Tag: Technology

Legal Technology and Smart Contracts: Contract as Automaton (Part V)

Legal Technology and Smart Contracts: Contract as Automaton (Part V)

In our final installment of a five-part series, we close by interviewing Mark Oblad , around contract on automaton plus a look to the future. Blockchain and cryptocurrency law are opportunities for attorneys, not threats. Lawyers must embrace technology, although not all need to become as expert as Mark or other programmers in order to leverage technology. Shutterstock Mary: What is the tie between contract and automation?

Mark: By extension, smart contract events should easily connect to the broader world of automation (think internet of things), though perhaps after carefully considering possible outcomes and selectively determining where it is […]

Pensions – Articles – SPA debate may be irrelevant if AI predictions play out

Ahead of the conference Better Futures, which will debate challenges presented by an ageing society, the rise of AI and a lack of savings, Hymans Robertson has looked at the implications for the State pension if predictions about the impact AI will have on jobs and UK GDP play out. Many argue that Artificial Intelligence (AI) is set to change society and the economic landscape beyond recognition. Commenting, Calum Cooper, Partner at Hymans Robertson, said: “There are many predictions about the impact the rise of Artificial Intelligence will have in the future. While we can’t be certain about […]

Deutsche Bank CEO Says Bankers and Accountants Are Not Safe From Automation

Deutsche Bank CEO Says Bankers and Accountants Are Not Safe From Automation

We constantly hear about how technology, robots, and computers are coming to replace us in the workplace. However, some jobs are at higher risk than others. For this reason, many people who are not in low-skilled or manual labor positions often feel somewhat safe from the oncoming technology revolution. Deutsche Bank, the large international financial institution, recently cast doubt on this kind of thinking when its CEO alluded to replacing the company’s workers with technology. Bankers’ and Accountants’ Jobs may not be Safe

The CEO of Deutsche Bank, John Cryan, recently made it clear that workers in the […]

Why the robot revolution won’t play out as predicted

Why the robot revolution won't play out as predicted

You’d have to have been hiding under a rock not to know that 40 per cent of jobs in Australia – about 5 million of them – are likely to be automated in the next 10 to 15 years.

Ask a young person what they know about the future of work and that’s it. Which may help explain why so many of them seem angry and depressed about the economic future they’re inheriting.

This information is widely known because it’s the key finding of a major report, Australia’s future workforce? , published in 2015 by the Committee for Economic Development of […]

As Amazon pushes forward with robots, workers find new roles

As Amazon pushes forward with robots, workers find new roles

Nissa Scott started working at the cavernous Amazon warehouse in southern New Jersey late last year, stacking plastic bins the size of small ottomans. It was not, she says, the most stimulating activity. And lifting the bins, which often weigh 25 pounds each, was also tiring over 10-hour shifts.

Now Scott, 21, watches her replacement — a giant, bright yellow mechanical arm — do the stacking.

Her new job at Amazon is to baby-sit several robots at a time, troubleshooting them when necessary and making sure they have bins to load.On a recent afternoon, a claw at end of the arm […]

Vanguard’s Chief Economist – Automation is Not Killing Jobs September 11, 2017

by Robert Huebscher Rapid technological advances are transforming the global workplace. But fears that automation will permanently destroy American jobs are misplaced, according to Joe Davis. Instead, the jobs that require “uniquely human†skills will proliferate, Davis said.

Davis was the keynote speaker at the Morningstar ETF conference in Chicago on September 6. He is a principal and Vanguard’s global chief economist. He is also head of Vanguard Investment Strategy Group, whose research team is responsible for helping to oversee the firm’s investment methodologies and asset allocation strategies for both institutional and individual investors. In addition, he is a member […]

Will technology harm our quality of life?

Will technology harm our quality of life?

Future Business The digital age offers unprecedented opportunities. Riding the tides of technology, firms are able to rise higher, faster, than ever before. As markets warp around them, businesses are themselves transforming in an effort to ride the waves, rather than be sunk by them. New ways of working, new organisational structures and shifts in strategy are therefore happening at an ever faster pace.

We are, says World Economic Forum founder Klaus Schwab, living through the ‘fourth industrial revolution’, the era of automation and digitisation. If that sounds rather momentous, it’s because it is. But momentous change doesn’t always have […]

Who wields AI, and how

Who wields AI, and how

Devoid of an urgent push by the government to frame policy on AI, Indian labour will face a deep crisis.

Automation, a product of recent advances in Artificial Intelligence (AI), has been recognised as a harbinger of a different era of socio-economic relations. Studies by Deloitte in UK and McKinsey in the US are estimating that currently demonstrated technologies will kill from a third to a half of all jobs within a decade. In this scenario, what should be India’s national policy towards AI?

Devoid of an urgent push by the government to frame policy on AI, Indian […]

As Amazon pushed forward with robots, workers find new roles

As Amazon pushed forward with robots, workers find new roles

FLORENCE: Nissa Scott started working at the cavernous Amazon warehouse in southern New Jersey late last year, stacking plastic bins the size of small ottomans. It was not, she says, the most stimulating activity. And lifting the bins, which often weigh 25 pounds each, was also tiring over 10-hour shifts.

Now Scott, 21, watches her replacement — a giant, bright yellow mechanical arm — do the stacking.

Her new job at Amazon is to baby-sit several robots at a time, troubleshooting them when necessary and making sure they have bins to load. On a recent afternoon, a claw at end of […]

As Amazon Pushes Forward With Robots, Workers Find New Roles

As Amazon Pushes Forward With Robots, Workers Find New Roles

FLORENCE, N.J. — Nissa Scott started working at the cavernous Amazon warehouse in southern New Jersey late last year, stacking plastic bins the size of small ottomans. It was not, she says, the most stimulating activity. And lifting the bins, which often weigh 25 pounds each, was also tiring over 10-hour shifts.

Now Ms. Scott, 21, watches her replacement — a giant, bright yellow mechanical arm — do the stacking.

Her new job at Amazon is to babysit several robots at a time, troubleshooting them when necessary and making sure they have bins to load. On a recent afternoon, a claw […]