Tag: Technical

Explained: How skilling can offset automation threat

Explained: How skilling can offset automation threat

To address labour market challenges, economists have mooted solutions such as skilling and training, taxation policies, social safety nets. Sitakanta Panda

AI, robotics and Big Data are the facets of the digital revolution in which automation is the central theme. There are many aspects to the phenomenon, which most people perceive as a problem. When seen as a problem, there are many aspects to it too. For instance, on social media platforms like Twitter, “bots” are used to inflate the numbers of followers of celebrities or politicians, and also for trolling. Automation and digital revolution has led to anxiety […]

Is Artificial Intelligence a threat to your Job?

Is Artificial Intelligence a threat to your Job?

New technologies bring innovations, in business, and change the course of the work being done. But does a technical revolution bring shift in employment patterns too?

The Industrial Revolution which began in the 18th century was a transition to new manufacturing processes characterised by new inventions. The industrial revolution effectively increased the output levels and also saw improved systems of transportation, communication and banking. But the Industrial Revolution also took some key sacrifices, the change destroyed traditional jobs, but it also created new ones. The technology of the Industrial Revolution helped in discoveries of the modern industrial marvels and gave […]

The Impact of Technology on East Asian Economic Prospects

The Impact of Technology on East Asian Economic Prospects

Technology As ASEAN+3 economies pursue growth and resilience a decade after the onset of the global financial crisis, one question looms large: Is technology a boon or bane for these states?

The most advanced economies, such as Japan, Korea, and Singapore, are better-positioned than the rest of the region to face the challenges posed by technology. However, the impact of technology on growth and employment does not materialize in isolation. Rather, it manifests itself in interactions with ongoing changes in the nature of cross-border production and trade and shifts in demographics.

The technology-related challenges that emerge for economies across the region […]

Reinventing Rwandan Industries: It’s All about Competitiveness!

Reinventing Rwandan Industries: It’s All about Competitiveness!

The Fourth Industrial Revolution, or Industry 4.0 if you will, is here. Buzzwords such as block chain, artificial intelligence and robotics are smart technologies changing the face of industrial processes and production globally.

The question is, how are African countries positioning themselves to harness the opportunities and benefits of acquiring and adapting new technologies into their production processes? Kampeta Sayinzoga Rwanda understands the urgency and speed of this technological age, and that the only path to industrial growth is through development and integration of science, technology and innovation into enterprises.

This is evidenced in Rwanda’s Vision 2050 and the 7 Year […]

Zoe Clapp: AI will not replace us, it will allow us to focus on what matters

Zoe Clapp: AI will not replace us, it will allow us to focus on what matters

I visited the ‘Age of Amazement’ TED conference in Vancouver earlier this year. The conference sees influential thinkers and investors gather in Vancouver to speculate on the future and share thoughts on things that seem right at the edge of current possibility.

Speakers included Kai-Fu Lee, president of Google in China until 2009 and now a venture capitalist. Lee predicted half of all jobs worldwide will be “lost to AI” in the next decade. But he didn’t paint this as a jobs crisis. Instead he views it as a way to secure a better future where people enjoy rewarding jobs […]

Future of Work and Automation

Future of Work and Automation

During the last 10 years, our lifestyle has changed massively thanks to advances in the technological industry. Nowadays, we use automation – technology by which a process or procedure is performed without human assistance. It operates equipments such as computers, telephone networks, aircrafts and so much more. The question is : How will automation change in the future of work?

With today’s technology, roughly half of the tasks that people do today can be automated, but only 5% of all jobs can be entirely automated. An important finding is that even if all occupations are not fully automated, […]

Economists worry we aren’t prepared for the fallout from automation

Economists worry we aren’t prepared for the fallout from automation

Are we focusing too much on analyzing exactly how many jobs could be destroyed by the coming wave of automation, and not enough on how to actually fix the problem? That’s one conclusion in a new paper on the potential affects of robotics and AI on global labor markets from US think tank, the Center for Global Development (CGD).

The paper’s authors, Lukas Schlogl and Andy Sumner, say it’s impossible to know exactly how many jobs will be destroyed or disrupted by new technology. But, they add, it’s fairly certain there’s going to be significant effects — especially in developing […]

Automation vs jobs

Brown published: Automation vs. Sep 15, 2017 · The fear of robots replacing jobs is real — consider self-checkout kiosks and self-driving trucks. Experience strongly influences income for this job. S. Jobs. com/cgpgrey ## Robots, EtcStudents searching for Automation Technician: Job Description, Duties and Requirements found the links, articles, and information on this page helpful. Salary Comparisons: Which profession earns more software testing Test Automation YouWorth allows anyone to import LinkedIn skills and track their job …Since the turn of the century, the global recession has affected most businesses, including industrial automation. The skills that increase pay for this […]

McKinsey – the digital skills gap will get worse as cognitive automation intensifies

McKinsey – the digital skills gap will get worse as cognitive automation intensifies

I’ve been making fun of the periodic “IT skills crisis” proclamations long before we launched diginomica five years ago.

After a couple of decades, shouldn’t the sensationalism of a perpetual skills “crisis” give way to a more sober outlook? I’m cynical about the “crisis” language for two reasons: It fosters a misleading optimism for job seekers, who assume that investing in technical certifications will lead to immediate employment. Bottom-feeding pseudo-training companies exploit this hope.

The skills “crisis” is usually accompanied by proclamations from companies about talent shortages, when in fact the real problem is a lack of imagination in skills […]

Automation and Jobs: When Technology Boosts Employment

47 Pages Posted: 18 Mar 2017 Last revised: 28 Mar 2018 Abstract

Do industries shed jobs when they adopt new labor-saving technologies? Sometimes productivity-enhancing technology increases industry employment instead. In manufacturing, jobs grew along with productivity for a century or more; only later did productivity gains bring declining employment. What changed? Markets became saturated. While the literature on structural change provides reasons for the decline in the manufacturing share of employment, few papers can explain both the rise and subsequent fall. Using two centuries of data, a simple model of demand accurately explains the rise and fall of employment […]