Tag: Technology

This chart spells out in black and white just how many jobs will be lost to robots

This chart spells out in black and white just how many jobs will be lost to robots

How job predictions apply to 2016 U.S. employment statistics. Black fields are jobs likely to be automated and white fields are jobs that are likely to remain. When robots come for our jobs, the first people to fall will be those working in retail and fast food restaurants as well as the ubiquitous secretaries who are an indispensable part of the corporate world.

It may not happen overnight but slowly, machines are gaining on man’s turf and in a decade or two, about 50% of jobs in existence today will have gone the way of dinosaurs, or in this case, […]

So, Where Are All Those Robots?

So, Where Are All Those Robots?

Jason Lee / Reuters Lots of people think that the robots are coming to steal everybody’s jobs . I even wrote a whole thing about what would happen if they did.

But another story is emerging from several recent papers and columns by economists and economic writers. Instead of a world without work , they say, there is currently more evidence for a world with too much work—and not enough humans to do it all. Rather than high-flying investment in machines and similarly high unemployment, there is strangely low investment and happily low joblessness. How can anybody say robots are […]

Why AI will force businesses to rethink balance between the work of humans and machines

Why AI will force businesses to rethink balance between the work of humans and machines

In their groundbreaking book The Second Machine Age, Erik Brynjolfsson and Andrew McAfee pointed to employment trends to illustrate a workforce that is inarguably affected by automation—and how companies must transform in order to remain relevant.

Brynjolfsson, director of the MIT Initiative on the Digital Economy (IDE) and McAfee, principal research scientist and co-director at the MIT IDE, have follow-up book out in June. And this one pinpoints specific qualities of the "second machine age," which the authors argue is maturing to a point at which technologies are now replacing workplace tasks once considered routine. We are now, they write […]

Good News, Designers: The Robots Are Not Taking Your Jobs

Good News, Designers: The Robots Are Not Taking Your Jobs

As robots get more and more advanced, the panicked sci-fi claim “the robots are coming for your job!” seems less hyperbolic by the day. According to a 2013 study by Carl Benedikt Frey and Michael A. Osborne, two researchers at University of Oxford, the robots are indeed coming—specifically, for about 47% of jobs in the U.S.

The academic paper, titled The Future of Employment: How susceptible are jobs to computerisation?, is a bit dense, but thanks to an interactive website built by Mubashar Iqbar and designed by Dimitar Raykov , the results are now easy to explore. The site simplifies […]

Will Robots Take Your Job? Calculate the Risk Online

Will Robots Take Your Job? Calculate the Risk Online

No one is safe from the robot revolution (via Fox) On the surface, rapidly advancing artificial intelligence seems cool . But bubbling underneath is a frightening future, in which grinning robots hand out pink slips to human workers.

Just how likely are you to lose your job to an automated machine? Ask Web-based tool “ Will Robots Take My Job? “—at your own peril.

Developed by Mubashar Iqbal and designed by Dimitar Raykov, the site is based on a 2013 report examining how susceptible 702 occupations are to computerization.“According to our estimates, about 47 percent of total US employment is at […]

“We Will See Large Job Losses”

Photo: Nilotpal Baruah How serious is the impact of automation on human jobs? Which jobs will be affected first? How is the automation revolution different from the industrial revolution? Business Today’s Rajeev Dubey posed these and other such questions to Paul Raleigh, Global Leader, Growth and Advisory Services, Grant Thornton. Excerpts from the interview:

Q. Where all is automation hurting?

It’s hurting people. It’s going to hurt jobs. There are some big shocks coming which we can see. Automation will provide a shock. It will provide a shock to the middle class, the professional class, which were unscathed by […]

Machines Coming to Take Millions of Thai Jobs: Report

Machines Coming to Take Millions of Thai Jobs: Report

Original image: A farmer irrigates his rice fields in a 2013 photo. Photo: Chris Graham / Flickr BANGKOK — Millions of Thais are at risk of losing their jobs in the coming years – and it’s not “illegal immigrants” or “outsourcing” to blame. Yes, the robots are coming to steal jobs.

Thanks to rapid improvements in automation and artificial intelligence, up to 9.2 million Thais are at high risk of being replaced by machines, while millions of other jobs are on the line in the next two decades, said a U.N. report published Tuesday.

If the International Labor Organization’s, or ILO, […]

Machine learning systems are a ‘land rush’ of opportunity for CIOs

Machine learning systems are a 'land rush' of opportunity for CIOs

CAMBRIDGE, Mass. — Machine learning is overtaking big data in Google searches, but the hype around artificial intelligence systems may not be hyped enough. Erik Brynjolfsson and Andrew McAfee, co-authors of the forthcoming Machine, Platform, Crowd: Harnessing Our Digital Future , said some machine learning algorithms are improving faster than anticipated, thanks to enormous data sets and access to more compute power. And the rapid rate of change is opening up new avenues for machines and new opportunities for CIOs.

Brynjolfsson , director of the MIT Initiative on the Digital Economy (IDE) , and McAfee , principal scientist and […]

Visualizing the Jobs Lost to Automation

Visualizing the Jobs Lost to Automation

Visualizing the Jobs Lost to Automation

The employment landscape of the future will look very different than it does today.

While we’ve charted the automation potential of U.S. jobs before, today’s graphic from Henrik Lindberg perhaps tells the story more succinctly.In plain black and white, it shows the jobs that exist today in contrast to the jobs that are expected to disappear as a result of automation in the workplace. Though, technically speaking, it is applying the probabilities of the widely-cited Frey & Osborne (2013) study to U.S. jobs as of 2016 to give an expected value to each job […]

Visualizing The Jobs Lost To Automation

Visualizing The Jobs Lost To Automation

The employment landscape of the future will look very different than it does today.

(Click on image to enlarge) While we’ve charted the automation potential of U.S. jobs before, today’s graphic from Henrik Lindberg perhaps tells the story more succinctly. In plain black and white, it shows the jobs that exist today in contrast to the jobs that are expected to disappear as a result of automation in the workplace. Though, technically speaking, it is applying the probabilities of the widely-cited Frey & Osborne (2013) study to U.S. jobs as of 2016 to give an expected value to each […]