staff survival
Artificial Intelligence-led robots vis a vis jobs: For staff survival, education has to be the new mantra
Given how artificial intelligence-led robots and machines are doing even non-repetitive jobs that require cognitive skills, most analysis on them paint a never-before kind of across-the-board job destruction with, unlike in the past, no new job-creating areas coming up--the 2016 Oxford Martin School-Citi report said automation in developing countries puts 85% the jobs at risk. New research by McKinsey Global Institute (MGI) paints a less grim picture--while around 5% of jobs that exist today are completely automated immediately, around 30% of the work done in around 60% of jobs can also be automated by 2055. As a result, while talking of very large productivity gain of 0.8-1.4% per annum, MGI point to the need for man and machine to work together to derive this benefit, and it is not just at low-skill jobs that the challenge will arise. A fourth of even a CEO's job, MGI says, can be offloaded to an algorithm/AI entity. For the rest, it depends.