Tag: Services

How automation affect employment in manufacturing?

How automation affect employment in manufacturing?

Automation technology in manufacturing has varied effects on employment. Several studies indicate that automation technology increases total employment and employment at all skill levels in manufacturing firms, suggesting that the productivity effect outweighs the displacement effect . Additionally, automation can lead to the skill upgrading of employment composition, with a higher proportion of high-skilled labor and a decrease in low-skilled labor . Furthermore, automation can have a positive impact on employment in the service sector, offsetting the reduction in manufacturing employment . Studies also show that automation in manufacturing leads to higher profits, lower consumer prices, and higher sales, […]

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits

Alexander Hamilton, one of the founding fathers of the US, wrote a wealth of reports that served as building blocks for the country’s economic system. In 1791, during his time as secretary of the Treasury, Hamilton published one of his most important: the Report on the Subject of Manufactures .

It argued that the US needed to develop its manufacturing sector through the use of industrial and trade policy to grow its economy, bolster its military, increase its productivity, and catch up with the industrial and technological powerhouse of the time, Great Britain.

Hamilton died in 1804. But US policymakers, led […]

From Passport Processing To Registering To Vote, AI Could Take Over 84% Government Jobs, Says Study

From Passport Processing To Registering To Vote, AI Could Take Over 84% Government Jobs, Says Study

The study on AI was focussed on the UK government’s work. Artificial Intelligence (AI) could take over 84 per cent of repetitive government services, a new study has said. Researchers from The Alan Turing Institute focussed on 201 services in the UK that involve a decision and an exchange of information between government and a citizen and found that these can be automated to save time. Some examples are processing passports and registering to vote, which have the potential to be automated. Every minute AI helped cut per transaction would save hundreds of thousands of hours of manual work […]

Cobot Palletizers Brew Big Benefits for Coffee Company

Cobot Palletizers Brew Big Benefits for Coffee Company

The Robotiq Palletizing Solution with the UR10e cobot handles 1,500 boxes per day in a two-shift operation In 1897, Steve Papanicholas immigrated from Greece to Chicago, where he founded Overland Coffee Co., now Napco Brands, a family-owned coffee company that uses the same robust sourcing, roasting, and blending practices developed by Papanicholas at the turn of the century. Since its founding, the company has expanded from roasting and packaging a single in-house brand to producing four distinct coffee brands: Papanicholas, Day to Day, Versanto, and Basic Joe. It also offers a growing line of private-label coffees.

“At Napco, we have […]

How Automation is Shaping the Workforce of Tomorrow

How Automation is Shaping the Workforce of Tomorrow

Nowadays, technology is changing at lightning speed, and automation is leading the charge. This trend is reshaping how we work and live, making tasks easier, and transforming industries. Automation, simply put, is when machines do tasks instead of people. It’s not just about robots assembling cars. It’s also about software scheduling appointments or AI helping make business decisions. This shift towards automation is creating a new future for our workforce. It promises to make work more efficient and open up new possibilities for innovation.

However, the move towards automation is also about how we, as a society, adapt to these […]

Impacts of the advancement of automation in business.

Research Story: What will be the impacts, either positive or negative, of the advancement of automation on this particular business? How will this change your experience as an owner, employee, or customer? The Introduction Digital technologies adoption has immensely transformed the way businesses are done in the society today. The automation of various operations has led to changes in the business structures and strategies. It is due to this that the effects of these technological advancements in the business sector have been felt across from the owners, workers and customers. Positive Impacts Efficiency: Modern technologies has helped streamline many […]

Ethical Considerations in Robotics and AI: Navigating the Moral Dilemmas of Automation

Ethical Considerations in Robotics and AI: Navigating the Moral Dilemmas of Automation

In a world where robots and artificial intelligence are becoming increasingly integrated into our daily lives, the ethical considerations surrounding their use have never been more important. From autonomous vehicles to chatbots, the decisions made by developers and programmers can have profound moral implications. Join us as we delve into the complex landscape of robotics and AI, exploring the challenges and dilemmas that arise when navigating the ever-evolving intersection of technology and ethics. Introduction to Robotics and AI

In recent years, robotics and artificial intelligence (AI) have significantly advanced, resulting in the widespread use of autonomous systems in various […]

List of Jobs Under AI Threat as Safaricom, Other Companies Embrace Technology

List of Jobs Under AI Threat as Safaricom, Other Companies Embrace Technology

Kenyan companies are increasingly leveraging artificial intelligence (AI) for automation, content creation, and image generation, sparking concerns about job security

Safaricom, led by CEO Peter Ndegwa, has embraced a virtual assistant aimed at enhancing personalised customer services

Jobs at risk from AI include data entry, telemarketing, bookkeeping, assembly line manufacturing, and basic customer service, as per Goldman Sachs’ report PAY ATTENTION: TUKO is in WhatsApp Channels now! Subscribe and read news in favourite messenger. Elijah Ntongai, a journalist at TUKO.co.ke, has more than three years of financial, business , and technology research expertise, providing insights […]

AI should improve our well-being, not just our productivity

AI should improve our well-being, not just our productivity

Design by Hailey Kim. In 1930, John Maynard Keynes, often called the “father of macroeconomics,” predicted that in the next century, people’s increased ability to meet their basic needs would lower the average work week to 15 hours. He could not have been more wrong. Although Americans today work relatively fewer hours than their parents did, they still work hundreds of hours more per day than adults in other developed countries.

The computer and internet boom of the 1990s was followed by increased consumer spending, not by people opting for more leisure. Efficiency improvements, which could have been used to […]

Blockchain Technology, robotics & automation transforming the energy industry

Blockchain Technology, robotics & automation transforming the energy industry

Blockchain technology has the potential to revolutionise the energy industry by enabling secure and transparent transactions, improving grid management, and enhancing renewable energy distribution.

The energy industry is currently undergoing a transition from a centralised model to a more decentralised one. Blockchain technology can help facilitate this transition by providing a decentralised ledger that records and verifies all energy transactions in real-time, shared across a network of computers. This technology can also automate energy transactions through smart contracts, making it easier to engage in a transactive energy system.

Blockchain can also help facilitate communication between distributed energy resources like solar panels, […]