Download or read book Robots How Improve Economy Growth written by John Lok and published by . This book was released on 2022-03-23 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Robotic Development How Influence Economic Changes written by Johnny Ch LOK and published by . This book was released on 2021-07-02 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁ How manufacturers to raise efficiency in order to improve economic growth in possible to apply manufacturing robots to improve help economic growth (AI) can be defined as the capability of a machine to imitate intelligent human behavior. If AI can imitate any talent humans to learn how to improve their behaviors, e.g. manufacturing industry worker behavior improves to raise GDP growth or productive number grows rapidly . Can artificial intelligence being labour to become automated? Allows an ever-in-to increasing number of tasks previously performed by human labour to become automated in the ordinary production of goods and services process. Can (AI) create new ideas and technologies to help businessmen to solve complex problems and improve automation in the production of goods and services. The question concerns how (AI) manufacturing technology can impact economic growth? (AI)'s new form of automation live, self-driving cars, or they may bring high levels of skill,such as legal services, radiology, and some forms of scientific lab-based research. Can it allow our societies be impacted on economic growth, due to automation to disicipline our modeling of AI. In fact, AI automation to production of new ideas to future any industrial manufacturing process. It can influence to market structure, organization restructure, reallocation and wage inequality. So, discovering to AI automation can help future any organizations need to change existing task or discovering new tasks that can be used in production a reflects the fraction of tasks that have been automated. It brings automating old tasks when automated could be constant, leading a stable , capital share and a stable growth rate. Hence, in long term, AI automation manufacturing technology may help businessmen to reduce large manufacturing cost in order to achieve stable micro economic benefit to them when they can apply AI automation manufacturing technologies to improve their productivities in efficient manufacturing method. For Coca Cora soft drink example, if Coca Cora applies AI automation to raise its productive soft drinks number. Then , it can manufacture many soft drinks number in short time per day. Then, its sale number can be increased, when it has enough number to supply to global to sell its soft drink. Consequently, soft drink sale number must grow rapidly significantly. The fact that automated goods are produced with cheap capital , but it can also help business to raise production number significantly . How this superintelligence affect the economy? It seems physical tasks are essential to producing output, but when the manufacturer applies robotics to help production . Then, employees number may reduce, due to robotic participation, wages expenditure may reduce , but production number may increase . So, AI increases the motivation at physical tasks. Hence, AI must may bring production growth innovation incentives to any manufacturers. Finally, with imitation and learning being performed mainly by super machine in developed economies. Then , research labor would become devoted to product innovations increasing product variety or inventing new products ( new product lines), to replace existing products.

Download or read book How Robots May Help Economic Growth written by John Lok and published by . This book was released on 2023-10-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, robotic had been applies to different aspect nu humans, they may include any hospitals' surgeon rooms medical surgeon equipment aspect, hotel room food delivery or hotel front line customer service aspect, shopping center, leisure places cleaning task aspect, student educational service aspect, warehouse logistic goods transport delivery tasks aspect, even general restaurants kitchen cooking tasks aspect, lawyer and accountant firms general bookkeeping, law writing draft clerical tasks aspects etc. Can robotic invention help employers to improve efficiencies or raise productivities in order to raise economic growth or it can be replaced low-skillful workers to cause any low-skillful jobs are done by artificial robots to achieve many low skillful workers will lose jobs and unemployment ratio will be influenced to raise in our societies? I write this book aims to discuss whether future robotic invention may help our societies improve economic growth or it can bring recession. This book includes two parts to discuss, this part indicates what reasons to explain why robotics may influence our societies economic growth as well as second part indicates what reasons to explain why robotics may bring our social recession both in possible. Readers can make individual analysis to judge whether robotics can influence our social economic growth or it may bring recession more.

Download or read book Robotics and the Economy written by Richard K. Vedder and published by . This book was released on 1982 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Can Future Global Economy Growth written by John Lok and published by . This book was released on 2022-07-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, robotic had been applies to different aspect to bring benefits to satisfy humans needs, they may include any hospitals' surgeon rooms medical surgeon equipment aspect, hotel room food delivery or hotel front line customer service aspect, shopping center, leisure places cleaning task aspect, student educational service aspect, warehouse logistic goods transport delivery tasks aspect, even general restaurants kitchen cooking tasks aspect, lawyer and accountant firms general bookkeeping, law writing draft clerical tasks aspects etc. Can robotic invention help employers to improve efficiencies or raise productivities in order to raise economic growth or it can be replaced low-skillful workers to cause any low-skillful jobs are done by artificial robots to achieve many low skillful workers will lose jobs and unemployment ratio will be influenced to raise in our societies? I write this first part aims to discuss whether future robotic invention may help our societies improve economic growth or it can bring recession. This book includes two parts to discuss, this part indicates what reasons to explain why robotics may influence our societies economic growth as well as second part indicates what reasons to explain why robotics may bring our social recession both in possible. Readers can make individual analysis to judge whether robotics can influence our social economic growth or it may bring recession more.

Download or read book Robots and AI written by Lili Yan Ing and published by Taylor & Francis. This book was released on 2022-06-13 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robots and artificial intelligence (AI) are powerful forces that will likely have large impacts on the size, direction, and composition of international trade flows. This book discusses how industrial robots, automation, and AI affect international growth, trade, productivity, employment, wages, and welfare. The book explains new approaches on how robots and artificial intelligence affect the world economy by presenting detailed theoretical framework and country-specific as well as firm-product level-specific exercises. This book will be a useful reference for those researching on robots, automation, AI and their economic impacts on trade, industry, and employment. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Download or read book Technology How Influences Economy written by John Lok and published by . This book was released on 2022-05-25 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, robotic had been applies to different aspect humans, they may include any hospitals' surgeon rooms medical surgeon equipment aspect, hotel room food delivery or hotel front line customer service aspect, shopping center, leisure places cleaning task aspect, student educational service aspect, warehouse logistic goods transport delivery tasks aspect, even general restaurants kitchen cooking tasks aspect, lawyer and accountant firms general bookkeeping, law writing draft clerical tasks aspects etc. Can robotic invention help employers to improve efficiencies or raise productivities in order to raise economic growth or it can be replaced low-skillful workers to cause any low-skillful jobs are done by artificial robots to achieve many low skillful workers will lose jobs and unemployment ratio will be influenced to raise in our societies? I write this book aims to discuss whether future robotic invention may help our societies improve economic growth or it can bring recession. This book includes two parts to discuss, this part indicates what reasons to explain why robotics may influence our societies economic growth as well as second part indicates what reasons to explain why robotics may bring our social recession both in possible. Readers can make individual analysis to judge whether robotics can influence our social economic growth or it may bring recession more.

Download or read book The Difference Between Traditional Machine and Robot To written by Johnny Ch LOK and published by . This book was released on 2021-07-05 with total page 775 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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."

Download or read book Explaining Whether Robots Can Develop Economy written by John Lok and published by . This book was released on 2023-09-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction Nowadays, robotic had been applies to different aspect nu humans, they may include any hospitals' surgeon rooms medical surgeon equipment aspect, hotel room food delivery or hotel front line customer service aspect, shopping center, leisure places cleaning task aspect, student educational service aspect, warehouse logistic goods transport delivery tasks aspect, even general restaurants kitchen cooking tasks aspect, lawyer and accountant firms general bookkeeping, law writing draft clerical tasks aspects etc. Can robotic invention help employers to improve efficiencies or raise productivities in order to raise economic growth or it can be replaced low-skillful workers to cause any low-skillful jobs are done by artificial robots to achieve many low skillful workers will lose jobs and unemployment ratio will be influenced to raise in our societies?

Download or read book Researching Robots Can Bring Economic Growth Or Recession written by Johnny Ch LOK and published by . This book was released on 2021-08-05 with total page 595 pages. Available in PDF, EPUB and Kindle. Book excerpt: We expect the economic effects of (AI) technology to include both direct GDP growth from sectors that develop or manufacture (AI) technology and indirect GDP growth through increased productivity in existing sectors that employ some from of (AI) technology. If (AI) producing sectors could grow, then it could lead to increase revenues and employment of (AI) technological professionals within these existing firms as well as the potential creation of entirely new economic activities to any countries' societies productivity improvement in existing sectors could be realized through faster and move efficient processes and decision making as well as increased (AI) technological knowledge and access to information available in societies easily. In the future, if (AI) technology is an increasingly critical component of more products, it will become an integral part of necessary products of many people's lives. The extent of (AI)'s economy effort is also likely to vary from region to region, thought variation may be more dependent on the predominate economic activity of a region and the (AI) ability can influence economic activity, rather then the economic or developmental status of the regions. (AI) technology can move accessibility and can use source development to do international business between one country and another country. So (AI) technology has the potential to give benefits to different income chooses and to bring significant gains to both developed and developing countries. For agricultural technology, (AI) has the potential to optimize food production around the world by analyzing agricultural regions and identifying what is necessary to improve crop yield. In total, (AI) technology gives greater economic impact to any countries agricultural regions if which implemented (AI) technology to grow crop , fruit etc. food production in the farms. Investment in (AI) technology is such as capital investment to any countries' public or private enterprises. So, it will have large economic impact to the future . If the (AI) technology is reasonable invested to the different needs aspect by the public or private enterprises in the country. Then, it will have good economic impact to the country in the future. However, when (AI) technology is likely to affect both the productivity and employment components of economic growth in many sectors. Significant public debate has focused on projections of (AI)'s effect on the labor force. However, for instance, some researchers have argued that the rise of (AI) technology and automation will led to significant unemployment as capital is substituted for the low skillful labor. So, they point to the concern that the increasing sophistication of (AI) technology may balance skilled and semi-skilled workers and the reduce the size of the middle class. However, this is not a new argument, due to (AI) technology negatively affecting the labor force and leading to mass unemployment. Because the (AI) technology is the substitution of machinery for human labor. Although, employment in certain industries, has been reduced in the past due to technological advancement. For long term, the labor market has adapted to the introduction of new technology, giving rise to new jobs in new areas.

Download or read book Robots Bring What Advantages To written by John Lok and published by . This book was released on 2023-07-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepare This book divides two part, first part discuss how AI can change market development to be better as well as second part discuss how Ai improves economic recession. Can apply robotics to bring advantages to change organizational structure in order to improve market development to be better in the future ? Different kinds of business organizations will encounter different kinds of challenges, e.g. cost increasing, staff shortage, reducing customers number or sale etc. challanges. So, when the organization can judge whether which aspects of weaknesses it is experiencing as well as it can know why and how to attempt to implement the most suitable or the best strategy to solve its challenge when it is facing. Then, the organization will have possible to continue to existen. Otherwise, if the organization can not find whether which aspects are its difficuties, it is facing. Then, it can not implement the most suitable strategy to solve its challenges. Then, it will be closed down in possible. In my this book, I shall attempt to indicate some organizational cases and find whether what weakness or difficulties it is facing. Then, I shall recommend the best strategy to attempt to help it to solve the kind of challenge, it is encountering. Any have interesting to learn business strategy students, they can learn new strategic knowledge to help these organizations to solve their challenges. Nowadays, robotic had been applies to different aspect to bring benefits to satisfy humans needs, they may include any hospitals' surgeon rooms medical surgeon equipment aspect, hotel room food delivery or hotel front line customer service aspect, shopping center, leisure places cleaning task aspect, student educational service aspect, warehouse logistic goods transport delivery tasks aspect, even general restaurants kitchen cooking tasks aspect, lawyer and accountant firms general bookkeeping, law writing draft clerical tasks aspects etc. Can robotic invention help employers to improve efficiencies or raise productivities in order to raise economic growth or it can be replaced low-skillful workers to cause any low-skillful jobs are done by artificial robots to achieve many low skillful workers will lose jobs and unemployment ratio will be influenced to raise in our societies? I write this first part aims to discuss whether future robotic invention may help our societies improve economic growth or it can bring recession. This book includes two parts to discuss, this part indicates what reasons to explain why robotics may influence our societies economic growth as well as second part indicates what reasons to explain why robotics may bring our social recession both in possible. Readers can make individual analysis to judge whether robotics can influence our social economic growth or it may bring recession more. This book second part aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to assit businesses to predict why and when and how consumer behavior changes in service industry. I shall explain why traditional psychological and statistic and marketing methods are applied to predict consumer behaviors, human's judgement and analytical effort will be worse to compare AI machine's judgement and analytical effort in srvice industry. Also, I shall indicate different business organizations why they apply AI big data gathering method to help them to design any questionnaires ( surveys) questions which will be more valid and useful to conclude human's questionnaires ( surveys) design questions method to predict what service requirements can be satisfied to their potential service consumers' needs.Can apply (AI) learning machine predict what and how consumers service to satisfy their needs ? Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumers service needs more accurate? In

Download or read book Can Robots Cause Economic Recession written by John Lok and published by . This book was released on 2022-07-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Download or read book The Robot Revolution written by The late John Hudson and published by Edward Elgar Publishing. This book was released on 2019 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the coming decades robots and artificial intelligence will fundamentally change our world. In doing so they offer the hope of a golden future, but there are dangers. This book looks at both the history of robots, in science and in fiction, as well as the science behind robots. Specific chapters analyse the impact of robots on the labour market, people’s attitudes to robots, the impact of robots on society, and the appropriate policies to pursue to prepare our world for the robot revolution. Overall the book strikes a cautionary tone. Robots will change our world dramatically and they will also change human beings. These important issues are examined from the perspective of an economist, but the book is intended to appeal to a wider audience in the social sciences and beyond.

Download or read book Robots Future New Development written by John Lok and published by . This book was released on 2023-07-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepare Nowadays, human is experiencing high technology stage. Can human apply AI technology to help us to predict when economic growth or recession will come in this year or next year? If it is true, it brings this question: Who can make more accurate economic growth or recession analysis between human economists or AI robot machine? Who can make more economic analysis predictive evaluation in order to achieve new year business plan for businessmen. Can robotic invention help employers to improve efficiencies or raise productivity in order to raise economic growth or it can be replaced low-skillful workers to cause any low-skillful jobs are done by artificial robots to achieve many low skillful workers will lose jobs and unemployment ratio will be influenced to raise in our societies? Can apply robots to bring advantages to change organizational structure in order to improve market development to be better in the future ? Different kinds of business organizations will encounter different kinds of challenges, e.g. cost increasing, staff shortage, reducing customers number or sale etc. challanges. So, when the organization can judge whether which aspects of weaknesses it is experiencing as well as it can know why and how to attempt to implement the most suitable or the best strategy to solve its challenge when it is facing. Then, the organization will have possible to continue to existen. Otherwise, if the organization can not find whether which aspects are its difficuties, it is facing. Then, it can not implement the most suitable strategy to solve its challenges. Then, it will be closed down in possible. In my this book, I shall attempt to indicate some organizational cases and find whether what weakness or difficulties it is facing. Then, I shall recommend the best strategy to attempt to help it to solve the kind of challenge, it is encountering. Any have interesting to learn business strategy students, they can learn new strategic knowledge to help these organizations to solve their challenges. In my this book, I shall attempt to explain how and why human may apply AI machine to help economists to make more accurate economic prediction. Readers can make judgement whether AI or economists who can make more economic analysis predictive evaluation in order to achieve new year business plan for businessmen.

Download or read book Robotic How Improves Service Performance written by Johnny Ch Lok and published by Independently Published. This book was released on 2021-03-25 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The range of (AI) technology's progress in the future will determine the economic impact future of (AI) technology on the global economy with more limited advances and applications ( i.e. weak (AI) only) corresponding to more limited economic impacts and more substantial progress, i.e. strong (AI) technology is corresponding to more significant economic impact. (AI) technology learning that automates analytical model, including predicting cause-and-effect relationship from biological data, identifying new drugs, self-driving cars and protecting against fraud etc. functions. Also (AI) learning can improve natural language processing that allows computers to continue to better analyze, understand and generate language to interface with human using the natural human language, virtual personal assistant, helps users by providing scheduling appointment, reminds organizing personal finance and finding providers of various services, machine vision allows (AI) machine man to identify object, scenes and activities in detect pedestrians and bicyclists.We expect the economic effects of (AI) technology to include both direct GDP growth from sectors that develop or manufacture (AI) technology and indirect GDP growth through increased productivity in existing sectors that employ some from of (AI) technology. If (AI) producing sectors could grow, then it could lead to increase revenues and employment of (AI) technological professionals within these existing firms as well as the potential creation of entirely new economic activities to any countries' societies productivity improvement in existing sectors could be realized through faster and move efficient processes and decision making as well as increased (AI) technological knowledge and access to information available in societies easily.In the future, if (AI) technology is an increasingly critical component of more products, it will become an integral part of necessary products of many people's lives. The extent of (AI)'s economy effort is also likely to vary from region to region, thought variation may be more dependent on the predominate economic activity of a region and the (AI) ability can influence economic activity, rather then the economic or developmental status of the regions. (AI) technology can move accessibility and can use source development to do international business between one country and another country. So (AI) technology has the potential to give benefits to different income chooses and to bring significant gains to both developed and developing countries. For agricultural technology, (AI) has the potential to optimize food production around the world by analyzing agricultural regions and identifying what is necessary to improve crop yield. In total, (AI) technology gives greater economic impact to any countries agricultural regions if which implemented (AI) technology to grow crop, fruit etc. food production in the farms.Investment in (AI) technology is such as capital investment to any countries' public or private enterprises. So, it will have large economic impact to the future . If the (AI) technology is reasonable invested to the different needs aspect by the public or private enterprises in the country. Then, it will have good economic impact to the country in the future. However, when (AI) technology is likely to affect both the productivity and employment components of economic growth in many sectors. Significant public debate has focused on projections of (AI)'s effect on the labor force. However, for instance, some researchers have argued that the rise of (AI) technology and automation will led to significant unemployment as capital is substituted for the low skillful labor.

Download or read book Disrupted Development and the Future of Inequality in the Age of Automation written by Lukas Schlogl and published by Springer Nature. This book was released on 2020-01-13 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book examines the future of inequality, work and wages in the age of automation with a focus on developing countries. The authors argue that the rise of a global ‘robot reserve army’ has profound effects on labor markets and economic development, but, rather than causing mass unemployment, new technologies are more likely to lead to stagnant wages and premature deindustrialization. The book illuminates the debate on the impact of automation upon economic development, in particular issues of poverty, inequality and work. It highlights public policy responses and strategies–ranging from containment to coping mechanisms—to confront the effects of automation.