A recent Article states that automation will result in the biggest reduction in headcount across the U.S. banking industry in its history, with an estimated 200,000 job cuts over the next decade – this according to Wells Fargo & Co.
Maurice Conti is the Chief Innovation Officer at Alpha focused on what he calls the Augmented Age. He talks about it this way: We’re heading for a future where our natural human capabilities are going to be radically augmented in three ways: Computational systems will help us think. Robotic systems will help us make. And a digital nervous system will connect us to the world far beyond what our natural nervous system can offer.
A popular question these days is: Will a robot take my job? That question is as popular as: what should my child study in school? At the heart of both questions is the fear that we as a society will automate anything that can be automated. This website may help bring some clarity – at least in the context of automation risk level. It’s very quick, simply enter your job and an automation risk level expressed as a percentage will be returned.
Ultimately, these questions are difficult to answer, as we cannot predict the jobs of the future – and required skill levels could be a moving target. The progression of automation can be viewed on a spectrum from augmenting humans to fully conscious machines. There are arguments being made on both ends of this spectrum – time will tell.
In this last segment from the Health Summit in D.C., I responded to a question regarding loneliness, isolation and the policies that might help address this societal issue. Is it strictly a policy question? Like everything else in this exponential world, are building blocks emerging to address such issues in different ways? Like say, social robots?