The impact of technology on future jobs

[CanOz]

Not always for worse either....

 

[SirRumpole]

Not always for worse either....

True, but it's a bit disturbing that over half of the workforce can only get casual or temporary jobs.

That's no way to raise a family.

http://www.abc.net.au/news/2018-06-...-low-as-casual-work-takes-over-report/9840064

 

[Dona Ferentes]

THE Topic for the Roaring '20s​

CEO Shemara Wikramanayake’s opening address on the first morning of Macquarie’s technology summit was notable for her declaration that the world has moved from the “information age” to the “automation age”. Wikramanayake also said :

“automation may well provide an efficiency-driven break on signs of price inflation as well, that we are starting to see emerge”.

She then interviewed Gwynne Shotwell, chief operating officer at SpaceX.

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Luke Higgins, Accenture’s global lead in automation and analytics, got the ball rolling about a decade ago with the publication of a white paper that sought to redefine how Accenture worked with clients.

“A group of us got together and said we have to redefine the way that we operate and manage our platforms to include automation analytics, and what the industry now terms AI ops,” he says.

Accenture’s automation and analytics division has expanded, growing from just Higgins in the Sydney office to 800 people worldwide with seven AI centres scattered around the globe.

Automation projects, according to Higgins, usually start out as a cost-cutting exercise. But as they evolve there is usually increased business value created, which opens the way for the hiring of more staff.

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Consultants McKinsey & Co published a 100-page document in 2019 called Australia’s Automation Opportunity. It found that automation would lead to a shift in the demand for skills across the economy, requiring everyone to upskill and retrain.

“Four types of work activities will see an increase in demand: working with machines (technology skills); applying specialised expertise (higher cognitive skills); interacting with stakeholders (social skills); and managing, teaching and developing people (emotional skills),” McKinsey said.

In the mid-point scenario, workers will spend 66 per cent more time using technology, and 43 per cent more time in personal interactions that require social and emotional skills. In contrast, the need for people to perform physical and routine tasks will shrink.

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And I quote that I read, am trying to source it again, is from Cathy Woods of ARK Fund. It was along the lines that disruption is tech-driven and is essentially automation. Her take that the efficiencies so delivered will, in the next two decades, cause GDP to increase from $28 trillion to $40 trillion, and her fund's aim is to work out and invest in the $12trillion that will be created.

 

[Dona Ferentes]

One drizzly afternoon last week FREEMAN Vineyards played host to the inaugaural Australian 'flight' of Bravo II – the vineyard robot, aka an autonymous tractor. This diesel powered unmanned mighty machine is being incredibly well-trained to do a raft of vineyard tasks – slashing, spraying, shoot-trimming – and can run night and day, tethered to your phone. Developed by SwarmFarm Robotics, it looks like the answer to all vignerons' prayers. Polite, punctual, constant speeds, and an all-weather worker. No smoko breaks at the end of the row either. Bravo II might conjure daleks but when vineyard staff are in short supply, the new future looks very appealing! Just need to train Bravo to dodge wonky end posts