India’s Path To Becoming A Developed Nation By 2047

India's Path To Becoming A Developed Nation By 2047

India’s economic aspirations to evolve as a developed nation by 2047 have gained new momentum, fueled by insights from key experts like Gita Gopinath. The First Deputy Managing Director of the International Monetary Fund (IMF) recently underlined the necessity of transforming educational frameworks and workforce skills as stepping stones to achieving this ambitious goal.

During her address at the Delhi School of Economics, Gopinath shared her observation of India’s impressive growth rate, hovering around 7%. Despite this growth, she reiterated the urgent call for systemic reforms necessary to sustain such economic momentum and advance toward high-income status.

A significant portion of […]

Why AI will not lead to a world without work

Artificial intelligence (AI) is prompting a new wave of technological unemployment fears. Image: Getty Images/iStockphoto A hand holding a looking glass by a lake Crowdsource Innovation Get involved with our crowdsourced digital platform to deliver impact at scale

This article is part of: Centre for the Fourth Industrial Revolution Technology, including artificial intelligence (AI), must be deflationary to have a macroeconomic impact. It can reduce costs and prices and boost real incomes and demand, thereby creating new jobs and offsetting automation-driven losses.

Predictions of technological unemployment have repeatedly proven false, as macroeconomic job creation in new sectors offsets microeconomic […]

Minister Duclos Unveils New Funding for Advanced Automation Project

Minister Duclos Unveils New Funding for Advanced Automation Project

News release

NGen Launches 15 New Advanced Manufacturing Projects Valued at $59M, Supporting 31 Companies Across Canada Calgary, AB, August 13, 2024 – Today, the Honourable Jean-Yves Duclos, Minister of Public Services and Procurement, announced a significant new project as part of NGen’s initiative to support 15 advanced manufacturing projects. This new venture focuses on developing an innovative fully autonomous, end-to-end production system enabled by artificial intelligence (AI) and robotics, designed to automate routine manual functions in the assembly process.The project, led by Petra Hygienic Systems International Limited, Mastrin […]

Welcome to the AI revolution: From horsepower to manpower to machine-power

Welcome to the AI revolution: From horsepower to manpower to machine-power

gremlin/Getty images Before the invention of the internal combustion engine and the harnessing of electricity, humans weren’t the only members of the global workforce . Until the mid-20th century, horses were employed in the tens of millions across industries. In the USA alone their numbers reached 24 million, about as many as there are humans currently working in healthcare.

Also: How your business can best exploit AI: Tell your board these 4 things

"The draft animal population — the vast majority of which were horses and mules — grew six-fold between 1840 and 1900, from four to twenty-four million. […]

More Olympic medals necessary for Viksit Bharat

More Olympic medals necessary for Viksit Bharat

India had another poor show at the Olympics. In Paris, there were 987 medals at stake in 329 competing events in 32 sports. A total of 117 athletes from India competed for 69 medals across 16 sports. India won only six medals, or 0.6% of the total medals.

India’s population of 1.45 billion is 17.8% of the global population of 8.17 billion. In current US dollars in 2023, India’s GDP of $3.55 trillion is 3.4% of the global GDP of $105.44 trillion. India’s Olympic performance is nothing short of pathetic for a nation with such a large share of population […]

Could AI-Powered Humanoid Robots Be Coming to Retail Stores?

Could AI-Powered Humanoid Robots Be Coming to Retail Stores?

The potential for artificial intelligence (AI) humanoid robots in factories and stores is sparking debate among experts on the future of work and commerce. While companies explore humanoid robots for tasks from assembly to customer service, opinions vary widely on their adoption rate and implications. The consensus among experts leans toward gradual integration rather than rapid revolution, with key challenges in technology development, workforce adaptation, and customer acceptance still to be overcome.

“As Henry Ford said, ‘Why is it that I always get a whole person when all I want is a pair of hands?’ This sentiment applies here too,” […]

Pioneering AI in the digital age

Pioneering AI in the digital age

Alex Galbraith at SoftwareOne shares key takeaways from the London AI Summit Artificial Intelligence (AI) represents a transformative force with the potential to revolutionise society, from healthcare and education to finance and entertainment. By automating complex tasks, enhancing decision-making processes, and enabling new levels of personalisation and efficiency, AI stands at the forefront of technological advancement.

Recognising this potential, SoftwareOne attended the annual AI Summit at Tobacco Dock in London earlier this summer, to explore practical and profitable AI implementations. Here are our top five takeaways to help guide organisations on their AI adoption journey.

1 The human-machine balance One […]

Comment: How enhanced connectivity is revolutionising rural manufacturing

Comment: How enhanced connectivity is revolutionising rural manufacturing

Opinion

Sandeep Raithatha, Head of Strategy, Innovation & 5G IoT at Virgin Media O2 Business, explains how better connectivity is facilitating Industry 4.0 off the beaten track. Adobe Stock Over the past decade, the digital landscape has rapidly evolved, reshaping industries and economies worldwide. While urban areas have seen the benefits from this digitisation, rural regions, particularly in the manufacturing sector have often been overlooked. However, the potential in these areas is immense. Improved connectivity can revolutionise rural manufacturing by enhancing efficiency, enabling greater automation to reduce human error and machine failure, real-time monitoring, and data processing, and supporting […]

Generative AI could transform millions of jobs in Latin America and the Caribbean but digital divide poses challenges

Generative AI could transform millions of jobs in Latin America and the Caribbean but digital divide poses challenges

GENEVA (ILO News) – Generative Artificial Intelligence (GenAI) could significantly transform jobs and boost productivity in Latin America and the Caribbean, but existing digital infrastructure gaps may hinder its potential benefits, according to a new research paper from the International Labour Organization (ILO) and the World Bank.

The research, Buffer or Bottleneck? Employment Exposure to Generative AI and the Digital Divide in Latin America , finds that between 26 per cent and 38 per cent of jobs in the region could be influenced by GenAI. However, the technology is more likely to augment and transform jobs rather than fully automate […]

Generative AI May Transform Jobs in Latin America, Caribbean

Generative Artificial Intelligence (GenAI) could significantly transform jobs and boost productivity in Latin America and the Caribbean, but existing digital infrastructure gaps may hinder its potential benefits, according to a new research paper from the International Labour Organization (ILO) and the World Bank.

The research, Buffer or Bottleneck? Employment Exposure to Generative AI and the Digital Divide in Latin America , finds that between 26 per cent and 38 per cent of jobs in the region could be influenced by GenAI. However, the technology is more likely to augment and transform jobs rather than fully automate them. Specifically, 8 per […]