Tag: Services

Half of work activities could be automated by 2055

Half of work activities could be automated by 2055

Credit: Thinkstock Fears that accelerating automation is going to eat its lion’s share of jobs continue to plague corporate sectors. However, new research from McKinsey Global Institute may talk folks afflicted with automation phobias down from the ledge.

The research group says that although half of today’s work activities could be automated, it may not happen until 2055. Or 2035. Or even 2075. Where the statistic falls along the S curve depends on various factors, such as breakthroughs in artificial intelligence and economic conditions, says Michael Chui, a McKinsey Global Institute partner and an author of the report . Chuiand […]

Automation for the People: The Public, Technology and Jobs

Automation for the People: The Public, Technology and Jobs

A 2012 research brief by Erik Brynjolfsson and Andrew McAfee at MIT renewed an old debate over the effect of new technologies on employment levels. They argued that, counter to the prevailing belief that new technologies and automation simply shift jobs into new sectors after a period of disruption, instead rapid improvements in technology over the past decades have left some workers completely behind, a trend that will continue to accelerate as computers capabilities expand. But what does the public think? Do Americans see technological threats to employment, and have their views changed since the days when robots first […]

Obama Warns Automation Is a Danger to U.S. Jobs

Obama Warns Automation Is a Danger to U.S. Jobs

leminuit/istock.com In his final interview before leaving office, released Thursday by Pod Save America, President Barack Obama warned that automation is the bigger threat than global trade in taking away jobs in the United States.

“The fact is, and the data just shows this, the jobs that are going away are primarily going away because of automation and that’s going to accelerate,” Obama said. Uber Technology Inc.’s driverless car programs and the “equivalent displacement that’s going to take place in office buildings around the country is going to be scary for folks,” he added.

Uber is currently running pilot programs for […]

Automation replaced 17,000 people’s jobs at one of the world’s largest professional services and tech firms Accenture over the last 18 months, but no one actually lost their job – “We are fortunate enough to reskill and reposition them.”

both can be expected to happen simultaneously and in equal proportions. > This likely explains why over the last 200 years of increasing automation, we have never had rapid bursts of automation associated with an unemployment crisis. Depends on who you consider being employed. Horses surely have less work to do now than they did before the industrial revolution. Similarly, humans will have less work to do if everything a human can do could be done by something else. In order for humans to compete with it, we’ll have to modify yourselves to stay competitive.

The question becomes what is […]

For white-collar staff, AI threatens new workplace revolution

For white-collar staff, AI threatens new workplace revolution

If your job involves inputting reams of data for a company, you might want to think about retraining in a more specialised field. Or as a plumber.

After industrial robots and international trade put paid to many manufacturing jobs in the West, millions of white-collar workers could now be under threat from new technology such as artificial intelligence (AI).

The issue of how best to face up to this "Fourth Industrial Revolution" has been exercising politicians and business leaders this week at the World Economic Forum in the Swiss Alpine town of Davos.The progress of artificial intelligence has been "staggering" in […]

For white-collar staff, Artificial Intelligence threatens new workplace revolution

For white-collar staff, Artificial Intelligence threatens new workplace revolution

a man works amid orange robot arms.(Photo |AP) DAVOS: If your job involves inputting reams of data for a company, you might want to think about retraining in a more specialised field. Or as a plumber.

After industrial robots and international trade put paid to many manufacturing jobs in the West, millions of white-collar workers could now be under threat from new technology such as artificial intelligence (AI).

The issue of how best to face up to this "Fourth Industrial Revolution" has been exercising politicians and business leaders this week at the World Economic Forum in the Swiss Alpine town of […]

Boss of the world’s largest recruiter: ‘One-off education followed by a career will no longer work’

Boss of the world's largest recruiter: 'One-off education followed by a career will no longer work'

Alain Dehaze, CEO of Adecco at Davos this year. Adecco DAVOS, SWITZERLAND — The world is going through a seismic shift in the make-up of its workforce and the boss of the world’s largest staffing firm told Business Insider that the only way to stay employed is to constantly learn.

The World Economic Forum’s benchmark "Global Risks" report for 2017 says the biggest risk to doing business globally is unemployment or underemployment due to the greater adoption of robots, automation, and artificial intelligence.

However, Adecco CEO Alain Dehaze told BI that companies now need to look beyond displacement and how […]

Workplace automation: Separating fiction from fact

Workplace automation: Separating fiction from fact

By James Manyika, McKinsey & Company Director

The idea that robots could replace humans in the workplace dates back to science fiction writers a century ago, and it has been a recurring theme in political life for almost as long. Back in 1964, US President Lyndon B. Johnson created a national commission to examine the impact of automation on the economy and employment. Automation should be viewed as an ally, not an enemy, he said at the time. “If we understand it, if we plan for it, if we apply it well, automation will not be a job destroyer or […]

How Much Will AI Decrease The Need For Human Labor?

How Much Will AI Decrease The Need For Human Labor?

(Image: Creative Commons) Do you think AI will decrease human labor? originally appeared on Quora : the knowledge sharing network where compelling questions are answered by people with unique insights .

20M-40M jobs are in peril in the US from developments in AI and other technology — 15 to 30% of the US labor force. So if foreseeable technologies materialize, then then the need for human labor could decrease.

Technology always puts existing jobs under strain. This doesn’t immediately mean that human labor as a whole is under threat. Generally, other professions grow to fill the loss, often creating more jobs […]

Young people must be protected from automation

Young people must be protected from automation

Cross-posted from The Conversation :

As technology advances and changes our economy, young jobseekers will bear the brunt of changes in the labour market. With the increasing automation of jobs traditionally occupied by young workers and professionals, a whole generation could face a dystopian future if policymakers fail to act.

A report by the Committee for Economic Development of Australia argues that a new wave of automation is allowing machines to “replicate aspects of human thought” . Classical economists as far back as Adam Smith argued that technological advancements and economic change go hand in hand , but the latest […]