Tag: software

Automation to transform manufacturing employment landscape by 2034

Automation to transform manufacturing employment landscape by 2034

Over 60 per cent of Australia’s manufacturing jobs will potentially be impacted by automation technologies over the next 15 years, according to a new report.

Thirty per cent of existing manufacturing jobs will be totally automated and 33 per cent of jobs in the sector will be augmented by technological change by 2034, according to the report from the Australian Computer Society (ACS), the professional association for the nation’s technology sector, and Faethm, a software as a service artificial intelligence platform

The report, Technology Impacts on the Australian Workforce , also indicates that automation technology could add an additional 122,000 jobs […]

The future of global manufacturing

The future of global manufacturing

Today’s rapidly evolving manufacturing technologies including artificial intelligence, advanced robotics and the “internet of things”—often referred to as “Industry 4.0” technologies—are poised to reshape the global manufacturing landscape, with important consequences for the traditional role of manufacturing in economies’ structural transformation, growth, and job creation.

As we explore in our chapter in the just-published book “ Growth in a Time of Change ,” technology is changing the comparative advantages that drive competitiveness. Developing countries’ comparative advantage in low-skill, low-labor-cost production is at risk as routine low-skill tasks are increasingly automated. New technologies are demanding higher-level skills, raising the capital intensity […]

14 jobs that could be automated within the next decade

14 jobs that could be automated within the next decade

Automation is firmly established in the workplace, and many businesses have benefited greatly from this rapidly evolving technology. Tedious, repetitive tasks—such as data entry and scheduling—that once ate up valuable hours in an employee’s day can now be streamlined with the right automation processes.

Now that the business world has seen the power of automation, the question has become, “What’s next?” The members of Forbes Technology Council are constantly looking out for new tech trends, and they believe the next jobs to be impacted by automation might not be the ones people expect. 1. Reminders, Notifications And Reporting

I think […]

Digging deep

Digging deep

Digitalisation and automation will help with health and safety issues in South Africa’s mining industry. (Russell Scott, Tyrone Bradley/Red Bull Content Pool & Anglo American) “I don’t believe that robots are just going to eat up people’s jobs,” says University of Pretoria vice-chancellor Professor Tawana Kupe, quoted in a report by McKinsey & Company that will be referenced throughout this article. “Instead, there can be a complementary relationship. Technology can free people from routine, repetitive work and enable them to take on higher-level work, decision-making and critical thinking.”

During a panel titled Digitised Mining: The Rise of the Machines at […]

Technology – Reshaper of HR in 2020

Technology – Reshaper of HR in 2020

#MyNextCurve

If technology is going to be the fulcrum of change, how do we see this impacting human resource in 2020. In 2020 organizations will see an acceleration of trends that have defined the world of HR not just 2019 but over the last few years. The growing influence of technology, use of big data, coupled with Artificial Intelligence, Robotics and Machine Learning, will reshape the world of work, worker and industry. According to a report, the technology market that caters to HR function is expected to be worth $34 billion by the year 2021. Almost $3.6 billion worth […]

Here’s Why Automation is a Positive Turning Point for Accountants

Automation has entered in the accounting sector recently. The accounting sector has been stable for decades. With various technological developments in so many fields, there has not been much change in accounting.

However, with the introduction of automation, this sector is set to change completely. The employees face the main impact of any technological change. The impact faced by the accountants is going to humongous. In fact, the sector has already started speculating various changes that might happen.

What is automation? Automation is a technology that uses artificial intelligence to create software that can act like humans. Computers with the […]

The Future of Technological (Un)employment

The Future of Technological (Un)employment

February 24, 2020 – In this his latest email missive, Peter Diamandis shares thoughts on the future of employment and unemployment in the United States. He describes the current U.S. job market with unemployment under 4%, and 7.4 million job openings available for only 6 million looking for work. In the U.S., wage increases are rising faster than inflation and productivity with the average minimum wage now near $12 per hour. That’s not a living wage for most urban-dwelling Americans.

In Canada, the unemployment rate is nearing a historic low at 5.8% with more than 283,000 job openings […]

Will new technology have a positive impact on job creation?

Will new technology have a positive impact on job creation?

‘Some of the fastest growing job opportunities across all industries hold technology at their core’ The introduction of new technology is not only viewed as very positive by the majority of the C-suite, but it continues to be an important catalyst for job creation, skills development and staff retention, according to Nicole Gorton, Director of Robert Half Australia.

“While some existing job functions are likely to be reallocated to automated processes, particularly manual or back-end processing, candidates who adopt a mindset of constant learning and embrace the potential of new technologies will bolster their employment prospects and are primed to […]

Human impact: Role of workers with robotics

Human impact: Role of workers with robotics

A manufacturer that saves money on labor by using automation can increase investments and demand and create more opportunity for employment. Factory floor workers can manage tasks that require skills that automation cannot replicate, leading to further innovation. Courtesy: TM Robotics Not every food manufacturer is an automation convert, despite the opportunities. The food manufacturing industry tends to fall into two camps: Those who see automation as an opportunity to improve processes and a smaller minority who perceive it as a threat to business.

Considering the widespread data that proves the potential productivity rewards of automation, why are some manufacturers […]

Will Automation Lead to Mass Unemployment?

Will Automation Lead to Mass Unemployment?

Recent advancements in robotics and artificial intelligence have some experts worrying about the coming obsolescence of the human worker. Some are even calling for a universal basic income provided by the government for everyone, under the assumption that work will become scarce. But economists seem to have a pretty different view from the futurist and Silicon Valley types.

One of the reasons that economists are skeptical is because much of the fear that has recently been stoked in the media is familiar. Every few decades, predictions about the “end of work” have pervaded public discourse, and they’ve always been wrong. […]