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WHY IT MATTERS: Digital Transformation
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Curated by
Farid Mheir
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Additional economic growth, including from business dynamism and rising productivity growth, will also continue to create jobs. Many other new occupations that we cannot currently imagine will also emerge and may account for as much as 10 percent of jobs created by 2030, if history is a guide. Moreover, technology itself has historically been a net job creator. For example, the introduction of the personal computer in the 1970s and 1980s created millions of jobs not just for semiconductor makers, but also for software and app developers of all types, customer-service representatives, and information analysts.
Farid Mheir's insight:
WHY IT MATTERS: this is a positive news about new technologies. However we must brace ourselves because many people will loose their jobs and not have the skills - or the willingness - to adapt. This will certainly create turmoil in companies - and possible whole countries. Prepare. 
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Maths ability will get you furthest, says Harvard's Davis Deming. As long as you've got the social skills to go with it. Could a robot do your job? Millions of people who didn’t see automation coming will soon find out the painful way. The answer is a resounding yes. The World Economic Forum’s Future of Jobs study predicts that 5 million jobs will be lost before 2020 as artificial intelligence, robotics, nanotechnology and other socio-economic factors replace the need for human workers.
Farid Mheir's insight:
One important stat from The Future of Jobs report is that the top trend that will drive change in work is new technology and innovation.
WHY THIS IS IMPORTANT All jobs will be affected by technology and thus every good digital transformation should include the human disruption and its impact on current and future employees. Too often, we implement digital change and fail to consider people impact. Look at UBER taxis: their model is to plow ahead and disrupt the market but they have failed to accompany the taxi drivers that are impacted. Because of it they are facing huge head winds from governments and established corporations. On the other hand, Teo Taxi (Montreal-based) has recognized the people impact and embraced human transformation of the cab drivers which results in much better relationships and less confrontation. Same technology, same process, different human approach.
Gonzalo Moreno's curator insight,
December 9, 2016 5:06 AM
TASK Management vs. PEOPLE Management, a superclassic...
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For example, working at a tollbooth may be a secure job. But whatever gains the economy gets from having people making change at tollbooths are more than offset by the loss of time that results when other people have to wait in traffic to enter a toll road. Starting in October, the Massachusetts Turnpike Authority will shift to entirely automatic tolls. Machines will do all the work of collecting tolls, and toll collectors either will be reassigned to other positions within the authority or will have to find new jobs. But traffic will flow more easily, leading to big gains in efficiency for truckers and people getting to work, and less waste of fuel.
Farid Mheir's insight:
With the introduction of robots, the fear is that humans will loose their jobs. In the short term at least, it may only transform work.
WHY THIS IS IMPORTANT Any strategic plan should include a chapter on robotics and the replacement of human labour with robots (and possible AI as well). The article shed some insights on historical perspective - farmers have not disappeared with introduction of mechanical devices but they have become much more productive - as well as raises some interesting ideas about our cohabitation with robots in the near future.
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Mckinsey ran a comprehensive study of nearly 800 different jobs in the United States, ranging from CEOs to fast food workers. Between these roles, they found 2,000 individual work activities, and assessed them against 18 different capabilities that could potentially be automated. In their analysis, they found that 45% of work activities representing $2 trillion in wages can already by automated based on proven technology that currently exists. A further 13% of work activities in the U.S. economy could be automated if the technologies used to understand and process human language were brought up to the median human level of competence.
Farid Mheir's insight:
An interactive chart that graphs 800 different jobs along with their automation potential - as estimated by McKinsey.
WHY THIS IS IMPORTANT If you are in school or just out of school, this chart should be of particular interest. For all the others, this is essential must read tooling when preparing strategy and planning for the future of your business unit, organization - large or startup.
Jobs with highest potential for automation represent opportunities for cost reduction, process improvements to reduce lead times, or creation of the automated tools and software that will replace them. For example:
And 798 other sources of inspiration.
Abel Linares's curator insight,
July 30, 2016 1:08 PM
Potencial amortización #digital del #trabajo según Mckinsey.
Gráfico interactivo que analizar 800 trabajos diferentes. Concluye que con la tecnología actual el 45% del trabajo se puede automatizar, un 13% adicional cuando las máquinas entiendan el lenguaje humano a un nivel de ciudadano medio. Las previsiones son instalar 1.3 millones de robots entre 2015 y 2018
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Farid Mheir's insight:
Few jobs are safe from automation.
Jean-Simon Venne's curator insight,
February 2, 2016 9:39 PM
Thanks Farid for this interesting analysis, to be followed. 
Grant Tucker's curator insight,
February 14, 2016 11:10 AM
This is why we all should be innovating within our chosen professions 
Farid Mheir's curator insight,
July 20, 2016 2:09 PM
World Economic Forum survey of executives has compiled a list of jobs that are most at risk of being replaced by computers before 2025. The infographic shows a summary of the data which is available in detail here: http://reports.weforum.org/future-of-jobs-2016/
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Farid Mheir's insight:
World Economic Forum survey of executives has compiled a list of jobs that are most at risk of being replaced by computers before 2025. The infographic shows a summary of the data which is available in detail here: http://reports.weforum.org/future-of-jobs-2016/
Jean-Simon Venne's curator insight,
February 2, 2016 9:39 PM
Thanks Farid for this interesting analysis, to be followed.
Grant Tucker's curator insight,
February 14, 2016 11:10 AM
This is why we all should be innovating within our chosen professions |
Curated by Farid Mheir
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