By Dean Workman
Daniel Schwartzkopff, Co-Founder: DataProphet
The Fourth Industrial Revolution will dramatically reshape the world of work and force us to rethink our approach to our careers, our lives, and our aspirations. With a global market estimated to reach $70 billion by 2020, machine learning is driving fundamental change in the way every industry operates. Learning algorithms are already pioneering advances in customer service, manufacturing, healthcare, auditing, legal counsel, and insurance underwriting, with more industries to follow.
Old notions of job security have all but disappeared: the thought of working for the same company for 40 years until retirement is laughable. In 1965, corporations remained in the S&P 500 Index for an average of 33 years; by 2012 this had already shrunk to 18 years. With the rapid pace of development bankrupting and displacing large behemoths like Kodak and Blockbuster, no one should be under the illusion that a company is too big to fail.
Rise of the machines
In PwC’s latest report on the impact of automation, up to 38% of jobs in the US are at risk, with Germany (35%) and the UK (30%) not far behind. And it’s not manual labour that is most in peril: accountants, lawyers, call centre agents, machine operators, Click here to read entire article
Source:: IT News Africa