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world economic forum

Robots will take old jobs off humans and give them new ones, says World Economic Forum

September 17, 2018 by David Edwards

humans and robots

A new study by the World Economic Forum has found that robots might take millions of jobs off humans, but those jobs will be replaced with better-paying ones.

WEF conducted the detailed study in partnership with the Boston Consulting Group. Their findings strongly point to a future in which human workers will be increasingly retrained.

This type of activity – learning new skills – is already part of the current economic scenario as companies always look to compete, but robots will accelerate this trend.  [Read more…] about Robots will take old jobs off humans and give them new ones, says World Economic Forum

Filed Under: News Tagged With: reskilling, retraining, robots taking jobs, wef, world economic forum

World Economic Forum recognises Fetch Robotics as a ‘Technology Pioneer’

July 2, 2018 by Sam Francis

fetch RollerTop FetchRobotics copy

Fetch Robotics, a developer of warehouse robots, was selected from hundreds of candidates as a World Economic Forum “Technology Pioneer”.

Fetch Robotics is said to have made it to the selection for its contributions in the field of robotics, and for its ability to address the rapidly increasing demands for flexible warehouse automation.

Fetch Robotics develops and manufactures collaborative autonomous mobile robot solutions for the warehousing and intralogistics markets.  [Read more…] about World Economic Forum recognises Fetch Robotics as a ‘Technology Pioneer’

Filed Under: Logistics, Transportation Tagged With: fetch robotics, world economic forum

Robots are stealing the world’s fish, says World Economic Forum

January 22, 2018 by Sam Francis

fish shoal 1

A third of all fish consumed in the world are already caught illegally, and artificial intelligence and drone technologies are increasingly to blame, according to a report by the World Economic Forum into risks to the global economy.

WEF says that when the automation of illegal fishing is considered, the impact on fish stocks could be “devastating – particularly in international waters where oversight is weaker”.

Countless other areas exist where the same logic might unfold, says WEF, adding that huge short-term incentives might lead to the use of emerging technologies in ways that trigger irreversible long-term damage.  [Read more…] about Robots are stealing the world’s fish, says World Economic Forum

Filed Under: News Tagged With: artificial intelligence, drones, drones used in fishing, illegal fishing, world economic forum

World Economic Forum warns of widespread disruption caused by robots

September 27, 2017 by David Edwards

weforum

 

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.  [Read more…] about World Economic Forum warns of widespread disruption caused by robots

Filed Under: News Tagged With: robotics, wef, world economic forum

Artificial intelligence driving revenue growth, says Infosys

January 20, 2017 by Mark Allinson

US Secretary of State John Kerry in Davos
US Secretary of State John Kerry in Davos
US Secretary of State John Kerry at a previous World Economic Forum meeting in Davos

In a report specially prepared for the World Economic Forum meeting of world leaders from business and politics at Davos, Switzerland, Infosys says businesses and economies which adopt artificial intelligence are seeing dramatic growth. 

The IT consulting giant says companies and countries which embrace AI can expect to see revenue rise around 40 per cent by 2020.

Infosys adds that 80 per cent of AI adopters who can replace workers with computer systems are actually planning to retain and retrain their staff.  [Read more…] about Artificial intelligence driving revenue growth, says Infosys

Filed Under: Computing, News Tagged With: ai, artificial intelligence, davos, infosys, world economic forum

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Latest news

  • Will Automated Pre Roll Machines Boost Your Revenue?
  • Telexistence to install AI re-stocking robots in 300 convenience stores across Japan
  • Volvo Group to establish battery production plant in Sweden
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  • General Motors and Red Hat partner to develop software-defined vehicles
  • Benefits of cryptocurrency mingling with the real estate sector
  • Fanuc plans to double Michigan campus to accommodate ‘automation demand’
  • Kuka receives ‘record orders’ in first six months of year
  • Denso and Honeywell to develop electric engine for Lilium Jet
  • Stäubli Robotics and Quantum Surgical partner to develop robotic platform for cancer surgery

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