Tag: Technology

A hire power

A hire power

JOSEPH SCHUMPETER gave the name “creative destruction” to the process by which new and innovative firms displace stodgy ones, thereby driving long-run economic growth. The Schumpeterian sort of economic reinvention is out of fashion at the moment. Unhappy workers are casting their lot with populist politicians, who are in turn looking to rein in the disruption caused by everyone from tech unicorns in Silicon Valley to sellers of cut-price steel in China. Economists understandably worry that this backlash will lead to sweeping new regulations, taxes and protections for firms and workers. But red tape and tax are not the […]

Only Humans Need Apply: Job Prospects Following Advances in AI

This post was authored primarily by CDT Summer 2016 intern Elaine Chou . “America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand.” Last week, in response to a Request for Information from the White House Office of Science and Technology Policy, CDT submitted a report on “Preparing for the Future of Artificial Intelligence” (“AI”). Our comments focused on how the government can reduce inequality in the workforce and promote societal progress as AI advances. CDT believes in the power of AI, and suggests policy improvements […]

Universal basic income paid by a ‘robot tax’ is a bad idea

Universal basic income paid by a ‘robot tax’ is a bad idea

Thilo Brodtmann considers that the Parliament’s report on robots should have been a selection of "sensible suggestions" instead of a list of regulatory measures. Although the digitalisation of industry is a top priority among EU decision makers, Europe should not be concerned about job losses caused by growing automation. Instead, member states should teach the new generations the skills required for a digital future, believes the VDMA chief, Thilo Brodtman.

Thilo Brodtmann is the executive director of VDMA, the German mechanical engineering association representing more than 3,200 mainly small and medium -sized companies.

Brodtmann spoke to EurActiv.com’s Jorge Valero […]

Stuart Hall, Tyzack works out the future.

Stuart Hall, Tyzack works out the future.

The pace of technological change, shifting demographic patterns and economic globalisation are radically re-shaping the future of employment globally. This is something we have been witnessing since 2000, with the acceleration of a technological revolution, a radical transformation more comprehensive and more encompassing than anything we have seen before.

We are already experiencing the impact in staff reductions as a result of technology such as supermarket self-checkouts, ATM machines and robotics in the manufacturing sector, and whilst few doubt that the changes we’re experiencing hold great promise, the patterns of employment, production and consumption resulting from them are certainly creating […]

More than half of IT employees in India believe Automation & AI will impact their career advancement

More than half of IT employees in India believe Automation & AI will impact their career advancement

Mumbai: IT and ITES Industry is the largest employer in the private in India. As per NASSCOM, total employment strength in IT and BPM industry is 3.7 million. The whole industry is on the cusp of transformation with advancement of technology such as Automation & Robotics, Artificial Intelligence (AI) and Data Analytics, and Internet of Things (IoT) popularly known as fourth Industrial Revolution. In line with changes in the industry, professionals working in this industry will also face the music.

Shift in skills and re-skilling phenomenon is catching up and will shape career of IT workforce. More than half of […]

Skilling in the age of robots

Skilling in the age of robots

Upward graph for robots But what about human jobs? ktsdesign/shutterstock.com As automation begins to drive more sectors, the ability to adapt to change will be a crucial job requirement

Some 11 million by 2036 in the UK alone; 5 million worldwide by 2020. These apocalypse-sounding figures are the estimated number of jobs that will be lost to automation in the very near future.

Automation lies at the forefront of the so-called ‘fourth industrial revolution’, a process whereby the interaction of cyber and physical systems will profoundly change established economic and social structures. And this will happen on a scale, size and […]

IT, BPO employees need to be re-skilled due to automation: Nasscom

IT, BPO employees need to be re-skilled due to automation: Nasscom

Global enterprise technology spend will grow at 3% to 4% and touch $4 trillion by 2025. Photo: Pixabay Employees working in IT and BPO industry in India will need to be re-skilled due to rapidly changing digital technology, which is likely to displace some jobs as a result of automation, said an industry body Nasscom.

Nasscom in a report titled ‘Technology Shifts and Workforce Priorities’ released on the sidelines of its 13th edition of ‘HR Summit 2016’ held in Chennai on July 21 highlighted the changes in the ecosystem and how companies and employees need to evolve.

Sponsored by Revcontent […]

Hiring in FY’17 may be lower: NASSCOM

Hiring in FY'17 may be lower: NASSCOM

Chandrashekhar attributed the companies’ focus on automation and pressure on margins for the decrease in hiring activities. CHENNAI: IT body NASSCOM today said fresh hiring in the current financial year may be lower than last year as IT companies are facing pressure on margins, besides focusing on automation of jobs.

"Hiring activity in the year before last was 2.20 lakh (new jobs were created in IT sector). Last year, (FY 2015-16) there were about two lakh additions. This financial year, we are expecting it to be on the lower side of that", National Association of Software and Service Companies (NASSCOM) […]

This expert thinks robots aren’t going to destroy many jobs. And that’s a problem.

This expert thinks robots aren't going to destroy many jobs. And that's a problem.

Javier Zarracina

If you follow news out of Silicon Valley, it’s easy to get the impression that we’re living through an era of unprecedented technological change. The modern smartphone is less than a decade old, yet it has already become ubiquitous in American society and allowed Apple and Google to become two of the most valuable companies in the world. And companies like Uber and Airbnb are bringing the internet revolution to industries as diverse as taxicabs and hotels.

Yet it’s hard to find evidence of rapid progress in the nation’s economic statistics. To the contrary, after the productivity of American […]

New Zealanders aren’t worried their job will be automated

New Zealanders aren’t worried their job will be automated

There have been a number of dire warnings in the past year about the number of jobs that are set to be automated in the next few decades. Some go as far as to suggest that 1 in 3 jobs will be done by computers within the next 20 years.

Suffice to say, these kind of proclamations seldom examine the number of new jobs that we might create and so inevitably take on a rather gloomy hue. A recent study from Massey University’s School of Management explored just how worried workers in New Zealand were of such automated unemployment. Are […]