The final version of the World Development Report (WDR) 2019 of the World Bank released at the end of November 2018 landed like a bombshell. It was a powerful refutation of the World Bank’s own 2016 WDR, which declared that the proportion of jobs threatened by automation was 69 per cent in India and 77 per cent in China. With such startling figures, the 2016 WDR figures stunned not only India but the entire world.
True, automation based on interrelated processes of robotics, artificial intelligence (AI), internet of things (IoT) – with some secondary processes like 3D printing in manufacturing […]
Workplace automation, including the use of artificial intelligence (AI) and robotics, is on the rise. (AFP) A prominent Chinese venture capitalist, Kai-Fu Lee, has been proselytizing for the advancement of artificial intelligence for some time. He is the chief executive of an influential investment firm called Sinovation Ventures based in Beijing that specializes in artificial intelligence, also known as AI, and as such he has an interest in promoting the idea that it will change our world. However, he may end up scaring us more than astonishing us. You see, Lee now claims that up to 40 percent of […]
Walmart will open a 340,000-square-foot consolidation center in Colton in July. The facility will initially employ 150 workers, the retailer said, but that is expected to exceed 600 by 2021. (Photo courtesy of Walmart) A Walmart supply chain first is coming to Colton.
The mega-retailer plans to open a 340,000-square-foot consolidation center at 1600 Agua Mansa Road in July. Using automated technology, it will be the company’s first consolidation facility to receive, sort and ship freight. The technology will allow three to four times more volume in the flow of merchandise, resulting in more nimble and flexible product fulfillment, the […]
This – I have observed entire teams and departments that have no reason to exist except to exist. I had a manager once go "But X is doing this manually. Why are you trying to make it run automatically in the codezzzz? Don’t do it." X was a 40 year old guy who’d been doing nothing but writing SQl Queries to manually process some Invoice data and write them into tables that were used to generate reports. I was told how to streamline the process but then they didn’t want to do it cos X would […]
Artificial Intelligence (AI) is no longer a buzzword for a distant future. It’s increasingly becoming part of just about every sector. Start-ups and established companies alike are charging ahead with AI patents all around the world, and it looks set to continue increasing.
Data at the start of 2018 showed that innovative disruptors intensified their efforts to gain IP rights for all kinds of technological developments, ranging from blockchain platforms to AI. In particular, the increase in patents awarded for machine learning technology increased dramatically, according to a survey by IFI Claims Patent Service s. Data shows the patent category […]
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Companies across the globe are under increasing pressure to deliver products that offer more for less. Artificial Intelligence is a major factor in the evolution of this thought process. This has given rise to a common perception that AI could soon replace humans for a variety of tasks. An interesting journey has just begun. It’s important to find whether all jobs are going the AI route; and the overall impact that AI will have on mankind.
The ability of machines to imitate the human mind is slowly but surely invading workplaces. Today machines are enabling intelligent […]
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Apple’s late founder Steve Jobs once said, "I think everybody in this country should learn how to program a computer because it teaches you how to think." Today, a coding education does far more than that—it makes your future self employable.
You think our world is computer-reliant now? Just wait a […]
To say that artificial intelligence will take away jobs of the future is an understatement, and redundant to boot. The broader term, technology, has been doing this for centuries already, and it is merely evolving into a more streamlined avatar called AI. Why is Artificial Intelligence Considered to be a Threat to the Future of Work?
In its most basic form of process automation, artificial intelligence has already wiped out a number of different jobs. And it’s an ongoing cycle: Assembly lines made skilled workers obsolete, and they in turn were made obsolete by machines that did the job […]
It’s a downer these days to be an accountant. Business literature overflows with ominous articles proclaiming the anticipated demise of many accounting jobs, with robotics and other automated software solutions playing the role of villain. In an era of lightning-fast machines processing traditional accounting tasks, companies are told they need fewer accountants on the payroll.
That’s good news for businesses eager to trim labor expenses, but not much of a ringing endorsement for the future of the profession. Like everything in this era of hyperbole and superficial “hot takes” on Twitter, the implications are more nuanced than robots trampling accountants.
To the editor:
All along, there has been an out-of-favor answer to this cute rhetorical idiom: “Don’t call them liberals, call them progressives. Because who can be against progress?” I first heard this as an example of “framing,” attributed to George Lakoff.
The answer is obvious: the people left behind when those who could moved on with the change that was endorsed in the name of progress! In some cases, the transition and catching up was relatively painless and even profitable at many levels. Consider the farm workers (they used to be 38 percent of the labor force in 1900) who […]