Tag: Services

The People v. Tech: Forecasting the Future of Farming

The People v. Tech: Forecasting the Future of Farming

Weed control. – Photo: Cor Salverius Technology is invading every industry. Already, robots, the Internet of Things (IoT), and artificial intelligence (AI) are daily fixtures in hospitals. From robots to wearables, such as Fitbits and Apple Watches, the skepticism that once surrounded tech in healthcare has quickly transitioned into widespread acceptance. Companies like Meritive and Google Health continue to push the boundaries.

The same tech that has revolutionized healthcare is now transforming agriculture. But agritech doesn’t just make crops and animals grow. As more farmers embrace technology, concerns turn to what this means for who we hire, and how we […]

Eye-opening Statistics on Job Displacement Due to Automation (2023 Data)

Eye-opening Statistics on Job Displacement Due to Automation (2023 Data)

Automation has been a worry for years, as many traditional/manual patterned workers are seen losing their jobs to machined-based labor daily. It replaces human efforts with technology and results in job displacement. Although many workers have been displaced and more are still on the verge of being replaced, digital transformation is still the bomb. As per the estimates, by 2025, 85 million jobs will be lost to automation worldwide.

The global pandemic gave rise to many job displacements, as most businesses and shopping were transacted online. It’s been a struggle for recovery since the pandemic, and there’s little to no […]

Emerging Technology Trends in Warehousing: Charting the Course of Innovation

Emerging Technology Trends in Warehousing: Charting the Course of Innovation

Everyone from logistics upstarts to e-commerce giants are looking for agile and responsive warehousing solutions.

The warehousing and logistics industry is undergoing a significant shift. Ecommerce growth means warehouses face incredible pressure to innovate or get left behind. Consumer expectations around fast, convenient, and free delivery have never been higher. Vacancy rates may be seeing a slight uptick to 3.5% but are still well below the 10-year average of 5.0%. Responding to these challenges, warehouses are adopting technology and automation, and inventions once considered futuristic are now instrumental.

While the pandemic created extraordinary supply chain challenges that forced businesses to innovate […]

Hicks: Face facts, factory jobs aren’t coming back

Hicks: Face facts, factory jobs aren't coming back

Ball State University MUNCIE, Ind. – I give a number of public talks each year on changes to the state and local economy. One trick I use to help folks understand these changes is to ask a couple questions. This sets up a great discussion about issues ranging from educational attainment to quality of life to economic development and trade policy.

The first question is simple: “In what year did Indiana’s manufacturing economy produce the most ‘stuff’ as measured in inflation-adjusted dollars?” Economists call this Gross Domestic Product, and it is measured as the value-added production in our state. That […]

A Guide to Document Automation for Lawyers

A Guide to Document Automation for Lawyers

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Register “So much work, so little time.”It’s a constant refrain in law firms, and it’s no exaggeration. The demands on lawyers’ time are perpetually growing — meanwhile, the clock keeps ticking away.As law firms and legal professionals look for better ways to maximize their efforts, more and more are turning to technology for the solutions. Many of these future-thinking organizations are trading in time-consuming manual processes for efficient automations.And the results are pretty impressive.But […]

Will AI steal my job? Maybe — but here are some possible new opportunities

Will AI steal my job? Maybe — but here are some possible new opportunities

Employees at work with robots in an Amazon warehouse near Paris. Picture: Getty Images The conversation about AI and the workplace is understandably dominated by the downsides — after decades of automation eliminating manufacturing jobs, people in the service sector are worried about being replaced by “robots”.

But every technological shift creates as well as destroys jobs. Artificial intelligence — at least in its current iteration, which uses large language datasets to create text, audio and video — is no different. What is, perhaps, surprising is the type of jobs it will create.

What kind of jobs are being created right […]

Will AI steal my job? Maybe – but here are some possible new opportunities

Will AI steal my job? Maybe – but here are some possible new opportunities

Employees at work with robots in an Amazon warehouse near Paris. Photograph: Philippe Lopez/AFP/Getty Images The conversation about AI and the workplace is understandably dominated by the downsides – after decades of automation eliminating manufacturing jobs, people in the service sector are worried about being replaced by “robots”.

But every technological shift creates as well as destroys jobs. Artificial intelligence – at least in its current iteration, which uses large language datasets to create text, audio and video – is no different. What is, perhaps, surprising is the type of jobs it will create. What kind of jobs are being […]

AI and the future of work – a reality we are immersed in

AI and the future of work – a reality we are immersed in

During the pandemic (2019–22), a 50% increase in the number of occupational shifts took place, in particular people leaving food services, in-person sales and office support for other occupations.

Covid-19 had a major influence on the nature of work, such as the introducing of remote or hybrid models of work. It also contributed to the “Great Resignation” of 2021, when record numbers of employees voluntarily quit their jobs.

What is interesting is that accommodation, food services, in-person sales, office support, leisure and hospitality had the highest resignation rates, while retail trade and non-durable manufacturing experienced the greatest growth in employees who […]

What Jobs Will AI Replace? Not Those Requiring a Human Touch

What Jobs Will AI Replace? Not Those Requiring a Human Touch

Automation is efficient, but it can’t replicate the human touch.

Consumers prefer the unique qualities that human labor gives to certain products and services, according to a recent paper co-authored by Wharton marketing professor Stefano Puntoni . The findings suggest companies automating for supply-side reasons may want to keep their employees because of the value they bring to the demand side.

“Companies should shift the conversation from what can be automated to what should be automated,” Puntoni and his colleagues wrote in an opinion piece for The Wall Street Journal about the study.Co-authored with Christoph Fuchs , marketing professor at the […]

The Impact of AI Dialogue Systems on Employment and the Job Market

The Impact of AI Dialogue Systems on Employment and the Job Market

The Impact of AI Dialogue Systems on Employment and the Job Market

The impact of artificial intelligence (AI) on the job market has been a topic of intense debate in recent years. While some experts argue that AI will create new job opportunities, others warn that it will lead to massive unemployment. One area where AI is making significant strides is in the development of dialogue systems, also known as conversational agents or chatbots. These systems have the potential to revolutionize customer service, sales, and other industries that rely heavily on human interaction. But what does this mean for […]