Tag: Services

AI is here to steal your jobs. How women will be affected more than men

AI is here to steal your jobs. How women will be affected more than men

Artificial Intelligence is already leading to layoffs and it’s not going to get better. There is no beating it. Now a new report says that more women face the risk of losing their jobs than men by 2030

More women will lose jobs to artificial intelligence than men by 2030, says a new report by the McKinsey Global Institute. Pixabay Artificial Intelligence (AI) is coming for your jobs. There is no denying it. And women have more reasons to worry. With the rise of automation and AI in the workforce, more women risk losing their jobs than men […]

AI and Employment: Accepting Automation or Fear of Job Losses?

AI and Employment: Accepting Automation or Fear of Job Losses?

Photo by Jackson Sophat on Unsplash As Artificial Intelligence (AI) continues to advance, the intersection of technology and the job market has become a focal point of debate and concern. While AI offers the promise of increased efficiency and productivity, it also raises questions about the potential displacement of human workers. As we navigate the delicate balance between embracing automation and addressing fears of job losses, it is crucial to explore the multifaceted impact of AI on the job market. This article investigates the implications of AI on employment, incorporating insights from economists, AI developers, and workers from various […]

AI Eating Away Jobs: Artificial Intelligence Will Take More Jobs From Women Than Men by 2030 in US, Reveals Study

AI Eating Away Jobs: Artificial Intelligence Will Take More Jobs From Women Than Men by 2030 in US, Reveals Study

Artificial Intelligence Representational Image (Photo Credits: File Photo) Mumbai, July 27: According to a recent report by the McKinsey Global Institute, the advent of generative artificial intelligence (AI) and automation technology is anticipated to lead to a concerning trend: a greater number of women facing job losses in the next decade. This is likely to occur as certain industries contract due to the rapid progress in AI. The report predicts that approximately one-third of working hours in the US economy could be automated by 2030. Sectors such as customer service, office support, and food services are expected to experience […]

Accelerated adoption of AI could automate 30% of Americans’ work hours: report

Accelerated adoption of AI could automate 30% of Americans’ work hours: report

Employees sit at their workstations at a commercial real estate firm in Houston. (Karen Warren/Houston Chronicle via Getty Images) Advances in artificial intelligence (AI) technology may reshape the U.S. workforce by the end of the decade as companies increasingly adopt AI tools to help automate tasks that consume nearly one-third of Americans’ workweeks, according to a new report.

The McKinsey Global Institute on Wednesday released a report on "Generative AI and the future of work in America" that found that advances in AI have the potential to accelerate automation in the economy.

"Without generative AI, our research estimated, automation could take […]

Accelerated adoption of AI could automate 30% of Americans’ work hours: McKinsey

Accelerated adoption of AI could automate 30% of Americans’ work hours: McKinsey

Advances in artificial intelligence (AI) technology may reshape the U.S. workforce by the end of the decade as companies increasingly adopt AI tools to help automate tasks that consume nearly one-third of Americans’ workweeks, according to a new report.

The McKinsey Global Institute on Wednesday released a report on "Generative AI and the future of work in America" that found that advances in AI have the potential to accelerate automation in the economy.

"Without generative AI, our research estimated, automation could take over tasks accounting for 21.5 percent of the hours worked in the U.S. economy by 2030," the report said. […]

Artificial Intelligence May Disproportionately Affect Women in the Workforce, Says Study

Artificial Intelligence May Disproportionately Affect Women in the Workforce, Says Study

A recent study by McKinsey & Co. reveals that women are more likely to face job displacement due to automation by artificial intelligence (AI) compared to men. The research, conducted by McKinsey Global Institute, predicts that women are 1.5 times more likely to need to change jobs by 2030. This can be attributed to the high representation of women in lower-wage industries, such as office support and customer service, which are expected to shrink due to advancements in AI technology.

The study also indicates that black and Hispanic workers will be disproportionately affected as they are highly concentrated in shrinking […]

How Robotics are Used in the Oil and Gas Industry to Boost Productivity

How Robotics are Used in the Oil and Gas Industry to Boost Productivity

The use of robotics in tasks such as inspection, exploration, production, and safety measures has resulted in increased productivity and efficiency

How Robotics are Used in the Oil and Gas Industry to Boost Productivity By increasing maintenance and repair, production efficiency, and safety monitoring, robotics and automation have significantly aided the development of the oil and gas industry, believes Arif Patel of Preston. The enhanced automation technology of robotics has widely impacted the output of oil and gas industries making it more advanced and efficient.

Since the beginning of the digital age, robotics has played a significant role in the […]

Why women could be hurt more by AI in the workforce than men: study

Why women could be hurt more by AI in the workforce than men: study

When artificial intelligence begins automating jobs once done by humans, women will have to worry more than men, according to a new study by McKinsey & Co.

The report, which was compiled by the consulting firm’s research arm, McKinsey Global Institute, analyzed US labor-market trends through 2030, and found that women are 1.5 times more likely to need to change jobs in the next seven years.

McKinsey attributed the figure to the high amount of women in industries with lower-wage jobs, which will be most affected by AI technology already present in models that are available for public use like […]

AI will take more jobs from women than men by 2030, report says

Employees at a customer service center in Jiangsu province, China, in June. (Bloomberg) Comment on this story More women than men stand to lose their jobs by the end of the decade because of the rise of artificial intelligence and automation, according to a new report by the McKinsey Global Institute.

The report , published Wednesday, finds that nearly a third of hours worked in the United States could be automated by 2030.

Industries that are expected to shrink the most because of automation are food services, customer service and sales, and office support. Women are overrepresented in these sectors — […]

The Adoption of AI and the Future of IT Professionals

The Adoption of AI and the Future of IT Professionals

The adoption of artificial intelligence (AI) has been happening at an unprecedented rate. According to a report from the Technology Council of Australia and Microsoft, generative AI alone could contribute $115 billion to the Australian economy by 2030, assuming the current rate of adoption continues. Even if the rate slows down, it could still boost the economy by $45 billion.

AI has already been impacting businesses and the economy, resulting in increased productivity and efficiency for some while leading to job displacement for others. Sectors like finance, banking, media, marketing, and legal services have experienced the most impact, while manufacturing, […]