How Companies Are Overcoming Their Manpower Challenges

According to the Singapore Business Federation National Business Survey 2016/2017, labour and manpower issues has been identified as the main challenge for businesses in Singapore. This is not surprising given Singapore’s lack of natural resources. Human capital, or the lack thereof, is often a key determinant of business success. When we look at the specific manpower challenges faced by these companies, perhaps unsurprisingly, perennial issues like rising labor costs (77% of respondents cited this), manpower rules and regulations (54%), and attracting and retaining younger workers (50%) top the list. This numbers do not paint the whole picture. Consider the fact that there are approximately

How to Robot-Proof Your Job

You’re fired!​ No, we are not referring to the now-US President Donald Trump’s reality ​​show The Apprentice. Rather, we are talking about the spectre of job losses now hanging over many employees’ heads. With the increasing maturity and proliferation of technologies like Robotic Process Automation (RPA) and Artificial Intelligence (AI), there is a palpable fear in the air that humans will be displaced by robots in the workplace in the foreseeable future. (We discussed in our recent blog post For Robots, Death and Taxes Too? that robotic taxes and universal basic income might be required to preserve the social compact that has existed for centuries before the upcoming Age of Extreme Automati

How to Make Your RPA Implementations Antifragile

You might be wondering – what is antifragile? This is a concept coined by renowned author Nassim Nicholas Taleb in his New York Times Bestseller “Antifragile: Things That Gain from Disorder”. Things that are antifragile benefit from volatility and shock. Fragile items, on the other hand, break under duress. Antifragile, to be sure, is not the same as robust, which merely states that something is able to withstand stress better. So how does antifragility relate to Robotic Process Automation (RPA)? Plenty it seems. You’re only as Strong as Your Weakest Link Firstly, the antifragility of a system depends on the fragility of its constituent parts. A good example of this is the evolutionary proce

For Robots, Death and Taxes Too?

Benjamin Franklin famously said, "In this world nothing can be said to be certain, except death and taxes." Turns out that this might ring true not only for us humans, but robots too. Will We See a Robot Tax? In a recent interview with Quartz, Bill Gates mentioned that the robot that takes your job should pay taxes. His rationale is that for the human employee who used to do the work, his or her income is taxed. Therefore, it is logical to tax the robot who is displacing that worker and doing his or her job. He went on further to explain that the tax revenues generated could be used to fund government programs in areas like elderly care, education and workforce retraining. The end result is

What You Need to Know About Singapore Budget 2017

The Singapore Budget 2017 was delivered by Finance Minister Heng Swee Keat in Parliament on February 20. Hailed as a budget for today and tomorrow, the budget strives to achieve a trifecta of an innovative and connected economy, a sustainable fiscal system, and a caring and inclusive society. In particular, S$2.4 billion has been earmarked to implement the strategies put forth by the Committee on the Future Economy, of which more than S$80 million has been set aside to boost SMEs’ digital capabilities. Some of the highlights include: SMEs Go Digital Programme launched Introduction of industry Digital Plans on technologies to use at each stage of growth A new SME Technology Hub for more digit

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