The fear of job loss due to automation is no longer relegated to only physical-labor manufacturing jobs and relatively simple transaction-based, customer-service workers (i.e., bank tellers, grocery store clerks, and travel agents). Companies are increasingly adopting sophisticated “cognitive” technologies across a new swath of knowledge-worker jobs in fields such as finance, health care, and insurance.
“Most of the benefits we see from automation is about higher quality and fewer errors, but in many cases it does reduce labor,” So “Is Any Job Truly Safe?”
Technology has not only done away with low-wage, low-skill jobs. They cited robots operating trucks in some Australian mines; corporate litigation software replacing employees with advanced degrees who used to sift through thousands of documents prior to trials; and on Wall Street, the automation of jobs previously done by bankers with MBAs or PhDs.
This means 6 of 10 jobs can be automated and replaced by machines in the coming decade in Construction, Factory Operations, Driverless Cabs, Operation Theatres and IT and Middleware developments.. including IT system operation and management (analytics, big data and RPAs).
So what do we do ? Machines are becoming smarter, cheaper and adaptive learning also…
While the Industry is a sobering representation of an industry-wide, knowledge-worker, job-loss scenario, there is an upside potential concerning the adoption of such advancing technology. It’s the promise of augmentation. Augmentation can be driven through five key strategies knowledge workers should pursue to add value to machines and have machines add value to them:
- Stepping up
- Stepping aside
- Stepping in
- Stepping narrowly
- Stepping forward
Individuals who take on these strategies must be willing “to burn the midnight oil to improve their own skills, and either make friends with smart machines or find a way to do things they cannot do. Complacency is not an option. But despondency isn’t required either.”
People who step up make high-level decisions. They are senior executives who decide where cognitive technologies need to be utilised, and how new systems fit into the business organisation overall.
Goals for IT / Operation heads of Companies are – “They are deciding what smart people do, what smart machines do, and how they work together.”
One the major challenges today are :
One of the big causes for the stagnation of middle class wages is essentially because of clever computer programs.
also “It’s easy to villainize technology,” but fact is – “but there is a lot of opportunity there at the same time.”
Big Companies like Uber has already made press statements like : “Uber is investing heavily in building cars that do no need drivers”. by 2025 – 50% of the worldwide cars will not require drivers and fossil fuels. They will all be Driverless and Hydrogen / Polymer Lithium-ion Cells, which needs to be recharged only once a month.
A Defence Secretary once said – “The next war could possibly destroy mankind, but it don’t need a Army.. but more buttons”
Stay tuned for more info on “Automation in operations – Customised Electronics – Next Major Revolution”