Tag: Technology

Automation can be boom or bust for Australia: McKinsey

Automation can be boom or bust for Australia: McKinsey

Automation in Australia can boost productivity to the level required to rekindle the country’s slowing economic growth, potentially adding over a trillion dollars to the economy, according to McKinsey. But the technology could also put to 6.5 million full time jobs at risk, increase unemployment levels and further widen inequality.

The difference between prosperity or wide scale disruption will be how the “inevitable” automation is handled, McKinseys says. It is calling for immediate action from Australian stakeholders including competition reform as part of a national automation strategy.

Generally the management firm is bullish on the local automation opportunity, in its new […]

Northern Ireland – Report finds 60,000 jobs at high risk of automation

Nearly 60,000 jobs in Northern Ireland are at high risk of automation, according a study released last month by the Nevin Economic Research Institute. In addition, 58% of all jobs are at risk of substantial change over the medium term because of advancements in automation technology.

Overall, the study found: 7.1% of Northern Ireland jobs are at high risk of automation, or 56,900 jobs

31.6% were at mid-high, or 253,224 jobs 26.7% were at mid-low, or 213,845 jobs 12.8% were low, or 102,952 jobs 21.8% were not classified, or 174,935 jobs “The risk to jobs from automation however is greatly […]

Northern Ireland – Report finds 60,000 jobs at high risk of automation

Nearly 60,000 jobs in Northern Ireland are at high risk of automation, according a study released last month by the Nevin Economic Research Institute. In addition, 58% of all jobs are at risk of substantial change over the medium term because of advancements in automation technology.

Overall, the study found: 7.1% of Northern Ireland jobs are at high risk of automation, or 56,900 jobs

31.6% were at mid-high, or 253,224 jobs 26.7% were at mid-low, or 213,845 jobs 12.8% were low, or 102,952 jobs 21.8% were not classified, or 174,935 jobs “The risk to jobs from automation however is greatly […]

The future Australian workplace is automated, according to McKinsey & Company report

The future Australian workplace is automated, according to McKinsey & Company report

Former Australian Prime Minister Malcolm Turnbull takes a look at a robot at Robotic Automation in the Sydney suburb of Newington in 2016. As much as 46 per cent of existing work activities in Australia could be automated by 2030, displacing as many as 6.5 million jobs, a report by a respected global consulting firm has found.

The McKinsey & Company report, Australia’s Automation Opportunity, found 1.8 million to five million workers might need to change professions to find a job.

The report warns the nation’s unemployment rate could spike by up to 2.5 per cent during the peak of the […]

Age of automation: need for upskilling

In the last two decades, automation has made giant strides in the manufacturing sector. From changing the factory shop floor to the nature of employment, it has been rapidly transforming the traditional processes of manufacturing.

Today, as the fourth Industrial Revolution dawns upon us, advancements in the field of AI (artificial intelligence), machine learning and robotics have given rise to machines that are capable of a wide array of work activities. In fact, these machines can outperform humans not only in manual labour, but also in tasks that require cognitive abilities.

Needless to say, the manufacturing sector has benefited immensely following […]

Automation could destroy millions of jobs in Australia

Automation could destroy millions of jobs in Australia

Up to 46 per cent of industries in Australia will be affected by automation, a new report reveals. Photo: Getty

Millions of jobs could be lost in the next decade as a result of automated technologies, such as machine learning and robotics, a new report warns.

A report by consultancy firm McKinsey Australia released on Monday, revealed an estimated 3.5 million to 6.5 million full-time jobs would be lost to automation by 2030.“Without increased employment-transition support, increased job churn could see Australia’s unemployment rate temporarily spike by up to 2.5 per cent during the peak of the transition,” the […]

John Oliver Gives Kids a Tough Lesson on A.I. and Robot Job Losses

John Oliver Gives Kids a Tough Lesson on A.I. and Robot Job Losses

Robot automation is transforming society, but John Oliver is worried that kids aren’t prepared. The Last Week Tonight host used Sunday’s episode to highlight the large-scale shift as super-smart A.I. take over human roles, something that many kids — and president Donald Trump — don’t truly appreciate.

Oliver criticized the president’s focus on manufacturing jobs outsourced to other countries. While Oliver conceded that some of these jobs are moving overseas, he also cited industry figures that show American manufacturing produces twice as much as it did in 1984, but with a third of the jobs.

“Many of those jobs aren’t being […]

Innovation Nation: Automation is changing how we work – for the better

Innovation Nation: Automation is changing how we work - for the better

This is the fourth edition in an eight-week series, made possible by MYOB, looking at how technology is changing the way New Zealand businesses operate.

While automation started off as machines handling simple tasks such as washing clothes and dishes, it now covers much more advanced work like picking fruit and driving cars.

In other words, automation is pushing into areas that were once the domain of human workers, and the reason for that is a never ending demand for increased business efficiencies and at times, the inability to find people to do the work.Automation is an accelerating global megatrend […]

Why the future of work and human resources is driven by data

Why the future of work and human resources is driven by data

Sensing a massive shift in the nature of work and employment, NASA started a study to gain some insights on how the future of work would be. Source: Shutterstock LET’S face it. The world is changing and along with it, human capital, job functions and most importantly, the nature of work itself.

This rapid paradigm shift fueled in part by digital transformation is presenting never before seen challenges to employers to recruit and retain the best available talents as well get the most out of their workforce to serve their business goals better. THREE TECH TRENDS EVERY HR PROFESSIONAL MUST […]

Understanding India’s labour pain

Understanding India’s labour pain

Title: Jobonomics Author: Goutam Das Publisher: Hachette India Price: Rs 599 The book, peppered with anecdotes, says that the jobs situation is more in the nature of an emerging crisis

Because the book begins with a line from Prime Minister Modi’s speech on employment, I thought it was essentially another Modi-basher, perhaps one that bemoaned how poorly the government fared in creating jobs. There are many such books floating around and I overcame the ‘oh, no, not one more’ feeling only because I had committed to sending in this review.

Just a few pages into the book I realised […]