Business Automation and Its Effect on the Labor Force: A Practical Guide for Preparing Organizations for the Fourth Industrial Revolution

Business Automation and Its Effect on the Labor Force is a book that provides a primer on quantum computing, artificial intelligence, robotics, and sensors. It predicts when advanced systems will be ready to use and how to calculate the optimal mix of workers and machines. It also covers labor and technology in agriculture, manufacturing, construction, transportation, hospitality, health care, office administration, and education.

Format: Hardback
Length: 190 pages
Publication date: 12 September 2022
Publisher: Taylor & Francis Ltd

Business Automation and Its Effect on the Labor Force is a comprehensive guide for business managers seeking to stay ahead of the curve in today's rapidly evolving technological landscape. This invaluable resource provides a comprehensive overview of emerging technologies such as quantum computing, artificial intelligence, robotics, and sensors, empowering managers to make informed decisions about the future of their industries.

The book begins by introducing the concept of business automation and its potential to transform industries by increasing efficiency and productivity. It then delves into the specific technologies mentioned above, providing a primer on their applications and potential benefits.

One of the key strengths of this book is its focus on the labor force implications of automation. The author predicts when advanced systems will be ready for widespread use and offers valuable insights into how managers can calculate the optimal mix of workers and machines to achieve maximum efficiency. The book also provides a detailed review of the evolution of systems, machines, and devices from the past to the present, highlighting the latest advancements and their potential impact on various industries.

A visual timeline showcasing when new systems and machines will be available for eight industries over the next 25 years is another notable feature of this book. This timeline provides a clear understanding of the pace of technological innovation and helps managers plan for the future accordingly.

Succinct descriptions of eliminated jobs, retained jobs, and new roles for workers are provided to help managers navigate the transition seamlessly. A simplified method to calculate the costs of operations is also introduced, allowing business managers to compare human productivity against machine productivity.

Labor market information is presented in the context of technological innovation, providing valuable insights for state workforce agencies and local workforce development boards. Lists of occupations with Standard Occupational Classification (SOC) codes are included for labor economists, workforce development specialists, and job seekers, making it an essential resource for anyone interested in the future of work.

In conclusion, Business Automation and Its Effect on the Labor Force is a must-read for business managers looking to stay ahead of the curve in today's rapidly evolving technological landscape. With its comprehensive coverage of emerging technologies, focus on labor force implications, and valuable insights into the future of work, this book provides a valuable resource for anyone seeking to optimize their operations and prepare for the challenges of the digital age.

Weight: 530g
Dimension: 254 x 178 (mm)
ISBN-13: 9781032038377