Tag: consumption

Food Industry Innovation: Blockchain and automation reinventing supply chains

Food Industry Innovation: Blockchain and automation reinventing supply chains

Blockchain is a decentralised information technology that could improve food supply chains by increasing transparency, efficiency, security, and trust. Blockchain could enable consumers, delivery drivers, stores, and food and beverage companies to have access to transaction history that is immutable and traceable. Blockchain could also reduce transaction cost and time, enhance consumer trust, production speed, and product efficiency, and improve food safety and policies.

Here are some ways in which blockchain technology is transforming the food and beverage industry:

Supply Chain Transparency: Blockchain technology can help improve supply chain transparency by providing real-time visibility into the entire supply […]

Rise of Artificial Intelligence: The Threat of Jobless Future or Better Job Opportunities Through Reskilling and Upskilling

“Success in creating AI would be the biggest event in human history. Unfortunately, it might also be the last, unless we learn how to avoid the risks.”

—Stephen Hawkins

Artificial Intelligence (AI) is the computer science that emphasizes the creation of intelligent machines that work and react like humans. It uses computers to mimic human cognitive processes for decision-making. AI is designed to perform various activities which include speech recognition, learning, planning, problem solving.The rise of Artificial Intelligence (AI) is a double-edged sword when it comes to jobs. There are valid concerns about some positions being automated, […]

The Intersection of IoT and Robotics: Transforming Industries and Workforce

The Intersection of IoT and Robotics: Transforming Industries and Workforce

iot in robotics The integration of IoT in robotics is not just about connecting devices; it’s about creating intelligent systems that can adapt and learn from their environment. These interconnected robotic softwares can optimize processes, predict maintenance needs, and enhance decision-making capabilities by harnessing the power of real-time data exchange and advanced AI algorithms.

From smart factories where robots collaborate with humans to optimize production lines, to autonomous vehicles navigating city streets, the possibilities are endless. As IoRT continues to advance, it promises to revolutionize industries, unlocking new levels of efficiency, safety, and innovation in the ever-evolving automation landscape. get […]

How Will Artificial Intelligence Affect Jobs 2024-2030?

How Will Artificial Intelligence Affect Jobs 2024-2030?

Artificial Intelligence (AI) is poised to significantly impact jobs from 2024 to 2030. AI applications like automation and robots are reshaping workplaces, potentially leading to job displacement but also creating new roles that demand expertise in data analysis and machine learning . The evolving landscape may see routine tasks automated, necessitating a shift towards roles requiring technical, creative, and social skills . In the recruitment sector, AI is streamlining processes, enhancing productivity, and altering HR functions, with a projected increase in AI adoption by businesses . Specifically in software engineering, AI is expected to automate many tasks, prompting the […]

Tech advances to cause job displacements

Tech advances to cause job displacements

Tech advances to cause job displacements Technological advancements hold the promise of improving efficiency, increasing productivity, and enhancing our quality of life. However, alongside these benefits, there is growing concern about the displacement of jobs resulting from automation and digitization. Many traditional jobs will become obsolete, leaving millions of workers without employment opportunities.

The rapid advancement of technology, particularly in areas such as artificial intelligence, robotics, and machine learning, has already begun to reshape industries and redefine the nature of work. Tasks and roles that were once performed by humans are now being automated, leading to fears of widespread job […]

Harmonising Horizons: The futuristic symphony of automation in 2024

Harmonising Horizons: The futuristic symphony of automation in 2024

Representative Image Automation refers to the use of technology to perform tasks with minimal human intervention. Here are the different types of automation:

Fixed Automation: In fixed automation, a predefined sequence of operations remains constant and cannot be customised by the user. It is commonly used in the mechanical industry for specific tasks. Think of it as a “set-it-and-forget-it” approach where the system configuration determines the sequence of operations.

Programmable Automation: Programmable automation allows users to modify the sequence of operations based on specific requirements. Users can customise the process by changing the order of steps. It provides flexibility […]

AI should improve our well-being, not just our productivity

AI should improve our well-being, not just our productivity

Design by Hailey Kim. In 1930, John Maynard Keynes, often called the “father of macroeconomics,” predicted that in the next century, people’s increased ability to meet their basic needs would lower the average work week to 15 hours. He could not have been more wrong. Although Americans today work relatively fewer hours than their parents did, they still work hundreds of hours more per day than adults in other developed countries.

The computer and internet boom of the 1990s was followed by increased consumer spending, not by people opting for more leisure. Efficiency improvements, which could have been used to […]

World Consumer Day 2024: Fair and Responsible AI for Consumers -The Case for Automation and Engineering

By Sarath Wijesinghe President’s Counsel (LL.M (UCL London)), former Ambassador to UAE and Israel, former Chairman of the Consumer Affairs Authority, President of the Lanka Ambassador’s Forum – United Kingdom, Solicitor in England and Wales

In the era of rapid technological advancement, Artificial Intelligence (AI) has become an important force driving innovation across various sectors. As we celebrate World Consumer Rights Day 2024, the theme “Fair and Responsible AI for Consumers” urges us to reflect on the ethical and societal implications of AI, particularly in automation, such as automated vehicles, and engineering.
AI’s integration into automation and engineering […]

Tractebel report looks at powering data centres with advanced reactors

Tractebel report looks at powering data centres with advanced reactors

Belgium-based Tractebel (part of France’s Engie) and its subsidiary company RED, have published a White Paper on how advanced reactors, including small modular reactors (SMRs), can supply energy to data centre communities. “Powering the 4th Industrial Revolution – Pioneering Data Centre Partnerships with Advanced Nuclear Technology” says data usage and processing are poised to undergo a radical expansion. The 32-page report notes “our ever-growing need for heightened connectivity and Artificial Intelligence (AI) to assist our daily requirements for efficiency, creativity, and automation of repetitive tasks”.

The combined electricity consumption of Big Tech firms is projected to exceed that of some […]

AI will terminate Australia

In his 2019 book. The Technology Trap: Capital, Labour and Power in the Age of Automation, Carl Benedikt Frey covers the history of the Industrial Revolution and how it affected society:

Frey’s argument rests on the distinction between labour-enabling technologies and labour-replacing technologies. As the names suggest, labour-enabling technologies complement workers, boosting productivity and opening up avenues for new employment, while labour-replacing technologies boot workers out of the labour market entirely, forcing them to re-skill or search for other opportunities.

The Technology Trap serves as a timely reminder that while technological change may benefit everyone over the long […]