Tag: software

Exploring the Impact of Generative AI on Job Reduction

Generative Artificial Intelligence (AI) technologies, particularly those built on deep learning algorithms like Generative Adversarial Networks (GANs) and transformers, have garnered significant attention in recent years for their ability to create realistic content such as images, videos, text, and even music. While these advancements hold promise for revolutionizing various industries and enhancing human creativity, there are concerns regarding the potential impact of generative AI on the job market. This article delves into the intricate relationship between generative AI and employment, examining both the opportunities and challenges it presents.

The Rise of Generative AI:

Generative AI algorithms have made remarkable […]

10 Outdated Professions That Are Not Worth Pursuing Anymore (Dying Occupations)

10 Outdated Professions That Are Not Worth Pursuing Anymore (Dying Occupations)

10 Outdated Professions That Are Not Worth Pursuing Anymore (Dying Occupations) 2 To understand how professions become outdated and dying occupations, we must acknowledge the relentless pace of change in today’s technology and how it affects the job market. Technological advancements and shifting economic trends have dramatically reshaped the professional landscape, rendering specific careers less viable than they once were.

This article will explore ten jobs that have been particularly impacted, providing insights into why these professions are now considered obsolete and what emerging trends influenced these changes. Understanding these dynamics is crucial for anyone looking to make informed decisions […]

Exploring the top manufacturing trends shaping 2024; From automation to sustainability

Exploring the top manufacturing trends shaping 2024; From automation to sustainability

Technological advancements in the manufacturing sector play a vital role in the growth of the world economy. Emerging manufacturing trends include industrial automation, smart factories, additive manufacturing, and Artificial Intelligence (AI). However, in the aftermath of the COVID-19 pandemic, manufacturing companies are looking to maintain productivity with reduced manpower.

Hence, startups and scaleups are developing smart sensors, immersive technology gadgets, and wearables that eliminate the need for the physical presence of workers. Simultaneously, companies are shifting to sustainable materials and green energy sources to reduce the carbon footprint of manufacturing facilities and products.

Top 10 Manufacturing Trends in 2024 […]

Some managers looking for a discount think it’s time to replace you with AI

Some managers looking for a discount think it’s time to replace you with AI

Bosses are crunching the numbers and considering replacing workers with AI. It’s been almost a year since AI’s bloom last spring , recalling another flowering: The “tulip mania” of the Dutch Golden Age, one of the most infamous examples of a financial bubble in economic history. But will ChatGPT blossom, with ramifications for any worker’s job, or will it wither as the petals fall off the proverbial plant?

Even if people are mixed on whether AI will take your job or enhance it, one thing is becoming clear: Managers are starting to pit these innovations against disenfranchised workers.

Look no further […]

How automation affect employment in manufacturing?

How automation affect employment in manufacturing?

Automation technology in manufacturing has varied effects on employment. Several studies indicate that automation technology increases total employment and employment at all skill levels in manufacturing firms, suggesting that the productivity effect outweighs the displacement effect . Additionally, automation can lead to the skill upgrading of employment composition, with a higher proportion of high-skilled labor and a decrease in low-skilled labor . Furthermore, automation can have a positive impact on employment in the service sector, offsetting the reduction in manufacturing employment . Studies also show that automation in manufacturing leads to higher profits, lower consumer prices, and higher sales, […]

Harmonising Horizons: The futuristic symphony of automation in 2024

Harmonising Horizons: The futuristic symphony of automation in 2024

Representative Image Automation refers to the use of technology to perform tasks with minimal human intervention. Here are the different types of automation:

Fixed Automation: In fixed automation, a predefined sequence of operations remains constant and cannot be customised by the user. It is commonly used in the mechanical industry for specific tasks. Think of it as a “set-it-and-forget-it” approach where the system configuration determines the sequence of operations.

Programmable Automation: Programmable automation allows users to modify the sequence of operations based on specific requirements. Users can customise the process by changing the order of steps. It provides flexibility […]

Cobot Palletizers Brew Big Benefits for Coffee Company

Cobot Palletizers Brew Big Benefits for Coffee Company

The Robotiq Palletizing Solution with the UR10e cobot handles 1,500 boxes per day in a two-shift operation In 1897, Steve Papanicholas immigrated from Greece to Chicago, where he founded Overland Coffee Co., now Napco Brands, a family-owned coffee company that uses the same robust sourcing, roasting, and blending practices developed by Papanicholas at the turn of the century. Since its founding, the company has expanded from roasting and packaging a single in-house brand to producing four distinct coffee brands: Papanicholas, Day to Day, Versanto, and Basic Joe. It also offers a growing line of private-label coffees.

“At Napco, we have […]

How Automation is Shaping the Workforce of Tomorrow

How Automation is Shaping the Workforce of Tomorrow

Nowadays, technology is changing at lightning speed, and automation is leading the charge. This trend is reshaping how we work and live, making tasks easier, and transforming industries. Automation, simply put, is when machines do tasks instead of people. It’s not just about robots assembling cars. It’s also about software scheduling appointments or AI helping make business decisions. This shift towards automation is creating a new future for our workforce. It promises to make work more efficient and open up new possibilities for innovation.

However, the move towards automation is also about how we, as a society, adapt to these […]

2 Artificial Intelligence (AI) Stocks That Could Go Parabolic

2 Artificial Intelligence (AI) Stocks That Could Go Parabolic

The excitement of artificial intelligence (AI) is seemingly carrying the stock market higher. Those stocks that Wall Street has deemed to be AI winners, like Nvidia or Super Micro Computer , have multiplied in value over the past year, a parabolic journey that’s made investors very wealthy.

Perhaps the next big AI move will be companies that integrate AI technology to become better businesses. In this category, stocks like UiPath (NYSE: PATH) and Monday.com (NASDAQ: MNDY) come to mind. These two stocks have done well over the past 18 months, but more upside could be ahead. 1. UiPath: Accelerating with […]

SURESH BABU: How AI affects carmakers’ workforce is up to us

SURESH BABU: How AI affects carmakers’ workforce is up to us

Legislators should steer the technology to upskill and reskill workers to prepare them for its adoption

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Subscribe now Picture: 123RF Artificial intelligence (AI) has long been a rich source of storytelling: from the HAL 9000 computer — the brainchild of Stanley Kubrick and Arthur C Clarke in the film 2001: A Space Odyssey — to the replicants in the epochal blockbuster Bladerunner and the genocidal Skynet programme in the Terminator franchise.Some […]