#Wirewalk technologies how to
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They went as far as to say that if this strategy were properly implemented, the UK would be able to reduce the share of jobs at risk of being fully automated to less than six percent, Germany to ten percent and the US to four percent by the year 2035. In the Harnessing Revolution report, Accenture argued that fewer jobs will be lost if people are able to reallocate their skills to tasks that require more “human skills” such as complex analysis and social/emotional intelligence. However, it’s worth noting that this isn’t a zero sum game- new jobs will be created in this next wave of disruption, so to paint it (as often reported) as a net ‘loss of jobs’ glosses over some of the complexity of the changing labour force dynamic. This is a significant challenge that shouldn’t be underplayed, particularly given the way the ‘digital divide’ (a term used to reference the wide variation in digital skill levels) is likely to play out socioeconomically.

#Wirewalk technologies how to

Governments are grappling with how to train (and retrain) their populations and each of us is crossing our (yet to be automated) fingers that we’ll be in that 50% whose jobs aren’t lost. Current forecasts suggest 50% of jobs will be obsolete over the course of the next decade or so (the timeline shifts depending on which forecast you read) and this will be one of the greatest large-scale economic challenges our world has faced. The challenge of workforce automation is real and significant. History has shown us with past industrial revolutions, that we will navigate a period of significant disruption as this next wave of innovation pervades every aspect of our lives.

However, it’s not all sunshine and rainbows.

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But it’s not just about cost saving, it’s about effectiveness and reach: AI can already diagnose skin cancer more accurately than humans, provide alternative service to the 20% of clinical demands that currently go unmet (because our doctors, nurses and healthcare professionals are maxed out!) and offers a means of providing medical care and health support services to some of our most remote communities. It’s predicted that top AI applications may result in annual savings of $150 billion by 2026. As our population grows and ages, AI will likely be an essential component of how we meet the challenge of the projected ballooning of our healthcare costs. Leaders in nation’s making assertive AI plays will tell you that economic upside is not only worth playing for, in the face of automation and predicted wide-spread job loss, but some kind of coordinated AI strategy and investment is also a compulsory entry ticket to the 21st century’s main game.Īnd for all the fearmongering surrounding what the rise of technology means for people and jobs (‘Terminator’-style visions of a robot uprising, anyone?), which I’ll touch on in a moment, there’s a strong case for optimism: tech capability + human capability (a combination often referred to as augmentation) provides us with the opportunity to be faster, smarter and better problem-solvers.Īn example of this new problem-solving capability is healthcare AI, expected to receive a stunning $6.6 billion in total public and private sector investment by 2021. When I interviewed the United Arab Emirate’s AI Minister (which is a world-first portfolio), Omar Sultan Al Olama last year, he was fresh from announcing a 50-year AI strategy for the UAE that by 2030 alone is predicted to contribute $96 billion to the UAE economy (12.6% of their GDP). In 2017, China launched its New Generation Artificial Intelligence Development Plan, with a catalytic $30B investment, a strategy aimed at claiming global leadership in AI by 2030. In many ways, AI is becoming the next space race, with countries around the world announcing their strategies for global dominance. On one hand, as almost goes without saying, the impact of technology is staggering, both in terms of growth momentum and potential upside business spending on AI alone jumped 54% in 2018 and by 2030 could bump up the global GDP by $15.7 trillion, representing a 14% increase. We’re navigating a new world order… and it requires a skilful balancing act. The list of technology issues confronting our society is mind-boggling, and only growing in number and complexity by the day.