Tag: software

Automation will lead the next U.S. manufacturing boom

Automation will lead the next U.S. manufacturing boom

Last month, hot on the heels of his inauguration as the 46th President of the United States, Joe Biden announced his plans to strengthen the U.S. manufacturing sector in the midst of the worst economic downturn since the Great Depression. Dubbed the “Made in America” executive order, it outlines the various ways Biden intends to fuel economic recovery in the wake of the pandemic, including investing $300 billion in R&D and advanced technology, while creating a whopping 5 million jobs in manufacturing. To many, these two things may seem at odds with one another, considering the anti-human reputation that […]

Is Automation Improving the Employee Experience?

Is Automation Improving the Employee Experience?

shutterstock_635324807 (1) Figures alone are incapable of telling the full story of automation. It’s made up of nuances and exceptions, like what type of jobs will need replacement, and how soon. Industry demands, employee skill level, job training, and resource redeployment can vary the outcome. Is it possible for automation to go too far—to render employees obsolete?

Automation has no universal effect, but it does have a measurable one. This is evidenced by MIT Researcher Daron Acemoglu and Pascual Restrepo of Boston University. Their study observed how robotic automation impacts job reduction. The researchers found that the introduction of one […]

How AI Affects Employment

How AI Affects Employment

AI’s effect on employment will be similar to the effect of spreadsheets on the finance industry. AI can get a bad rap. The idea that artificial intelligence can automate work naturally raises the question, “Well, what happens to the people who were doing that work?” While that is a valid question, most of this generation of artificial intelligence—the kind I focus on investing in—could actually improve jobs and even can increase employment.

Most AI today is mental automation, the speeding up of mundane tasks of thought. Given the fact that most thought work is now done with computers, thought work […]

Driverless Cars – How Do They Function and Pros and Cons

Driverless Cars – How Do They Function and Pros and Cons

What are driverless cars?

Transportation has always been one of the biggest human concerns to perform any task. For that matter the introduction of Driverless cars was revolutionary. Driverless cars are also known as autonomous cars are cars that run without drivers. They have built-in sensors and a navigation system for driving on their own.

They come up with modern technology of self automation to work on their own. In that way, they cater to the needs of modern technology and provide rides without the need of any driver.Driverless cars have a proper system installed in them, which makes them […]

Is Automation Improving the Employee Experience?

Is Automation Improving the Employee Experience?

Figures alone are incapable of telling the full story of automation. It’s made up of nuances and exceptions, like what type of jobs will need replacement, and how soon. Industry demands, employee skill level, job training, and resource redeployment can vary the outcome. Is it possible for automation to go too far—to render employees obsolete?

Automation has no universal effect but it does have a measurable one. This is evidenced by MIT Researcher Daron Acemoglu and Pascual Restrepo of Boston University. Their study observed how robotic automation impacts job reduction. The researchers found that the introduction of one robot per […]

How I Learned To Stop Worrying And Love AI

How I Learned To Stop Worrying And Love AI

BARCELONA, CATALONIA, SPAIN – 2019/02/27: The humanoid robot Pepper of the American company … [+] The machines are rising! Robots are stealing our jobs! AI is making us obsolete! Maybe it’s inherited trauma from the Industrial Revolution, but in recent years people’s concerns about artificial intelligence have heightened, especially anxiety that the technology will replace human workers throughout the economy. It was even the basis of one 2020 presidential candidate’s campaign. Well, I bring a message of optimism. While AI will dramatically transform how work is done and who does it, its overall impact won’t be to displace humans […]

Give Workers a Fighting Chance

Give Workers a Fighting Chance

At a time when businesses are awash in technologies capable of replacing human labor, the US tax code is encouraging them to embrace excessive levels of automation – even to the point where it is no longer efficient to do so. Rarely before has the deck been stacked so fully against workers.

CAMBRIDGE – The first months of US President Joe Biden’s administration will be defined by the efforts to contain COVID-19 and deliver vaccinations on a mass scale. Over the medium term, however, the economy will determine the administration’s success. Here, Biden has indicated that tax reform will be […]

The Possibility Of A Dark, Frightening Side To The Future Of Work

The Possibility Of A Dark, Frightening Side To The Future Of Work

getty There could be a dark side to the future of work. The adverse effects of the pandemic may restructure society—and not in the way we want. The rich will get richer and the middle class and poor will face grave financial and career challenges.

We’ll see the emergence of tech-savvy, Orwellian corporations spying on you. There’s a strong possibility that we’re fast heading toward a new medieval feudalistic society, as people will be thrusted unwillingly into the gig economy, contract work and forced into retirement—due to lack of alternatives. Workers will need to cope with chronic underemployment and unemployment. […]

Will Budget 2021 spur job creation in India?

Will Budget 2021 spur job creation in India?

Representational image | Shutterstock Finance Minister Nirmala Sitharaman has stressed that the 2021 Budget will help India emerge as the engine for global growth. For this, job creation will be crucial, as the economy struggles to revive itself post the COVID-19 pandemic.

One litmus test for this budget will be whether it can benefit the sectors that will boost job creation and help India achieve its dream of becoming a $5 trillion economy.

India’s economic recovery will be defined by its expenditure and investment in youth—who will need re-skilling, up-skilling and new-skilling to compete in the new normal. The sectors expected […]

Digital Workforce from Blue Prism Helps Charity to Focus on What Really Matters

Digital Workforce from Blue Prism Helps Charity to Focus on What Really Matters

LONDON, Jan. 26, 2021 /PRNewswire/ — Blue Prism’s intelligent automation technology is being embraced by Mencap, the UK’s leading learning disability charity, who are one of the world’s first not for profit organizations to use robotic process automation (RPA) technology to work smarter, faster and more efficiently than ever – without using additional resources. mencap The Covid-19 pandemic has proved difficult for everyone, but people with a learning disability have been one group who have been hit hardest. It’s increasingly important that the charity is able to work efficiently to provide the best possible support for the 1.5 million […]