Tag: Technology

What will artificial intelligence mean for your pay?

What will artificial intelligence mean for your pay?

New AI seems better at coding and creativity than anything in the physical world, suggesting low-skilled jobs may be insulated. (Image: Pixabay) Summary

A dispatch from industries on the front line of economic transformation

Around a decade ago Carl Benedikt Frey and Michael Osborne, two economists, published a paper that went viral. It argued that 47% of American jobs were at risk of automation. A deluge of research followed, which suggested the poorest and least-educated workers were most vulnerable to the coming revolution. Such fears have intensified as artificial-intelligence (AI) capabilities have leapt ahead. On November 2nd, speaking after […]

ECB study reveals AI boosts employment for young, skilled workers in Europe

ECB study reveals AI boosts employment for young, skilled workers in Europe

In Europe, the integration of artificial intelligence (AI) into the workplace is showing a positive trend for employment among young and skilled workers, according to a recent study by the European Central Bank (ECB). Contrary to the historical pattern where technological advancements often led to a decline in medium-skilled jobs, the ECB’s research, authored by Stefania Albanesi, highlights a growth in employment in sectors exposed to AI without significant wage reductions.

The study, which surveyed 16 European countries, found that job growth in areas sensitive to AI contrasts with the tech-induced job polarization observed in the past. This suggests that […]

AI on the job. Some reviews are in. Useful, irresistible, scary

AI on the job. Some reviews are in. Useful, irresistible, scary

Baltimore illustrator John de Campos isn’t happy that AI is being used to create images for commercial purposes, supplanting artists whose real life experience is reflected in their work. Baltimore illustrator John de Campos was irate when he discovered that some of his original work had been used to train an artificial intelligence chatbot — without his permission.

"It’s so gross," he says.

In just the past year, AI-powered programs like Midjourney and DALL-E have made it possible for anyone to create highly sophisticated images with just a few clicks of the keyboard.For de Campos, that’s an outrage."The fact that human […]

AI-powered digital colleagues are here. Some ‘safe’ jobs could be vulnerable.

AI-powered digital colleagues are here. Some 'safe' jobs could be vulnerable.

Office jobs, once considered largely shielded from AI, are threatened – and faster than many people imagined they might be Humans already work alongside robots in industries such as manufacturing. Now, for knowledge workers, the threat of AI replacement is coming faster than they imagined.

In early 2023, OpenAI’s ChatGPT ushered in a new era – one in which artificial intelligence went from a pipe dream to a very real, contentious issue for workers. The stakes are high: an April report from Goldman Sachs estimates ChatGPT, and other similar generative AI tools, could increase global GDP by as much […]

“AI has potential to reduce salaries, not jobs in Europe”- ECB research

Research from the European Central Bank indicates that artificial intelligence (AI) has the potential to reduce wages, not jobs.

It states that the swift integration of artificial intelligence is generating jobs, particularly for the young and highly skilled and its adoption could impact wages, but would not be a concern for job security, according to research by the European Central Bank (ECB).

Despite concerns about the future impact on employment, companies heavily investing in AI are experiencing a shortage of qualified workers, contrary to the typical labour market trends during a recession.The research shows that across 16 European countries, the employment […]

AI And The Future

AI And The Future

Amazon has declared that it will invest $1.2 billion in retraining 300,000 staff in preparation for the rising automation of its warehouses, which are already filled with equipment driven by artificial intelligence. Participation is voluntary under a program the business calls “Upskilling 2025,” which is aimed to educate staff on skills they may apply to work in technical jobs inside or outside of Amazon. Is AI a risk or an opportunity for the future of work?

To better assess the impact of AI on issues like gender parity, social justice, and other ethical and moral questions arising from its […]

In the US, however, folks are ready and willing to bin you for a bot

In the US, however, folks are ready and willing to bin you for a bot

Concern over AI coming for our jobs appears to be unfounded, though it’s not clear what effect this newest wave of automation will have on wages, the European Central Bank (ECB) concludes in a research report.

After assessing nine years of data gathered across 16 European countries, the ECB found high-skilled jobs in fields impacted by AI may grow by between 2.6 and 4.3 percent. "We find a positive association between AI-enabled automation and changes in employment," the study states.

Low-skilled jobs may also be safe, in Europe at least. "For occupations where average educational attainment is in the low and […]

AI poses less of a threat to jobs than it does to wages

AI poses less of a threat to jobs than it does to wages

AI is making the job of getting paid harder. In the era of artificial intelligence , job prospects are bright—even if the pay isn’t great.

In 16 European countries, the employment share of sectors exposed to AI increased, with low- and medium-skill jobs largely unaffected and highly skilled positions even getting a boost, European Central Bank (ECB) research published today (Nov. 28) shows.

During previous technology waves, “computerisation decreased the relative share of employment of medium-skilled workers, resulting in polarisation,” the authors of the research bulletin noted. But they found no evidence of such polarization in their 16-country sample. Between 2011 […]

Unlocking the power of Artificial Intelligence in a skills-based economy

An opinion piece by Learning Vault CEO, Nicholas Robert Alderdice on AI and the future of work in a skills-based economy. Dynamic lifelong learning has become a necessity in a fast moving job market. Automation and AI will be both disruptors and creators of new roles, while entrepreneurship and innovation will thrive.” — Nicholas Robert Alderdice SYDNEY, NSW, AUSTRALIA, November 28, 2023 / EINPresswire.com / — The global workforce is currently on a transformative journey toward a skills-based economy, representing a monumental shift in how people learn and work. As traditional employment models and hierarchical structures become less and […]

Automating Implant Orders: A Turning Point in Healthcare’s Digital Transformation

Automating Implant Orders: A Turning Point in Healthcare’s Digital Transformation

Chris Luoma, Senior Vice President and Chief Strategy Officer, GHX Advancements in medical technology have increased the demand for surgical implants. These implants, such as artificial joints and heart valves, pacemakers, ventricular shunts and cochlear implants, have revolutionized how doctors treat patients, helping them live better, more fulfilling lives.

The implantable device market is projected to reach $166.3 billion by 2032. Although this growth is exciting, it also highlights the need for healthcare to transform digitally.

Implant orders currently account for approximately 10 percent of all purchase orders, representing 40 to 60 percent of supply chain spend. Today, only a tiny […]