the benefit of corporations, the overwhelming majority of them run by savarnas.

Important research findings all Indian citizens must pay heed to:

Corporate India is a savarna club: A study by Swadeshi Andolan revealed that not a single SC or ST person is present on […]