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The document discusses the implications of automation on the future of work. It notes that technological advancements are emerging rapidly and estimates that 38-60% of current jobs are at risk of automation. While short-term job destruction may occur, new jobs are often created. The impacts will vary across industries, education levels, and countries. Reskilling the workforce through education and retraining initiatives will be important to manage these changes. Collaborative robots and exoskeletons are beginning to transform some industries like manufacturing by augmenting human workers.

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163 views

Final Presentation Small

The document discusses the implications of automation on the future of work. It notes that technological advancements are emerging rapidly and estimates that 38-60% of current jobs are at risk of automation. While short-term job destruction may occur, new jobs are often created. The impacts will vary across industries, education levels, and countries. Reskilling the workforce through education and retraining initiatives will be important to manage these changes. Collaborative robots and exoskeletons are beginning to transform some industries like manufacturing by augmenting human workers.

Uploaded by

api-300835252
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Automation and

Implications on the
Future of Work

March 20th 2017


Background

Technology is one of the five megatrends that will influence work

Fourth Industrial Revolution builds on Robotics, and Artificial


Intelligence

History of technological developments show short-term job destruction


followed by creation of better jobs

Current technological advancements are emerging at an alarming rate

Source: Inception Report for the Global Commission On the Future of Work, 2017
Current Trends

Organization Estimates of automation risk

University of Oxford 47% of American Workers


PricewaterhouseCoopers 38% of jobs in US
ILO (Chang and Huynh) 56% of jobs at risk in next 20 years
McKinsey 60% of all occupations have at least 30% of activities at risk
of automation

OECD 9% of jobs at high risk


World Bank 67% of jobs in developing countries

Source: Inception Report for the Global Commission On the Future of Work, 2017
Potential for Automation: Education
Impact on different industries

Source: McKinsey, A Future that works


Impact in Different Countries

Source: McKinsey, A Future that works

Source: McKinsey, A Future that works


McKinsey, Job lost Job found
Impact in Different Countries
Societal and Labor Implications
Reskilling Revolution

- Assess current and future needs for - Update educational systems


skill requirements for workers - Implement Retraining Initiatives
- Increase interaction with universities (Sweden2 and Singapore3)

Source: (1) The Future of Jobs and Jobs Training, Pew Research Center, 2017
(2) Back to Work Sweden, OECD Report, 2015
(3) Skills for the Future, Singapore, 2018 http://www.skillsfuture.sg/
Automation in
Industrial
Manufacturing
Burak Gursoy
Corinne J. Healey
Giorgio Parlato
Matthew Schachte
Susruthreddy Busireddy

March 20th, 2017


Increased
automation is
changing
Global
Production
Networks

Supply Chain 4.0 in consumer goods, McKinsey - By Knut Alicke, Daniel Rexhausen, and Andreas Seyfert 11
Skill Levels in Manufacturing
% of Executives reporting lack of:

Skills Shortage:

Source: U.S. Bureau of Labor Statistics 12


Trends in the industry

Source: The Great Re-make: Manufacturing for Modern Times, McKinsey 13


Challenges Opportunities
Attracting and retaining skilled Lower long-term costs and more
employees to operate technology efficient production mechanisms

Predicting future required skills Reducing injuries and fatalities


and educating workforce

Providing job security to current Increasing opportunities for higher


employees educational employment

Source: MIT Sloan Sustainability Initiative 14


Collaborative Robots at Ford

“Making tasks easier,


safer and quicker, to
complement our
employees”

Source: http://social.ford.co.uk/do-robots-take-sugar/
“Wearable Robots”

Exoskeletons give the


wearer extra strength,
allowing them to lift
objects “hundreds of
kilograms” in weight,
decreasing injuries
and physical toll on
employees

Futurism: Hyundai is Developing an Iron Man-like Robotic Exoskeleton

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