How Robotic Brings Positive Or Negative Impact To Global Labor And Business Market

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How Robotic Brings Positive Or Negative Impact to Global Labor and Business Market

Author : Johnny Ch Lok
Publisher :
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.6/5 (833 download)

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Book Synopsis How Robotic Brings Positive Or Negative Impact to Global Labor and Business Market by : Johnny Ch Lok

Download or read book How Robotic Brings Positive Or Negative Impact to Global Labor and Business Market written by Johnny Ch Lok and published by . This book was released on 2020-09-06 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part OneLabor market behavioral changeChapter 5(AI) -driven automation industry development1.1(AI) - driven automation industry development how to influence work nature change(AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through the economy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings more advantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.1.2How (AI) influences labor marketToday, it may be challenging to predict exactly which jobs will be most immediately affected by (AI)-driven automation. Because (AI) is not a single technology, but rather a collection of technologies that are applied to specific tasks.Some specific predictions are possible based on the current (AI) technology. For example, driving jobs and house cleaning jobs, bank counter service jobs, telephone enquiry service operators. Restaurant cooking jobs, simple accounting record service jobs etc. that require relatively less education to perform. Advancements in computer vision and related technologies have made the feasibility of fully appear more likely, potentially displacing some workers in driving-dominant professions. Seemingly similar robot, for which the operational tasks is less specific of navigating to a specific destination when following a set of given rules and preserving safety.

Artificial Intelligence Brings Positive Or Negative Impaction To: Influence Human Job Change

Author : Johnny Ch Lok
Publisher : Independently Published
ISBN 13 : 9781794467040
Total Pages : 122 pages
Book Rating : 4.4/5 (67 download)

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Book Synopsis Artificial Intelligence Brings Positive Or Negative Impaction To: Influence Human Job Change by : Johnny Ch Lok

Download or read book Artificial Intelligence Brings Positive Or Negative Impaction To: Influence Human Job Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-20 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter Two Future works change: Automation, employment and productivity2.1How (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing, accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below: Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.Secondly, for business, the performance benefits of automation are relatively clear. Thus, the businessmen have opportunities for their micro economies to benefits from the productivity growth potential and macro economies to benefit to encourage continued progress and innovation, investment and market incentives. At the same time, employers must innovate policies to help workers and institutions adapt to the impact on employment.

Shifting Paradigms

Author : Zia Qureshi
Publisher : Brookings Institution Press
ISBN 13 : 081573901X
Total Pages : 298 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Shifting Paradigms by : Zia Qureshi

Download or read book Shifting Paradigms written by Zia Qureshi and published by Brookings Institution Press. This book was released on 2022-01-11 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the big questions about how technological change is transforming economies and societies Rapid technological change—likely to accelerate as a consequence of the COVID-19 pandemic—is reshaping economies and how they grow. But change also causes disruption, creates winners and losers, and produces social stress. This book examines the challenges of digital transformation and suggests how creative policies can make it more productive and inclusive. Shifting Paradigms is the second book on technological change produced by a joint research project of the Brookings Institution and the Korea Development Institute. Contributors are experts from the United States, Europe, and Korea. The first volume, Growth in a Time of Change, was published by Brookings in February 2020. The book's underlying thesis is that the future is arriving faster than expected. Long-accepted paradigms about economic growth are changing as digital technologies transform markets and nearly every aspect of business and work. Change will only intensify with advances in artificial intelligence and other innovations. Investors, business leaders, workers, and public officials face many questions. Is rising market concentration inevitable with the new technologies or can their benefits be more widely shared? How can the promise of FinTech be captured while managing risks? Should workers fear the new automation? Are technology-driven shifts in business and work causing income inequality to rise? How should public policy respond? Shifting Paradigms addresses these questions in an engaging manner for anyone interested in understanding how the economic and social agenda is being transformed by today's winds of change.

Robot Invention Brings Positive Or Negative Impacts to Our Societies ?

Author : Johnny Ch LOK
Publisher :
ISBN 13 : 9781790252497
Total Pages : 53 pages
Book Rating : 4.2/5 (524 download)

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Book Synopsis Robot Invention Brings Positive Or Negative Impacts to Our Societies ? by : Johnny Ch LOK

Download or read book Robot Invention Brings Positive Or Negative Impacts to Our Societies ? written by Johnny Ch LOK and published by . This book was released on 2018-11-23 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although, some arguments indicate that automation will influence the low skillful workers, who will lose their jobs, due to automation replaces them. But, on employer's beneficial hand, the volume of demands won't have been reachable without robotic work force. Having a big various order of products lead automatically to automation, but literally speaking, using only human work force. The quantity and the quality can't be achieved. It is a constantly need of improvement, even in the robotic production.In fact, robotic systems can achieve performances by conventional production processes. They affect quality, production time, and general safety. A robot will never be late to work, don't require lunch breaks, or sickness leaves. For example, for companies that produce products in large scale the orders have to meet a certain deadline. This can be achieved by robots working 24/24 hours compared to employees. The other robotic benefits include: using robots in manipulation and other field of industry where these machines are able to do the hard tasks, human can't one move easily to use and more cheaper in compare with humans. From the position of an investor, buying a robotic technology will have some cost with implementing the technology and make it work. The robot can work 24 hours/ 24 hours, 7 days with no salary paid and an increased speed in manipulation. Furthermore, the quality produced by the robots is constantly better in companison to the one produces by the employee, which can vary.Anyway, robots won't effect the human worker's in any way because they need the robots to make precise and fast procedures which can not be done by a simple worker, e.g. activities that are really dangerous to perform, for instance, dust cleaning, fix oil spills, analysis of hazardous environments or extremely dangerous polluted environments, space exploration or risky drilling operations that can be done well in possible.The negative impact of robots influences to our societies, it includes these aspects:Firstly, on social expenditure aspect, what if some of the often testing activities are needed to carry out by humans could be done by machines powered by artificial intelligence? Would that reduce the long-term testing costs? Would it increase the speed of testing? Would that be a clever strategy to adopt? Because (AI) needs to be tested often to ensure that users can rely on the decisions taken by (AI). If (AI) (robot) does wrong decision, it will influence inefficient productivities to manufacturers or non-manual driven auto vehicles will make wrong direction judgement to drive dangerous on roads. The, testing is one impact influence to manufacturers, when they need to spend too much money to test many times , its judgement can be made more accurate to help or assist human to do any tasks or activities. it need social money contribution to support to achieve any robots invention successfully.Secondly, on global labor market negative impact aspect, (AI) will have a fundamental impact on the global labor market in the coming years. A machine is powered by artificial intelligence can work reliably, 24/7 hours and it can not be distracted by other external circumstances. So, everyone involved in IT projects will either have come across (AI) already. Testing , (AI) and when using (AI) for testing demands, additional skills. It needs (AI) testers need to do all testing tasks. Rather, testing must be a team effort. Thus, in (AI) testers labor market, it will increase demand this kind od (AI) testers ( engineers) occupation needs. Such as business analysts, data scientists, programmers, operations and maintenance people and end users.

How Robots Bring Positive Or Negative Impacts To Global Societies

Author : John Lok
Publisher :
ISBN 13 : 9789358815948
Total Pages : 0 pages
Book Rating : 4.8/5 (159 download)

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Book Synopsis How Robots Bring Positive Or Negative Impacts To Global Societies by : John Lok

Download or read book How Robots Bring Positive Or Negative Impacts To Global Societies written by John Lok and published by . This book was released on 2023-10-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I write this book aim to let readers to feel whether how artificial intelligent technology will influence future technological development to influence human life. How can artificial intelligent tools can bring positive or negative impact to influence future technological development to developing and developed countries ? The another research questions: Should robotic production of factor of technology be caused to economic development? What is future (AI) artificial intelligent products development trend and reasonable development stages? How to predict consumer behaviors to persuade who to feel (AI) products are more satisfactory to their needs? Why do consumers feel them to need to buy any (AI) products to use? Will it have other similar products to replace (AI) any products? How is the reasonable stages to achieve future (AI) development in success? What are the different development stages between developed and developing countries ? Whether (AI) robotic workers can be instead of traditional human workers in these different new markets to bring positive or negative impaction to change human job nature change? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence, such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks to replace human jobs? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased. Whether (AI) will be raised either production or performance or unemployment to bring human job market more advantages or more disadvantages? In my this book, I shall explain whether (AI) will bring benefits or disadvantages to human job market.

Robots How Improve Economy Growth

Author : John Lok
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.8/5 (864 download)

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Book Synopsis Robots How Improve Economy Growth by : John Lok

Download or read book Robots How Improve Economy Growth written by John Lok and published by . This book was released on 2022-03-23 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Robotic Brings Future Labor And Business Market Change

Author : Johnny Ch Lok
Publisher :
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.6/5 (827 download)

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Book Synopsis How Robotic Brings Future Labor And Business Market Change by : Johnny Ch Lok

Download or read book How Robotic Brings Future Labor And Business Market Change written by Johnny Ch Lok and published by . This book was released on 2020-09-04 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI industry development first stageAlthough, (AI) technology will be popular to applied to different jobs, but it still needs social acceptance to replace some human jobs. Today, it is increasingly common for people to use robots in various situations at home and in retail stores, hotels and hospitals. Robots are classified into several types based on their functionality ( service and utility robots or those designed to communicate with humans ) and appearance ( humanoid robots or mechanical robots). The types of robot to which every country attaches particular important in the advance of robotics, reflects the sense of values and preferences of its population . Thus, (AI) will be applied to replace human to do these above different kinds of job nature. For example, U.S. has the highest level of robot utilization at home and an retail stores with its people being the most enthusiastic about the future use of robots. Otherwise, Germany shows a strong tendency to consider robots for industrial purposes, and its people feel strong to the presence of robots in their households. Japanese accepts to apply" human aid robot" that can communicate with humans and they have a high level of familiarity with robots.Hence, it implied those three countries have accept (AI) to replace human to do any these kinds of job duty and it will influence these three countries' workers lose their old occupations and who will unemployed absolutely, due to many (AI) robots replace them to do their job duties in the future. Also, US will have many retail service workers or retail warehouse workers are unemployed. Germany will have many manufacturing industry's workers are unemployed. Japanese will have many communication industry workers are unemployed, such as telephone service, shopping center services etc. different kind of service industry's service staffs . It will cause these kind of workers' competitive abilities are lost in themselves countries' jobs that require such skills include software developers, court judges, nurses, high school teachers, dentists and university lecturers, these occupations are still difficult to be replaced by (AI) robots.Are robots taking our jobs or making them? In fact, our societies will have unemployment challenges, even (AI) technology has not created before. However, after (AI) robots invention, some of human jobs will be replaced and it can raise many low skillful and low knowledge level worker unemployment number. However, I think that high productivity driven by increasingly powerful IT -enabled machines is the causes of global labor market problems and accelerating technological change will only make those problems worse. IT technology brings this question: Are robots killing human's jobs or benefiting human's jobs? I suppose that there is a limited amount of labor to be done. The implication is that technology can create unemployment by displacing workers, such as (AI) invention, because the more efficiently worker work ( using machines or (AI) robots), the loss work there is for workers to do. Even, any new jobs will be better done by machines or (AI) robots, and unemployment will still skyrocket. How do we know that humans will always be better at some work, or more importantly, enough work, than machines or (AI) robots, e.g. human drivers drive more safe or careful to compare (AI) robot drivers. But, the challenge is that it is not ensure that (AI) robots drivers must not drive careless to cause the chance of accident occurrences more than human drivers. However, technological change can be beneficial to innovation, automation and increasing productivity for businesses.

Robots Bring Positive Or Negative Changes To Human Societies

Author : John Lok
Publisher : Notion Press
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (883 download)

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Book Synopsis Robots Bring Positive Or Negative Changes To Human Societies by : John Lok

Download or read book Robots Bring Positive Or Negative Changes To Human Societies written by John Lok and published by Notion Press. This book was released on 2022-10-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future as well as how to influence human job market change. Robots may bring what positive or negative influences to human societies. In labor market part, I shall indicate how artificial intelligence technology influences future macro global economy change. Advances in artificial intelligence (AI) technology is for the progress in critical areas, such as health, education, energy, economy inclusion, social welfare and the environment. Thus, it brings this question: Which (AI) workers be instead of traditional human workers in these different new markets? In recent years, machines had been used to be human's tasks in the performance of certain tasks related to intelligence, such as aspects of image recognition. Experts also forecast that rapid progress in the field of specialized artificial intelligence will continue. Then, it also brings this question: Does (AI) exceed that of human performance on more and more tasks? If it is truth, will some of human jobs to be disappeared? (AI) will be instead of human some simple jobs, then unemployment rate to the low skillful and low educated workers will be increased.

Artificial Intelligence Impacts Human JOb Market Change

Author : Johnny Ch Lok
Publisher : Independently Published
ISBN 13 : 9781079013986
Total Pages : 40 pages
Book Rating : 4.0/5 (139 download)

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Book Synopsis Artificial Intelligence Impacts Human JOb Market Change by : Johnny Ch Lok

Download or read book Artificial Intelligence Impacts Human JOb Market Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-07-07 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through theeconomy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings moreadvantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.

How Artificial Intelligence Influences Labor Market Changes

Author : Johnny Ch Lok
Publisher :
ISBN 13 : 9781652564539
Total Pages : 128 pages
Book Rating : 4.5/5 (645 download)

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Book Synopsis How Artificial Intelligence Influences Labor Market Changes by : Johnny Ch Lok

Download or read book How Artificial Intelligence Influences Labor Market Changes written by Johnny Ch Lok and published by . This book was released on 2019-12-29 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: However, to answer the question: Whether (AI) technology machine labor will replace human worker more or assist human worker more. I shall indicate some examples to let readers to judge whether (AI) technology can create new jobs or reduce old jobs.Firstly, I shall explain what (AI) function is. (AI) is a service robot that performs useful tasks for humans or equipment excluding industrial automation application . Thus, the classification of a robot into industrial robot or service robot is done according to its intended application. It is also a personal service robot or a service robot for personal used for a non commercial task, usually by lay persons . Examples are domestic servant robot, and pet exercising robot. It is also a professional service robot or a service robot for professional used for a commercial task, usually operated by a properly trained operator. Examples, are cleaning robot for public places, delivery robot in offices or hospitals, fire-fighting robot, rehabilitation robot and surgery robot in hospitals. Thus, these functions will be future (AI) application to our daily life necessaries or business necessaries.However, some authors agree (AI) will bring negative outcomes of automation, due to raise competiveness, reduce human job nature. Otherwise, other authors argue (AI) will bring positive outcomes of automation, due to raise productivities, job creation, assist humans work. On the positive outcome hand, robots can increase productivity . This is particularly important for small-to medium sized businesses both are in developed and developing countries economies. It also enables large companies to increase their competitiveness through faster product development and delivery. Increased use of robot is also enabling companies in high cost countries to re shore, or bring back to their domestic base parts of the supply chain that will have previously outsourced to sources of cheaper labor. Currently, the greater threat to employment is not a automation, but an inability to remain competitive. Automation has led overall to an increase in labor demand and positive impact on wages. The reason is that the middle-income/middle-skilled jobs have reduced as a proportion of overall contribution to employment and earnings leading to fears of increasing income inequality, the skills range within the middle income bracket is large. Thus, robots are driving an increase in demand for workers at the higher -skilled and with a positive impact on wages. This issue is how to enable middle-income earners in the lower-income range to unskilled or retain. Finally, the (AI) positive impact supporter who argue the future will be robots and humans can work together. However, on the negative outcome hand, robots can substitute labor activities, but don't replace jobs. They believe that less than 10% of jobs are fully automatable. Increasingly, robots are used to complement and augment labor activities, the net impact on jobs and the quality of work is positive. Automation can provide the opportunity for humans to focus on higher-skilled, higher-quality and higher-paid tasks. Robots can improve productivity when they are applied to tasks that which perform more efficiently and to a higher and more consistent level of quality than humans. For example, increased productivity is enabling some firms, such as Whirlpool, Caterpillar and Ford Motors company in the US restructure their supply chains, bringing back parts of the manufacturing process to the country of origin. Thus, productivity gains due to robotics and automation are important not just at the company level, but also for build industry and nation competitiveness.

Artificial Intelligence Brings Positive Or Negative Impaction To

Author : Johnny Ch LOK
Publisher :
ISBN 13 : 9781096756040
Total Pages : 121 pages
Book Rating : 4.7/5 (56 download)

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Book Synopsis Artificial Intelligence Brings Positive Or Negative Impaction To by : Johnny Ch LOK

Download or read book Artificial Intelligence Brings Positive Or Negative Impaction To written by Johnny Ch LOK and published by . This book was released on 2019-05-03 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter Three Future works change: Automation, employment and productivity3.1How (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing , accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below:Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.

The Economics of Artificial Intelligence

Author : Ajay Agrawal
Publisher : University of Chicago Press
ISBN 13 : 0226833127
Total Pages : 172 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

The Fourth Industrial Revolution

Author : Klaus Schwab
Publisher : Currency
ISBN 13 : 1524758876
Total Pages : 192 pages
Book Rating : 4.5/5 (247 download)

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Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab

Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Currency. This book was released on 2017-01-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.

Robotic Brings Positive Or Negative Impacts to

Author : Johnny Ch Lok
Publisher : Independently Published
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis Robotic Brings Positive Or Negative Impacts to by : Johnny Ch Lok

Download or read book Robotic Brings Positive Or Negative Impacts to written by Johnny Ch Lok and published by Independently Published. This book was released on 2020-07-29 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Redefining management inthe workforce of artificial intelligence⦁Change management In the future, due to artificial intelligence influences to some kind of human jobs nature. So, the kind of human jobs of management methods will also need to change to adapt the artificial intelligence technology input to their organizations. It will cause challenges for every executive and manager if who won't have effort to manage their teams how to apply artificial intelligence technology to work efficiently and easily. For example, division of labor will change among humans and machines will increase. Thus, companies will have to adapt their training performance and talent strategies how to emphasize on work that how to make human judgment and skills and experimentation. Thus, (IA)'s greatest impact will be on administrative coordination and control tasks, such as scheduling, resource allocation.In fact, mangers will encounter this challenges: How to apply human experience and expertise to judge critical business decisions and practices when the information available is insufficient to suggest a successful course of action? Due to this kind of work will require new skills and mindsets. I shall indicate these change management methods to adapt (AI) technology. Such as: administration and routine tasks, scheduling, allocation of resources and reporting will fall within the intelligence machines, responsibilities that have long been reserved for humans. For example, a typical store manager or a lead nurse at a nursing home most constantly arrange shift schedules, accounting for staff members' absences owing to illness, vacation time or sudden departures.Thus, the managers need to learn how to arrange new division of labor within the organizations after (AI) technology had been implemented to the organization. Artificial intelligence is currently influencing into once considered exclusive to humans: assessing and acting on human emotions and personality traits. The influences to managers need to change their strategies to adapt (AI) technology implements include such as below: Firstly, managers need to spend the bulk of their time on coordination and control tasks from intelligent system implements. Their time spending on these major three aspects from impact of intelligent system: coordinate and control, solve problems and collaborate and people and community, strategy and innovation three aspects. Thus (AI) will influence managers need to change their judgment method to teach whose teams how to adapt the (AI) system operations in any organizations.Secondly, (AI) will influence top, middle and low level management needs to change to adapt the (AI) technology operations to any owned (AI) technology organizations in the future. Intelligent machines must be trained in context. Just like humans, on-the-job training is a requirement for such machines because they typically arrive with only very general capabilities. To get the most from (AI), managers at all levels must participate in the instructional experience and in the learning process and provides managers' familiarity with such systems on these aspects, e.g. How the system works and generate advice, how the system has a proven track record, how the system provides convincing explanations, how the system can make simple rule- based decisions.Thirdly, managers need to learn how to make judgment more accurate (AI) systems assistance. Although (AI) will invariably take on more routine work and even augment human decision-making, it won't judgment work, the application of human experience and expertise to critical business decisions when the information available is insufficient to suggest a successful course of action or reliable enough to suggest an obvious course of action.

Robotic Brings What Positive and Negative Social Influences

Author : Johnny Ch Lok
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.6/5 (347 download)

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Book Synopsis Robotic Brings What Positive and Negative Social Influences by : Johnny Ch Lok

Download or read book Robotic Brings What Positive and Negative Social Influences written by Johnny Ch Lok and published by . This book was released on 2020-04-07 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: (AI) big data gathering technological innovation can bring to help organizations to reduce staff number and divide labor to raise different department work efficiency and performance benefits. For the division of labor benefits example. This is a complex process into stages in which a worker can specialize, thus allowing who to perform that particular task more efficiently, i.e. at lower cost per unit of effective output than if who had to undertake the whole process. Such an improvement in efficiency results from the more effective learning, greater development of skills and more intensive application over a period of time which becomes possible when a task is easily within the capacity of one person.It is easily confused with advances in (AI) big data gathering technology, capital investment or scale of operation. Division of complex process into stages may subsequently allow the development of specialised technologies for the individual stages, and this may result in specialised equipment, and hence capital investment . Similiarly, if the process is carried out with less labor and/or lower raw material costs for each unit of output, those concerned may in principle decide either the produce more . Output or the produce the same output with less input. It seems technological innovation can bring low cost benefits. In fact, new technology imposes a diseconomy on the old, eg. functions using old technology are at a cost disadvantage and must adopt or eventually disappear under free competition. So, new technology is the source of growth and adoptation in economy. The solutions to a diseconomy of scape lies in a change of scope, for example, in this case different establishments operating at different times, and perhaps with different prices. If capital investment are differentiated be improved to give longer life and better use, which in effect reduces their cost in use. For example, continuing advantages in technology allow processes to be designed in such a way that which deliver the same output with ever decreasing inputs of materials, labor or energy. Thus waste is minimised by planning and the conservation of process energy, and maintenance is reduced by change of design or the use of new materials. It may often worth spending more on equipment initially to reduce those time dependent costs. This sort of efficiency is the most obvious effect of scope rather than scale.Deterioration and obsolescence means wear and tear are the changes which occur in artefacts as which are used, i.e. deterioration, or changes in quality or scope with time. These are not simply time effects because which depend both on the original design and on the conditions of use, such as maintenance skills and even simple care and attention. Obsolescence is difference to depreciation, it relates to the battle in the market place . The networks of markets brings products and therefore all conversion processes into competition for the same revenues. Old products will be not popular because which become harder to sell. Obsolescence, therefore depends not only on time, but also on competition, in the same time of business. It seems technological innovation can avoid obsolescence occurrence to old products to raise which competitive ability to the same markets. However, there was hardly an element in the competitive cost structures of conversion processes which was not disturbed in a way which differentiated country form country, industry from industry and firm from firm, such as (AI) big data technological innovation to any old products, which production of factor cost structures is the same basically.

Robots How Develop Economy

Author : John Lok
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.8/5 (864 download)

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Book Synopsis Robots How Develop Economy by : John Lok

Download or read book Robots How Develop Economy written by John Lok and published by . This book was released on 2022-03-21 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Robot Replaces Future Labour Market

Author : Johnny Ch Lok
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.7/5 (7 download)

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Book Synopsis How Robot Replaces Future Labour Market by : Johnny Ch Lok

Download or read book How Robot Replaces Future Labour Market written by Johnny Ch Lok and published by . This book was released on 2021-02-09 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relationship between (AI) and economy growth⦁How can artificial intelligence technology influence economy?Advances in artificial intelligence (AI) technology and related fields have opened up new markets and new opportunities progress in critical areas, such as health, education, energy, economic development, social welfare and the environment pollution.(AI) automation will continue to create wealth and expand the global economy development in the future. However, when many will benefits that growth won't be costless and will be accompanied by changes in the skills, that workers need to increase productivity in the economy and structural changes in the economy. So, in the skills that workers need to succeed in the economy and structural changes. I shall indicate why aggressive policy action will be needed to help Americans who are disadvantaged by these changes, due to (AI) technology is caused. For automation industry change example, artificial intelligence (AI) capabilities will enable automation of some tasks that have long required human labor. These artificial intelligence technology introduction can increase new opportunities for individuals. The economy and society, but (AI) has also the potential to disrupt be current livelihoods of many Americans. However, (AI) leads to unemployment and increase in inequality over the long run depends not only on the (AI) technology itself, but also on the institutions and policies that are changed. Thus, it is possible that (AI) technology will raise some countries unemployment number if the employer apply (AI) technology workers to work instead of human labor in their factories, but it can also raise productivities for these employers.⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production, due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction, it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists), due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.Because (AI) technology is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of (AI) will be felt unevenly though the economy. It will bring some tasks will be most easily automated than others, and some jobs will be affected more than others, both negatively and positively.