Ever wondered where your course of study will lead you to in the next few decades? Researchers have begun to predict what professions will linger and which ones will die out. That means, good news for some of us and bad news as well. If it turns out to be against our favor, not to worry! We sure aren’t useless! We just need to be creative with our knowledge and skills.
Last week, on Thursday, Mr. Cheang (Former Executive , gave a talk in our plenary theatre on this very same topic : The Future of Work-Living in an Age of Disruption. Being the Former Executive Director of Institution of Engineers, Malaysia (IEM), he is an expert in the area of engineering policy and government, industry and media relations.
He spoke of the many challenges of today such as The Technology Revolution, Work in an Age of Disruption, Reinventing Yourself, and Navigating your career. These were the highlights of his talk, and this is me just taking you through them swiftly!
He started off with the four stages of the industrial revolution:
- First: Mechanisation, water power, steam power.
- Second: Mass production assembly line, electricity.
- Third: Computer and automation.
- Fourth: Cyber physical systems.
Did you know that 12 disruptive technologies were identified in the World Economic Forum Handbook, on the Fourth Industrial Revolution (forthcoming, 2017)? Some of which we indulge in, in our day to day lives, perhaps without even realizing it.
- 3D Printing
- Synthetic biology
- Virtual and augmented reality
- New computing technologies
- Neuroethology: Enhancing the human brain and refreshing society
- Artificial Intelligence
- Block chain and distributed ledger
- Energy capture, storage and transmission
- Advanced materials and nanotechnology
- Space technologies
- Internet of Things
Social media and the datas collected from it are through artificial intelligence. Internet of Things (IOT) constantly connecting machines to machines and getting rid of human beings. Simple example: The Apple Watch that connects to your phone and shows your messages, calls, etc? That’s using Internet of Things right there! Controlling your home lighting system from your phone or tablet? IOT again.
As robots and other advanced technologies become more efficient, effective and productive and take over tasks previously performed by humans, there is increasing concern about the future of jobs and wages. Robots are responsible for up to 670,000 lost manufacturing jobs between 1990 and 2007 in the US and that number will rise because industrial robots are expected to quadruple.
Here’s something to think about: Will technology help people do their jobs more efficiently and create new ones, as it has in the past…or will it eventually displace humans? Because after all, humans work for food, and robots work for FREE.
99% of human qualities and abilities are redundant for the performance of most routine jobs. As artificial intelligence becomes smarter, it will push humans out of the job market: Within the next 20 years, 47% of all US jobs are at high risk of being made redundant by artificial intelligence!
I’ve just left you all with some very depressing information, but hey, don’t worry guys! If it’s any consolation, I’m in the exact same boat as all of you guys, and these insights left me racking my brain for answers just like you probably are too! (teheee)