Tag: Technical

The robots are coming for our jobs but Deloitte’s COO doesn’t think it’s that scary

The robots are coming for our jobs but Deloitte's COO doesn't think it's that scary

Herwig Prammer/Reuters The robots are coming for our jobs.

As reported by Business Insider’s Elena Holodny , 47% of total US employment is at high risk of automation in the next ten to twenty years, according to an Oxford report .

To be sure, that doesn’t mean that those jobs will definitely be automated.A top executive at Deloitte Touche Tohmatsu Limited, or Deloitte as it is commonly called, thinks the coming wave of automation is not something people should fear.Frank Friedman is the global chief operating officer of the 172-year-old financial firm known for its audit and consulting services. In his […]

Labor Markets in the Age of Automation

Labor Markets in the Age of Automation

BERKELEY – Advances in artificial intelligence and robotics are powering a new wave of automation, with machines matching or outperforming humans in a fast-growing range of tasks, including some that require complex cognitive capabilities and advanced degrees. This process has outpaced the expectations of experts; not surprisingly, its possible adverse effects on both the quantity and quality of employment have raised serious concerns.

To listen to President Donald Trump’s administration, one might think that trade remains the primary reason for the loss of manufacturing jobs in the United States. Trump’s treasury secretary, Steven Mnuchin, has declared that the possible technological […]

Robot versus human in investment industry

Robot versus human in investment industry

Automation trend: the role of robots in the investment industrywas discussed at the CFA Conference in Philadelphia

“Everyone has a plan ‘till they get punched in the mouth.” – Mike Tyson

I’m back from what was an excellent conference in Philadelphia, the home of Rocky. Like Rocky’s epic battles and fights, the CFA conference offered up a few great matches that permeated the entire conference. I’ll discuss two. In fight one, the robots squared off against the humans. In the second bout, it was passive versus active management.Robot versus humanThe concept of automation and artificial intelligence integration within the […]

Visualizing the Jobs Lost to Automation

Visualizing the Jobs Lost to Automation

Visualizing the Jobs Lost to Automation

The employment landscape of the future will look very different than it does today.

While we’ve charted the automation potential of U.S. jobs before, today’s graphic from Henrik Lindberg perhaps tells the story more succinctly.In plain black and white, it shows the jobs that exist today in contrast to the jobs that are expected to disappear as a result of automation in the workplace. Though, technically speaking, it is applying the probabilities of the widely-cited Frey & Osborne (2013) study to U.S. jobs as of 2016 to give an expected value to each job […]

Visualizing The Jobs Lost To Automation

Visualizing The Jobs Lost To Automation

The employment landscape of the future will look very different than it does today.

(Click on image to enlarge) While we’ve charted the automation potential of U.S. jobs before, today’s graphic from Henrik Lindberg perhaps tells the story more succinctly. In plain black and white, it shows the jobs that exist today in contrast to the jobs that are expected to disappear as a result of automation in the workplace. Though, technically speaking, it is applying the probabilities of the widely-cited Frey & Osborne (2013) study to U.S. jobs as of 2016 to give an expected value to each […]

Will AI Enhance Jobs, or Destroy Them?

Will AI Enhance Jobs, or Destroy Them?

Technology has long been seen as a threat to jobs. But when employees were asked about it, they disagreed with long held assumptions. Here’s why. May 25, 2017 – For all the fear that artificial intelligence will displace workers, a new report has shown that high numbers of employees believe it will actually help rather than hurt their future prospects. Forty eight percent of U.K. business leaders surveyed for the study said that AI is likely to benefit them by bringing more flexibility to their work.

The staffing firm Adecco polled more than 1,000 board and senior level employees for […]

NONFICTION | Software developer argues robots will impact economy

Bob Funk
Contributing writer

For those who worry about the future for their loved ones, and others in general, add another dire prediction to the menu of impending disasters looming over the horizon.
In addition to global warming and natural resource depletion, a crushing national debt, and an arc of political, economic, and social instability across Africa and the Middle East and its causal relationship to global terrorism, now add the rise of robots.Anyone concerned with the future of employment and work should read “The Rise of Robots: Technology and the Threat of a Jobless Future,” written by Martin Ford, a […]

Automation and globalisation is leading to a shift in demand for skills

Automation and globalisation is leading to a shift in demand for skills

A new Deloitte Access Economics report, commissioned by Deakin University’s DeakinCo , has predicted automation, globalisation and demographic shifts would lead to soft skill-intensive occupations increasing at 2½ times the rate of other jobs, to account for 63 per cent of all jobs in 2030, up from half in 2000.

According to the Soft Skills for Business Success report, the skills most sought by employers were communication (cited in 71 per cent of job ads), digital skills (26 per cent), critical thinking (25 per cent), self-management (20 per cent) and problem-solving (19 per cent).

DeakinCo. chief executive Simon Hann said the […]

Job automation threatens employment opportunities

Job automation threatens employment opportunities

Future jobs will be replaced with proliferation of artificial intelligence and robotics. | Tim Seeberger/THE CHIMES While President Donald Trump has worked on keeping American factories alive by rewriting trade deals, taxing imports and removing regulations, a greater risk to the loss of jobs lies ahead. The automation of jobs has been a threat on the horizon for years. 38 percent of jobs in the U.S. are at high risk of being replaced by robots and artificial intelligence over the next 15 years, according to a report by PricewaterhouseCoopers . Many manufacturing and warehouse jobs have been taken over […]

These 10 cities will lose the most jobs to automation

These 10 cities will lose the most jobs to automation

Story Source Image: ISEA

Low-wage cities such as Las Vegas, Orlando, and El Paso will be hit the hardest by job automation, according to a recent report from the Institute for Spatial Economic Analysis (ISEA). And the impact of automation on job losses is likely to be more severe than previously predicted, the report stated: Due to advances in machine learning and mobile robotics, jobs such as truck driving, healthcare diagnostics, and education are more likely to be affected.

“The replacement of jobs by machines has been happening continuously since the Industrial Revolution, but it’s expected to significantly accelerate in the […]