A huge share of survey respondents from the industry indicated that, by 2022, their company was “likely” or “very likely” (on a 5-point scale) to have adopted new technology as part of its growth strategy. New technologies can drive business growth, job creation and demand for specialist skills but they can also displace entire roles when certain tasks become obsolete or automated.Īt the same time, our belief is that these transformations, if managed wisely, will lead to a new age of good jobs, good work and improved quality of life for all.įirst, let’s see how technology adoption can affect the Information and Communication industry according to The Future of Jobs Report 2018. However, there are complex feedback loops between new technology, jobs, and skills. Hence the idea that innovative technology at a large scale does not replace human work but enhances it by increasing productivity and thus output levels. It’s commonly accepted (and also debated) that the introduction of new technologies has displaced skilled workers but created demand for jobs. This isn’t the first industrial revolution that creates worries about technological unemployment.
Everything was planned, shaped for the benefit of economies and societies, and the implications of changes to work for individuals, for their livelihoods and for the youngest generations studying to enter the workforce down the line.Īre we alarmed that this change will have a negative impact on the workforce? The truth is that many in the marketplace are wondering if new technologies will replace the human employee. It is quite essential to develop a clear sense of what is happening around in the labor market and understand how these changes are affecting your Industry. If you are not seeing it, you won’t be able to avoid it whether you like it or not. The world is changing, and that’s a good thing.
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