FUTURE TALENT March-May 2019 | Page 22

F FRONT OF HOUSE Questions to unlock change conversations • What do we talk about but never resolve? • What do we not talk about that we need to talk about? • What does the space look like in our organisation where we can have those conversations? • If we had those conversations, what could be different in three years? How is machine learning transforming the future of work? Machine learning – whereby computers are fed data and learn things they weren’t explicitly programmed to do – is not new, pointed out Saïd professor of operations management Matthias Holweg; what has transformed it is today’s abundant computing power and the sheer quantity of available data. Naturally this is disrupting every facet of society and introducing ethical issues around privacy, replication of results and algorithmic bias. “Technology has displaced humans from the workforce every time it has been introduced; but it has also created opportunities,” said Holweg. “So the interesting question is not whether it will displace human labour, but in what form and what opportunities may arise; what will be its net effect?” He believes that “virtually all professions will be augmented by artificial intelligence (AI); for example, using machine-learning Questions for your change journey • What are we going to leave behind? • What are we going to take with us? • What do we need to do to transform? • What is our purpose? “Virtually all professions will be augmented by AI” tools to go through evidence in court cases; or image-recognition technology in medical diagnostics. However, three human qualities remain challenging to automate: complex social interaction, creativity, plus sensory perception and basic physical manipulation. “Those are the three areas where the human has an advantage,” he said. This means that today’s leaders need not fear a takeover by the machines, concluded Holweg, but he cited the famous words of American computer scientist Roy Amara: “We tend to overestimate the effect of technology in the short run, and underestimate the effect in the long run.” FT 22 // Future Talent Future Talent Leaders' Club The Future Talent Leaders’ Club is an exclusive members club for leaders in business. For further information, contact [email protected]