Tag: Services

IT boom going bust now, says space scientist G Madhavan Nair

IT boom going bust now, says space scientist G Madhavan Nair

He opined that big ‘desi’ companies should focus on Indian scenario and tap the "phenomenal" domestic market which is bigger than European or American one. HYDERABAD: Eminent space scientist G Madhavan Nair said today the IT boom is going bust with increasing automation leading to shrinking employment opportunities for freshers even as he favoured Indian companies focussing on creation of high end jobs and the domestic market.

The former Indian Space Research Organisation chairman said he had mentioned a couple of years ago that the so-called IT boom would go bust and "that is the phenomena we are now seeing".

"The […]

IT boom weaning off now, says former ISRO chairman G Madhavan Nair

IT boom weaning off now, says former ISRO chairman G Madhavan Nair

“Everybody is satisfied with doing some ordinary things and unless we challenge ourselves, we will be left out,” said G Madhavan Nair. Eminent space scientist G Madhavan Nair said today the IT boom is going bust with increasing automation leading to shrinking employment opportunities for freshers even as he favoured Indian companies focussing on creation of high end jobs and the domestic market. The former Indian Space Research Organisation chairman said he had mentioned a couple of years ago that the so-called IT boom would go bust and “that is the phenomena we are now seeing”.

“The recruitment for freshers […]

Automation and Jobs for People

Automation and Jobs for People
Since the introduction of the first machines for weaving cloth and other automated processes during the Industrial Revolution, manufacturers have relied more on machines and less on humans for labor. Automation increased during the latter half of the 20th century, as computers were combined with machines to produce highly sophisticated robotic systems and other automated processes. Improvements in communication and information technology moved automation from strictly manufacturing processes to processes that involved more intellectual work. The result has been increased productivity and lower human resource costs for manufacturers and the elimination of some categories […]

Outsourced to robots

Outsourced to robots

The SoftBank humanoid robot known as Pepper, dressed as a waiter, gestures during a conference in Tokyo. (Reuters photo) Digital technology is making it far easier to get things done in everyday life, from banking to ordering food, buying clothes, books and music. A few taps on a smartphone and your transaction is complete.

Communication in general has been revolutionised by access to cheap and reliable broadband service. Not that long ago, if you wanted to talk to a friend or family member in another country, it would cost you a dollar a minute or more. Today you can simply […]

Making disruption work for humans

Making disruption work for humans

Split, shatter, break apart. That is the original Latin meaning of the word disruption. Even today, the word provokes fear.

When my colleagues and I conceptualised this series, Fast Forward: Disruption and the Singapore Economy, of which you are now reading the final instalment, we considered technology-driven job loss to be a big threat. Just before this series was launched, Transport Minister Khaw Boon Wan spoke of a time, perhaps just 15 years away, when private cars would go the way of horse carriages as driverless vehicles become the norm; and with that change, the prospect that thousands of transport […]

The Transformation of the Workplace Through Robotics, Artificial Intelligence, and Automation: Employment and Labor Law Issues, Solutions, and the Legislative and Regulatory Response

The Transformation of the Workplace Through Robotics, Artificial Intelligence, and Automation: Employment and Labor Law Issues, Solutions, and the Legislative and Regulatory Response

The twin forces of technology and globalization are reinventing and redefining the workplace and the way work is performed. The workplace automation of the last century is rapidly being augmented and replaced by intelligent self-learning systems driven by cloud computing, breakthroughs in sensor technology, and creation of new algorithms that harness the power of “Big Data.” Technologies are emerging that enhance human capabilities and allow workers to provide a wider range of services remotely and with greater efficiency. This new workplace is constantly changing, increasingly uninhibited by geographical boundaries and inspired by the arrival of robots and new technologies […]

A turning point in labour history

A turning point in labour history

The latest wave of automation heralds new transformations for society, but how can we ensure that nobody is left stranded? "The so-called sharing economy and the new wave of automation are appearing to rewrite the old rules." Cab drivers protest against Uber in Lisbon, 2016. Flickr/Stròlic Furlàn – Davide Gabino Follow. Some rights reserved. Several profound transformations are taking place in the world of labour at the same time. Aspects of a so-called sharing economy and the new wave of automation are appearing to rewrite old rules. The long-term consequences of this turning point depend on the policies adopted […]

Whatever Happened to Jobs? Automation, immigration, and joblessness

Keywords: jobs, immigration, automation, unemployment

President Obama, the Senate, and House Democrats wish to “fix” our “broken immigration system” by doubling legal immigration. Not content with that, and casting aside the rule of law, they wish to reward 11 to 20 million illegal aliens with legal status and, moreover, provide these miscreants with a “pathway to citizenship”—our most precious possession. A good idea?

Between 1916 and 1965—fifty years—immigration averaged just 218,000 per year. Since then the annual take has risen gradually to over a million per year, a growth unabated during the Great Recession and indolent recovery. Some blame our sluggish […]

Automation Axing IT Jobs Is Worrying Sign

Automation Axing IT Jobs Is Worrying Sign

The increasing adoption of automation among enterprises is posing a serious threat to the jobs. According to Nasscom, the IT industry is expected to recruit 20 percent less this year and his fall is primarily due to automation. Industry experts have voiced concerns over the probable job loss due to automated technologies demanding holistic approach in recruitment policies of enterprises.

TV Mohandas Pai, the former Infosys HR head, has predicted that automation will displace 10 percent of incremental jobs. “I think in the IT sector, may be 10 percent minimum of incremental jobs that are created will disappear. That means […]

Are you ready for the jobs of the future?

Are you ready for the jobs of the future?

The flow of reports about the impact of automation, mostly dire , continues. The latest is from StartupAUS , Australia’s national startup advocacy group.

This report follows the now familiar line captured in the phrase “exponential technologies”: exponential improvements in computer power and advances in technology such as artificial intelligence, robotics, big data, cloud computing and the internet of things will have a profound impact on future employment, with almost 5 million current jobs (that is 40% of the workforce) in Australia becoming obsolete by 2030.

This follows in the footsteps of a detailed CEDA report in 2015, which conducted the […]