World Economic Forum warns of widespread disruption caused by robots

 

The World Economic Forum has warned of widespread disruption caused by robots, in its latest report about global competitiveness. 

In its Global Competitiveness Index 2017, WEF says the most competitive countries are:

  1. Switzerland
  2. United States
  3. Singapore
  4. Netherlands
  5. Germany

The organisation says sustained economic recovery remains at risk due to lack of increases in productivity.  Continue reading World Economic Forum warns of widespread disruption caused by robots

Engineering companies struggling to find and keep talented young workers

engineering graduates
Picture courtesy of WonderfulEngineering.com

To anyone looking for work, it might sound strange to hear that some sectors of the economy are struggling to find and retain workers, but that’s the situation many engineering companies find themselves in. 

Finding, educating, training and retaining talented young people is not just a dilemma for engineering companies in one region or country, it’s a global issue.

But, paradoxically, while companies in some countries say there’s a problem finding engineering graduates, in other countries such as India, large numbers of engineering graduates are reportedly not having much luck finding jobs.

In those countries where there is a shortage, such as Germany and maybe the US, it’s not at crisis levels yet, but it’s a complication that large industrial companies are trying to alleviate in a variety of ways.  Continue reading Engineering companies struggling to find and keep talented young workers

World Economic Forum selects robotics and automation companies in its ‘Technology Pioneers 2017’ list

physee window

The World Economic Forum, the global nonprofit foundation whose annual meeting in Davos is attended by global leaders from business and politics, has published a list of companies which it considers to be the most pioneering in the field of technology.

In publishing its Technology Pioneers 2017 list, WEF has chosen 30 different companies to highlight from a variety of industries including biotechnology, agriculture, energy, transport, as well as a number of companies from the robotics and automation sector.

One of them is Horizon Robotics, a Chinese company which develops computer infrastructure to enable artificial intelligence computing and real-time decision-making, mainly aimed at enhancing self-driving vehicle safety.  Continue reading World Economic Forum selects robotics and automation companies in its ‘Technology Pioneers 2017’ list