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How Robotic Brings Future Labor And Business Market Change

2020-09-04
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Release : 2020-09-04
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Book Synopsis How Robotic Brings Future Labor And Business Market Change by : Johnny Ch Lok

Download or read book How Robotic Brings Future Labor And Business Market Change written by Johnny Ch Lok. This book was released on 2020-09-04. Available in PDF, EPUB and Kindle. Book excerpt: 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.

How Robotic Brings Labor and Business Market Change

2020-09-12
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Release : 2020-09-12
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Book Synopsis How Robotic Brings Labor and Business Market Change by : Johnny Ch Lok

Download or read book How Robotic Brings Labor and Business Market Change written by Johnny Ch Lok. This book was released on 2020-09-12. Available in PDF, EPUB and Kindle. Book excerpt: In (AI) big data gathering process, (AI) can organize whole big data gathering process and technique more easily in short time. It will include these four steps. The first stage is that customer identification stage, customer identification also known as acquisition has to do with targeting the population, who are most likely to become customer segmentation. So, (AI) can help different kinds of businesses to gather their competitors' consumer purchase behavior data in short time, it is human can not achieve. The second stage is that customer attraction stage, after (AI) maker has been segmented for the business when it has ensured to gather the businessman's global competitors' consumers data. Then it analyze these all data to find solutions / methods to give the best opinions to the organizations how to achieve the direct effort and resources into attracting the target customer segments. The third stage is that customer retention, it can be defined as the activity that an organization undertakes in order to reduce customer defections. TO be successful, customer retention starts with the first contact on organization has with a customer and continues throughout the entire lifetime of a relationship involves loyalty programs, one to one marketing and complaints management. SO, (AI) can consist the business to find the best or the most reasonable, efficient, effective solutions or methods and it will conclude all these solutions to find the most reasonable and useful opinions to achieve to the aim to help the business to reduce customer complain numbers and help the business to build confident loyalty relationship between it and its clients. SO, (AI)'s analytical effort and decision making effort can be more accurate than human's analytical effort and decision making effort. IT can achieve it's consumer behavioral predictive aim more accurate and efficient and effective in the shortest time to compare human.Fourthly, (AI) big data gathering tool can design more accurate dataset program for questionnaire (survey) to compare human's questionnaire ( survey ) effort. It means that (AI) can spend less time to research and make judgement what are the most reasonable and meaning questions for different kinds of businesses' needs. This includes data conduction a questionnaire, survey or interview of the individual or environment researched, public data repository: This includes commercially available public data; organizational data; this contains data collected from an organizational database, organizational information system. For example, their website log details etc. It also includes company transactional data, data purchased from a company. For example, one vehicle sale company expects to research all global vehicle sale companies' past the different kinds of vehicle styles, design sale number data, the different kinds of vehicle style, design sale price data, every country's vehicle consumer number to the vehicle purchase number data to the vehicle company in short time.

How Robotic Brings Positive Or Negative Impact to Global Labor and Business Market

2020-09-06
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Release : 2020-09-06
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Book Synopsis How Robotic Brings Positive Or Negative Impact to Global Labor and Business Market by : Johnny Ch Lok

Download or read book How Robotic Brings Positive Or Negative Impact to Global Labor and Business Market written by Johnny Ch Lok. This book was released on 2020-09-06. Available in PDF, EPUB and Kindle. Book excerpt: Part OneLabor market behavioral changeChapter 5(AI) -driven automation industry development1.1(AI) - driven automation industry development how to influence work nature change(AI) -driven automation industry will create wealth and expand economy growth to any countries, but it will be accompanied by changed in the skills that workers need to learn. One of main ways that technology increases productivity is by decreasing the number of labor hours needed to create a unit of output. It implies (AI) technology will influence low educated and low skillful labor number to be decreased ( reduction employment number).In contrast, technological change tended to work in a different direction throughout the nowadays. The advance of computer and the internet raised the relative productivity of higher skilled workers. So, routine-intensive occupations that focused on predictable tasks disappearance, such as switch board, operators, filming checkers, travel agents and assembling line workers etc. were particularly replaced by new technologies.However, today, it may be challenging to predict exactly which jobs will be most immediately affected by (AI) driven-automation. The reason is because (AI) is not a single technology, but rather a collection of technologies that are felt unevenly through the economy to influence job changing both negatively and positively. In positively view point, (AI) driven-automation will make many workers more productive and increase demand for certain skills. Consequently, new jobs are likely to be directly create in areas, such as the development and supervision of (AI) as well as indirectly created in a range of areas throughout the economy as higher incomes lead to expanded demand. Otherwise, in negatively view point, many traditional human needed ( demand) skillful jobs will be threatened by automation are highly concentrated among lower-paid, lower-skilled and less -educated workers. It means automation will cause pressure on demand for this group, pressure and employment, if (AI) can replace the low skilled and less educated workers' jobs. Thus, (AI) will have negative influence to impact on the labor market.(AI) capabilities will enable automation of some tasks that have long required human labor. Why can (AI) replace some simple human jobs? For example, advances in robotics are expanding machines' abilities to interact with and sharp the physical world. Combined, (AI) and robotics will give rise to smarter machines that can perform more sophisticated functions than ever before and brings more advantages that humans have exercised. This will permit automation of many tasks now performed by human workers and could change the shape of the labor market and human activity.1.2How (AI) influences labor marketToday, it may be challenging to predict exactly which jobs will be most immediately affected by (AI)-driven automation. Because (AI) is not a single technology, but rather a collection of technologies that are applied to specific tasks.Some specific predictions are possible based on the current (AI) technology. For example, driving jobs and house cleaning jobs, bank counter service jobs, telephone enquiry service operators. Restaurant cooking jobs, simple accounting record service jobs etc. that require relatively less education to perform. Advancements in computer vision and related technologies have made the feasibility of fully appear more likely, potentially displacing some workers in driving-dominant professions. Seemingly similar robot, for which the operational tasks is less specific of navigating to a specific destination when following a set of given rules and preserving safety.

How Robots Influence Future Labor Market

2022-03-24
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Release : 2022-03-24
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Book Synopsis How Robots Influence Future Labor Market by : John Lok

Download or read book How Robots Influence Future Labor Market written by John Lok. This book was released on 2022-03-24. Available in PDF, EPUB and Kindle. Book excerpt:

How Artificial Intelligence Influences Labor Market Changes

2019-12-29
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Release : 2019-12-29
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Book Synopsis How Artificial Intelligence Influences Labor Market Changes by : Johnny Ch Lok

Download or read book How Artificial Intelligence Influences Labor Market Changes written by Johnny Ch Lok. This book was released on 2019-12-29. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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