The Future of Work - lifelong learning and strong leadership is key

The future of work is really about the future of humankind — and its impact will be a game changer 

      

When machines become workers, what is the human role? 

The key word in the Nexttech revolution will be human augmentation. 

The way we work is being redefined

The future of work is more than technology: We are exploring how work is being re-invented, not just by technology, but also by demographic factors (e.g., millennial workers) , cultural drivers and distributed workforces, not having to be in same office or even in same country as your co-worker , 

The Life  Long Learner 

Learning and education: is a key part of the future of work -  front-loaded educational systems such as 3-5 year full time university degrees - will be a thing of the past - a relic. 

The future of work will be all about the lifelong learner -  where people will choose to work at a firm to gain a specific skill. Corporations will align to universities - so tenure in a job will earn a diploma or a degree. 

Leadership

Leaders in both the private and public sector need to plan and prepare for the future of work. 

Companies need to have a solid Human Resources policy and programme - incorporating  talent, employee motivation, recruiting, training and skills development. 

Governments need to explore safety net solution, such as a universal basic income or a permanent Jobkeeper programme .

So the question for you is 

Where to from here?

What do you need to do to be at the forefront and on the right side of the #nexttechRevolution. 

One thing I do know - is that to survive and thrive - everyone of us - in whatever role we play - will need to embrace change - and we all need to “learn how to learn”

Things to focus on to get ready for the Nexttech Revolution

2020 has been the Gateway to the  Nexttech Revolution - where  computing continues to climb the exponential curve at speeds that are leaving us breathless.. 

New technologies, AI, 5G , Robots and  people are converging to eliminate inefficiencies and frictions from markets. 

The physical world is being sensed, tagged and linked to the Internet with massive  amounts of new data being generated and stored as storage capacity in the cloud has become  virtually infinite. 

AI algorithms are analyzing that data. New market interfaces are arising. Blockchain technology shows promise to establish trust between market participants in a decentralized, encrypted and secure manner. 

The convergence  of real-time communications, blockchain and the IoT is creating  “stock exchanges” for all kinds of goods and services - not just commodities.

Manufacturing-as-a-Service (MaaS) platforms will enable you to get parts into production in less than five minutes.

Fast-tracking drug research and testing will  enable pharmaceutical manufacturers to save major cost (on average, in excess of $1 billion) and time (10-15 years) for new drug development.

Connectivity  will continue to become more ubiquitous - at the expense of privacy - zoom will be like the black and white tv - think  chips in brain - that will enable you to click between real and virtual - blink to see data about person you look at .

 AI will exceed human levels of intelligence - blurring of man and machine - including emotional intelligence on so many levels - there won’t be a job or profession that won’t be augmented and possibly replaced by AI. AI applications and adoption is projected to boost global GDP by between $13-15 trillion by 2030.

EAAS - everything as a service the sharing economy is making excess  or idle capacity  a thing of the past! 

• Uber is the world’s largest taxi company but owns no cars; giant retailer 
• Alibaba stocks no inventory, serving instead as broker between buyers and sellers; 
• Airbandb don’t own property 
• Instagram, doesn’t make or sell cameras.

This sharing economy model is spreading from cars and apartments to expensive but under-utilised capital equipment — from tractors to magnetic resonance imaging (MRI) machines), and from drones to manufacturing equipment.All are  available on an as-a- service basis.

The model will also extend to services industries, where individual skill capacities are currently  under-leveraged.... (this will proliferate the GIG  economy!) . 

Think Uber for training - where universities are a thing of the past - major disruption 

The increasing recognition of your personal data as a valuable asset will likely lead to new personal data exchanges, and the power will well and truly be transferred from the corporation and government to you! The collateral damage will be the loss of our privacy! 

The current critical skills shortage will worsen. Simultaneously, over a fifth of today’s workforce faces displacement by technology(800 million people) - will we need a universal basic income? 

Those at the forefront of this #nexttechrevolution will seize the largest shares of these gains.

So, what do you need to do to take advantage of this Nexttech Revolution?

Consider people first. 

Revamp your approach to human resources and talent, employee motivation, recruiting, training and skills development. 

Educate and reskill your people -prepare them for the future of work - enable your teams to use AI and tech!!

Emphasize skill over knowledge and lifelong learning over front-loaded educational systems.

Implement new technologies. Automation and AI, block-chain and big data: these elements of the #nexttechrevolution have the power to generate major competitive advantage. 

Here are some questions that a company entering the Nexttech Revolution need to think about 

• How will machines and humans partner to do what each of them does best? 
• What can business and governmental leaders do to enable this?
• How do we teach people to learn how to learn?
• Do your people have the skills they need to work alongside robots and algorithms? 
• What responsibility do businesses and governments have for preparing workers for the era of automation? 
• What is the future of retirement?
•  Is your  organization attuned for the new capabilities of smarter manufacturing?

Sources 

https://traccsolution.com/blog/megatrends-2030/

DOWNLOAD Recovery and resilience: Safeguarding and strengthening the supply chain to thrive through uncertainty for practical strategies to help you safeguard your supply chain and ensure resilience in times of disruption.

1‘The United Nations Department of Economic and Social Affairs, Population Division

2‘Global Trends 2030: Alternative Worlds,’ US National Intelligence Council, page iv

3‘Fourth Industrial Revolution: Beacons of Technology and Innovation in Manufacturing’, World Economic Forum, January 2019, figure 2, page 9

4‘https://xconomy.com/san-diego/2019/08/07/organovo-halts-liver-tissue-rd-plans-restructuring-to-cut-costs/

5‘What’s after what’s next? The upside of disruption’, EY, 2018, page 17

Sources

‘Nothing to fear from imminent Blade Runner world’, Business Day, 25 September 2019

‘What’s after what’s next? The upside of disruption’, EY, 2018

‘Manufacturing-As-A-Service Platforms: The New Efficiency Revolution’, Marco Annunziata, forbes.com, 13 May 2019

‘From the AI Frontier: Modeling the Impact of AI on the World Economy’, McKinsey Global Institute, September 2018

‘Navigating a World of Disruption’, McKinsey Global Institute, January 2019

‘The World in 2030: Nine Megatrends to Watch,’ Andrew S. Winston, MIT Sloan Management Review, 7 May 2019

‘Five Megatrends And Their Implications for Defense & Security’, PwC, November 2016

‘2018 Revision of the World Urbanization Prospects’, Population Division of the United Nations Department of Economic and Social Affairs (UN DESA), 2018

‘Global Trends 2030: Alternative Worlds’, US National Intelligence Council, December 2012

‘Fourth Industrial Revolution: Beacons of Technology and Innovation in Manufacturing’, World Economic Forum, January 2019

‘WTO lowers trade forecast as tensions unsettle global economy,’ World Trade Organisation Press Release, 1 October 2019

time.com

xconomy.com

Major Disruption to Education is about to happen

A great insight from EYs report on the future of work - written in 2018 - where they talk about the 5 Megatrends - they highlight the importance of Lifelong Learning 

“Learning: Education is a central pillar of social contracts. But, today’s educational systems are fundamentally misaligned withthe future of work. 

We, therefore, expect to see a long-overdue disruption of education. 

The social contracts of the future will have

a new approach to learning: one that is lifelong, technology-enabled and entered on developing skills instead of imparting knowledge.”

https://staging-area.info/EY/ey_report_v14_v04E_INTERACTIVE.pdf

Soft Skills and negotiation are key to your future of work

The World Economic Forum’s Future of Jobs Report 2020 points out that texhnology trends are going to severely effect the future of work, displacing over 85 million jobs in the next five years.

It is key for those that will need to work in the future - will need talent to be lifelong learners and effective negotiators - with skills such as persuasion, collaboration, negotiation, emotional intelligence and social influence being key skills needed by the lifelong learner in the lead up to 2025.

What is your business doing to upskill your team in these skills?

Would you be open to join us as our guest at our Nexttech transformation forum’s - where we will be discussing and socialising these key skill sets with global leaders.

If you are interested like or comment below and lets see how we can collaborate

#lifelonglearning NextTech Learning #bbg #bbgforum

The future has arrived - will Zoox disrupt Uber and Taxis?

Time for taxi drivers to #reskill and #relearn

Welcome to the #nexttechrevolution

The future has arrived !!

Interesting dynamics at play

Woking from home 

Employing from anywhere

The office is a relic

Taxi drivers and Uber  are like the horse and cart 

What are you going to #reskill or #relearn

Are you a #lifelonglearner

Do we need to disrupt the worlds physical economy to prevent climate change?

An interesting article from the notes of BIll Gates got me thinking 

https://www.linkedin.com/pulse/heres-how-us-can-lead-world-climate-change-innovation-bill-gates

Do we need to disrupt the worlds physical economy to prevent climate change? 

Maybe change from a capitalist economy to a central economy - where people are aligned - 

Bill gates called out the microbe a few years ago and the world 🌎 was not ready for Covid-19!

What can we learn about this pandemic/disaster  to be ready for the next one? What will the next one be ? 

Will it be as a result of climate change? 

Possibly!! 

What can we do to prepare or prevent!

It’s  time to disrupt the physical economy - and  spend time, thought, money ingenuity, energy and focus on  innovation in climate change he says!

How do we eliminate the world’s greenhouse gases. 

How can we generate and store clean electricity, grow food, make things, move around, and heat and cool our buildings, so we can do all these things without adding more greenhouse gases to the atmosphere.

We need to spend more on Climate Change - that I believe we all agree! 

Government investment and focus  - innovation and where people focus their energy follows the money 

The USA  puts around $7 billion a year into clean-energy research, versus more than $35 billion a year into medical research. Putting energy on equal footing with health would be a key first step that would create more than 370,000 jobs while also advancing a clean-energy agenda.

All the governments in the world spend about $22 billion a year on it, or around 0.02 percent of the global economy. Americans spend more than that on gasoline in a single month.

I do not believe there will be any argument with increasing funding significantly for climate change  and there should  total support 

I think the How - is a bit controversial 

A coordinated approach?

Bill Gates suggests we create a central organisation .....Is this not the policy of China 🇨🇳.?

“There’s no central office that’s responsible for evaluating and nurturing great ideas.”

We need a central office that’s responsible for evaluating and nurturing great ideas. 

This will  reduce duplication and encourage collaboration - and get the most innovation out of every dollar of funding, 

Is a central body the best way?  Will this not inhibit innovation ....

If there is such a body - Should this body not fund - and encourage innovation through funding? 

One thing we know is that innovation follows the money !

The Economy or our Society - should it be a Capitalist based economy or a Centralised economy ?

a central organisation was not done

• to find a Covid-19 vaccine ... 
• nor get a computer to every human on the planet .... There was a Microsoft vision to it was not a government body that did so! 
•  nor  make iPhones go viral - 
• nor did the government innovate discover the first Ford or plane.....

Although I have no doubt there has been massive government support 

There have  also been massive innovations in China - based on a centralised government . (5G case in point )

Who should control the agenda? A central body? 

“The supporting of the National  Institute of Health of The Gates Foundation’s work in global health simply would not be possible without the countless advances made by the NIH.” Says Bill 

They supported it , helped fund it - encouraged collaboration - but did not control it 

To find a solution - do we need to  encourage innovation - encourage  competition but also encourage collaboration .

Or

 control the agenda through a centralised body run by Government 

Maybe encourage innovation by supporting those working on solutions - or rewarding companies through competitions like the Olympic Games? 

The benefits of a Centralised Body

Central Organisations that control agendas - seems to be  the policy of China - which innovates brilliantly - those that are aligned with the central body will be rewarded - those that don’t will be punished - 

 decisions and funding is based on aligned thinking - stuff gets done and problems get solved.

 Bill, is that what you are suggesting? 

Or are you suggesting a body that will fund, encourage and support innovation -and still encourage free trade and thought and equity? 

So who is your biggest competitor

A great Insite from Amanda Johnstone 

Why does Netflix manage to reinvent itself over and over again?

When Amazon CEO Jeff Bezos was asked in an interview who is the biggest competitor to Amazon Video, he told Netflix. 

When Apple CEO Tim Cook was asked in an interview who is the biggest competitor to Apple TV+, he told Netflix. 

But when Netflix CEO Reed Hastings was asked who is Netflix's biggest competitor, he told Tik Tok.

A company who can completely turn his business model upside down with a new customer behaviour!!

It was Youtube at the time that Reed Hastings woke up that online videos are the future & his DVD rental is doomed. If he had compared himself to the video counter market leader blockbuster - Netflix would have been history long ago.

“My direct competitors determine my price pressure, my customer acquisition costs, my profit. This is where I have to deliver in order to be able to play. But my prospective (implicit) competitors determine my entrepreneurial survival & the durability of my business model.

Only those who are wondering with whom I really compete for usage behavior & attention will wake up early enough & be able to reinvent themselves.”

Who is your competitor ? 

#innovation #leadership #disruption #strategy