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Schneider Electric switching to solar power
French energy management and automation firm Schneider Electric is transitioning its operations in the Philippines to clean energy with the installation of solar panels in its manufacturing plant in Rosario, Cavite......»»
ICT spending in AsPac reaches $1.3 trillion in 2023
Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital era......»»
Race car driver Lord Seno tells motorists to ‘go slow’ when traversing Transcentral Highway
CEBU CITY, Philippines — The Transcentral Highway (TCH) that connects Cebu City and the municipality of Balamban in midwestern Cebu has been on the news lately for grim reasons. This notable thoroughfare bears witness to several vehicular accidents, the most recently of which killed a nursing student after the Sports Utility Vehicle (SUV) that she.....»»
Betterment of women s sports tackled in forum
In celebration of Women's Month, Evident Integrated Marketing and PR hosted a forum called Equal Play: Accelerating Progress for Filipina Athletes, to discuss the progress of Filipina athletes in terms of representation and opportunities......»»
Earth Hour, 5 Reasons to Participate
On March 23, from 8:30 PM to 9:30 PM, everyone in the world is encouraged to turn off their lights and appliances. Dubbed Earth Hour, this global event started in Australia back in 2007 as a World Wildlife Fund (WWF) initiative. It might be easy to wave off Earth Hour as just 60 minutes of.....»»
Ireland’s first gay leader quits for personal, political reasons
Ireland’s first gay leader quits for personal, political reasons.....»»
Prototype
With something akin to undue haste, the Commission on Elections awarded the P18-billion automation contract to Miru Systems. This is the largest election automation contract ever awarded anywhere......»»
Telcos jobs safe from shift to AI, execs assure workers
Nearly 30,000 Filipinos working in the telco industry are safe from getting laid off as a result of automation, as their bosses guarantee they will be reassigned, not removed, if their jobs are taken over by artificial intelligence......»»
Data centers urged to cut power consumption
Energy management and digital automation firm Schneider Electric is urging Philippine data centers to use the “green approach” as part of smart and sustainable solutions to lessen energy consumption......»»
ARTA targets 120 LGUs for full permit automation
The Anti-Red Tape Authority is helping 120 local government units to fully automate their business permits processing this year......»»
Korean firm eligible to bid for Comelec poll automation
In its second try, a joint venture led by South Korean firm Miru Systems Co. Ltd. has been declared eligible, with its bid offer of some P17.9 billion for the lease of the Full Automation System with Transparency Audit/Count or FASTrAC......»»
Comelec extends bids deadline for 2025 polls system
The Commission on Elections has extended the deadline for interested bidders for the Full Automation System with Transparency Audit/Count project......»»
Lone bidder ‘ineligible’ for poll automation project
The Commission on Elections has declared the lone bidder for the multibillion-peso Full Automation System with Transparency Audit/Count project “ineligible” and will conduct another round of bidding......»»
Schneider Electric partners with PEZA for sustainable solutions
Schneider Electric, a prominent energy management and automation firm, is teaming up with the Philippine Economic Zone Authority to champion sustainable practices......»»
Alliance Edge expands SAP partnership to enhance business automation solutions
Alliance Edge expands SAP partnership to enhance business automation solutions.....»»
Comelec to rule on Smartmatic disqualification
The Commission on Elections may come out today with the decision on whether or not to disqualify technology provider Smartmatic from joining future poll automation projects......»»
Lenovo treats Phl as top Southeast Asian market
Even if neighboring countries in the Southeast Asian region are advantageous in terms of being technology savvy, the Philippines remains an integral market according to an official of Lenovo, a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, business solutions, and related services. “We see strong demand for the Philippines, the only question is how the consumers get the technology. The pandemic has even made the demand for the Philippines surge because of the digital transformation, unlike pre-pandemic where everyone is scrambling. Right now, because of the transformation, growth is very evident. In other words, investments, including Lenovo technologies are still in demand in the market,” according to Giancarlo Nogales from the Infrastructure Solutions Services Sales of Lenovo Philippines at the sidelines of the VST ECS CXO Tech Summit at the Dusit Thani in Mactan Cebu. “In terms of devices, the Philippines is actually doing well,” he added. Last August, the company said that over the next three years, Lenovo is committing a further $1 billion in investment for artificial intelligence that will focus on providing AI devices, AI-ready, and AI-optimized computing infrastructure, and embedded AI-generated content into the intelligent solutions of vertical industries to help customers improve their productivity. Lenovo in September 2023 has unveiled new cutting-edge tech tools and essentials tailored to empower the dynamic, evolving needs of today’s business end-users. It said that the new monitor, software, and accessories are not only designed to boost the capabilities of today’s remote and hybrid workforces but also to address significant challenges faced by businesses as they digitize operations across departments. “Lenovo research shows that managing a remote workforce and global teams remain central tasks for CIOs.1. That is why the new offerings integrate impressive processing power, immersive 3D, and advanced security to create a unified, human-centered experience,” the company said. Further, Nogales added that sales for Lenovo in the Philippines will continue to soar as the country has a bigger population which connotes demand compared to other nations in SE Asia. What Lenovo can count on with the Philippines is the demand for laptops and tablets that are now being used by students, educators, workers, and even the government. “Actually, we have an ongoing engagement with the government sector. I was at an event with the DICT (Department of Information and Communications) and we had discussions with the Department of Education as well, but we still understand what they are looking for. Of course, with DepEd, it’s a big agency, and what I can say is we are working with them across whatever we can offer—cloud technologies, among others,” he told the DAILY TRIBUNE. Nogales said he sees an ongoing digital transformation within organizations and will continue over the coming years. Digital transformation is an ongoing journey Meanwhile, VST ECS president and CEO Jimmy Go stressed that in the ever-evolving world of technology, organizations are charting a course - through a landscape that has seen profound advancement in recent years. “It's important to understand that digital transformation is not a one-time event but an ongoing journey. Every day, we bear witness to the unveiling of new digital technologies. In this dynamic environment, the lines between the physical and digital worlds are blurring, creating a phenomenon known as phygital convergence," he said. He said organizations nowadays stand at the threshold of a remarkable technological revolution. “Generative AI is the talk of the town with Chat GPT and other AI, offering organizations the power to intelligently automate customer experiences and streamline internal operations. The implications of this technology are far-reaching. Microsoft is launching CoPilot and most software applications are incorporating AI in their applications. Gartner predicts that by 2030, a staggering 80 percent of people will interact with smart robots daily, and in just two years, these smart robots will become workforce partners for 90 percent of global companies,” he said. Further, Go stressed that AI and machine learning, once a novel concept, have become integral to the products and services offered by major companies. “A mere decade ago, we were learning to communicate with machines. Today, machines understand and adapt to our language, erasing the boundaries between humans and technology. While AI is currently the headline in the tech world, we must not lose sight of the critical need to modernize our IT infrastructure,” he stated. For organizations to embrace technology, he said it’s a pivotal step in allowing organizations to embrace the latest technology trends, including Multi Clouds, Quantum computing, Data explosion, RPA, Generative AI, and more. “Investments in Connectivity solutions, Digital Infrastructure, Cloud technologies, Cybersecurity, Big data, Storage, Automation, and Collaboration tools remain vital to prepare for the ever-evolving Tech landscape. In the Israel-Hamas and Ukraine-Russia wars, Technology plays a very important and critical role in their war strategies. Computers, AI, Starlink, and drones are heavily used in their strategies,” he said. The post Lenovo treats Phl as top Southeast Asian market appeared first on Daily Tribune......»»
Half of finance work could be AI by 2030
Dear Editor, The G.M.A. Integrated News unveiling of A.I. sportscasters Maia and Marco last 24 September captivated many people during the start of the National Collegiate Athletic Association or NCAA Season 99. This groundbreaking introduction sparked intense discussions on social media about Artificial Intelligence’s potential implications on journalism’s future. People expressed a mix of excitement and apprehension, highlighting the need for further exploration and understanding of AI’s role in shaping the field of journalism. As Artificial Intelligence advances at an unprecedented rate, it is not only in journalism where AI can automate work. According to McKinsey, by 2030, approximately half of the finance work could be automated. This automation will bring opportunities and challenges, as AI can streamline processes and improve efficiency. The finance areas that have already started to be automated are the banking and financial institutions, risk assessments, credit scoring, customer service, and market sentiment analysis. In banking and financial institutions, an AI called KAI-GPT can auto-detect risks, generate insights, and make financially literate recommendations. Launched on 31 May 2023, KAI-GPT is the world’s first banking-specific large language model designed to address the industry’s unique accuracy, transparency, trustworthiness, and customization needs. The KAI-GPT provides a human-like, financially literate response. Westpac, Australia’s first bank and oldest company serving more than 12 million customers, is in the process of implementing KAI. Meanwhile, in risk assessment, the tool DataRobot AI can simulate potential fraud scenarios and detect credit risks, fraud risks, and market volatility. Using predictive and generative DataRobot AI improves the technical ecosystem in Financial Services. Sanlam, Africa’s largest non-banking financial institution, uses DataRobot AI, resulting in more streamlined and transparent solutions, driving critical business value levers such as sales and client retention. In the finance area of credit scoring, the Personetics and AIO Logic can detect risk, determine rates, and structure customer loans. Personetics serves over 140 banks and financial institutions across 30 global markets, reaching 135 million banking customers. United Overseas Bank, a Singapore-based Banking and Financial Services organization with 24346 employees and revenues of $9790000.00 billion, uses Personetics. AIO Logic is well known as an AI for Automated Payment Management, Automated Balance Management, Automated Accounting, Complex Structures, Automated Invoicing, Automated Reporting and Analytics. These two credit scoring AI can also assess customers’ creditworthiness and set credit limits. In customer service, robo-advisors, chatbots, and virtual assistants provide a conversational system fit for financial planning assistance. Robo-advisors offer financial advice and limited human interaction, which appeal to Generation Z, who have virtual interactions with advisors and are increasing interest in novel assets like cryptocurrency. The AI is now also in market sentiment analysis, and Bloomberg G.P.T. shows how to automatically analyze news, articles, social media and other classified textual data. Launched on 30 March 2023, Bloomberg GPT is a significant language model with 50 billion parameters trained explicitly on a wide range of financial data. It can perform market sentiment analysis and even help manage investment portfolios. These advancements in AI technology have the potential to significantly streamline and automate many tasks in the finance industry, reducing the need for human intervention. The applications of generative AI in Finance will be widely seen in regulatory compliance and reporting, financial forecasting, portfolio optimization, anti-money laundering and algorithmic trading. However, it is essential to note that while AI can enhance efficiency and accuracy, it is not a substitute for human expertise and judgment. Human oversight and decision-making will still be crucial in navigating complex financial landscapes and ensuring AI technologies’ ethical and responsible use. Still, job displacement in finance may occur, and the need to upskill the workforce is now paramount. Arnel Lopez Cadeliña arnelcadelina@gmail.com The post Half of finance work could be AI by 2030 appeared first on Daily Tribune......»»
More than 75,000 US health care workers begin 3-day strike
Tens of thousands of healthcare workers in the United States walked off the job Wednesday, beginning one of the sector's largest strikes in recent history, as America's year of labor discontent rolled on. The walkout of more than 75,000 workers at Kaiser Permanente, the country's largest non-profit healthcare organization, comes as surging inflation has spurred industrial action across the US, from Hollywood actors to Detroit auto workers. People on the picket lines in Los Angeles on Wednesday said they were underpaid and overworked. "Ever since the pandemic hit, we lost a lot of members and we never recovered them," X-ray technician Armando Velasco told AFP. "And now we're at the brink, we're at the precipice." Nurse Kathy Lozoya said the rocketing cost of living in southern California was making life very difficult. "Kaiser Permanente has reported billions of dollars in profits, so all we're asking from Kaiser CEOs is to share those profits with the frontline workers," she said. "All we're asking is a fair contract so that we can be able to live." Fellow nurse Scarleth Rocha said she feared a staff shortage was not good for patients. "Working 12-hour shifts, working with 26 patients per one nurse is not ideal, and it's not safe for nurses to work with that many patients in one place," she said. Kaiser Permanente locations in California, Colorado, Oregon, and Washington state were expected to be affected by the three-day strike. A small number of workers in Washington, DC, and Virginia were set to walk out for 24 hours. Kaiser said centers would remain open, but warned there would be "longer-than-usual" wait times. A Kaiser spokesman told journalists on Tuesday that talks were continuing. "Several agreements over specific provisions have been reached" with the Coalition of Kaiser Permanente Unions, the spokesman said, adding negotiators were prepared to meet around the clock "until we reach a fair and equitable agreement." The union, which says this will be the largest healthcare worker strike in US history, is pushing for pay increases and protections against subcontracting and outsourcing of labor. It has threatened to engage in further strike action in November "if Kaiser continues to commit unfair labor practices." Inflationary pressures Wednesday's strike comes during a year in which the US has seen an unusually high level of industrial action as workers struggle with inflation levels not seen in a generation. Higher prices have reduced the purchasing power of shoppers across the country, while the rise of generative artificial intelligence (AI) has led to concerns about the automation of growing numbers of jobs. Industrial action is ongoing in Detroit, where the United Auto Workers (UAW) union is engaged in its first-ever joint strike action against the "Big Three" automakers -- GM, Ford, and Chrysler maker Stellantis -- in a push for higher pay and better working conditions. More than 25,000 workers are on strike in 21 states -- around 17 percent of UAW's 146,000 members -- as talks continue. In Hollywood, a months-long joint strike by writers and actors brought California's lucrative film industry to a halt, stopping production and broadcast of major movie and TV productions. While the writers have since agreed on a deal to return to work, actors represented by the SAF-AFTRA union were on the picket lines Wednesday, even as their negotiators met with studios for a second full day of talks. The post More than 75,000 US health care workers begin 3-day strike appeared first on Daily Tribune......»»
More than 75,000 US health care workers begin 3-day strike
Tens of thousands of healthcare workers in the United States walked off the job Wednesday, beginning one of the sector's largest strikes in recent history over what they say is a staffing shortage, as America's year of labor discontent rolled on. The walkout of more than 75,000 workers at Kaiser Permanente, the country's largest non-profit health care organization, comes as surging inflation has spurred industrial action across the US, from Hollywood actors to Detroit autoworkers. "Kaiser executives are refusing to listen to us and are bargaining in bad faith over the solutions we need to end the Kaiser short-staffing crisis," vocational nurse Jessica Cruz, who works at Kaiser Los Angeles Medical Center, said in a union statement. "I see my patients' frustrations when I have to rush them and hurry on to my next patient. That's not the care I want to give. "We're burning ourselves out trying to do the jobs of two or three people, and our patients suffer when they can't get the care they need due to Kaiser's short staffing." Kaiser Permanente locations in Washington DC, Virginia, California, Colorado, Oregon and Washington state were expected to be affected by the three-day strike. Kaiser said centers would remain open, but warned there would be "longer-than-usual" wait times. A Kaiser spokesman told journalists on Tuesday that talks were continuing. "Several agreements over specific provisions have been reached" with the Coalition of Kaiser Permanente Unions, he spokesman said, adding negotiators were prepared to meet around the clock "until we reach a fair and equitable agreement." The union, which says this will be the largest healthcare worker strike in US history, is pushing for pay increases and protections against subcontracting and outsourcing of labor. It has threatened to engage in further strike action in November "if Kaiser continues to commit unfair labor practices. Inflationary pressures Wednesday's strike comes during a year in which the US has seen an unusually high level of industrial action as workers struggle with inflation levels not seen in a generation. Higher prices have reduced the purchasing power of shoppers across the country, while the rise of generative artificial intelligence (AI) has led to concerns about the automation of growing numbers of jobs. Industrial action is ongoing in Detroit, where the United Auto Workers (UAW) union is engaged in its first-ever joint strike action against the "Big Three" auto makers -- GM, Ford and Chrysler maker Stellantis -- in a push for higher pay and better working conditions. More than 25,000 workers are on strike in 21 states -- around 17 percent of UAW's 146,000 members -- as talks continue. And in Hollywood, a months-long joint strike by writers and actors brought California's lucrative film industry to a halt, stopping production and broadcast of major movie and TV productions. While the writers have since agreed on a deal to return to work, actors represented by the SAF-AFTRA union were on the picket lines Wednesday, even as their negotiators met with studios for a second full day of talks. The post More than 75,000 US health care workers begin 3-day strike appeared first on Daily Tribune......»»