Tag: automation in procurement

Technology & IT Procurement

The Age of AI: Will Robots Take Over? Part…

Living in the Age of Artificial Intelligence
In the previous installment of this two-part series I discussed the amazing transformation and evolution made possible by automation and technology advancements of the 20th century. Today’s technology transformations such as robotics, artificial intelligence, biotechnologies, and the Internet-of-Things will have a great impact on society, disrupting every industry and improving many aspects of our personal and work lives. They also create problems for governments around the world that must now figure out how to regulate this new environment and respond to socio-economic concerns such as displacement of workers by automation, or inequality.
Of all big tech companies using AI to enhance their products or services, Amazon is clearly leading the pack with home automation products like Alexa, its version of a personal assistant. Facebook has recently sunset “M,” which hoped to take current personal assistants to the next level where the trained AI machine would have had the same knowledge as the user and do more things than regurgitating various scenarios scripted by app developers. However, the race to lead in AI as a service is on.

Read more “The Age of AI: Will Robots Take Over? Part II” →

Technology & IT Procurement

The Age of AI: Will Robots Take Over? Part…

The Benefits of Automation
The Technological Revolution, including automation in manufacturing and the automotive industry is synonymous with great innovations and rapid developments taking place during the Second Industrial Revolution in the late 19th century through the early 1900s. Advancements like the assembly line and automated machines, which replaced work that used to be performed manually, led to positive outcomes, including efficiency and mass production of manufactured goods at significantly higher rates.
It’s a known fact that in a manufacturing setting, robotics and automated machines improve productivity and reduce labor costs. And yes, they replace workers. So, it is not surprising that businesses will always embrace automation. To business, automated machines are like the perfect worker who works seven days a week, never takes breaks, never asks for a raise, and never gets sick. Sounds like a deal you simply cannot resist, doesn’t it? Ask the same question of a blue-collar worker displaced due to automation and expect a different answer.

Read more “The Age of AI: Will Robots Take Over? Part I” →