Tag: software

By 2030 Automation Could Eliminate 73 Million Jobs in U.S.

By 2030 Automation Could Eliminate 73 Million Jobs in U.S.

Automation might kill up to 73 million jobs in the United States by 2030, but rising productivity, economic growth, and other forces could offset those losses shows a new report the McKinsey Global Institute released this week.

The director of research for the group and the study’s co-author Susan Lund said the dire prediction robots will take human jobs is overstated, as there will be a sufficient number of jobs for workers in the majority of sectors.

However, maintaining complete employment will require huge overhauls to the labor market and economy that rivals or surpasses the massive shifts in the nation […]

Automation could kill 73 million U.S. jobs by 2030

Automation could kill 73 million U.S. jobs by 2030

A new report from Paysa suggests automation jobs will put 10,000 people to work, and big companies will spend $650 million on annual salaries to make it happen. Sean Dowling (@seandowlingtv) has more. Buzz60 Automation could destroy as many as 73 million U.S. jobs by 2030, but economic growth, rising productivity and other forces could more than offset the losses, according to a new report by McKinsey Global Institute.

“The dire predictions that robots are going to take our jobs are overstated,” says Susan Lund, the group’s director of research and co-author of the study. “There will be enough jobs […]

Every one automation will create 10 jobs: Prof S Sadagopan

Every one automation will create 10 jobs: Prof S Sadagopan

BENGALURU: The much-hyped new age technologies like Artificial Intelligence and Analytics are neither new nor will they take away jobs, as has been feared. These concepts have existed in the past too. The Indian industry is over-glorifying machines, said Prof S Sadagopan, Director (President) of IIIT-Bangalore. He was addressing the gathering at the Digital Innovation Conclave hosted by IFIM institution here on Friday.

Speaking about the future of jobs and the expansion of automation, Sadagopan said that automation is not the end of the road for human employment. The automation threat is real but there is nothing to worry about […]

Meet your new cobot: is a machine coming for your job?

Meet your new cobot: is a machine coming for your job?

John Harris Next to the M56, on the outskirts of Manchester, the future has landed. A cluster of huge distribution centres sits at the heart of Airport City , a new development part-funded by the Beijing Construction Engineering Group (two years ago, it was visited by president Xi Jinping of China). Among the biggest buildings is one of Amazon’s self-styled “fulfilment centres”. Known within the company as MAN1, it opened in September last year, but everything inside, from the chairs to the wall-mounted screens, looks as if it has just come out of a box. Deeper within the centre, […]

Humanities and the Rise of Robots

Humanities and the Rise of Robots

The threat that recent advances in job automation , machine learning and artificial intelligence (AI) represent for human workers is becoming more and more relevant in the economic and social debate.

CEOs like John Cryan of Deutsche Bank clearly state that robots can replace thousands of workers. In two different interviews, Cryan said that “in our banks, we have people behaving like robots doing mechanical things. Tomorrow we’re going to have robots behaving like people” and that “we’re too manual, which can make you error-prone and it makes you inefficient. There’s a lot of machine learning and mechanisation that we […]

Every one automation will create 10 jobs: Sadagopan

Every one automation will create 10 jobs: Sadagopan

BENGALURU: The much hyped new age technologies like Artificial Intelligence and Analytics are neither new nor will they take away jobs, as has been feared. These concepts have existed in the past too. The Indian industry is over-glorifying machines, said Prof S Sadagopan, Director (President) of IIIT-Bangalore. He was addressing the gathering at the Digital Innovation Conclave hosted by IFIM institution here on Friday.

Speaking about the future of jobs and the expansion of automation, Sadagopan said that automation is not the end of the road for human employment. The automation threat is real but there is nothing to worry […]

Will automation cause technological unemployment?

Will automation cause technological unemployment?

Technological unemployment occurs when the adoption of new technology causes job losses. Automation is a process of using robots, AI and machines to take the place of workers – not just in manufacturing, but increasingly new avenues – even in the service sector. The pace of automation is causing job disruption – with workers – especially in manufacturing losing jobs.

Any good economist will be well-acquainted with the Luddite Fallacy – the argument that new technology destroys jobs in the long-run is not true. Back in the nineteenth century, skilled artisans went around smashing spinning machines – machines which were […]

Automation is a job creator — check with Amazon.com

Automation is a job creator — check with Amazon.com

Workers prepare customer orders for dispatch inside an Amazon.co.uk fulfillment center in England. Rather than fear automation, State Sen. Steve Glazer says, Californians should embrace how technology will improve the workforce.

Amazon.com’s nationwide search for a second corporate headquarters site is getting a lot of attention. And with good reason: The company says the new headquarters will generate 50,000 high-paying jobs.

The initiative is only the latest move by Amazon to create tens of thousands of new jobs. The company has been one of the biggest job creators in California, and the nation, for many years.But here’s something else about Amazon: […]

From Manual Procedures to Machines — The Role of AI and Automation in Project Management

From Manual Procedures to Machines — The Role of AI and Automation in Project Management

Artificial intelligence, automation, industrial robotics and the similar emerging technologies are growing at an alarming speed, but there has been inconsiderable concentration to their effect on employment and other organizational practices. Despite the fact that these technologies can upgrade the speed, cost, and quality of the products and services, the fact is they may also expel a huge numbers of employees.

A recent user survey revealed that around 85% of respondents believe that AI and automation will transform their job in the coming three years. 83% of those inspected said they were excited, but 84% also stated feeling suspicious.

The purpose […]

How to charm the bots in charge of hiring for your dream job

How to charm the bots in charge of hiring for your dream job

As artificial intelligence technology rapidly evolves to transform industries like health care and virtually assist people’s lives, the hope is matched by concern about the displacement of human roles. At the same time, deployed AI platforms in today’s business world augment processes at a more rapid pace than they replace them. While we’ve yet to determine the exact impact of AI, a recent report from the World Economic Forum estimates automation will replace at least 5 million jobs by 2022. One thing is clear today: AI is driving fundamental changes in how people conduct their jobs and how companies […]