Tag: Services

ChatGPT may impact job market including blue and white-collar employment: Recruitment firm AVSAR

ChatGPT may impact job market including blue and white-collar employment: Recruitment firm AVSAR

ChatGPT may replace human jobs in industries such as manufacturing and customer services through the automation of tasks. However, ChatGPT could also create new job opportunities in areas such as maintenance, programming, and AI development while changing the nature of certain jobs, making them more efficient and allowing workers to focus on higher-level tasks.

Overall, the impact of ChatGPT on the job market is difficult to predict with certainty. While it may lead to job loss in certain industries, it could also create new job opportunities and change the nature of existing jobs. " AVSAR , a recruitment consulting […]

Industry 4.0 Technologies Success: Leveraging Emerging Technologies with Cyber Security at the Core

Industry 4.0 Technologies Success: Leveraging Emerging Technologies with Cyber Security at the Core

Key Points:

> Balancing Risk and Reward: Understanding risks in utilizing Industry 4.0 technologies, such as security incidents and data loss.

Optimizing Production: Industry 4.0 technologies for increased profitability and reduced costs in production processes. Transforming Employee Work: How Industry 4.0 change employee work for improved productivity and value creation. Embracing Cyber Security: Importance of strong cyber security in digital transformation strategy for safeguarding against risks. Summary: The utilization of emerging technologies in Industry 4.0 presents both opportunities and risks. While these technologies can optimize production processes, increase profitability, and transform the way employees work, they also come with […]

A.I. Is Coming for Lawyers, Again

A.I. Is Coming for Lawyers, Again

More than a decade ago, lawyers were singled out as an endangered occupational species, their livelihoods at risk from advances in artificial intelligence.

But the doomsayers got ahead of themselves. While clever software has taken over some of the toil of legal work — searching, reviewing and mining mountains of legal documents for nuggets of useful information — employment in the legal profession has grown faster than the American work force as a whole.

Today, a new A.I. threat looms, and lawyers may feel a bit of déjà vu. There are warnings that ChatGPT-style software, with its humanlike language fluency, could […]

As Walmart, US’s biggest employer, plans an automated future, concerns about job losses rise

As Walmart, US's biggest employer, plans an automated future, concerns about job losses rise

Walmart US Walmart envisions dramatically changing the nature of retail work as it deploys robots to take on more, and more complex, tasks.

Listening to Walmart Inc executives talk through the company’s future is a reminder of how difficult the recent past has been. Like a lot of retailers, Walmart was forced to put its e-commerce business into overdrive to meet a pandemic-induced surge in online shopping. It first struggled to fill shelves as shoppers cleared out merchandise and then rushed to shed merchandise when supply chain knots loosened.

Now it says it has big plans to restore operating […]

Generative AI could raise global GDP by 7%

Generative AI could raise global GDP by 7%

Breakthroughs in generative artificial intelligence have the potential to bring about sweeping changes to the global economy, according to Goldman Sachs Research. As tools using advances in natural language processing work their way into businesses and society, they could drive a 7% (or almost $7 trillion) increase in global GDP and lift productivity growth by 1.5 percentage points over a 10-year period.

“Despite significant uncertainty around the potential for generative AI, its ability to generate content that is indistinguishable from human-created output and to break down communication barriers between humans and machines reflects a major advancement with potentially large macroeconomic […]

� After AI, where will the jobs come from?

� After AI, where will the jobs come from?

In my commentary this week, I look at the insightful research note from Goldman Sachs, titled “The Potentially Large Effect of Artificial Intelligence on Economic Growth”, in which the authors explore the labour market’s future.

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The study posits that global productivity could see an impressive uptick, ultimately boosting global GDP by 7%. In the U.S., economic growth could leap from the anaemic range of 1% to 1.5% to a more robust 2.5% to 3%, reminiscent of the booming 1950s and 60s. The research highlights that AI automation affects two-thirds of U.S. occupations to varying degrees. A significant portion […]

Goldman Sachs report says AI could put 300 million jobs at risk

Goldman Sachs report says AI could put 300 million jobs at risk

Goldman Sachs economists released a report today that suggests generative artificial intelligence will significantly disrupt the global labor market, automating in the region of 300 million jobs over the next decade.

In the midst of what is now a generative AI boom – something that should be put on pause according to some leaders and thinkers in that space today – the investment bank warns as AI becomes “indistinguishable from human-created output,” there will be “potentially large macroeconomic effects.”

The researchers say a quarter of all work may be automated in the U.S. and Europe, which will lead to a profound […]

Two More Reports Repeat: AI Will Probably Affect Your Job

Two More Reports Repeat: AI Will Probably Affect Your Job

Artificial intelligence (AI) is increasingly being integrated into workplaces across various industries, and it is having a significant impact on most jobs. While AI can improve efficiency, reduce costs, and enhance accuracy, it also poses a significant threat to many jobs, raising questions about the future of work.

That introduction — we call them ledes in journalism — was written by ChatGPT , a language model created by OpenAI. Not too bad, but not quite what this reporter would have written. While I think, for now, my job is safe , it will likely look different in agenerative AI-driven future.

Researchers […]

THE FUTURE OF BUSINESS: HOW AUTOMATION IS CHANGING THE GAME

THE FUTURE OF BUSINESS: HOW AUTOMATION IS CHANGING THE GAME

Automation transforms businesses’ operations, from streamlining processes to increasing efficiency and productivity. With the rise of artificial intelligence and machine learning, automation is becoming more sophisticated and capable of handling complex tasks. But what does this mean for the future of your business? Read on to learn more about the benefits and challenges of automation in business. What Is Automation, And How Is It Changing Business?

Automation refers to using technology to perform tasks that humans would otherwise do. This can include anything from simple repetitive tasks like data entry to more complex tasks like analyzing data and […]

Humans Need Not Apply

Humans Need Not Apply

Automation, replacing human workers with machinery, computers, software, and technology, has revolutionized various industries. In this post, we will explore how automation has led to a rise in productivity, improved the quality of life for people, and freed up workers to advance into more productive jobs. The Impact of Automation on Employment

One hundred years ago, the United States was primarily an agricultural society and a significant portion of the population was employed in farming. In 1920, the US population working in farming was around 27 percent, with approximately 10 million workers engaged in agricultural activities. However, as technology […]