New York’s economy is in flux. The past decade has seen a continued decline in manufacturing employment and uncertainty in the retail sector, combined with strong job growth in hospitality, health care , construction and tech . The questions are whether public and private institutions have adjusted to these changes, and whether city residents have the skills that fit the positions the economy is creating.
"The rapidly transforming labor market of the 21st century is making obsolete traditional ways of training and educating," the Center for an Urban Future, a leading think tank, warned in a 2016 report. Of particular […]
Is your job in danger of becoming obsolete? If it’s on this list, you’re at risk—no matter how good you are at it.
In an interview with 60 Minutes , artificial intelligence expert and venture capitalist Kai-Fu Lee predicted that 40 percent of the world’s jobs will be replaced by robots in the next 15 to 25 years. As AI progresses, warns an Oxford study , it is inevitable that large sectors of the workforce will face mass unemployment, mainly in jobs that involve manual or repetitious labor.
Peter C. Earle, a research fellow at the Institute for Economic Research […]
The rise of artificial intelligence (AI) means that future in-demand skills will be decreasingly technical and increasingly emotive, creating a “feeling economy”, according to research.
In a paper published today in the journal California Management Review , an international team of researchers from the University of Maryland and National Taiwan University reviewed ten years of data on millions of US workers from the US Department of Labor.
They identified a significant shift between 2006 to 2016 towards tasks that required greater emotional intelligence, a move they attribute to increasing automation of more technical and repetitive tasks.They predict that as AI becomes […]
Robot tersebut dirancang untuk bernavigasi dan bergerak secara otomatis mengikuti sebuah alur garis yang dibuat. Thus, it has become very important to know each new technical term in depth. The Fourth Industrial Revolution is based on the same two forces. 75 billion by 2024, at a CAGR of 12. Robots with. In theory, robots can directly displace workers from performing specific tasks (displacement effect). Leverage your technology investments today (781) 471-1000. Arora PDF Online. 1 Era of Industrial Robots Devol’s industrial robots have their origins in two preceding technologies: numerical control for machine tools, and remote manipulation. What people […]
By Mark Howard, US Country Manager, EU Automation
Surpassing all expectations, the Federal Reserve announced a rise in the US manufacturing production index of 0.5 per cent in August 2019. This development allows us to reconsider our understanding of the American manufacturing industry in comparison with Asian competitors. This article discusses the potential long term upswing of US manufacturing and how to achieve it.
In 2018 the Brooking Institute found that 20 per cent of global manufacturing came from China, with the US coming in a close second with 18 per cent. This classification has remained entrenched in the world […]
Summary: A recent New York Times article focused on fears of a big tech monopoly over AI technology and research. Severe debunkery ensues… A recent New York Times article fretting about the soaring costs of developing and training leading-edge deep learning models and my admittedly provocative Tweet questioning the premise and motives of the article’s sources led to the type of online banter that indicates a nuanced question ill-suited for pithy Twitter responses.
Fears of AI creating a chasm between haves and have-nots are common, however the topic of AI-fueled inequality typically centers on its economic effects, namely that the […]
Thirty years ago, “cloud engineer” would have been a pretty good slang term for an airline pilot. Thanks to the growing reach of the Internet, though, it’s now a job in its own right, just like “chatbot designer,” “social media manager,” and “database architect.” Technological advances like artificial intelligence and the Internet of Things are creating a wealth of new jobs that we never saw coming, but if you’re a food service worker or nuclear power reactor operator , you should probably start updating your resume.
Automation and connected devices are coming for high- and low-skill jobs alike, and many […]
Robots a Threat to British workers – why? More than ten million United Kingdom staff square measure at high risk of being replaced by robots among fifteen years because the automation of routine tasks gathers pace in an exceedingly new machine age.
A report by the practice firm PwC found that half-hour of jobs in GB was probably below threat from breakthroughs in computer science (AI). In some sectors, half the jobs could go.
The report aforesaid the largest impact would air staff World Health Organization had left college with GCSEs or lower, and that there was an argument for government […]
By Samantha Cummins-Byrne, Universal Robots
As Richard Bruton, Minister for Jobs, Enterprise and Innovation makes clear in his foreword to the ‘Making it in Ireland: Manufacturing 2020’ report, Ireland is a proud manufacturing nation. The sector contributes 25% of GDP, employs 205,700 people directly and 400,000 people across all skill levels when indirect employment is taken into account.
It may come as a surprise then that Ireland is falling well behind its European counterparts in the automation race. In terms of robot density, Europe has the highest level worldwide, with the manufacturing industry comprising over 105 robots per 10,000 employees. […]
While small and medium business (SMB) owners in West Africa have seen the terms, ‘Fourth Industrial Revolution’ and ‘Industry 4.0’, or ‘4IR’ in the headlines and on the Internet, many assume that this trend will only affect larger businesses. Nothing could be further from the truth – the next wave of digital technology will be as meaningful and important to SMBs as the mobile phone and the Internet.
Let’s quickly recap what the history of the other three industrial revolutions before looking at the fourth: The first industrial revolution in around 1785 was about using steam- and water-powered machines to […]