Friday, December 9, 2022

Intelligent automation, robotics, low & no-code technologies to battle the ‘tyranny-of-talent’ ⭐

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Industrial automation and robotics have been increasingly finding their space. But, at the same time, they are facing a massive talent shortage. As companies worldwide face talent shortages, especially technology talent, they are adopting an interesting array of strategies from increased outsourcing to increased investments in intelligent automation (artificial intelligence-driven automation), low/no-code platforms, and redesigning work itself for a digital-human future of work. Recent US labour data showed that there were roughly two vacancies per unemployed worker, with many firms still struggling with shortages. Wages, in turn, are rising as companies compete for staff, fueling concerns of a wage-price spiral as businesses charge more for their products, leading workers to demand even higher pay. Employers are rolling out huge automation initiatives to counter what some call ‘the tyranny of talent.’ Industr...

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