From DSC:
First, some items regarding the enormous emphasis being put towards the use of robotics and automation:
- $18.867 billion paid to acquire 50 robotics companies in 2016 — from robohub.org by Frank Tobe
Excerpt:
2016 was a banner year for acquisitions of companies involved in robotics and automation: 50 sold; 11 for amounts over $500 million; five were over a billion. 30 of the 50 companies disclosed transaction amounts which totaled up to a colossal $18.867 billion!
. - 2017: The year people are forced to learn new skills… or join the Lost Generation — from enterpriseirregulars.com by Phil Fersht
Excerpt (emphasis DSC):
Let’s cut to the chase – there have never been times as uncertain as these in the world of business. There is no written rule-book to follow when it comes to career survival. The “Future of Work” is about making ourselves employable in a workforce where the priority of business leaders is to invest in automation and digital technology, more than training and developing their own workforces. As our soon-to-be-released State of Operations and Outsourcing 2017 study, conducted in conjunction with KPMG across 454 major enterprise buyers globally, shows a dramatic shift in priorities from senior managers (SVPs and above), where 43% are earmarking significant investment in robotic automation of processes, compared with only 28% placing a similar emphasis on training and change management. In fact, the same number of senior managers are as focused on cognitive computing as their own people… yes, folks, this is the singularity of enterprise operations, where cognitive computing now equals employees’ brains when it comes to investment!
…
My deep-seated fear for today’s workforce is that we’re in danger of becoming this “Lost Generation” of workers if we persist in relying on what we already know, versus avoiding learning new skills that business leaders now need. We have to become students again, put our egos aside, and broaden our capabilities to avoid the quicksand of legacy executives no longer worth employing.
Below are some other resources along these lines:
- Our Automated Future — from newyorker.com by Elizabeth Kolbert
How long will it be before you lose your job to a robot? - Artificial Intelligence: Silicon Valley’s Next Frontier – from toptechnews.com by Ethan Baron
- The Great A.I. Awakening – from the nytimes.com by Gideon Lewis-Kraus
- 2017 will be big year for AI thanks to tech giants — from cio.com by Matt Kapko
- The Robotic Grocery Store of the Future Is Here — from technologyreview.com by Jamie Condliffe
- IBM & Rice University Partner to Build a Robot for the Elderly — from finance.yahoo.com
- If a Robot is Going to Take My Job, Should it Pay My Taxes? – from datafloq.com
- The White House is prepping for an AI-powered future — from wired.com by April Glaser
- Artificial intelligence could cost millions of jobs. The White House says we need more of it. — from gazette.com by The Washington Post
- Retail inventory robots could replace the need for store employees — from interestingengineering.com by Trevor English
- Apple supplier Foxconn replaces 60,000 humans with robots in China — from marketwatch.com
- There are now 260,000 robots working in U.S. factories — from marketwatch.com by Jennifer Booton
- Robots expected to run half of Japan by 2035 — from engadget.com by Andrew Tarantola
- and many, many more…
From DSC:
Given that these trends continue (i.e., to outsource work to software and to robots), what will the ramifications be for:
- Society at large? Will enough people have enough income to purchase the products/services made by the robots and the software?
- Will there be major civil unrest / instability? Will crime rates shoot through the roof as peoples’ desperation and frustration escalate?
- How we should change our curricula within K-12?
- How should we change our curricular within higher education?
- How should corporate training & development departments/groups respond to these trends?
- Is there some new criteria that we need to use (or increase the usage of) in selecting C-level executives?
People don’t want to hear about it. But if the only thing that the C-level suites out there care about is maximizing profits and minimizing costs — REGARDLESS of what happens to humankind — then we are likely going to be creating a very dangerous future. Capitalism will have gone awry. (By the way, the C-level suite is probably making their decisions based upon how their performance is judged by Wall Street and by shareholders. So I can’t really put all the blame on them. Perhaps the enemy is ourselves…?)
Bottom line: We need to be careful which technologies we implement — and how they are implemented. We need to create a dream in our futures, not a nightmare. We need people at the helms who care about their fellow humankind, and who use the power of these technologies responsibly.