According to the WEF, there is still a gap between education and capacity needs, as technology continues to transform the demands and competencies in existing jobs. (Shutterstock/File)
A strong combination of both soft and hard skills are being sought by companies in 2019, with creativity sitting at the top of the list, according to a recent report.
An analysis by LinkedIn that was published in the report "Future of Jobs" by the World Economic Forum (WEF) concluded that "human" skills, such as originality, initiative and critical thinking, are very much needed as technology continues to advance and automation grows."Strengthening soft skills […]
Robots are progressively taking over the manufacturing duties of humans. Automation is great for profits and productivity. However, there is concern that by the middle of this century, most people might not have a job. There are concerns that robot workers are replacing human jobs. It is a rational thing to worry about given the rise of automated solutions to many tasks traditionally carried out by humans, such as self-driving vehicles, AI customer service bots and robots doing manufacturing duties.
However, according to a recent report by ManpowerGroup titled “Humans Wanted: Robots Need You” , the actual impact automation is […]
The final version of the World Development Report (WDR) 2019 of the World Bank released at the end of November 2018 landed like a bombshell. It was a powerful refutation of the World Bank’s own 2016 WDR, which declared that the proportion of jobs threatened by automation was 69 per cent in India and 77 per cent in China. With such startling figures, the 2016 WDR figures stunned not only India but the entire world.
True, automation based on interrelated processes of robotics, artificial intelligence (AI), internet of things (IoT) – with some secondary processes like 3D printing in manufacturing […]
The lift-operator is a peculiar person. He sits on a stool inside a small, claustrophobic space. In the olden days his job required quite a few skills. Back then, lifts were manually operated with a large lever, and it was the responsibility of the lift-operator to regulate the speed of the lift. His task also involved synchronising his timing in order to make sure that the lift always stopped parallel to the floor. It was almost as exciting as landing an aeroplane. However, nowadays most lifts can be operated by the user with the mere push of a button. […]
More employers than ever before (87%) will either increase or maintain their workforce numbers this year because of automation, according to a ManpowerGroup report released on Friday. The report surveyed 19,000 employers across 44 countries, assessing the effects of automation on job growth in the next couple years.
Robots replacing human jobs remains a top concern in the workforce, as automated systems are able to complete manual tasks at a much faster rate than humans. Instead of eliminating or reducing employment opportunities, robots will actually cause organizations to create new jobs, the report found. Other research has come to the […]
Automation has frightened workers for over a century. Ever since the dawn of the industrial revolution, workers have feared machines may replace all human work. Mechanical muscles worked faster, stronger and tirelessly to reduce jobs, and led to efficiently cheap abundance.
However, these machines were dull, towering behemoths that could only perform simple and repetitive tasks in manufacturing or resource production. While many scholars scoff at the idea of not having a job in the future, do not be too quick to mistake this as the same situation. Technology and the internet are now involved in every facet of our […]
Workplace automation, including the use of artificial intelligence (AI) and robotics, is on the rise. (AFP) A prominent Chinese venture capitalist, Kai-Fu Lee, has been proselytizing for the advancement of artificial intelligence for some time. He is the chief executive of an influential investment firm called Sinovation Ventures based in Beijing that specializes in artificial intelligence, also known as AI, and as such he has an interest in promoting the idea that it will change our world. However, he may end up scaring us more than astonishing us. You see, Lee now claims that up to 40 percent of […]
Walmart will open a 340,000-square-foot consolidation center in Colton in July. The facility will initially employ 150 workers, the retailer said, but that is expected to exceed 600 by 2021. (Photo courtesy of Walmart) A Walmart supply chain first is coming to Colton.
The mega-retailer plans to open a 340,000-square-foot consolidation center at 1600 Agua Mansa Road in July. Using automated technology, it will be the company’s first consolidation facility to receive, sort and ship freight. The technology will allow three to four times more volume in the flow of merchandise, resulting in more nimble and flexible product fulfillment, the […]
George Jetson at work NOTE: This is an excerpt of Planet Money’s newsletter. You can sign up here .
Two weeks ago, MIT’s David Autor gave the prestigious Richard T. Ely lecture at the annual meeting of American economists in Atlanta. Introduced by the former chair of the Federal Reserve Ben Bernanke as a "first-class thinker" who was doing "path-breaking" work on the central economic issues of automation , globalization , and inequality , Autor strolled up to the microphone with a big smile. His talk was about the past and future of work, and he focused especially on […]
HUMANOID: The robot is designed for heavy lifting and to replace humans Advanced Industrial Science and Technology (AIST) has developed a humanoid robot prototype called HRP-5P, which is capable of heavy lifting.
It is intended to autonomously perform heavy labour or work in hazardous environments, its intelligence comprises environmental measurement and object recognition, full-body motion planning and control.
AIST claims: "The use of HRP-5P will accelerate R&D toward practical application of humanoid robots at building construction sites and in assembly of large structures."The news comes after figures from the Department for Work and Pensions estimated that nearly nine million jobs could […]