Artificial Intelligence

AI gives machinces and robots the ablitity to think and act in a way that resembles humans.

AI has developed ti the point that is capable of performing professional tasks such as analysing data, generating reports and diagnosing patients

Some people argue that AI can improve work-life balance, giving us more time to relax; others say it will lead to increase unemployment as AI automation replaces jobs

3 Disadvantages and Advantages of using AI in the Workplace Pros: Increased Efficenincy and Productivity, Enhanced Decision-Making, Cost Savings, and Workplace Saftey .

Cons: Jobs Displacement and Workforce Anxiety

Bias and Ethical Concerns

High Implemenation Costs

CyberSecurity Risks

Give 2 reasons for why Australian companies are continuing to outsource labour and production overseas:

• Cheaper Labour: Overseas workers earn lower wages, reducing production and operating costs.

• Skill Shortages: Companies can quickly access specialized workers that are hard to find locally.

(Outsourcing)

.Outsourcing is when a buisness moves part or all of its operations to a place where it is cheaper to produce goods and services.

Sometimes they do this by moving production facilites overseas, where labour is cheaper.

At other times , a business may outsorce prodcution to a local business that has more experince in a certain area of the production process (i.e., a business may outsource advertising to a company that specialising in marketing)

Give 2 reasons for why Australian companies are continuing to outsource labour and production overseas:

• Cheaper Labour: Overseas workers earn lower wages, reducing production and operating costs.

• Skill Shortages: Companies can quickly access specialized workers that are hard to find locally.