Tag: Services

The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

anucha sirivisansuwan/Getty Images The basic fact is that technology eliminates jobs, not work. It is the continuous obligation of economic policy to match increases in productive potential with increases in purchasing power and demand. Otherwise the potential created by technical progress runs to waste in idle capacity, unemployment, and deprivation. — National Commission on Technology, Automation and Economic Progress, Technology and the American Economy, Volume 1, February 1966, pg. 9.

The fear that machines will replace human labor is a durable one in the public mind, from the time of the Luddites in the early 19th century. Yet most economists […]

Kosmala to Chair PTI Conference

Kosmala to Chair PTI Conference

PTI is proud to announce Kris Kosmala, Vice President APAC with Quintiq, as the Master of Ceremonies for the upcoming Container Terminal Automation Conference.

Kosmala brings many years of extensive experience in the port, services and technology sectors, and presently works in Singapore with Quintiq, a software and development company specializing in the development and provision of advanced mathematical optimization software.

Having moderated several sessions at last year’s conference , Kosmala proved to be a highly popular and dynamic host and will moderate many sessions at the upcoming conference including, but not limited to, The Future of AI, the […]

Union Budget 2018: AI and robotics need more funds and policy framework, say home-grown pioneers

Union Budget 2018: AI and robotics need more funds and policy framework, say home-grown pioneers

How artificial intelligence is transforming the stock market The business impact of Artifical Intelligence (AI) and robotics is rising by the day, and these frontier techs are fast reshaping industries and providing better and faster services. Industries depend on AI to mine data accumulated for years, helping unravel disruptive technological breakthroughs. IB Times caught up with home-grown robotics and AI luminaries to find out how Budget 2018 can help boost this sector.

Several recent reports said India and Japan will work together to introduce AI and robotics in the defence sector. This would equip India’s armed forces with a host […]

The High-Tech Poorhouse

The High-Tech Poorhouse

A man on the street in Newark, NJ. Tony Fischer / Flickr We live in what legal scholar Frank Pasquale has called a “scored society.” Corporations and governments collect unprecedented amounts of data about us — our habits, our histories, our beliefs, our desires, our social networks. Machine learning algorithms parse that data to assess our worthiness for public benefits, for jobs, for loans, for insurance, and for suspicion in the criminal justice system.

The rich are not exempt from this reality, but it’s the poor and working class who are most endangered by it. Predictive policing algorithms launder racial […]

Becoming more human

Becoming more human

I learned about a new website recently. The site willrobotstakemyjob.com determined, well, how likely it is that a robot will take your job. It picked up a lot of attention, and lots of people typed their career into the search engine to see if they were about to be replaced. Cashiers have a 97 percent chance of being replaced; pastors, on the other hand, have a 0 percent chance. Despite the fact that Christianity won’t be replaced by Robotology any time soon, I’m still concerned about the changes technology is causing in the employment landscape of the U.S. Where […]

Point of No Return — Automation is a good-news, bad-news deal

Point of No Return — Automation is a good-news, bad-news deal

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Point of No Return

ViewPoint The “infinite monkey theorem” suggests that a monkey randomly striking keys on a typewriter keyboard for an infinite amount of time will, at some point, produce a given text — such as the complete works of William Shakespeare or a cover-to-cover redux of “War and Peace.” I’m familiar with this theorem, at least partially, because it keeps me aware that I can be easily replaced at any given time by a caffeine-fueled, talented monkey. Or a talent-less monkey. Or, really, a house plant.None of us particularly like the feeling […]

The impact of job automation in South Africa

The impact of job automation in South Africa

Brick-laying robot. A new report shows that most jobs in South Africa can be automated. Over one third of jobs in South Africa can be automated thanks to digital technologies on jobs and economies, a new report released by research firm Accenture that highlights the impact of job automation in South Africa has shown.

The report dubbed, Reworking the Revolution: Are you ready to compete as intelligent technology meets human ingenuity to create the future workforce? shows that investing in digital technologies can help the country experience a major economic growth.

“By investing in intelligent technologies and human-machine collaboration, […]

S. Africa Says Automation May Swipe 35% of Jobs

S. Africa Says Automation May Swipe 35% of Jobs

The research indicates that one in three jobs in South Africa (5.7 million jobs) is currently at risk of total automation. T he impact of digital technologies on jobs and economies is an important topic for South Africa as new local research indicates that more than a third of jobs in this country may be automated.

An Accenture report, “Reworking the Revolution: Are you ready to compete as intelligent technology meets human ingenuity to create the future workforce?”, indicates that by investing in intelligent technologies and human-machine collaboration, businesses could boost revenues by 38% by 2022 and raise employment levels […]

How Will AI Change Work? Here Are 5 Schools of Thought

How Will AI Change Work? Here Are 5 Schools of Thought

Yaroslav Kushta/Getty Images The future of the workforce is one of the biggest issues facing CEOs today. It’s abundantly clear to all that artificial intelligence, big data analytics, and advanced robotics make it possible for machines to take on tasks that once required a person to do them. How should companies prepare, strategically, to thrive in this world?

Views on what to expect vary dramatically. By some accounts, almost half of all jobs in the U.S. economy could be made obsolete. Others have described how intelligent machines will actually create jobs — including entirely new categories of jobs. Some people […]

‘Reskilling’ Top Of Mind At World Economic Forum In Davos

Two massive macroeconomic trends are colliding at this snowbound congregation of the world’s economic leaders: the insistence on providing a fair work environment for women and minorities, as well as the adverse impacts automation and artificial intelligence (AI) have on the global workforce.

Setting the tone: last November’s The Global Gender Gap Report 2017 from the World Economic Forum (WEF), which sounded the alarm over results that progress toward parity between men and women in technical roles had dropped since the report from the previous year. “In 2017, we should not be seeing progress towards gender parity shift into reverse,” […]