The global Computer Numerical Control (CNC) machine market is expected to reach a staggering $117 billion by 2027 . Simultaneously, the CNC industry is rapidly evolving, implementing modern-day technologies designed to increase precision, efficiency, reduce waste, and cycle time. The growing need for reducing operating costs of production capacities, human resources, and errors in component production, led to the growth of manufacturing automation and higher demand for latest technology CNC machines. In the meantime, numerous huge manufacturing facilities are increasingly utilizing CNC lathes to perform cutting, drilling, knurling, deformation, facing, and turning operations, all while producing finished components or […]
Are robots going to steal your job? No. However, they already have. Think about it. From customer service to transportation, there are tons of instances where machines have replaced humans. Both automation and artificial intelligence are going to significantly impact the job market of the future.
Automation is not a new concept. Think about the industrial revolution. The increased accessibility to machinery eliminated many employment opportunities. Automation vs. AI
People often get confused about the differences between AI and automation . By definition, automation is the implementation of hardware or software that allows for automated actions. In contrast, artificial intelligence […]
With more than 40 million Americans unemployed amid the coronavirus pandemic, there are thousands of jobs unlikely to ever return. Whether that’s because businesses will ultimately shutter (or permanently reduce staff) or industries will be reinvented, there are myriad unknowns when trying to chart projections for the economic future of the U.S. economy. A paper released in May 2020 by the Becker Friedman Institute at the University of Chicago projected that 42% of layoffs caused by the pandemic will be permanent .
In addition to fewer jobs being available in certain sectors, other employment sectors as a whole are at […]
Image Courtesy: reply.com Advances in the field of robotics which is a mix of computer science, mechanical and electronics engineering, and science have implied that machines or related types of automation currently do the work of humans in a wide range of settings, for example, medicine, where robots perform medical procedures previously done by the surgeon’s hand. Robots have made it simpler and less expensive for employers to complete work. The drawback, in any case, is that some sensibly well-paying jobs that gave white-collar class work to people have become the area of machines.
The present workforce faces various challenges […]
This story was initially printed 2020/03/18
11:57am PDTon Mar 18, 2020 and final up to date 2020/06/27
11:52am PDTon Jun 27, 2020.
In relation to working from house, as so a lot of are studying, distractions are in every single place. Be it your children, associate, or just the chance to stroll out the entrance door at a second’s discover, it may be exhausting to keep up a way of productiveness with out correct self-discipline. A few of us merely could not discover the precise steadiness of labor time, break time, and off hours to maintain ourselves sane, […]
Under threat. If coping with new technologies was not enough, the pandemic has thrown additional challenges for computer engineers in India.
With Covid-19 changing the nature of workplaces , experts believe there are some IT jobs that won’t survive the pandemic.
Already, hundreds of IT workers in India are being placed on furlough or getting fired.“They gave me two options—either take a severance pay equal to my three-month salary and leave, or wait for one month on the bench for new projects,” an unnamed Cognizant Technology employee who was asked to leave on May 22 told daily newspaper New Indian Express […]
How COVID-19 is future-proofing businesses with accelerated digitisation 1 COVID-19 has thrown companies very suddenly into an unexpected situation. The sheer speed at which things have changed has meant businesses have had to quickly become accustomed to ‘the new normal’ – a phrase that has taken on a significant meaning.
Tech projects and updates that had been put on hold were implemented overnight. Many companies have been forced into sped-up digitisation and, for them, there is no going back. The accelerated rate at which businesses lagging behind have now had to adopt digital transformation has propelled them into the future. […]
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Recently, Black Lives Matter protests have sparked debate on social media platforms. Many have been quick with an “All Lives Matter” retort. Yet, in the aftermath of George Floyd and Breona Tayler ‘s deaths, there has been a pivotal need for conversations about systemic racism and the injustices black people face daily.
In fact, Google and Apple have trained artificial intelligence (AI) voice assistants to answer questions on the Black Lives Matter movement and to refute the All Lives Matter camp.In response to “Do black lives matter?”, Google’s Assistant, which runs on Google Home, responds with: […]
Artificial intelligence – a robot serving wine The substitutive effect
In the future, machines will replace humans in jobs. This is not controversial: it’s what machines have done since well before the start of the industrial revolution. Petrol pump attendants were replaced by automated pumps, secretaries were replaced by Microsoft Office. This is what economists call the substitutive effect of automation: humans are substituted in jobs by machines. The complementary effect
From time to time, fears have been expressed that humans would run out of jobs entirely. I first wrote about this concern back in 1980, and […]
PHOTO: Shutterstock Recently, Microsoft announced that it was terminating dozens of journalists and editorial workers at its Microsoft News and MSN organizations. Instead, the company said, it will rely on artificial intelligence to curate and edit news and content that is presented on MSN.com, inside Microsoft’s Edge browser, and in the company’s Microsoft News apps. Microsoft And MSN
Explaining the decision, Microsoft issued a statement to the Verge. The statement reads: “Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time to time, re-deployment in others. […]