Tag: Services

How Technology Can Defuse the Demographic Time Bomb

How Technology Can Defuse the Demographic Time Bomb

As people live longer and working age populations face hardship, technology could help ease the growing dependency burden. Society is currently faced with two converging phenomena. On the one hand, rapidly aging populations are supported by a shrinking working age population. On the other, those in work are increasingly being replaced by machines as result of the technological revolution. Yet these subjects are rarely discussed together, which is surprising given that technology has important implications for work and employment and the problem of old-age dependency is, as a matter of fact, a problem of work and production. As a […]

Automation nation: The robots are coming

Automation nation: The robots are coming

Andrew Wade, senior reporter

In a week where the Tories made ludicrous proposals for foreign workers that echoed the 1930s, I had the pleasure of attending a couple of conferences where people actually spoke intelligently.

Among the speakers at the FT’s Future of Manufacturing Summit on Tuesday was Rodney Brooks, founder and CTO of Rethink Robotics. The company’s Baxter and Sawyer robots are at the forefront of a new wave of industrial automation, where machine learning and artificial intelligence are embedded, and new tasks can be taught without the need for complex programming. Rodney Brooks (Credit: Rethink Robotics) […]

The Biggest Worry We Have About Our Jobs Is Not Immigration, It’s Irrelevance

The Biggest Worry We Have About Our Jobs Is Not Immigration, It's Irrelevance

The biggest worry Americans have about their jobs isn’t immigration; it’s irrelevance.

In a new Pew Research report , 80 percent of survey respondents said outsourcing hurts American workers, and 54 percent said continual training will be "essential" to advancing their careers, including more than 60 percent of the youngest workers.

"It’s a positive story on the impact of skills and up-skilling on the American workforce," said Georgetown University Center on Education and the Workforce chief economist, Nicole Smith. The report found that employment growth is most rapid in high-skill jobs and in ones where continued training is imperative, in fields […]

The Missing Political Debate Over the Digital Economy

The Missing Political Debate Over the Digital Economy

This U.S. presidential election season is leading us to rethink a lot of norms. But while it feels like a lot of our political conventional wisdom is getting turned on its head, one thing that hasn’t appeared to move forward is how we talk about the economy. We’re focused on jobs, but we’re skipping a necessary discussion of how the digital economy is shaping those jobs. The content of the campaigns still seems largely rooted in the 20th century while much of our work is rushing to meet the demands of the 21st.

The candidates are talking about cybersecurity (indeed […]

Will new technologies destroy jobs?

Will new technologies destroy jobs?

At TM Forum Live! Asia (December 7-8, Singapore), Andrew Milroy, SVP ICT Asia Pacific, Frost & Sullivan, will take part in a panel on the future of digital services and the Internet of Everything across APAC . Here, he looks at the impact of automation on employment.

There has been much discussion recently around the impact of automation on employment, particularly the use of robotics. Advances in machine learning, the Internet of Things (IoT), data analytics and artificial intelligence (AI) are steadily eliminating routine and repetitive types of jobs. Some studies state that half of manufacturing jobs will be […]

The Automation Revolution

The Automation Revolution

Automation is increasingly being questioned as anti-job with chatbots, robots etc., usurping human employment across sectors. Or it might well trigger the rise of ‘knowledge’ workers. The new industrial revolution is on the anvil. The Machine Age

The way relationship between man and machine is evolving today has never happened historically. The robots from the science fiction movies are turning reality. Imminent is the fact that robots will impact millions of jobs in multiple sectors particularly the blue-collar ones. Instances like Taiwan-based contract manufacturing giant Foxconn Technology Group replacing around 60,000 factory workers with robots in May this year […]

Are trade agreements good for the U.S. economy?

Are trade agreements good for the U.S. economy?

The Congressional Budget Office isn’t exactly offering a ringing endorsement of trade agreements like NAFTA.

Such pacts have “had relatively small positive effects” on American trade and its economy, according to a report from the federal agency, which analyzes economic and budget issues on behalf of lawmakers. The downside? Workers in industries facing tougher competition can end up out of work, sometimes permanently, CBO notes.

Trade agreements have become a lightning rod in the presidential election, with Republican candidate Donald Trump declaring that the 1994 North America Free Trade Agreement “has destroyed our country,” and suggesting that if elected he would […]

A burger-flipping robot? How automation threatens to disrupt the workforce

A burger-flipping robot? How automation threatens to disrupt the workforce

In this Monday, Aug. 29, 2016 photo, a robot places a pizza into an oven at Zume Pizza in Mountain View, Calif. The startup, which began delivery in April, is using intelligent machines to grab a slice of the multi-billion-dollar pizza delivery market. Robots are capable of taking over countless tasks that human workers are paid to perform, and these meddlesome machines are not just out for low-paying jobs — they can replace many of the duties of six-figure income earners.

These revelations are contained in research compiled at San Francisco’s McKinsey Global Institute, which studies emerging economic trends. Its […]

What to study to prevent robots stealing your job

What to study to prevent robots stealing your job

Up to one-third of our jobs are at risk of computerisation over the next 20 years

Some 44 per cent of companies that reduced their number of employees since the global financial crash in 2008 did so by means of automation. Photograph: Getty Images Beware of the robots – they are on the rise and could be after your job. It might sounds like something from an outlandish sci-fi movie, but the figures are all too real.

A report by McKinsey Global Institute shows that 44 per cent of companies that reduced their number of employees since the global […]

Why we must embrace digital disruption and ensure no worker is left behind

Why we must embrace digital disruption and ensure no worker is left behind

An industrial robot holds a sports car at the International Manufacturing Technology Show in Chicago. The jobs of the future are likely to be in areas where machine thinking and robotics imitate human thought. Photograph: Xinhua / Barcroft Images Disruption in the workforce is hardly a new phenomenon. Mechanisation of manufacturing, mass production and the advent of the internet and computers have all changed the way that work is done.

Earlier waves of industrialisation have primarily affected low-skilled manual labour and past improvements in technology have typically made jobs at the lower end of the skills spectrum obsolete – for […]