Here’s how automation and job creation can go hand in hand

Here’s how automation and job creation can go hand in hand

(Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum .

Author: Revathi Advaithi, Chief Executive Officer, Flex The real impact of automation depends on how we manage the transition.

Our responsibility is not to protect the jobs that machines can do better, but to prepare the labor force for the kind of work that is likely to be required. We must invest in people by providing training they need to succeed in this new landscape. We are often told that millions of jobs will be lost […]

Here’s how automation and job creation can go hand in hand

Here's how automation and job creation can go hand in hand

An employee at the Flex factory in Tcew, Poland. To realize the potential benefits of automation, public and private sectors must collaborate The Big Picture

Crowdsource Innovation The real impact of automation depends on how we manage the transition.

Our responsibility is not to protect the jobs that machines can do better, but to prepare the labor force for the kind of work that is likely to be required. We must invest in people by providing training they need to succeed in this new landscape. We are often told that millions of jobs will be lost to automation […]

Black Americans Must Make Necessary Shifts Regarding Sustainable Employment

Black Americans Must Make Necessary Shifts Regarding Sustainable Employment

Photos: YouTube
In July 2021, BlackEconomics.org released a Report Brief entitled “Black American Employment Representativeness.” We revisit that Report Brief here because the need to sound the alarm for Black labor is even more urgent today.

In addressing Black America’s employment representativeness, we focused on US Department of Labor, Bureau of Labor Statistics (BLS) statistics on employment by industry by race/ethnicity. Related data on employment by occupation by race/ethnicity are similar but provide additional clarity.[1]
It is common knowledge that Black American workers are underrepresented in many important professional and technical fields. Therefore, we will devote our attention here to Black […]

In 2023, mechanical engineering education will take a new turn as automation and robotics combine

In 2023, mechanical engineering education will take a new turn as automation and robotics combine

in 2023, mechanical engineering education will take a new turn as automation and robotics combine 1 In 2023, mechanical engineering education will take a new turn as automation and robotics combine

The field of mechanical engineering became more established as a means of creating, managing, and maintaining equipment throughout the first two industrial revolutions. In general, its core field of knowledge expanded to encompass manufacturing, materials, mechanics, thermodynamics, fluid mechanics, and machine design. It is both the forerunner and the recipient of other engineering forms. They will keep enriching it by coming up with, designing, constructing, and operating […]

Mechanization, Automation and the Labor Market

Abstract

What is the future of human work? Will robots take all our jobs? The hardware–software framework organizes the past evidence on long-run employment trends and offers interesting predictions for the future. The key dichotomy present in the framework underscores that very different implications should be expected whether machines replace human brawn (hardware) or brains (software), i.e., whether we are discussing mechanization of physical tasks or automation of cognitive tasks. Given that modern production processes are highly complex, it is also important whether automation is partial or full. Under partial automation, essential non-automated cognitive tasks are becoming scarce, boosting […]

Exclusive Interview with Dr. Debashis Guha, Director, MAIB, and Chair, CRTIB at SP Jain School of Global Management

Exclusive Interview with Dr. Debashis Guha, Director, MAIB, and Chair, CRTIB at SP Jain School of Global Management

Artificial intelligence perceived as the second coming of technology has more to offer than what appears on the surface. Tech-savvy businesses are slowly warming up to this idea and discovering the wider application window which AI and the associated technologies offer. However, with a shortage of expertise, most companies find themselves lagging in the seamless adoption of AI. SP Jain School of Global Management offers a 2-year full-time interdisciplinary program in artificial intelligence that also trains the students in applying AI to the real-world economy and business problems. Analytics Insight has engaged in an exclusive interview with Dr. Debashis […]

Top Artificial Intelligence (AI) Books to Read in 2022-2023

The ability of a machine to reason, learn, and solve problems in the same ways that people do constitutes artificial intelligence. The beautiful thing about artificial intelligence is that you can construct a computer with pre-programmed algorithms that can function with its own intelligence, so you don’t need to pre-program a machine to perform something. Here are a few examples of AI that we experience frequently: Self -Driving cars

Digital Assistants like Google Assistant and Siri

Movie recommendations systems Smart farming Face recognition One of the most frequently used buzzwords in technology today is artificial intelligence. We’re learning more […]

Delivering the US manufacturing renaissance

US manufacturing may be poised for an overhaul and a rebound, with a potentially significant impact on the nation’s overall economy. In the United States, manufacturing accounts for $2.3 trillion in GDP, employs 12 million people, and supports hundreds of local economies. Although that represents just 11 percent of US GDP and 8 percent of direct employment, the sector makes a disproportionate economic contribution, including 20 percent of the nation’s capital investment, 35 percent of productivity growth, 60 percent of exports, and 70 percent of business R&D spending (Exhibit 1). 1

In recent decades, the United States has seemed […]

The future of work 3 – automation

The future of work 3 – automation

In this third part of my series on the future of work, I want to deal with the impact of automation, in particular robots and artificial intelligence (AI) on jobs. I have covered this issue of the relationship between human labour and machines before, including robots and AI. But is there anything new that we can find after the COVID slump?

The leading American mainstream expert on the impact of automation on future jobs is Daron Acemoglu, Institute Professor at MIT. In testimony to the US Congress, Acemoglu started by reminding Congress that automation was not a recent phenomenon. The […]

Career in Robotic Process Automation (RPA)

RPA offers scope for those interested in advanced technology and working with Artificial Intelligence. | Photo Credit: Freepik Robotic Process Automation is an advanced career option that is soon going to become the need of the hour.

Robotic Process Automation (RPA) is a gateway to a new world. This is a software programme that makes it simple to create, deploy, and manage software robots that mimic human interactions with digital hardware and technologies. These software robots can perform nearly all of the tasks that people can, more efficiently in many cases.

In a world where companies across industries are […]