Tag: Services

Investing in robotics and automation: Why bother?

Investing in robotics and automation: Why bother?

In the second of our new series of articles about investing in robotics and automation, Brian Gahsman, managing partner and chief investment officer at GBSfunds.com , explains why his company, Gahsman Branton, is interested in investing in the robotics and automation market

Organovo (ONVO)PTC Inc. (PTC)Keyence (6861 JP)04080120160

Source: Gahsman Branton Check out realtime stock prices for companies in the robotics, automation and relating computing sectors Robotics and Automation News: What is it about investing in the robotics and automation sector you find attractive? Brian Gahsman: Years ago, one of my main focuses of investment was […]

In the future, everyone will be self-employed – but society is failing to adapt

In the future, everyone will be self-employed – but society is failing to adapt

The rise of Uber is just the first step in an economy dictated by self-employment The question is an old one, but it has a new twist. The question is this: how do you prepare for the jobs of tomorrow when you don’t know what those jobs will be? And the twist? It is that most of the new jobs in the past have been jobs created by employers, while many (maybe most) of the jobs of the future will be in self-employment.

Forrester Research has estimated that 6 per cent of the jobs in the US will be eliminated […]

Disappearing factory jobs driving Iowa voter angst

Disappearing factory jobs driving Iowa voter angst

Small business owners and former employees say they continue to struggle to get by after hundreds of manufacturing jobs left Mason City, but city officials insist the jobs are there. Buy Photo MASON CITY, Ia. — It used to be hard to find a seat at the Kozy Korner.

In the 1970s and ’80s, the bar opened its doors at 6 a.m. to serve overnight workers as they finished their shifts in factories on the city’s north end. On Thursdays and Fridays, the Kozy kept piles of money on hand to cash workers’ paychecks. People lined up to play pool, […]

Does automation destroy jobs? It doesn’t.

The trouble with this argument is that it poses a question – Will automation affect employment in the future ? & attempts to answer it purely by looking at historical data – but that is entirely missing the point.

The central question to answer (& in all my time spent with Futurology – I’ve never even once heard anyone come up with an answer) is – in a future where AI & Robots can do most jobs, how can humans compete with then in an economy that has free market capitalism as its guiding economic principle.

In the past displaced workers […]

Why the Job Market will Continue to Stink

“A few people here, a few people there. But it all adds up.”

By James Murray:

Anyone who pays any attention knows that something unusual is happening to employment. Good full time jobs are disappearing, being replaced by lower paying and part time jobs. Experts and especially politicians have explanations and excuses: Offshoring to lower labor countries, excessive rules and regulations, illegal aliens, lack of education in the workforce…. The list goes on and on.What I rarely hear: automation. When most people hear “automation,” they think “robots.” Most robots are dedicated and expensive and don’t replace that many […]

Automation: It’s All About the Workflow

10 Surprising Ways Automation Can Simplify IT

The enterprise is quickly heading into the era of workflow automation with dreams of placing all the mundane, routine tasks of running a business in the hands of intelligent software while humans get to do the fun, creative stuff.

While the effects of this on employment are hotly debated, the fact remains that the technology is quickly coming of age and the enterprise needs to prepare for it or risk losing out to automated rivals.According to Marlon Miller, director of workflow automation at Xerox Corp., the first challenge is to determine the kind […]

Robots versus immigrants: which group would “steal” the most British jobs?

Robots versus immigrants: which group would “steal” the most British jobs?

Angry robots surrounded by EU stars By 2035, you’ll be lucky to have a job. According to the Bank of England’s chief economist , nearly half of all British workers will be replaced in the next two decades. But by who?

If you base all of your worldly judgements on the rants of your drunk uncle Nigel and the fact you can now get pierogi in Tesco, then the answer is easy: immigrants.

If you pay closer attention to global trends (and the self-checkout machine you use to buy your pierogi in Tesco), then the answer is very different: robots.As far […]

Automation will end the dream of rapid economic growth for poorer countries

Automation will end the dream of rapid economic growth for poorer countries

Humanoid robots working side by side with employees on an assembly line at a factory. Photograph: Issei Kato/REUTERS For a long time – at least since the economic emergence of South Korea in the 1960s – many low-income countries have been able to achieve rapid economic growth through industrialisation.

The process usually starts with low-end manufacturing (apparel, footwear, plastics) and entails large numbers of workers moving from low productivity smallholder agriculture to high productivity export manufacturing.

Industrialisation has helped to drive an unprecedented convergence between rich and poor country wealth levels. By the early 2000s, 83 developing countries were achieving growth […]

India Witnesses Major Job Cuts Despite Having Fastest Growing Economy

India Witnesses Major Job Cuts Despite Having Fastest Growing Economy

Indian flag #WorkersStrikeBack: 180 Million Indian Workers Strike for Higher Minimum Wage (PHOTO) New Delhi — Despite claiming to be one of the fastest growing nations in the world, every day 389 people are losing their jobs in India. According to a study conducted by ASSOCHAM-Thought Arbitrage, around 70,000 workers were let go in the second quarter of 2015.

Livelihood opportunities in export units particularly shrank during this period. While the slowdown in global demand compelled some employers to conduct layoffs, the reduction was facilitated by the increasing contextualization of jobs as well as automation in some sectors.

“….There is a […]

10,000 Jobs Will Be Replaced By Raymond With Robots In Next 3 Years

10,000 Jobs Will Be Replaced By Raymond With Robots In Next 3 Years

This is an excellent example to illustrate how Automation has jobs in an industry. Raymond has announced that 10,000 jobs in the company will be replaced by robots.

Raymond CEO Sanjay Behl, describing the move, pointed out that the company employs over 30,000 staff in their 16 manufacturing plants in the country. He further added, “Roughly 2,000 work in each plant. Through technological intervention, we are looking to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around 100 workers. While it is happening in China at present, it will also happen […]