Surviving the Digital Age: 4 Corporate Transformations

The convergence of artificial intelligence (AI) -- machine learning -- increased global mobile connectivity, the Internet of Things, heightened computing power, virtual and augmented reality, and nanotechnology will produce a data tsunami that will require most organizations to transform how they do business. The magnitude of the coming disruption is mindboggling. One major aspect of this disruption will be the impact on employment and the resulting loss of global consumer purchasing power. According to research from the Martin School at Oxford University and Citi published in January 2016, technology has a high probability of automating 57 percent of the jobs in the Organization for Economic Cooperation and Development countries, as compared to 47 percent of the jobs in the United States alone. The corresponding high risk of job automation numbers for China is 77 percent, India is 69 percent, South Africa is 67 percent and Ethiopia is 85 percent.