Canada Association of Tourism Employees

Expertise Disrupts Future Jobs And Abilities

Technology disrupts future jobs and skills

One thing seems clear, namely the action of governments, organizations and individuals, while in this gray area the winners and losers worldwide will undoubtedly determine. With all that is at stake, executives, executives, directors and officers, and many in the general workforce, must immediately catch up with the problems and opportunities that the gray area is creating. Measuring the “gray area” is challenging to say the least, and the best way to do it is highly controversial. One of the most common metrics is the forecast / estimated dollar value of the global market.

Earlier this year, this was done for the seventeen rapidly emerging technologies that are believed to be leading the way in the technological revolution currently taking place. It seems that the global market value of nearly $ 6.9 trillion by 2025 is a reasonable estimate. To put that in context, the $ 6.9 trillion figure is higher than the gross domestic product (GDP) for all but two countries in the world. Those countries are the United States and second is China. With such a large number, it is easy to see that the adoption and use of the seventeen technologies are emerging and will quickly spread around the world.

Emerging Technologies

With such widespread adoption of these seventeen new technologies and their large sales / market estimates, the degree of change and disruption must be significant. An individual investigation of the disruption of each of these new technologies also suggests extensive disruption. On a scale of 1 for low and 5 for high, based on the available data, the average disruption level for this technological revolution is 4.12. If you were to somehow calculate and factor in the interaction of several of these emerging technologies (with each other), the level of disruption should increase. It should be noted that these numbers are heavily influenced by general economic conditions in each country and the cumulative impact on the world economy.

This is where the rubber meets the road. As early as 2017, the BBC published an article warning that automation “will take away 800 million jobs by 2030″. Recently, McKinsey stated, “We estimate that automation could displace between 400 million and 800 million people and find new jobs by 2030.” They also noted, “75 million to 375 million may need to switch job categories and acquire new skills learn.” With numbers like this, it would be hard not to say that technological disruption is not an issue that will affect all of us in the not-too-distant future. Consider the extent of the re-education efforts that need to be undertaken based on these numbers. When will all new course materials be created and made available? It’s also important to realize that these numbers are based solely on automation, not the total amount of disruption that the seventeen emerging technologies will bring!

5 factor analysis

It is important to determine which of the disruptive technologies make the most sense for you and / or your business, and to explore those that create new opportunities. This is perhaps the greatest area of ​​risk. What if you are wrong? When examining the areas of perhaps greatest risk, here are five of the top concerns. It is based on what is commonly referred to as “5 Factor Analysis” – who, what, where, when, and how.

  1. Who can you trust for unbiased and accurate information about the causes of disruption that matter most to you?
  2. Which areas are most disrupted and when is it most likely and what impact does this have on you and your organizations?
  3. Where will change begin and where will you get the latest knowledge (course materials) about the disruptive new technologies?
  4. When does the disruption begin and move from research to early adoption and mass marketing?
  5. How do you continuously monitor the disturbances and changes in the global environment in which you compete?

After a recent webinar on disruption of new technologies, one participant decided to begin this process. After a short time in the analysis it became clear that the individual and his organization are very likely to be disturbed. Stop and think, put yourself in that person’s shoes. How would your path be in such a situation? How sure are you that you and / or your organization are not currently in the same or a similar situation? Perhaps it is time that we as professionals take the necessary steps to find out. After all, our future could very well be at risk if we are not proactive and prepared for the disruptive changes that are beginning.


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