This technology delivers us artificial capacities that we could only imagine in some fiction movies for the last few decades or so, through the period so-called the fourth industrial revolution or Industrial Revolution 4.0. Greg Simpson, a contributor from the CIO, thinks that we are closest to a type of artificial intelligence (AI) than ever. It could bring us economic growth with a massive engine that will drive economies high and sparkle productivity gains with innovation. But is that all that could occur in the near future?
In my opinion, the First, the Second and the Third revolution certainly impacted on our lifestyles, especially with technological improvements that of course have had good and bad impacts, as everything unknown in our world does. The real question is, what are the ups and downs of this development? Will the machines really step into people’s shoes for good?
The 4 Industrial Revolutions (by Christoph Roser at AllAboutLean.com)
First, the companies in the evolving markets should use (if they don’t already) a comprehensive approach to manufacturing and industry by including in their business strategy Big Data, IoT, AI, data exchanges, cloud, automation, cyber-physical systems, robots and (semi-) autonomous industrial techniques in order to fully realise smart industry and manufacturing goals in the intersection of new technologies, innovation and especially people (i-SCOOP). After all, we should not forget that we are completely opposite to machines; all set up with skills, feelings, characters, and history that make us who we are and what we represent at this stage. Even though the involvement of machines or mechanisms with super-human intelligence (AI), created by innovative approaches and materials, may not stand as a threat to humans, it will inevitably shape our future of collaboration in a whole new direction (Yann LeCun, Director of AI Research at Facebook and Professor at NYU).
If you have a look at the Pew Research Center that informs us about the attitudes, issues, and trends that are currently shaping the world, you will surely notice that their mindset includes massive disruption of jobs. By now we have already acknowledged that the main area influenced in jobs will be robotics, automation and artificial intelligence (AI), using which we could perform more tasks and it could be created to meet new demands, according to Lee Rainie and Janna Anderson in the article, The Future of Jobs and Job Training.
Secondly, we are witnessing the initiation of the Industrial Revolution 4.0, and from history, it is known that after similar periods of development there have always been more jobs created than destroyed. Identification and market adjustment to the advanced technology level is how we could create more efficient and productive jobs. Therefore, if you want to adjust your experience level as an employer or employee, you shouldn’t overlook the studies from SSRN papers, Oxford research and a brief from McKinsey & Company about the employment and growth at this stage.
According to studies, key facts of our future working conditions will have an impact on several areas of our lives. For your convenience, I summarised a few of them:
Side-by-side working – because of the new machines, tools, and other automation, we will have to learn to work side by side with them and improve our services.
We will use full data analysis to grow our services – we will be able to use more mature ways to support our tasks.
Challenges and opportunities
New technologies create new challenging opportunities.
We will inevitably have to go through a transition phase, which is usually short and it has already started, according to a few sources.
The current jobs model is going to collapse – every year there are more people working in gigs and part-time jobs than in the 9-5 jobs.
People will work in higher values services where we will meet our needs.
Key job sets
It will be important to include availability, performance, and security of services.
Lastly, the digital world will fulfill our way of life and work balance with enormous curiosity and fascinating qualities from data. To all of you who would like to be an active part of the evolving market, I concur with Mr. Marr:
– to consider the job in the future of AI,
– to consider finding a job in data,
-by using data to find a perfect job (using services like glassdoor.co.uk),
-by becoming data handlers and being comfortable with using data in job and
-“AI socialising” – making friends with AI assistants such as Google’s Now, Microsoft’s Cortana, Amazon’s Alexa or Apple’s Siri.
(Bernard Marr, a Contributor from Forbes, Jun 2017, Article: 5 Simple Tips To Help You Survive The 4th Industrial Revolution)
Believe me; you will certainly sense the potential in your career improvement by making those steps at this stage of evolution, without a sense of fear of being less valuable than machines. Regardless of everything known, we have a huge advantage in emotional intelligence that may not be disregarded. To conclude, I think a quote from Mr. Amit Ray will stand and should make you think about the impacts on your future:
“As more and more artificial intelligence is entering into the world, more and more emotional intelligence must enter into leadership.”
Other sources: 5 Mindsets Only the Most Successful Job-Seekers Have, Nov 15, 2016 https://careerconnectors.org/5-mindsets-only-the-most-successful-job-seekers-have-2/ The Future of Jobs and Jobs Training, May 3, 2017 http://www.pewinternet.org/2017/05/03/the-future-of-jobs-and-jobs-training/ Industry 4.0: the fourth industrial revolution - guide to Industrie 4.0 https://www.i-scoop.eu/industry-4-0/