Tag: Technology

Robot versus human in investment industry

Robot versus human in investment industry

Automation trend: the role of robots in the investment industrywas discussed at the CFA Conference in Philadelphia

“Everyone has a plan ‘till they get punched in the mouth.” – Mike Tyson

I’m back from what was an excellent conference in Philadelphia, the home of Rocky. Like Rocky’s epic battles and fights, the CFA conference offered up a few great matches that permeated the entire conference. I’ll discuss two. In fight one, the robots squared off against the humans. In the second bout, it was passive versus active management.Robot versus humanThe concept of automation and artificial intelligence integration within the […]

Labour and Artificial Intelligence: Visions of despair, hope, and liberation

Labour and Artificial Intelligence: Visions of despair, hope, and liberation

Science-fiction scenarios of rampant AI are interesting thought-experiments but already-existing AI is here, and requires well-crafted policy

A conventional delivery truck of Germany’s biggest retailer Metro AG stands behind the world’s first commercial delivery robot of Starship Technologies during a demonstration at Metro’s headquarter in Duesseldorf, Germany, June 7, 2016.(REUTERS) In the United States, job demographic data from censuses since the 1900s reveal a startling fact. Despite the two post-Industrial revolutions of electricity and computers, the occupations with the largest employment numbers are still jobs for drivers, retail, cashiers, secretaries, janitors etc, i.e. old professions needing simple skills and […]

Here’s When Machines Will Take Your Job, as Predicted by AI Gurus

While technology develops at exponential speed, transforming how we go about our everyday tasks and extending our lives, it also offers much to worry about. In particular, many top minds think that automation will cost humans their employment, with up to 47% of all jobs gone in the next 25 years. And chances are, this number could be even higher and the massive job loss will come earlier.

So when will your job become obsolete? Researchers at the University of Oxford surveyed the world’s top artificial intelligence experts to find out when exactly machines will be better at humans in […]

Employees Optimistic About The Role of Automation At Work

The past few months have seen a deluge of dire warnings about the coming robotic apocalypse, whereby vast swathes of jobs will be automated and humanity will be sidelined by our new robotic overlords.

Most of these dire predictions have their basis in three prominent studies. The first, and arguably most well known, was published by Oxford University’s Michael Osborne and Carl Benedikt Frey back in 2013. In it, they argue that 47% of jobs will be automated within 20 years.

The second was published by the McKinsey Global Institute, and they predicted that 45% of jobs will be automated, whilst […]

Will robots take your job? This new website will tell you

Will robots take your job? This new website will tell you

Robots, artificial intelligence and automation are changing the way we live, but do these advances in technology pose a threat to your job security?

A new website, WillRobotsTakeMyJob.com , predicts the probability of automation for hundreds of jobs.

The search results are based on a 2013 research report titled “The Future of Employment: How susceptible are jobs to computerisation?”The report said about 47% of total U.S. employment is at risk of automation.Earlier this year, Yum Brands CEO Greg Creed said there will likely be a “dramatic change in how machines run the world” by the mid-2020s.It’s already happening at fast-food restaurants, […]

As more robots join the workforce, some say it could bring an ‘upswing in jobs’

As more robots join the workforce, some say it could bring an 'upswing in jobs'

The Seegrid robot is put to work by Bob Zorn, 54, of Crafton Heights, at the Giant Eagle Warehouse in the West End on Thursday, May 25, 2017. Updated 57 minutes ago

Bob Zorn’s coworkers were waiting for him when he started his shift at Giant Eagle’s warehouse in Pittsburgh.

The two blue, autonomous pallet jacks sat idle near the receiving bays. Their stately calm was out of place in the chaos — organized chaos they call it — of the warehouse in Fairywood.Even at shift change, workers on pallet jacks and fork lifts honk as they whiz by. But the […]

The robots are coming

The robots are coming

 Automation has driven up living standards, but could AI bring an economic and social storm? T he abandoned factories littered across America’s Rust Belt stand as a testament to the collateral damage of globalisation. As competition from abroad has limited job opportunities for low-skilled workers in many Western countries, populists have capitalised, painting globalisation as a disease, and protectionism as the cure.

But another threat to the working classes looms in cities such as Greenville, South Carolina. Greenville is a modern manufacturing success story that is home to BMW, Bosch, Michelin and General Electric factories, providing job opportunities and […]

Prepare for the robot revolution

Prepare for the robot revolution

The rise of automation presents society with new challenges, warns Keith Hebden

Road ahead: driverless vehicles could remove the livelihoods of thousands TECHNOLOGY both frees and displaces people.

During the Industrial Revolution, mechanisation took over much agricultural and textile work, forcing impoverished people into cities in huge numbers. Today, society faces an even bigger upheaval than that experienced by its steam-powered ancestors: the rise of automation.The professional-services firm PwC predicts that “up to around 30 per cent of existing UK jobs are susceptible to automation from robotics and Artificial Intelligence by the early 2030s”. These jobs will either disappear […]

If automation destroys jobs then why countries that use automation the most…

Automation doesn’t destroy jobs; it merely replaces certain manual labor tasks to be maintenance tasks and, as Marx already said back in the day, the modernization of technology merely ups the disciplining of labor alongside it.

Because in western europe theres a growing trend of people (being forced to) start their own one-person legal entity and sell their labour under minimum wage and without benefits to others. Theres also a massive growing population of zero hour contract workers.

Both of these groups can work for zero hours a month, without being counted as unemployed. To be counted as unemployed in germany […]

Gil Smart: Automation puts 60 percent of local jobs at risk. Now what?

Gil Smart: Automation puts 60 percent of local jobs at risk. Now what?

Buy Photo The offices of C&W Technologies in Stuart are quiet — "typical," said President/CEO Eric Kiehn. Employees tap on computer keyboards and stare into screens.

You don’t see the robots.

Yet the computer service company now has about half as many employees as it did a decade ago, while it serves more clients. Kiehn said automated processes — robots, if you will — now handle routine processes that once might have required the human touch.A decade ago, technicians had to drive to a client’s site to access computers and perform routine maintenance. Now it’s all done remotely and automatically."Our philosophy […]