New technology: destroyer or creator of jobs?

Workers across the world are increasingly aware of what many consider an existential threat to a wide array of jobs. Safe and efficient autonomous vehicles, for example, may make truck drivers obsolete in the not too distant future. At the same time, advocates of technology argue, people around the planet are finding new and often better… Please follow and like us:

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Automation Growth Just Starting As Our Robot Overlords Further Integrate Into Every Day Life

When Sanford Bernstein’s Jay Huang looks back at 2017, he doesn’t see the oddest political wrangling accompanied by surreal market environments. He appears more awed by the pace of automation trends, particularly integrating into human business processes. There is no cliff for automation stocks, he asserts in a January 4 report on Asian Industrial Technology. There… Please follow and like us:

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Trust in digital technology will be the internet’s next frontier, for 2018 and beyond

By Bhaskar Chakravorti, Senior Associate Dean, International Business & Finance, Tufts University. Trust in online systems varies around the world. Sergey Nivens/Shutterstock.com After decades of unbridled enthusiasm – bordering on addiction – about all things digital, the public may be losing trust in technology. Online information isn’t reliable, whether it appears in the form of news,… Please follow and like us:

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Amazon says it sold ‘tens of millions’ of Echos, other Alexa devices during holiday shopping season

SEATTLE – Amazon’s Alexa had a very good Christmas. The retailer said on Tuesdays that it sold “tens of millions” of devices bearing the Alexa voice-activated digital assistant during the peak shopping season. That lineup includes Amazon’s Echo speakers and Fire TV streaming device, among other gizmos. Sales of Amazon devices were “millions more” than a… Please follow and like us:

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Robots Could Wipe Out Hundreds Of Millions Of Jobs By 2030

A significant number of jobs could be completed by robots as early as 2030, according to a new report published Tuesday by the McKinsey Global Institute. The transition into a heavily automated workplace wouldn’t arrive right away, but it may affect up to 375 million workers globally. The workforce has already begun to accommodate technological advancements,… Please follow and like us:

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JPMorgan Says Quant Underperformance “Has Not Been Abnormal”

In a research piece titled “Quant funds underperform,” JPMorgan analyst Nikolaos Panigirtzoglou and his Global Markets Strategy team think they understand the causation. With hedge fund allocation inflows towards quant funds pulling in near 30% of all hedge funds, this occurs at a time when the human-based manager just might be winning against the machines. Get… Please follow and like us:

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A new era in manufacturing

‘Made in China 2025’ strategy leads to a spate of transformative technologies The 19th China International Industry Fair held in Shanghai earlier this month confirmed for lay people what industry insiders knew for a while-that global corporate giants as well as domestic companies operating in China are resolutely digitalizing their factories, systems and processes as if… Please follow and like us:

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Will the AI jobs revolution bring about human revolt, too?

By Kentaro Toyama, Associate Professor, Technology and Global Development, University of Michigan. When everyone’s out of a job, will workers unite? Inspiring/Shutterstock.com The rise of artificial intelligence threatens to eliminate jobs once considered impossible to automate. One series of papers by Oxford researchers ranks jobs by their estimated susceptibility to automation. Among those most rated likely… Please follow and like us:

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Online retailers give intelligent logistics a boost

Major Chinese online retailers are beefing up efforts to build intelligent logistics systems, by deploying robots in warehouses to enhance work efficiency, in preparation for the upcoming Singles Day shopping spree. Cainiao Network Technology Co Ltd, the smart logistics network of e-commerce giant Alibaba Group Holding Ltd, announced on Tuesday it had launched a flagship intelligent… Please follow and like us:

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The Robots Are Not Coming To Wall Street, They’re Already Here — And Multiplying

When considering the forthcoming computerized-automation revolution, one area where this societal change will be different from the previous industrial revolution is who it impacts. While much of the industrial revolution forced the working class to find new skills, the smart technology revolution is going to take on human intelligence – and this will impact the upper… Please follow and like us:

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Artificial intelligence cyber attacks are coming – but what does that mean?

By Jeremy Straub, Assistant Professor of Computer Science, North Dakota State University. Hackers will start to get help from robots and artificial intelligence soon. Jinning Li/Shutterstock.com The next major cyberattack could involve artificial intelligence systems. It could even happen soon: At a recent cybersecurity conference, 62 industry professionals, out of the 100 questioned, said they thought… Please follow and like us:

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Study: China Trade, Not Automation, Destroying U.S. Jobs

Despite concerns that the robots are coming for our jobs, automation is responsible for only a fourth as many lost jobs asStudy: China Trade, Not Automation, Destroying U.S. Jobs trade with China since the turn of the century, according to a report released Wednesday. The left-leaning Economic Policy Institute analyzed recent research by economists Daron Acemoglu, of the Massachusetts Institute of Technology and… Please follow and like us:

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