Tag: Technology

Coronavirus Is Forcing Companies To Speed Up Automation, For Better And For Worse

Coronavirus Is Forcing Companies To Speed Up Automation, For Better And For Worse

The coronavirus pandemic will accelerate the spread of automation, which includes self-check-in … [+] Coronavirus will force companies to speed up their plans to replace jobs with automation, according to a report published by analyst company Forrester . In its report, Forrester notes that many companies are set to invest more in automation than in rehiring in the wake of the coronavirus pandemic, corroborating earlier reports that had claimed many businesses were already planning to accelerate their automation strategies.

The news comes as businesses ponder how they can resume working amid lockdowns and social distancing. And while many will take […]

Robots Might Actually Take Over The World Post Coronavirus

Robots Might Actually Take Over The World Post Coronavirus

Although many firms might not survive to see the light of day post coronavirus, there’s still hope as we might be stepping into a new era of automation. As per experts, millions are jobless and intelligent automation has managed to fill those voids. However, it’s still debatable whether AI has taken over those jobs for good. It’s a known fact that automation across industries was on the horizon, now it might just happen before expected.

The ongoing situation has already showcased the need for a digital overhaul across several sectors and how firms should make use of this time to […]

Could increased dependence on robots during pandemic hasten the departure of humans from the workforce?

Could increased dependence on robots during pandemic hasten the departure of humans from the workforce?

(Getty Images) The human race continues to fight a raging battle with the contagion that has managed to wipe out masses and cause widespread devastation. The concern for safety has clouded everyone’s minds in the past few months, forcing nations to go into a state of lockdown, shut down its business and impose guidelines to help prevent the spread of this deadly pandemic. While technology is proved to be a necessity in this time, will our dependence on it be our ultimate downfall?

The automation industry has been making progress manifold in recent years, however, then pandemic had caused developments […]

Chinese Communist Party virus pushes American innovation and automation

Chinese Communist Party virus pushes American innovation and automation

Illustration on some unexpected benefits of the pandemic by Alexander Hunter/The Washington Times more > ANALYSIS/OPINION:

The Chinese Communist Party virus (aka COVID-19) is forcing people to be innovative — and many will be constructively creative. From the rise of the Internet, workers and consumers are becoming increasingly untethered from a physical location to work or shop. This trend is now in forced acceleration.

Each day, more and more employers and employees are realizing that they can get by perfectly well without everyone being in the same physical workplace for the entire day or week, or even month. Go through […]

Survey finds coronavirus changing consumer comfort with AI, robots, and self-driving cars

Survey finds coronavirus changing consumer comfort with AI, robots, and self-driving cars

Boston Dynamics equipped Spot with an iPad and two-way radio to act as a remote connection between doctors and COVID-10 patients. | Credit: Boston Dynamics The COVID-19 pandemic has affected every aspect of life for people around the world, but reactions have varied in terms of individual behavior, governmental policies, and attitudes toward technology. As the debate continues over whether or not automation will replace employment, a new survey found more reason for hope in a future where societies can benefit from robotics and artificial intelligence.

Interactions LLC surveyed 1,000 people across the U.S. and found that consumer sentiment […]

Study finds stronger links between automation and inequality

Study finds stronger links between automation and inequality

Credit: CC0 Public Domain Modern technology affects different workers in different ways. In some white-collar jobs—designer, engineer—people become more productive with sophisticated software at their side. In other cases, forms of automation, from robots to phone-answering systems, have simply replaced factory workers, receptionists, and many other kinds of employees.

Now a new study co-authored by an MIT economist suggests automation has a bigger impact on the labor market and income inequality than previous research would indicate—and identifies the year 1987 as a key inflection point in this process, the moment when jobs lost to automation stopped being replaced by an […]

Expect more technically skilled jobs and more automation in the post-COVID-19 economy

Expect more technically skilled jobs and more automation in the post-COVID-19 economy

Lawtonians Supporting the Mission

The pandemic created by COVID-19 has in many unexpected or unprepared ways significantly slowed or halted economic activity locally, nationally and globally. Small businesses, factories, industries and warehouses have been forced to shut down to protect their workers, while those that are essential struggle with preventing further outbreaks through distancing, mitigation and innovation.

Could a more technically skilled and automated workforce have reduced or alleviated the economic damage caused by COVID-19 and the possible measures undertaken to address its effect on today’s workforce? Studies have been conducted and reports released with supporting data on the […]

How coronavirus set the stage for a techno-future with robots and AI

How coronavirus set the stage for a techno-future with robots and AI

Not so long ago, the concept of a fully automated store seemed something of a curiosity. Now, in the midst of the COVID-19 pandemic, the idea of relying on computers and robotics, and checking out groceries by simply picking them off the shelf doesn’t seem so peculiar after all.

Part of my research involves looking at how we deal with complex artificial intelligence (AI) systems that can learn and make decisions without any human involvement, and how these types of AI technologies challenge our current understanding of law and its application.

How should we govern these systems that are sometimes called […]

Study finds stronger links between automation and inequality

Study finds stronger links between automation and inequality

This is part 3 of a three-part series examining the effects of robots and automation on employment, based on new research from economist and Institute Professor Daron Acemoglu.

Modern technology affects different workers in different ways. In some white-collar jobs — designer, engineer — people become more productive with sophisticated software at their side. In other cases, forms of automation, from robots to phone-answering systems, have simply replaced factory workers, receptionists, and many other kinds of employees.

Now a new study co-authored by an MIT economist suggests automation has a bigger impact on the labor market and income inequality than […]

How Technology is Changing the Role of CFOs

How Technology is Changing the Role of CFOs

By: Hanadi Khalife

As we enter month five of 2020, who would’ve thought that it would turn into such an eventful year but for totally unanticipated reasons? At the beginning of the year, everyone was heralding 2020 as a potential milestone year – marking as it did, the beginning of a new decade. The stock markets were on a roll, employment levels on a high, the economic outlook was fairly robust – it all seemed to be businessasusual and perhaps even, as some hoped, better than businessthanusual. An unheard-of virus making its rounds in an unheard-of province in mainland […]