Tag: Services

Billionaire entrepreneur says ‘basic income’ will be necessary

Billionaire entrepreneur says ‘basic income’ will be necessary

South African-born billionaire entrepreneur Elon Musk says universal basic income will be necessary as robots continue to steal jobs world-wide.

While speaking at the World Government Summit in Dubai this week, Mr Musk said there will be fewer and fewer jobs that a robot cannot do better.

He also noted that humans might struggle to emotionally cope with the influx of job-stealing robots.The universal basic income, which the billionaire is pushing for, would cover expenses such as good and living costs.Mr Musk is sceptical about the inclusion of the UBI though, saying that he’s concerned about people’s sense of […]

AI: Boon to business, bane to low-skilled workers

AI: Boon to business, bane to low-skilled workers

VIDEO CONFERENCE ON TECH VISION. JP Palpallatoc, Accenture PH digital lead, discusses his company’s technology vision for 2017 in a video conference with Cebu’s business reporters held at Accenture’s office in I.T. Park, Barangay Apas, Cebu City. (CDN PHOTO/JUNJIE MENDOZA) As artificial intelligence (AI) moves to the forefront of business operations in the Philippines, the workforce needs to learn more complex skills to cushion the risk of losing jobs to automation.

JP Palpallatoc, Accenture Philippines digital lead, said that with the rise of AI comes the risk of employment reduction, especially among those with lower-level skills.

“We need to move those […]

Seyfarth Shaw Will Start Using Robots For Repetitive Tasks

Seyfarth Shaw Will Start Using Robots For Repetitive Tasks

Image Courtesy of Community Insight Bank The world is changing at a fast pace. With technology at our finger tips, we are able to do just about anything these days. Society is using more and more automation in every day tasks, and we are relying on computers to handle those things we simply no longer have time for.

Seyfarth Shaw LLP, a pioneer in the legal industry for utilizing business process improvement technology, made the decision last week to license robot technology from Blue Prism. The software owned by Blue Prism can automate processes that will enable an individual to […]

Recruitment In Infosys falls to a Record Low Since Its Inception 33 Years Ago

Recruitment In Infosys falls to a Record Low Since Its Inception 33 Years Ago

recruitment in infosys The fiscal year 2016-17 has been the least optimistic in terms of employment in the IT industry, and the sector has all of the Automation to blame for its rapidly changing landscape. The company made public earlier today that it has recorded for the first time in its 33 years of existence, negative growth in employee hiring. The company said that it had recruited just about 6,000 people so far this fiscal year, as compared to anywhere between 20,000 to 25,000 during the past several years.

Infosys CEO Vishal Sikka, earlier this year , had already talked […]

New exhibition addresses the blurring of the lines between humanity and the digital world

New exhibition addresses the blurring of the lines between humanity and the digital world

As computers get creative, a new exhibition addresses the blurring of the lines between humanity and the digital world, writes Jonathan deBurca Butler. Last year, Google hosted a charity auction in San Francisco. Up for grabs were 29 works of art. The prices commanded were unexceptional, the most expensive piece sold for just $8,000. In normal circumstances the event may well have got lost in the mists of time. Only, there was something altogether unusual about the work on show. It was all created by computers.

The paintings, described as looking like a computer’s dreams, were created through a process […]

Elon Musk explains the pros & cons of Universal Basic Income

Elon Musk explains the pros & cons of Universal Basic Income

Elon Musk at the World Government Summit 2017 in Dubai. Image: Business Insider. On Monday 13, Elon Musk said implementing universal basic income (UBI) would be necessary sooner than later at the World Government Summit .

The Tesla executive believes automation will bring about a significant employment gap. As a result, countries will have to compensate those left without jobs with an economic support system that fulfills all basic needs.

Universal basic income is a solution to an issue foreseen since the industrial revolution, but nowadays more and more workers are seeing themselves displaced by machines capable of doing their […]

The Seven Commandments for Surviving the Smart Machine Age

The Seven Commandments for Surviving the Smart Machine Age

For decades, people have been grumbling over manufacturing jobs moving overseas. Indeed, keeping jobs in the U.S. was a theme during the recent election. And yet, regardless of any political hay that may or may not be made, we’re in deeper trouble than we may realize. The impending age of automation will cause tremendous job loss nationwide over the next fifteen years—much more than we’ve witnessed to date. Research from the University of Oxford states there is a high probability that 47 percent of jobs in the U.S. will be automated over that time. That’s over 70 million jobs […]

Time to adapt to an automated future

Time to adapt to an automated future

CAI MENG/CHINA DAILY The tsunami of technological innovation will continue to change profoundly how we live and work, and how our societies operate. In what is now called the Fourth Industrial Revolution, technologies that are coming of age－such as robotics, nanotechnology, virtual reality, 3D printing, the Internet of Things, artificial intelligence and advanced biology－will converge. And as these technologies continue to be developed and widely adopted, they will bring about radical shifts in all disciplines, industries and economies－in the way that individuals, companies and societies produce, distribute, consume and dispose of goods and services.

These developments have given rise to […]

42% Of Canadian Jobs At High Risk Of Being Affected By Automation, New Study Suggests

42% Of Canadian Jobs At High Risk Of Being Affected By Automation, New Study Suggests

Jobs at risk from automation More than 40 per cent of the Canadian workforce is at high risk of being replaced by technology and computers in the next two decades, according to a new report out Wednesday. The Brookfield Institute for Innovation + Entrepreneurship at Toronto’s Ryerson University said in its report that automation previously has been restricted to routine, manual tasks. However, breakthroughs in artificial intelligence and advanced robotics now means that automation is moving into “cognitive, non-routine tasks and occupations, such as driving and conducting job interviews.” ​Labour force is operating at two speeds

The report […]

Janet Street-Porter: What happens when robots take over nurses’ jobs

Images of trolleys laden with suffering people in corridors, old people hooked up to drips on beds in cupboards — not pictures emerging from Syria, but the latest crisis to hit the NHS.

Waiting times in A&E are unacceptable, with hospitals operating at full capacity; dozens of beds are occupied by people who have nowhere else to go.

When even the Health Secretary — the normally unflappable Mr Positive, Jeremy Hunt — admits things are problematic, it’s probably not the best time to publish a report claiming that robots could take over nurses’ jobs.According to experts at the independent think tank […]