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Paycom Reveals Record-High Cost of Manual HR Tasks, Based on EY Study
Businesswire· 2025-10-15 13:15
Core Insights - Paycom Software, Inc. has released updates to its Direct Data Exchange tool, highlighting the rising costs associated with manual HR tasks as reported by EY [2][4] - The average cost of manual data entry by HR professionals has increased to $4.86 per instance in 2025, up from $4.78 in 2023, indicating a trend of rising costs across various HR categories since 2018 [2][5] - The report emphasizes the financial benefits of automating HR tasks, with significant potential savings identified through the use of Paycom's automation solutions [4][5] Cost Analysis - EY's report shows that the cost of manual payroll creation has risen by $5.73 to $20.83 per instance, contributing to an overall increase in average costs for data entry from $4.86 to $5.68 [8] - Labor costs account for nearly all expenses related to manual HR tasks, suggesting that automation could lead to substantial financial savings for companies [5][6] Automation Benefits - Paycom's IWant™ AI engine offers a streamlined approach to accessing employee information, potentially reducing the labor cost of searching for information from an estimated $11.75 per instance [4] - The Direct Data Exchange tool has helped clients like The Kraft Group identify $5 million in savings, showcasing the effectiveness of Paycom's automation in enhancing operational efficiency [6] Industry Trends - The EY report indicates a widening gap between the costs of manual HR processes and the advantages of automation, reinforcing the need for companies to adopt automated solutions [4][5] - Paycom's industry-first payroll tool, Beti, automates payroll processing, reducing labor costs by 90% and saving HR teams over 2,600 hours annually [9]
Progress Software Launches Automate MFT: The Next Generation of File Transfer Solutions, Cutting File Transfer Costs by Up to 50%
Globenewswire· 2025-10-15 13:00
Core Insights - Progress Software has launched Progress® Automate MFT, a new SaaS solution aimed at redefining secure file transfer automation for modern enterprises [1][3]. Industry Challenges - Businesses are increasingly pressured to manage sensitive data efficiently while dealing with aging infrastructure and strict compliance requirements, leading to inefficiencies and security vulnerabilities [2]. - Legacy file transfer systems are costly to maintain and difficult to scale, posing compliance and security risks [4]. Product Features - Automate MFT offers a scalable, cloud-native platform that reduces reliance on scripting and administrative burdens, potentially lowering total cost of ownership by up to 50% compared to traditional systems [3]. - Key features include a microservices-based architecture, no-code automation builder, shared credential libraries, organizational tools for task management, task versioning, and enterprise-grade security compliance [7]. Market Position - Automate MFT is positioned as a modern solution to meet the automation needs of organizations, allowing them to modernize operations and focus on innovation while ensuring data security [6]. - Progress Software emphasizes its commitment to delivering secure and scalable solutions for data movement, reinforcing its position in the managed file transfer market [6].
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-10-15 01:23
Artificial intelligence is automating away white collar workers. https://t.co/0LGByJvugI ...
'Most Humbling Thing I've Ever Seen': Western Business Leaders 'Terrified' After Touring Chinese Factories
ZeroHedge· 2025-10-14 22:00
Core Insights - Ford Motor Company CEO Jim Farley and other business leaders express concern over China's rapid technological advancements, which could threaten American companies if they do not respond quickly [1][3] - Farley noted the superior cost and quality of Chinese vehicles, highlighting advanced technologies such as self-driving software and facial recognition systems [3][5] - The shift in China's competitiveness is attributed to a highly skilled workforce and significant innovation, moving beyond just government subsidies and low wages [5][7] Industry Observations - Australian mining billionaire Andrew Forrest abandoned plans for electric vehicle powertrains after witnessing China's manufacturing dominance, emphasizing the global competition with China [7][8] - Forrest described highly automated factories in China where robots handle assembly with minimal human involvement, showcasing the advanced manufacturing capabilities [8] - The humanoid robotics market is projected to grow into a $5 trillion industry by 2050, with significant adoption expected by the late 2030s [10] - China's Unitree currently holds a 60% share of the global quadruped robot market, posing challenges for American companies like Boston Dynamics [11]
X @Forbes
Forbes· 2025-10-14 19:24
As AI continues to rise, we need to think about which jobs and career paths will be affected and about which educational paths we need to take to future-proof our careers. Some degrees may be considered practically useless or irrelevant due to automation. https://t.co/RLuLlc7mSH https://t.co/jnLex6GoxJ ...
Is AI Slowing Down? Nathan Labenz Says We're Asking the Wrong Question
a16z· 2025-10-14 15:29
AI Development & Progress - The discussion revolves around whether AI progress is slowing down or if society is simply adapting to the rapid advancements [1] - The debate includes considerations around GPT-5, its potential capabilities, and how its launch perception might impact the industry [1] - Scaling laws are mentioned in the context of GPT-4.5 and the changes anticipated with GPT-5, suggesting a focus on model scaling and its effects [1] - Longer context windows and improved reasoning capabilities are highlighted as key areas of AI development [1] AI Applications & Impact - AI's potential role as a scientist and its ability to facilitate new discoveries are explored [1] - The discussion covers the future of coding, AI agents, and recursive self-improvement, indicating an interest in AI's transformative impact on software development and automation [1] - The potential of multimodal AI and robotics beyond chatbots is considered, suggesting a broader view of AI's applications [1] Societal & Economic Implications - The conversation addresses the impact of AI on jobs and automation, referencing the METR study, which is often misunderstood [1] - The importance of building a positive vision for the future of AI is emphasized, highlighting the need for ethical considerations and responsible development [1]
US Manufacturing Revival
ARK Invest· 2025-10-14 15:24
We think we'll see a manufacturing boom in the United States for the first time really in 30 years. The rest of that time, certainly since China went into the UTO in uh the early 2000s, manufacturing has been effectively gutted from the United States. This is going to be a real turnaround.And we do think that this manufacturing while of course it's going to increase employment to some extent uh it is going to be highly automated uh with AI robotics humanoid robots and other robots and we're probably going t ...
X @Orbs
Orbs· 2025-10-14 15:18
The standard for on-chain trading has officially landed on Blackhole 🔥Automation. Precision. The best to ever do it.Powered by Orbs, traders can now execute TWAP and LIMIT orders natively on-chain. No middlemen, no compromises.Check it out ⬇️⬇️⬇️Blackhole (@BlackholeDex):TWAP orders are now available on Blackhole 🕳️Users can now break down large trades into smaller ones at intervals to reduce slippage and maximize returns. https://t.co/HVA0v56bTL ...
Growing AI Adoption Fuels Digital Workplace Innovation
Businesswire· 2025-10-14 15:00
Core Insights - Enterprises are increasingly adopting AI and automation within digital workplace platforms to improve productivity, security, and employee experience [1] Group 1 - The integration of AI and automation is seen as a strategic move by companies to enhance operational efficiency [1] - The focus on digital workplace platforms indicates a shift towards more technology-driven environments in enterprises [1] - Improved employee experience is a key benefit highlighted by the adoption of these technologies [1]
Oracle collaborates with Deloitte to advance AI in manufacturing
Yahoo Finance· 2025-10-14 08:40
Core Insights - Oracle has partnered with Deloitte to enhance the manufacturing sector through AI and automation integration, aiming to improve data management and analytics for industrial organizations [1][2] - The collaboration will introduce Oracle's Smart Operations tools from its Oracle Fusion Cloud Supply Chain & Manufacturing suite to clients at The Smart Factory by Deloitte in Wichita [1][2] Group 1: Partnership and Tools - The Smart Operations tools utilize cloud computing, IoT, and AI to connect operational technology with information technology systems, enhancing manufacturing execution [2] - The partnership aims to create a link between various business functions, including finance, sales, human resources, and manufacturing processes [2] Group 2: Goals and Ecosystem - The initiative seeks to establish a feedback loop that can lead to increased productivity, improved product quality, and higher factory output [3] - The Smart Factory by Deloitte serves as a hub for organizations to adopt new manufacturing techniques and technologies, acting as a collaborative platform for solution providers and experts [3][4] Group 3: Strategic Vision - Deloitte's Smart Manufacturing business leader emphasized the expansion of their ecosystem to help clients overcome innovation barriers and become AI-enabled [4] - The collaboration aims to accelerate the adoption of AI and automation in manufacturing, addressing operational challenges and unlocking growth opportunities [5]