deepstash
Beta
Robots Won't Take Your Job, But They've Probably Already Changed It
Work that is difficult to automate
Complex tasks that require creativity and other forms of higher-order thinking are very difficult to automate. The reason is that you need cognitive technology like AI (artificial intelligence) and automation together. At this point, AI is still limited.
52 SAVES
This is a professional note extracted from an online article.
Read more efficiently
Save what inspires you
Remember anything
IDEA EXTRACTED FROM:
7
Key Ideas
What counts as a robot
When we're talking about robots taking people's jobs, we're speaking of automation.
Mechanical automation, like car assembly lines, has been around for a while.
Software automation, also known as process or work automation, involves using code to automate tasks that humans would otherwise have to do, like creating an invoice in an accounting program.
How automation will affect jobs
Low-skill jobs, where 70% of the responsibilities are predictable physical and cognitive tasks, are straightforward to automate, especially as automation technology becomes cheaper than paying a human to do the same job.
- Outside an office environment: The jobs that will be affected are things like retail employees and warehouse workers.
- Inside an office: Jobs vulnerable to automation are data entry, filing, and document review.
What AI lacks
Artificial Intelligence lacks social intelligence and human warmth.
- There are concerns if AI can make ethically appropriate decisions.
- Concerns about bias in AI can make companies wary to use it for complex office tasks, like hiring.
- There's also a shortage of automation and AI talent.
Depending on the pace of automation development, we could see some higher-order tasks being automated.
The "Fourth Industrial Revolution"
If you think about it, your job has probably already changed. You're not doing everything by hand. In terms of scale, the changes society experience now are similar to about 100 years ago, at the start of industrialization.
Many jobs now focus more on creativity, decision-making and other forms of higher-order thinking.
What knowledge workers can expect
- By 2022, 62% (compared to 46% today) of an average business's data processing, information search, and information transmission tasks will be performed by machines.
- Machines will do tasks like communication, management, and decision-making to some extent.
- Entirely new jobs will likely emerge as technology isn't self-sustaining.
- Though technologies like automation and AI will displace 75 million jobs globally by 2022, they'll also create 133 million new ones.
- A McKinsey analysis estimates that 8-9% of 2030's labor supply will be in roles that don't currently exist.
Upskill now
In advanced economies, up to a third of the workforce might need to learn new skills and find new occupations by 2030.
To avoid being out of work later, it is best to start upskilling now:
- Get better at working with data
- Learn a programming language
- Keep up with the best tech practices for your field.
SIMILAR ARTICLES & IDEAS:
5
Key Ideas
Automation Is Here
Automation has a huge potential to change the nature of work, freeing up workers from tedious, repetitive, and precision work. Automation is a transformational change for owners, employees and...
Aim High
A thorough reassessment is required of how the company operates and how best to capture the impact of automation.
Companies who have just automated on the surface have had small and limited results that don't last. Companies that have understood and deployed the high-risk, high-reward proposition have completely transformed it's business offerings and have become market leaders. They have also redeployed the freed up workforce and provided additional services, even turning their competitors into customers.
Commit and Communicate
A joint effort of commitment and communication is essential for a thorough approach to automation and has to be led by top management.
Apart from IT, all stakeholder groups like HR, Operations, Business Units have to be engaged, and communicate consistently.
2 more ideas
7
Key Ideas
An Uncertain Future
- The past decade gave rise to the 'Gig' economy, spawning one-click app-based transactions.
- Artificial Intelligence and automation are further transforming how people live and work.
Future Proof Your Career
Future-proofing your career to stay relevant isn't about learning how to code or going back to college.
It is about having a career plan with a long-term vision, taking into account the current job-market conditions, economic factors, emerging opportunities, personal interests, and family realities.
Shrinking Life Cycle of Jobs
A life cycle of a job is shrinking rapidly, and if you're not re-inventing yourself or pivoting on time, you are rendered out of work sooner than in the past decades.
We need to check our career plan and ask ourselves what skills need to be developed to pursue future opportunities, in this shifting economy.
4 more ideas
1
Key Idea
10 Examples Of Sci-Fi’s Tech Predictions
- The electronic tablet on 2001: A Space Odyssey.
- Insect-derived foodstuffs on Snowpiercer. Nowadays there are insect-based flour and protein bars.
- Smart home de...