Tag: Services

Accounting outsourcing to accounting automation : How Indian outsourcing industry is moving up the value chain

Accounting outsourcing to accounting automation : How Indian outsourcing industry is moving up the value chain

Ganesh Ranganathan

In the 90’s India emerged as the world’s preferred destination for IT & Business Process Outsourcing service centres. Global companies established partnerships with their Indian service providers or set up their own offshore centres across India initially targeting metros like Bangalore, Chennai, Hyderabad & Delhi.

Within no time, second tier cities like Ahmedabad, Coimbatore, Chandigarh and Mysuru also became active BPO centres creating 1000’s of IT and BPO jobs.This trend has continued for the next 3 decades, thanks to the availability of skilled manpower, lower cost and economies of scale.Call centres and English accent training centres sprung up […]

7 tips to help you save time at work

7 tips to help you save time at work

“It’s really clear that the most precious resource we all have is time.” – Steve Jobs (shutterstock) Many of us think about the amount of money we are spending but rarely do we ever pause to think about the time we have and how we are really spending it. And with many of us spending half of our waking days working, it is imperative that we learn how to be more mindful of our time. After all, time is the only currency that you can never have more of. “Time is free, but it’s priceless. You can’t own it, […]

5 skills that new age workforce needs to combat automation

5 skills that new age workforce needs to combat automation

Here is the list of new-age skills that need to be encouraged within the workforce to confront automation.

By India Today Web Desk : Humans have swiftly and seamlessly transitioned from the Digital Age to the Age of AI and Automation, also described as the Hyper Automation Age. The restructuring of the workplace is no longer a secret.

Many professions have been made redundant by automation, and the skills you need to thrive in this new environment will vary from those you gained in school.The good news is that if you want to learn more about how your abilities […]

Artificial Intelligence Wrote This Article on Property Rights

Artificial Intelligence Wrote This Article on Property Rights

Technology continues to exceed our wildest speculations Image Credit: Peter Jacobsen- Screenshot of OpenAI Playground

I wrote this article using the OpenAI Playground. OpenAI Playground is a tool that allows users to generate text using AI. The only writing in the article done directly by humans was the headings and the changes requested by the editor.

AI is a type of computer technology that is capable of performing tasks that typically require human intelligence, such as visual perception, natural language processing, and decision-making.While AI is still in its infancy, it is already being used in a number of applications, such as […]

Will robots take your job — or bump you into a new one?

Will robots take your job — or bump you into a new one?

Will robots take your job — or bump you into a new one?

By DEREK ROBERTSON

12/07/2022 04:45 PM ESTPresented by Ericsson Listen to the third episode of POLITICO Tech’s multi-part podcast series on cybercrime below, and find the whole series here . BALTIMORE — A robotic ballet plays out around the clock every day in a vast building on the outskirts of Baltimore, a city with a long history as a logistics hub in its own right.Inside the complex, technically known as Amazon’s BWI2 Robotics Fulfillment Center, yellow, tower-like robots on wheels deliver everything from Pringles cans […]

Role of digital technologies for financial service providers

Role of digital technologies for financial service providers

Subhash Acharya

Financial institutions can hugely benefit from the technologies that make processes more efficient, reduce human errors, and improve communication. The technologies such as chatbots, Cloud Technology, automation, Blockchain Technology, Artificial Intelligence (AI) & Machine Learning in the financial services industry improve the quality of customer relationships and result in increased profits.

The finance industry is undergoing a significant digital transformation with major implications for primary functions and functionaries of modern finance. Emerging technologies have redefined the operations of banks, insurers, and other financial service providers to find unique ways to provide better services to their clients. These technologies […]

Will robots take away our jobs?

Will robots take away our jobs?

You can argue that what we often call artificial intelligence isn’t really intelligence. Indeed, it may be a long time before machines can be truly creative or offer deep insight

People have been asking that question for an astonishingly long time. Regency-era British economist David Ricardo added to the third edition of his classic “Principles of Political Economy,” published in 1821, a chapter titled “On Machinery,” in which he tried to show how the technologies of the early Industrial Revolution could, at least initially, hurt workers. Kurt Vonnegut’s 1952 novel “Player Piano” envisaged a near-future America in which automation […]

Understanding the Effects of Automation on Employment

Understanding the Effects of Automation on Employment

Understanding the Effects of Automation on Employment We’ve been hearing stories about the impending collapse of the human workforce for at least the last 30 years – possibly longer depending on what movies we’ve seen. You already know how it goes. Robots will come along and take our jobs. Artificial intelligence (AI) will eventually become self-sufficient, and we will all die anyway, at which point we will no longer require a job.

The thing is, much like we were supposed to have flying cars by now, much of what we were told would happen has not happened.

Nonetheless, the use of […]

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Illustration by The New York Times; photographs by AVAVA and Chris Collins, via Getty Images Will robots take away our jobs?

People have been asking that question for an astonishingly long time. The Regency-era British economist David Ricardo added to the third edition of his classic “Principles of Political Economy,” published in 1821, a chapter titled “ On Machinery ,” in which he tried to show how the technologies of the early Industrial Revolution could, at least initially, hurt workers. Kurt Vonnegut’s 1952 novel “ Player Piano ” envisaged a near-future America in which automation has eliminated most employment.

At the […]

4 ways blockchain technology could change the future of HR

4 ways blockchain technology could change the future of HR

People often associate the blockchain with cryptocurrencies, and, while most cryptos have to operate on a blockchain, the blockchain can do much more than just process and verify crypto transactions. Blockchain technology could also revolutionize the world of business, especially in the area of human resources.

The blockchain could help automate many operations, allow for easier onboarding, and reduce the number of menial tasks HR employees have to perform, among other things. All of this could contribute to higher productivity and lower costs. Let’s take a look at some of the many ways that blockchain could change the world of […]