Tag: AI

AI will automate tasks, not skills

Michael Hicks, Professor of Economics at Ball State University, USA, claims productivity growth, whether through automation, plant design or better-skilled workers, doesn’t kill jobs – it eliminates tasks: First, hard, dirty and dangerous ones – think agriculture and steel-making where output continues to grow in volume but now uses a small fraction of the labour …

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Repetitive tasks lose to AI and Robotics

Artificial intelligence and robotics are disrupting every aspect of work and redefining productivity The old ways of dolng things are undergoing a massive change In a conversation with Knowledge@Wharton, Srikanth Karra, Chief HR Officer at Indian IT services firm Mphasis, discusses what this means for individuals, organisations and countries – in particular, Karra says: Managerial jobs …

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AI pluses versus minuses

We already know Elon Musk, South African born multi-billionaire, predicts that AI (Artificial Intelligence) will be more dangerous than North Korea And legendary physicist Professor Steven Hawking was also wary: “AI has the potential to be the worst event in the history of our civilisation” On the other hand, Microsoft co-founder Bill Gates pooh-poohs their pessimism and …

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AI to create millions of jobs

Professor Robert Gordon of Northwestern University, USA, says: “No invention in the last 250 years, since the first Industrial Revolution, has caused mass unemployment “Though jobs are constantly being destroyed, they are also being created in even larger numbers – there is enormous churn in the job market – at present, there is actually a …

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AI to spark a new productivity boom?

A new productivity boom could be sparked by AI – Artificial Intelligence? Who says so? No less than two UK government ministers Culture Secretary Karen Bradley says: “AI has the potential to improve our every day lives” – precisely what productivity improvement is all about And Business Secretary Greg Clark claims: “Huge social and economic benefits …

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