By Patrick Simon et al
The next decade or two will likely bring about the biggest disruption to work and employment since the Industrial Revolution in the 19th century. In that era, machines replaced more than half of workers in some sectors during a span of only about 30 years.
This time around, the disruption could lead to even more dramatic consequences.… Executives say they’re unable to fill open positions that require skills in data science, digital technologies and advanced analytics. For the consumer packaged-goods (CPG) industry, the skill crunch is just around the corner, driven in part by the […]
Levitt had forecasted that the globalization will be a new commercial reality. I remember more than twenty years ago when I was preparing for my master’s study on globalisation and intercontinental cultural values, I was resisting the concept of globalisation because of what it might do for poor people, especially in third world countries.
Even when we check Theodore Levitt contributions — the first one who introduced the ‘Globalization’ concept in the 1980s — the American economist and a professor at the Harvard Business referred to Globalization at that time as a powerful force that drives the world towards a […]
(Bloomberg Opinion) — U.S. Commerce Secretary Wilbur Ross had a spectacularly insensitive reaction to China’s coronavirus epidemic during a recent interview:
I think it will help to accelerate the return of jobs to North America. Some to U.S. Probably some to Mexico as well…the fact is, it does give businesses yet another thing to consider when they go through their review of their supply chain.
This is a heartless thing to say at a time when thousands of Chinese people have been infected, and millions more are huddling indoors as disease spreads. But it’s also probably wrong on the merits. […]
Artificial Intelligence has been at the forefront of the technological revolution for many years now. Manufacturing, IT, health and other industries have been gripped by emerging technologies in automation.
While the advancement has brought a respite in terms of cost and time, it has also thrown plenty of challenges for humans to think about and tackle. One such challenge is AI tech usurping blue-collar workers from their jobs, taking complete control.
The onus is on humans. If we aren’t smart enough with automation, it will, in fact, overthrow humans. But if we are, it can a boon and offer solutions for […]
When the internet turned 50 last year, there was much to celebrate. It proved to be a powerful platform from which to mobilize millions to fight for racial, economic, and social justice, through movements such as Occupy Wall Street, the Arab Spring, and Black Lives Matter. It has also given us a million different ways to escape, chill out, and give ourselves a much-needed break—from cat videos to Cookie Clicker (where I have amassed more than 55 million cookies in just the past week alone).
But the anniversary also gives us a reason to reflect. Computing and the internet have […]
New technologies are expected to create more jobs in 2020, according to independent research by recruiter Robert Half.
While an earlier report by McKinsey & Company indicates that new technologies are expected to automate 25% to 46% of existing Australian workforce activities by 2030, the survey findings indicate that the rise of machines isn’t simply taking away jobs, but rather changing the definition of existing roles and creating new ones.
The survey also sheds light on the optimism of Australian business leaders about the impact of technology on job creation compared to their global counterparts.According to the Robert Half survey, almost […]
Representational image | Pixabay Of all the numerous kinds of employment discrimination, hiring younger workers in preference to older ones earns the least public condemnation. That’s a growing problem, not just because equality is increasingly prominent on the political agenda but because ageism makes less and less economic sense as birth rates go down and nations age.
Since 1950, the median age of the population has increased by 47% in Europe and by 29% in North America, and the trend isn’t about to change, according to the United Nations Population Division. In the coming decades, the UN expects Asia and […]
Blockchain, analytical thinking and cloud computing are the most sought after skills worldwide, according to LinkedIn, a professional networking site.
The social media platform said the rapid technological advances offer opportunities for professionals in the field of artificial intelligence and scientific computing.
And the massive spread of customer data drives demand for employees who can analyze and interpret tons of information.According to Sean Gallagher, director of the Swinburne University New Work Center, workers will need both technical expertise and strong interpersonal skills to be successful in their future jobs.“In order for workers to succeed in a digitally changing workplace, i.e. in […]
Difference engine According to one account in 2013, 47% of jobs in the USA risk being automated away within “a decade or two”. That prospect has been interpreted as utopia or as dystopia. The near future will be one of networked individuals freed from drudgery by automation, and able easily to get what they want to consume and to undermine all hierarchies. Or: only a techno-elite will retain employment and wages. The rest of us will be reduced to a new pauper class vegetating on “universal basic income” handouts.
Further research has queried the projections. Many tasks can be automated, […]
Does life imitate art? There are several movies that have possibly provided a glimpse of what might end up happening in the future world. They all deal with AI (Artificial Intelligence) and/or Robotics. The movies are categorized as science fiction, but as we watch what’s happening around the world, they could conceivably be called “science faction.”
The Matrix franchise posits that we live in a simulated universe wherein machines in the future have taken over the world. The “chosen one,” played by Keanu Reeves, fights against this future. There are at least three Matrix movies with a fourth one in […]