Tag: software

Study Shows Skills Shortage Is a Reality for Nine Out of Ten German SMEs

Study Shows Skills Shortage Is a Reality for Nine Out of Ten German SMEs

Press release from the issuing company Challenge: A widespread problem that extends beyond the printing industry Catching up to do: Almost half of SMEs only moderate when it comes to digitalization

Solution: Artificial intelligence, machinery, and robotics offer potential remedies

German SMEs are suffering a massive skills and workforce shortage – a fact highlighted by a representative survey among SME decision-makers that the F.A.Z. Institute conducted for Heidelberger Druckmaschinen AG (HEIDELBERG). According to this survey, nine out of ten German SMEs do not have enough staff. Just under half (49 percent) said they were badly or very badly affected […]

OneVision Software at drupa 2024

OneVision Software at drupa 2024

Press release from the issuing company

Software manufacturer OneVision is showcasing many possibilities for automating production processes at drupa in Düsseldorf from May 28 to June 7. For the first time, OneVision is demonstrating its solutions for digital production tracking throughout the entire production process.

Regensburg/Düsseldorf. The topic of this year’s premier exhibition for the global printing industry is “We create the future”. Automation and digitalization are key subjects to be addressed. Optimizing production processes can save valuable time and costs, especially during skilled worker shortages and rising costs, making print businesses more future-proof.Automation specialist OneVision invites drupa visitors to […]

Sharing the benefits of technological progress

Sharing the benefits of technological progress

High-tech-city-skyline-hologram.-3D-rendering. Image: iStock / Jarmo Piironen This is the first of three articles discussing how the benefits of technological progress are shared, and thus determine the distribution of income and influence our economic and social structures. This first article focuses on how these benefits have been shared historically.

Throughout history the growth in living standards has come from increasing productivity and over thousands of years almost all that productivity growth has been driven by technological progress. Furthermore, the standard model used by economists who study economic growth typically assumes that this increase in productivity is more or less equally […]

Bill Gates Anticipates AI Revolution’s Impact on Labor Market and Employment

The advance of AI technologies is reshaping the labor market, leading to significant reductions in human workforces globally. In emerging economies, certain call centers have astonishingly dismissed up to 90% of their staff as automation takes hold. Studies concerning the future of jobs predict a challenging transition period for workers as society shifts towards widespread automation.

While some view the rise of AI primarily as a marketing strategy designed to weather a potential “AI winter,” others, like Bill Gates, recognize the profound changes AI could bring. Gates, who has substantial investments in artificial intelligence, opined in a discussion on Sam […]

Do you really need AI for your business?

Do you really need AI for your business?

Here are some ways you can use AI to increase efficiency and productivity in your company

EBL On-Demand KN Piers Linney How can SMEs effectively implement AI in their business? What are the steps to choosing the right AI solution for your company? The first day of the Elite Business Live 2024 saw hundreds of attendees in the audience as former Dragon Den Piers Linney took to the stage for the Digital Transformation keynote. Piers Linney, a serial entrepreneur and co-founder of Implement AI, spoke about the advantages of using artificial intelligence in your business – and why AI […]

New Era of Workforce Transformation: AI’s Impact on Jobs

New Era of Workforce Transformation: AI’s Impact on Jobs

As the wheel of technological progress continues to turn, we find ourselves on the cusp of a new transformative period. Goldman Sachs, a notable U.S. investment bank, released a study in 2023 predicting a seismic shift due to advancements in “generative” artificial intelligence (AI). It suggests that this new tech wave might not only improve global productivity but also disrupt the job market significantly. An estimated 300 million jobs across the United States and Eurozone could be affected by automation.

From the origins of the Industrial Revolution, productivity has hinged on breaking down complex tasks into simpler, more efficient processes. […]

How Automation Influences the Future of Work

How Automation Influences the Future of Work

The integration of artificial intelligence (AI) into the workplace is no longer a matter of future speculation—it’s an evolving reality reshaping industries and job roles. Katharina Grienberger, a labor market researcher, probes the extent to which various professions could technically be substituted by machines, offering fresh insights into future trends.

Professions across the spectrum, from editorial roles to specialized technical jobs, are experiencing the impact of tools like ChatGPT . These innovative AI applications do not only enhance productivity but also provoke questions about the future of human employment in certain sectors. According to the data, the rise of AI […]

Deep Dive: China shifts to automation, industrial robots to address shrinking workforce and stay competitive

Deep Dive: China shifts to automation, industrial robots to address shrinking workforce and stay competitive

New report revealed that China has more than 12 times the number of robots in its workforce than expected, but still relies on foreign parts for the machines

China hopes to offset labour shortfalls, demographic decline with smart manufacturing and advanced technology

Sue Ng Sue joined the Post in 2021. She graduated from the University of Hong Kong with a double major in journalism and counselling.Comment Latest Articles Listening Better English 5-minute listening: All about the secret agents of the Michelin Guide 21 mins ago English exercises Better English Study Buddy (Challenger): How ballet is countering the anorexic stereotype […]

The ethical implications of AI in business: Balancing automation and human values

The ethical implications of AI in business: Balancing automation and human values

Artificial Intelligence (AI) is now a big part of how businesses work, changing industries and making things more efficient. As AI gets better, businesses are using automation more to make things smoother, spend less money, and make better decisions. According to the news report , the global AI market is projected to reach $1,811.8 billion by 2030, growing at a compound annual rate of 37.3% from 2023 to 2030. However, this digital transformation begets ethical considerations. The deployment of AI in business operations raises significant ethical queries encompassing privacy concerns, algorithmic biases, and potential repercussions on employment. Striking the […]

The Intersection of Artificial Intelligence, Automation, and Human Contribution

The Intersection of Artificial Intelligence, Automation, and Human Contribution

The future of work is being reshaped by advancements in artificial intelligence (AI) and automation, transforming industries and job roles. While AI and automation offer efficiency and new opportunities, they also present challenges regarding the human role in a rapidly evolving job market. This article explores how these technologies are changing the workforce, the importance of human skills in the new landscape, and strategies for adapting to the future of work.

In an era where artificial intelligence (AI) and automation are no longer just buzzwords but realities reshaping our daily lives, the future of work stands at the brink […]