The implementation of robotic process automation (RPA) is enabling enterprises to execute business processes 5-10 times faster with an average of 37 percent fewer resources, according to a report released this week by Information Services Group (ISG). However, the productivity gains are not necessarily leading to mass layoffs, but rather the redeployment of employees to handle higher-value tasks and a greater volume of work, according to ISG.
We don’t know how quickly machines will displace people’s jobs, or how many they’ll take, but we know it’s happening -- not just to factory workers but also to money managers, dermatologists and retail workers. The logical response seems to be to educate people differently, so they’re prepared to work alongside the robots or do the jobs that machines can’t. But how to do that, and whether training can outpace automation, are open questions.
The fund comes as President Donald Trump has made bringing back manufacturing jobs a big part of his agenda, and it fits into Apple's larger effort to create jobs across its spectrum, from its own employees to app developers to its suppliers. As advanced manufacturing jobs are in high demand in the U.S., the sector was already high on Apple's list of priorities, and Cook hopes the investment will spur even more job creation.
In one of the more egregious abuses of the program, the Times reported, Tata Consultancy Services used H-1B workers to watch how Toys R Us accountants did their jobs, ultimately leading to the jobs moving overseas.
Toxic workplaces -- where harassment, stereotyping and bullying occur -- are driving away women and people of color, undercutting technology companies' efforts to increase diversity and costing an estimated $16 billion a year.
Artificial intelligence (AI) is the wave of the future, the influential technologist told CNBC, calling it the "singular thing that will be larger than all of human tech revolutions added together, including electricity, [the] industrial revolution, internet, mobile internet -- because AI is pervasive." "It is the decision engine that will replace people," Lee said, adding that AI capabilities far exceed those of humanity.
Analysts from WalletHub used 17 key metrics to compare STEM job markets in the 100 largest U.S. metro areas. The 17 metrics were used to evaluate two dimensions—“professional opportunities” and “STEM-friendly environment.” Examples of the metrics include share of workforce in STEM and STEM-employment growth, which both received double-weight points, R&D spending and R&D intensity, quality of engineering universities and family-friendliness, among others.
A top American IT industry advocacy group today (4/18) called for improving upon the existing H-1B visa system, the most sought-after by Indian IT firms and professionals, saying it makes US companies competitive and drives innovation in the country.
On the campaign trail, Trump often railed against the H-1B visa, a nonimmigrant visa that lets U.S. companies employ foreign workers in specialty occupations. The H-1B has been a favorite of the tech industry, and tech leaders are anxious to keep it. But a recent research paper estimated the use of the visa had suppressed overall tech industry wages by up to 5.1 percent.