Industry
Cyber-Phy
The application of technology to do
more with less is nothing new, but with
each industrial revolution, technology
has created new ways of working and
new forms of work. Understanding
the potential opportunities and risks
of automation is the latest frontier for
the fourth industrial revolution, cyberphysical
systems.
McKinsey predicts that 800 million workers could be
displaced in 42 countries, or a third of the workforce, because
of the Fourth Industrial Revolution. Whilst this figure is
certainly alarming, the accuracy of such a bold statement must
be called into question. As with every other revolution before
us, the predictions for economic disruption and job losses have
been equally bleak, however, ultimately not coming to fruition.
It is far easier to predict which roles will become obsolete as
technology advances, rather than foresee the creation of new
roles.
In a recent report conducted by Dell with the Institute for the
Future, they predicted that 85% of the jobs that will exist in
2030 haven’t even been invented yet, citing the rapid pace of
change and technological advancement as the core reasons for
such upheaval in the jobs market as we know it.
The key for any future role will be in adopting the right
approach to securing and developing talent, founded
in continual, lifelong training. During previous industrial