Tag: software

What is Intelligent Process Automation?

What is Intelligent Process Automation?

In many ways, intelligent process automation is less of a singular entity and more like a combination of technologies and methods. Intelligent process automation is a smaller fraction of the global workspace’s move toward increased automation as a whole. Since automation frequently promises cost savings, efficiency gains, and general workflow improvements, worldwide users can easily spot its value.

If you want to understand how intelligent process automation can provide value or help brands leverage technology such as artificial intelligence, machine learning, and robotic process automation, here’s what you need to know. Intelligent Process Automation Basics

At its core, what is […]

Robo sapiens: Future of work

Robo sapiens: Future of work

By Felix Tran & Haim Israel

Don’t underestimate humans’ ability to one up technology…There are areas where humans can beat machines. In the future, there will likely be an increasing premium for jobs within occupational groups that require social intelligence, creativity and complex problem solving as opposed to repetitive, low dexterity skills. For instance, an event planner requires more social intelligence than a dishwasher in hospitality, fashion designers require more creativity than a seamstress in apparel… A recent study by McKinsey flags that ultimately it is activities rather than jobs that are being automated where $2tn in wages or […]

Robo sapiens: Future of work

Robo sapiens: Future of work

Given that robots can function for 24 hours per day, this represents a significant saving of up to 10:1 vs. human labour. By Felix Tran & Haim Israel

Don’t underestimate humans’ ability to one up technology…There are areas where humans can beat machines. In the future, there will likely be an increasing premium for jobs within occupational groups that require social intelligence, creativity and complex problem solving as opposed to repetitive, low dexterity skills. For instance, an event planner requires more social intelligence than a dishwasher in hospitality, fashion designers require more creativity than a seamstress in apparel… A […]

Americans — Especially Democrats, High Earners and the Highly Educated — Are Warming Up to Automation

Americans — Especially Democrats, High Earners and the Highly Educated — Are Warming Up to Automation

The pandemic has ushered in an unintended consequence for workers across the country: an expedited timeline for more widespread adoption of automation. To account for the possibility of sick workers, companies have made investments in robotics and artificial intelligence .

This trend is something Americans are increasingly likely to embrace, new polling indicates.

A Morning Consult survey conducted May 25-29 among 2,199 U.S. adults found that the public has slightly warmed to the notion that automation will increase job opportunities, with Democrats, those making more than $100,000 annually and people with graduate degrees fueling that movement.One in 4 respondents in the […]

Progress has blue-collar jobs in the crosshairs

Progress has blue-collar jobs in the crosshairs

CEO Trac Staffing "The Boy Who Cried Wolf," a classic Aesop fable, is the story is of a young boy who was put in charge of watching over the village’s flock of sheep – an important job. Out of sheer boredom, he decided to generate some excitement and ran to falsely alert the adults in the village, "There’s a wolf!" The villagers ran to protect the flock, only to find the boy bent over in laughter because they had fallen for his prank. After realizing the level of excitement that his claim caused, he again ran into the village […]

Businesses struggling for staff ‘may turn to automation instead’

Businesses struggling for staff 'may turn to automation instead'

Food Delivery Robots Take to the Streets

Kiwibot brings a new semi-autonomous robot food delivery service to south Florida.

A global trend of human labour being replaced by automation has been accelerated in New Zealand by Covid-19, experts say – but it doesn’t mean you’ll be out of a job.“It is not a case of if this will happen, but when,” said Garry Green, founder of AI automation service Quanton.“The pressures of Covid have stifled the flow of labour into New Zealand, as a result most businesses are struggling to get enough talent,” said Green.The talent drought is a crisis for […]

Job Loss In Indian IT Firms: 30 Lakh Employees Will Lose Their Jobs By 2022 [REPORT]

Job Loss In Indian IT Firms: 30 Lakh Employees Will Lose Their Jobs By 2022 [REPORT]

If you are working in an IT company in India, this may sound as a warning bells. It is high time to sharpen your skill set, failing to which you may end up losing your job.

Neatly 30 lakh IT professionals in India will lose their job by 2022 due to the increasing automation companies nowadays are bullish about. According to a recently published Nasscom report , companies across all sectors are actively upgrading themselves to optimise their operations to reduce their production cost and increase their profit margins. As result, automation is taking place at a much faster rate […]

How automation led to stagnant wages and inequality

How automation led to stagnant wages and inequality

Automation technology has been the primary driver in U.S. income inequality over the past 40 years, according to a new paper by two prominent economists in the field.

Why it matters: Offshoring, the decline of unions, and corporate concentration have all played a part in widening the gap between lower-skilled and higher-skilled workers, but automation is the single most significant factor, and will likely grow even more important in the years ahead.

By the numbers: The real wages of low-education workers have declined significantly over the past four decades, with the real earnings of men who lack a high-school […]

The future of automation: Robots are coming, but they won’t take your job

The future of automation: Robots are coming, but they won’t take your job

At the start of the first Terminator movie, Sarah Connor, unknowingly the future mother of Earth’s resistance movement, is working as a waitress when Arnold Schwarzenegger’s Cyberdyne Systems Model 101 Terminator is sent back through time to kill her. But what if, instead of attempting to murder her, Skynet’s android assassin instead approached the owner of Big Jeff’s family restaurant, where Sarah worked, and offered to do her shifts for lower wages, while working faster and making fewer mistakes? The newly jobless Sarah, unable to support herself, drops out of college and decides that maybe starting a family in […]

How technology has become the backbone of the Indian BFSI industry

How technology has become the backbone of the Indian BFSI industry

Embracing advanced digital solutions and modernising banking infrastructure has become essential for banks to have an edge in the highly competitive BFSI industry.

The BFSI sector in India is rapidly changing for the better. With the evolution of innovative, new-age technologies like Artificial Intelligence (AI), Machine Learning (ML), and more, digital banking is climbing new heights.

We are witnessing a revolution in the fintech world that has transformed the banking industry into a far more efficient and profitable business. Many people are inclining towards digital interactions and transactions with their banks. The powerful digital software capable of facilitating smooth customer onboarding, […]