Why Brands Should Leverage Robots, How Robots Are Being Utilized By Companies To Replace Human Workers, And The Implications Of Having A Robotic Workforce On Gross Domestic Product And Jobs PDF Download

Author: Dr Harrison Sachs
Publisher:
ISBN:
Category :
Languages : en
Pages : 28

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This essay sheds light on why brands should leverage robots and elucidates how robots are being utilize by companies to replace human workers. Moreover, the implications of having a robotic workforce on gross domestic product and jobs is delineated in this essay. A new development that is related to relationship marketing that is likely to emerge as companies strive to become the premium brand in their respective niches is the utilization of robots on a global scale as a mean to provide exceptional value to customers. Robots are perhaps the quintessential employees for brands to leverage since they are far less costly to employ and are not a liability to the company. Robots are also far more productive and efficient at accomplishing specific tasks than humans and do not require a salary nor wage. Moreover, robots do not demand fringe benefits, "cannot make errors as a result of having already been programmed to execute specific tasks flawlessly, never call in sick for work, and will never show up late for work" ("What is a,"). Industrial manufacturing robots, kitchen robots, retail robots, warehouse robots, hospital robots, hotel robots, packaging robots, agricultural robots, semi-automated machines, and automated software processes are becoming more prevalent on a global scale. For instance, the usage of industrial manufacturing robot have been an enormous benefit to the manufacturing industry. The utilization of industrial manufacturing robot has not only rendered the production of products more viable on a global scale along with minimal manufacturing deficiencies and higher quality control standards being upheld, but has also rendered product prices far more affordable. The displacements of a human factory workforce for a robotic workforce has revolutionized the manufacturing industry. Since nearly every job can be broken down into a set specific tasks, robots are continually being programmed to have the capabilities necessary to flawlessly complete the requisite set of tasks for more and more jobs. The usage of robots by brands will become far more profound as robots become more sophisticated and can do far more beyond just completing a set of specific tasks, such as preparing food, transporting luggage, moving around warehouse items, manufacturing products, and providing hospitality services. Artificial Intelligence will likely be able to more effectively communicate with humans and assimilate knowledge more expeditiously as machine learning and other technologies become more advanced. Robots and semi-automated machines are able to provide customers with services instantaneously without making any critical errors. Furthermore, companies can pass on the cost savings associated with having semi-automated machines and robots as part of their workforce to provide customers with lower prices which ultimately renders more value to the prices of the company's brand products. The utilization of robots not only allows "consumers would not only be able to reap a bigger bang for their buck" ("bang for the," ) when procuring products and services, but also become more satisfied with the brand as a result of the brand being able to exceed their expectations in regards to the pricing, quality of service, speed of service, and level of the reliability of the service. Robots should be utilized on a global scale by brands in order to eminently enhance the quality of services that relationship marketing activities can provide to consumers. If the robotics industry were to substantially grow and become mainstream then more markets would be brought to fruition and a copious amount of new jobs would also be created as demand for business robots amplifies. Moreover, gross world product could reach an unprecedented height if nearly all positions for rudimentary jobs were displaced by robot workers which would ultimately allow companies to substantially decrease their labor costs and provide services in a more expeditious manner.

Author: Johnny Ch LOK
Publisher:
ISBN:
Category :
Languages : en
Pages : 775

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Some researchers constructed a measure of the use of robots--commonly referred to as "robot intensity"--to estimate trends in robot exposure across more than 250 metropolitan areas and over time, finding that: During the Great Recession, robot intensity plummeted. But since 2009, robot intensity has sharply increased nationwide. They felt that robots may influence recession in possible. How are robots going to affect our jobs? Most analysis tends to be prospective in nature, and estimates of future impacts on employment vary widely, with some studies predicting that as many as 50 percent of all workers are at risk of losing their jobs to automation. Even less is understood about the actual impacts of robots on jobs, wages, and workers today. If there are many low skillful jobs e.g. cleaner, warehouse deliver, cooker, restaurant waiter etc., even high skillful jobs, e.g. accountant, lawyer, doctors etc. occupations are replaced by robotics. Then, our societies will increase unemployed people number. Consequently, great recession will be caused by robotic workers because when our societies have many people lose jobs, then many people loss income, then our consumption desires may be influenced to reduce. Consequently, many businesses may lose many customers. Low consumption desires may bring serious recession to any countries, due to robotic workers number increases to replace human workers in global societies. The reason is that new technologies of the period have enabled people to be very productive while working part-time. Businesses do not need large numbers of employees, so individuals can devote most of their waking hours to hobbies, volunteering, and community service. In conjunction with periodic work stints, they have time to pursue new skills and personal identities that are independent of their jobs. Developed countries may be on the verge of a similar transition. Robotics and machine learning have improved productivity and enhanced the economies of many nations. Artificial intelligence (AI) has advanced into finance, transportation, defense, and energy management. The internet of things (IoT) is facilitated by high-speed networks and remote sensors to connect people and businesses. In all of this, there is a possibility of a new robotic society that could improve the lives of many people, but it also encourage future businesses apply robotics to replace human workers to do many jobs in finance, transportation, defense and energy management, medical health, hotel, tourism, cinema, theatre etc. entertainment service fields. So, robotics may bring reducing cost benefits to businessmen, but they can also increase workers losing jobs number in our societies if future many businesses make decision to apply robotics to replace human workers to do any simple ot complex jobs in global job market. A McKinsey Global Institute analysis of 750 jobs concluded that "45% of paid activities could be automated using 'currently demonstrated technologies' and . . . 60% of occupations could have 30% or more of their processes automated."[6] A more recent McKinsey report, "Jobs Lost, Jobs Gained," found that 30 percent of "work activities" could be automated by 2030 and up to 375 million workers worldwide could be affected by emerging technologies. Researchers at the Organization for Economic Cooperation and Development (OECD) focused on "tasks" as opposed to "jobs" and found fewer job losses. Using task-related data from 32 OECD countries, they estimated that 14 percent of jobs are highly automatable and another 32 have a significant risk of automation. Although their job loss estimates are below those of other experts, they concluded that "low qualified workers are likely to bear the brunt of the adjustment costs as the automatibility of their jobs is higher compared to highly qualified workers."

Author: Johnny Ch Lok
Publisher:
ISBN:
Category :
Languages : en
Pages : 170

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Book Description
AI industry development first stageAlthough, (AI) technology will be popular to applied to different jobs, but it still needs social acceptance to replace some human jobs. Today, it is increasingly common for people to use robots in various situations at home and in retail stores, hotels and hospitals. Robots are classified into several types based on their functionality ( service and utility robots or those designed to communicate with humans ) and appearance ( humanoid robots or mechanical robots). The types of robot to which every country attaches particular important in the advance of robotics, reflects the sense of values and preferences of its population . Thus, (AI) will be applied to replace human to do these above different kinds of job nature. For example, U.S. has the highest level of robot utilization at home and an retail stores with its people being the most enthusiastic about the future use of robots. Otherwise, Germany shows a strong tendency to consider robots for industrial purposes, and its people feel strong to the presence of robots in their households. Japanese accepts to apply" human aid robot" that can communicate with humans and they have a high level of familiarity with robots.Hence, it implied those three countries have accept (AI) to replace human to do any these kinds of job duty and it will influence these three countries' workers lose their old occupations and who will unemployed absolutely, due to many (AI) robots replace them to do their job duties in the future. Also, US will have many retail service workers or retail warehouse workers are unemployed. Germany will have many manufacturing industry's workers are unemployed. Japanese will have many communication industry workers are unemployed, such as telephone service, shopping center services etc. different kind of service industry's service staffs . It will cause these kind of workers' competitive abilities are lost in themselves countries' jobs that require such skills include software developers, court judges, nurses, high school teachers, dentists and university lecturers, these occupations are still difficult to be replaced by (AI) robots.Are robots taking our jobs or making them? In fact, our societies will have unemployment challenges, even (AI) technology has not created before. However, after (AI) robots invention, some of human jobs will be replaced and it can raise many low skillful and low knowledge level worker unemployment number. However, I think that high productivity driven by increasingly powerful IT -enabled machines is the causes of global labor market problems and accelerating technological change will only make those problems worse. IT technology brings this question: Are robots killing human's jobs or benefiting human's jobs? I suppose that there is a limited amount of labor to be done. The implication is that technology can create unemployment by displacing workers, such as (AI) invention, because the more efficiently worker work ( using machines or (AI) robots), the loss work there is for workers to do. Even, any new jobs will be better done by machines or (AI) robots, and unemployment will still skyrocket. How do we know that humans will always be better at some work, or more importantly, enough work, than machines or (AI) robots, e.g. human drivers drive more safe or careful to compare (AI) robot drivers. But, the challenge is that it is not ensure that (AI) robots drivers must not drive careless to cause the chance of accident occurrences more than human drivers. However, technological change can be beneficial to innovation, automation and increasing productivity for businesses.

Author: Harrison Sachs, Dr
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 90

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Book Description
This essay sheds light on the future of the robotics industry and explicates how robots will revolutionize ample industries. Moreover, the benefits of leveraging robots in global industries are demystified in this essay. Furthermore, how to earn substantial money online in the digital era so that you can afford to integrate robots into your own business is expounded upon in this essay. The future of the robotics industry will not only be characterized by dynamism as it continues to metaphorically evolve, but will also be eminently auspicious for robot manufacturing companies even though it will present fewer job opportunities for human laborers. In the coming years, the robotics industry will continue to make advancements to robotic technologies that extend beyond the ambit of robots being able to efficaciously leverage the power of deep learning to flawlessly execute learned tasks. Technological breakthroughs are being made in the growing field of robotics for the prospect of rendering robots intelligent and autonomous. "The current focus of the industry tends to be on giving robots vision. Specifically, the rise of machine vision technology. This, combined with the advancement of the Internet of Things, gives robots the ability to process images and understand what they are 'seeing'. As this technology continues to proliferate, the next step is giving robots the ability to apply these things to learn on their own. For example, a robot can currently be programmed to pick up and place items, but in the future, it will combine machine vision with machine learning to figure out its own programming through trial and error" (Davids, 2018). By leveraging machine learning and machine vision robots will be capable of seamlessly learning anything complex. In the coming decades, advancements will be made in the areas of machine learning, machine vision, deep learning, artificial intelligence, and robotic mobility. In the coming years, the robotics industry will also give rise to more collaborative robots which will work alongside human laborers. "This reflects the focus of the industry towards creating robots that are simpler, easier to program, and able to integrate into current processes. To make these robots safe, there is a large market for safety sensors that ensure humans can work alongside the robots without any significant risks. Machine vision will contribute to this as well, offering robots the ability to 'see' when someone is in their workspace" (Davids, 2018). Human will work alongside collaborative robots in order to be able to complete tasks more efficiently and productivity through sequential collaboration efforts. The future of the robots industry is not limited to advancements in collaborative robots, such as hand guiding collaborative robots or "speed and separation" ("What are the," 2019) collaborative robots. "The future will continue to enhance technologies, such as 3D embedded vision, multispectral, and hyperspectral imaging. This, combined with artificial intelligence and deep learning, will empower industrial robots to improve themselves and keep pace with the human workers around them" (Davids, 2018). In the coming decades, robots will have the capability to outperform human laborers in every facet a job as they become more technologically advanced. Robots will not only be able to teach themselves how to perform cumbersome tasks, but will also be able to incessantly work without taking breaks nor making errors. Robots can also work around the clock without succumbing to fatigue and can also work in a lights out environment with air conditioning. Beyond collaborative robots becoming more prevalently leveraged by companies in the pending years, industrial robots will also be utilized more by companies in the coming years. "The industrial robot industry for instance is expected to grow 175% over the next nine years and will result in more competition and innovation" (Davids, 2018).

Author: World Bank
Publisher: World Bank Publications
ISBN: 1464813566
Category : Business & Economics
Languages : en
Pages : 148

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Book Description
Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report will study how the nature of work is changing as a result of advances in technology today. Technological progress disrupts existing systems. A new social contract is needed to smooth the transition and guard against rising inequality. Significant investments in human capital throughout a person’s lifecycle are vital to this effort. If workers are to stay competitive against machines they need to train or retool existing skills. A social protection system that includes a minimum basic level of protection for workers and citizens can complement new forms of employment. Improved private sector policies to encourage startup activity and competition can help countries compete in the digital age. Governments also need to ensure that firms pay their fair share of taxes, in part to fund this new social contract. The 2019 World Development Report presents an analysis of these issues based upon the available evidence.

Author: Erik Brynjolfsson
Publisher: W. W. Norton & Company
ISBN: 0393239357
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
The big stories -- The skills of the new machines : technology races ahead -- Moore's law and the second half of the chessboard -- The digitization of just about everything -- Innovation : declining or recombining? -- Artificial and human intelligence in the second machine age -- Computing bounty -- Beyond GDP -- The spread -- The biggest winners : stars and superstars -- Implications of the bounty and the spread -- Learning to race with machines : recommendations for individuals -- Policy recommendations -- Long-term recommendations -- Technology and the future (which is very different from "technology is the future").

Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Author: Klaus Schwab
Publisher: Currency
ISBN: 1524758876
Category : Business & Economics
Languages : en
Pages : 192

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Book Description
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

Author: Johnny Ch Lok
Publisher:
ISBN: 9781652564539
Category :
Languages : en
Pages : 128

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Book Description
However, to answer the question: Whether (AI) technology machine labor will replace human worker more or assist human worker more. I shall indicate some examples to let readers to judge whether (AI) technology can create new jobs or reduce old jobs.Firstly, I shall explain what (AI) function is. (AI) is a service robot that performs useful tasks for humans or equipment excluding industrial automation application . Thus, the classification of a robot into industrial robot or service robot is done according to its intended application. It is also a personal service robot or a service robot for personal used for a non commercial task, usually by lay persons . Examples are domestic servant robot, and pet exercising robot. It is also a professional service robot or a service robot for professional used for a commercial task, usually operated by a properly trained operator. Examples, are cleaning robot for public places, delivery robot in offices or hospitals, fire-fighting robot, rehabilitation robot and surgery robot in hospitals. Thus, these functions will be future (AI) application to our daily life necessaries or business necessaries.However, some authors agree (AI) will bring negative outcomes of automation, due to raise competiveness, reduce human job nature. Otherwise, other authors argue (AI) will bring positive outcomes of automation, due to raise productivities, job creation, assist humans work. On the positive outcome hand, robots can increase productivity . This is particularly important for small-to medium sized businesses both are in developed and developing countries economies. It also enables large companies to increase their competitiveness through faster product development and delivery. Increased use of robot is also enabling companies in high cost countries to re shore, or bring back to their domestic base parts of the supply chain that will have previously outsourced to sources of cheaper labor. Currently, the greater threat to employment is not a automation, but an inability to remain competitive. Automation has led overall to an increase in labor demand and positive impact on wages. The reason is that the middle-income/middle-skilled jobs have reduced as a proportion of overall contribution to employment and earnings leading to fears of increasing income inequality, the skills range within the middle income bracket is large. Thus, robots are driving an increase in demand for workers at the higher -skilled and with a positive impact on wages. This issue is how to enable middle-income earners in the lower-income range to unskilled or retain. Finally, the (AI) positive impact supporter who argue the future will be robots and humans can work together. However, on the negative outcome hand, robots can substitute labor activities, but don't replace jobs. They believe that less than 10% of jobs are fully automatable. Increasingly, robots are used to complement and augment labor activities, the net impact on jobs and the quality of work is positive. Automation can provide the opportunity for humans to focus on higher-skilled, higher-quality and higher-paid tasks. Robots can improve productivity when they are applied to tasks that which perform more efficiently and to a higher and more consistent level of quality than humans. For example, increased productivity is enabling some firms, such as Whirlpool, Caterpillar and Ford Motors company in the US restructure their supply chains, bringing back parts of the manufacturing process to the country of origin. Thus, productivity gains due to robotics and automation are important not just at the company level, but also for build industry and nation competitiveness.

Author: Johnny Ch LOK
Publisher:
ISBN:
Category :
Languages : en
Pages : 119

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Book Description
I suppose that productivity can be raised. What are the impacts of robots on employment? Firstly, the main focus of development has been on personal entertainment, which does not drive worker productivity ( manufacturing production). When the internet ( information and communication technology (ICT)) innovation. This is borne and by findings that manufacturing productivity, which has been driven by innovations in automation rather than consumer technologies, has government strongly than productivity in the services sectors of the economy in most nature economies. It seems (AI) automation will create many jobs in internet communication entertainment game industry. For example, many young people like to use internet to play any electronic games from computer or mobile at home or outside home conveniently. Thus, (AI) automation will increase demand to be invented to any new entertainment game from internet channel. It will need to employ many (AI) entertainment game inventors to create many automation entertainment games. Thus, (AI) automation in internet entertainment game industry will need human (AI) entertainment game inventors to invent the knowledge-based capital of (AI) automation entertainment games. The (AI) entertainment game inventors will need own research and development skills, form specific skills, organizational know-how skills, databased knowledge, design and various forms of intellectual property to do these (AI) automation entertainment game invention occupations in the future.International Federation Of Robotics(2016) indicated that China will be as a major robotics manufacturer and user of robots, benefiting from jobs created by robot manufacturing and productivity gains from robot use. Chins had sold of robots to any one single market every year since 2017 year. The Chinese government has included a focus on robotics in its 10 year strategy. In order to achieve its target of a robot density of 150 units per 10, 000 workers by 2020 year. Thus, Chinese companies will have to install around 650,000 new industrial robots between 2016 to 2020 year, 2.5 times more than installed globally in 2015 year. Hence, China (AI) manufacturing industry will need to employ many workers . It implies (AI) manufacturing industry will create many new occupations in China. Also, ministry of economy, trade and industry (2015) also showed that Japan currently has the largest stock of industrial robots in operations, primarily in the automation industry. Driven by a rapidly aging population and low productivity rates, the Japanese government has sights on a 20-fold increase in the use of robots in the non-manufacturing sector and a three-fold growth rate of labor productivity in the service sector both by 2020 year. Thus, it also implies Japan will need many robots to be provide to service industry. Due to robots will provide to serve any businessmen's clients. Thus, it is possible that the service workers won't be dismissed as well as it is depended on the serving job nature to decide whether Japan's service workers can still serve to their employer when the service (AI) robots are applied to whose employers.Consequently, it seems that (AI) can create employment, Ministry of economy, trade and industry (2015) showed that such as China will develop the major (AI) automation manufacturing industry. The (AI) employers will need to employ many workers to manufacture any these different kinds of (AI) robots to satisfy China or overseas individual or business buyers needs. But, (AI) can also cause unemployment to the low skillful service workers. Such as if Japan some service businesses choose to buy any (AI) service robots to replace their service staffs to serve their clients. It is possible that the service staffs will be dismissed, due to (AI) robots can do such as their same service job duties to achieve better service performance.