Monday, 22 October, 2018

Machines to handle over half workplace tasks by 2025

Factory robot seen at the Wo Bit company building in Poland in July 2018 Factory robot seen at the Wo Bit company building in Poland in July 2018. JP Black—LightRocket Getty Images
Beatrice Douglas | 22 September, 2018, 13:12

A McKinsey report in December produced one of the rosier assessments, forecasting jobs lost and created by new technology might be about equal by 2030. The World Economic Forum estimates that machines will be responsible for 52 percent of the division of labor as share of hours within seven years, up from just 29 percent today. By 2022 this average is expected to have shifted to 58 percent task hours performed by humans and 42 percent by machines.

A new WEF report, The Future of Jobs 2018, predicts that 75 million jobs will be displaced by artificial intelligence (AI), robotics and automation.

"Despite bringing widespread disruption, the advent of machine, robots and algorithm could actually have a positive impact on human employment".

Meanwhile, employees should expect "significant shifts" in the quality, location, and format of new roles, meaning that the typical full time, permanent employee will be less dominant. But sectors where human skills remain relevant-such as sales, marketing, customer service, e-commerce and social media-will see a spurt in demand.


"It is critical that businesses take an active role in supporting their existing workforces through reskilling and upskilling, that individuals take a proactive approach to their own lifelong learning, and that governments create an enabling environment to facilitate this workforce transformation". The new roles will require additional skills sets for managing the interface between humans and technology, indicated the WEF.

'These net gains are not a foregone conclusion, ' WEF chairman Klaus Schwab said. There is both a moral and economic imperative to do so. The risk of slavery tainting supply chains will spiral as workers who lose their jobs due to increased robot manufacturing will be more vulnerable to workplace abuses as they jostle for fewer jobs at lower wages, said Alexandra Channer of Maplecroft.

The WEF Report titled "The Future of Jobs 2018" was based on a survey of human resources officers, strategy executives and CEOs from over 300 global companies across industries, representing 15 million employees and 20 developed and emerging economies.

Recommended

  • Ford: FBI should investigate Kavanaugh claim before hearing

    GOP leaders threw out those plans and agreed to reconvene next week to hear from Kavanaugh, who denies the allegations, and Ford. Ford, whose identity was unknown until Sunday, had sent a letter to Democratic Senator Dianne Feinstein in July.
    Nawaz Sharif, daughter, son-in-law's jail sentences suspended in corruption case

    Nawaz Sharif, daughter, son-in-law's jail sentences suspended in corruption case

    They were earlier sentenced to 10, seven and one year respectively in the case on July 6 by the Islamabad Accountability Court. Last month, IHC dismissed NAB's plea to adjourn the hearing for 2 days of Nawaz Sharif's petition against the Avenfield case.
    North and South Korea want to co-host the 2032 Olympics

    North and South Korea want to co-host the 2032 Olympics

    The agreement stated that Kim would travel to Seoul "as soon as possible", something no North Korean leader has ever done. The leaders also announced a series of steps to deepen bilateral exchanges in the economy, culture and sport.
  • Cristiano Ronaldo WILL NOT miss out on emotional return to Manchester United

    Cristiano Ronaldo WILL NOT miss out on emotional return to Manchester United

    A UEFA statement said: "Disciplinary proceedings have been opened following the UEFA Champions League group stage match between Valencia and Juventus ".
    North and South Korea to bid jointly for 2032 Olympics

    North and South Korea to bid jointly for 2032 Olympics

    Moon also spoke directly to the North Korean public, describing a peaceful future to an audience of some 150,000 people. North Korea also has returned what it says are remains of fallen American soldiers from the decades-old war.
    Roseanne Reveals Connor Character Cause Of Death + On Stage In LA Tonight

    Roseanne Reveals Connor Character Cause Of Death + On Stage In LA Tonight

    The Conners spinoff was announced by ABC after Barr agreed to relinquish any participation in it. ABC had no comment on Barr's revelations when reached by TVLine.
  • Suge Knight agrees to serve 28 years in prison

    Suge Knight agrees to serve 28 years in prison

    Knight has reportedly been experiencing health issues in recent years and told the judge he expects to die in prison. The incident happened after an argument over the making of Straight Outta Compton , a biopic about rap group NWA .
    Ivan Rakitic says he knew Messi would score his free-kick against PSV

    Ivan Rakitic says he knew Messi would score his free-kick against PSV

    Everton have been heavily linked with PSV's Eredivisie champion Hirving Lozano but La Liga champions Barcelona are keen, too. Netted the second himself after a brilliant turn, curling home from distance to continue his goal-scoring form this season.
    Aged over 70 and healthy? A daily aspirin won't help

    Aged over 70 and healthy? A daily aspirin won't help

    He said that the question of whether or not to prescribe aspirin to the healthy elderly is faced regularly by a typical GP. Aspirin has been widely used in healthy older adults to protect against cardiovascular disease and cancer.
  • Donald Trump urges Spain to 'build the wall' across the Sahara

    Donald Trump urges Spain to 'build the wall' across the Sahara

    Trump disagreed, according to Borrell's recollection, adding that "the Sahara border can't be bigger than our border with Mexico". Mr Trump won the 2016 USA presidential election partly by promising to build a wall across the 2,000-mile border with Mexico...
    Maroon 5 Set To Perform At Super Bowl 53 Halftime Show

    Maroon 5 Set To Perform At Super Bowl 53 Halftime Show

    Maroon 5 jokingly responded after the mix-up, tweeting at Henson, "Thanks for loving our performance from our seats at #SB50". Looking over their career, Maroon 5 could actually be a decent Halftime show if they make sure to invite all their friends.
    Cabinet clears ordinance to criminalise triple talaq

    Cabinet clears ordinance to criminalise triple talaq

    Apart from the triple talaq ordinance , Prasad informed the media about the other decisions taken by the Cabinet on Wednesday. However, since the practice was still prevalent, the court had asked the government to bring a law against the practice.

Gunmen attack Iran military parade, killing at least 12 Gunmen attack Iran military parade, killing at least 12 ISNA said an unnamed spokesman for the Revolutionary Guards blamed Arab nationalists backed by Saudi Arabia for the attack. State media said at least eight members of the elite Revolutionary Guard were killed in the attack.

Trump crushes Iran oil exports ahead of sanctions Trump crushes Iran oil exports ahead of sanctions Brent may fall more than $1 to $76.37 a barrel, while WTI crude prices may revisit their September 14 low of $67.94, he wrote. President Donald Trump pulled out of an worldwide nuclear deal with Iran and announced sanctions against OPEC member Iran .

Brett Kavanaugh case: US Senate committee postpones hearing on sexual assault allegations Brett Kavanaugh case: US Senate committee postpones hearing on sexual assault allegations In an email to judiciary committee staff, Ford's lawyer Debra Katz called the deadline "aggressive and artificial". Ford also requested that at no point during any potential hearing would she be in the same room as Kavanaugh .

Ted Cruz meets with voters in Webster Ted Cruz meets with voters in Webster There were almost 45,000 "O'Rourke" tweets as well, and all three terms became top trends in the U.S. It's frequently hit Texas political events since Trump announced plans to visit.

Arsenal chief executive Gazidis to join AC Milan Arsenal chief executive Gazidis to join AC Milan Emery was left in the dark over Gazidis' future, as shown in a press conference before Arsenal's 0-2 win over Newcastle . Resignation takes effect on October 31 appeared first on Happenings In Nigeria .

Magician Shin Lim Wins 'America's Got Talent' Season 13 Magician Shin Lim Wins 'America's Got Talent' Season 13 America's Got Talent on Wednesday crowned a Season 13 victor : magician Shin Lim . Cowell previously said that Garth Brooks should write for the contestant.

Cleveland Browns Finally Win A Game And Fans Can't Even Cleveland Browns Finally Win A Game And Fans Can't Even Taylor had a miserable game before his exit, completing only 4 of 14 passes for 19 yards while being sacked four times. Carlos Hyde scored twice from 1 yard out to help deliver the Browns their first win since Christmas Eve of 2016.

Galaxy A7 (2018) is Samsung\'s first triple-rear-cam phone Another interesting feature of the Galaxy A7 (2018 ) is the unorthodox placement of the fingerprint sensor. Unlike the P20 Pro and the iPhone XS , the Galaxy A7's price point puts it in the midrange category.

Meghan Markle's Mom Attends Daughter's First Royal Speech at Cookbook Launch Meghan Markle's Mom Attends Daughter's First Royal Speech at Cookbook Launch Prince Harry was also present to support his wife at the launch of the charity cookbook titled Together: Our Community Cookbook. She helped to make chapatis and grill koftas as she launched the cookbook in Perk's Field, outside Kensington Palace .

UEFA set to investigate Juventus over Cristiano Ronaldo's mega signing this summer UEFA set to investigate Juventus over Cristiano Ronaldo's mega signing this summer Referee Felix Brych showed Ronaldo a straight red card after discussing with his assistant behind the goal. Valencia were even awarded a third spot-kick of the match deep into injury-time but Daniel Parejo missed.

Stakes high as North, South Korean leaders hold 3rd summit Stakes high as North, South Korean leaders hold 3rd summit We need to have "a more concrete agreement on inter-Korean relationships and reducing the [military tension]", he said. Talks between the United States and North Korea have stalled since Kim's meeting with Trump in Singapore in June.

Minnesota Timberwolves: 3 trade options for a disgruntled Jimmy Butler Butler has reportedly given the Timberwolves a list of one to three teams where he would be open to signing a contract extension. The max contract that the Timberwolves could offer Butler could be worth five years and $189 million.

Antonio Brown Wasn't At The Steelers Facility For Monday Meetings Antonio Brown Wasn't At The Steelers Facility For Monday Meetings Pittsburgh Steelers wide receiver Antonio Brown showed up for work Wednesday after missing practice earlier in the week. Brown's Monday absence caused a firestorm of speculation that he was unhappy with the franchise.

Some fans warn Manchester United ahead of Young Boys clash Some fans warn Manchester United ahead of Young Boys clash We want to start well, winning games and of course try to win this competition, but we know its always hard to win". The 20-year-old's playing time has been subject to scrutiny in recent days and has clearly irked the United boss.

Sony Offers PlayStation Classic Mini-Console With 20 Games on December 3 Sony Offers PlayStation Classic Mini-Console With 20 Games on December 3 The console has been somewhat modernized to keep up with the times, but it still gets you the retro gaming experience you want. There were a lot of great games on the original PlayStation, so narrowing the Classic to just 20 seems like a hard task.