Fourth Industrial Revolution is a reskilling revolution › uploads › speeches › 2019... · 2019-03-28 · Pobuca perspective. Visual designers. UX specialists. Virtual Interaction

1 | POBUCA | 2019 | CONFIDENTIAL Your Growth. Our responsibility.

Fourth Industrial Revolution is a reskilling revolution

StavrosLangousis

CTOMarch 2019

Your growth. Our responsibility.

Fourth industrial revolution1 Robotics

4

23

56

Artificial intelligence

Nanotechnology

Quantum computing

Biotechnology

Internet of Things

7

8

9

Decentralized consensus

5G

3D printing

9 Fully autonomous vehicles

Presenter

Presentation Notes

No animations

How Will the Fourth Industrial Revolution Impact the Future of Work?

50%of current work activities are technically automatable

6 of 10current occupations have more than 30% of activities that are technically automatable by adapting currently demonstrated technologies

20%of the global workforce will be impacted by the adoption of AI and automation

50%of companies by 2022, believe that automation will decrease their numbers of full-time staff

400-800million workers will be replaced by robots across the world

By 2022no less than 54% of all employees will require significant re- and upskilling

andAdvanced economies will be more affected by automation than developing ones

Sources: McKinsey Global Institute, World Economic Forum

Presenter

Presentation Notes

Low skilled jobs are the easier to displace since they have a lower creative element, involve lower decision making, and a lesser degree of analytical processing. Substantial cost efficiency can be achieved through mass scale jobs displacement. Low skilled process jobs are especially easy targets for replacement by Robotics. The displacement path for white collar workers is more difficult because of the degree of skill specialisation, the high degree of decision making, and the high level of analytical processing involved. The likely first stage would involve the partial automation of their job by implementing Robotic Process Automation (RPA) aimed at automating the routine components of their job. This is happening now, but it requires a non-trivial amount of analysis to identify, specify and encode the relevant business logic, workflow, decision / escalation points, etc.; and this must be repeated for each job type.

Automation risk1

4

23

56

Administrative and Executive Secretaries

Assembly and Factory Workers

Financial Analysts

Mechanics and Machinery Repairers

Telemarketers

7

8

9

Bank Tellers and Related Clerks

Car, Van and Motorcycle Drivers

Sales and Purchasing Agents and Brokers

9 Lawyers

Accounting, Bookkeeping and Payroll Clerks

Presenter

Presentation Notes

Not only will people lose their jobs, but those jobs will simply disappear! This is not about education, or retraining redundant workers; the jobs simply will not be there.

5 | Company Name | Date 2018

What is reskilling and upskilling

VSUpskillinglearning new competencies

to stay in current role, due to

the change in skills required,

or adding certain

competencies for career

progression

Reskillinglearning new sets of

competencies to transition

to a completely new role

DemandSupply

Focus on human skills

Complex problem-

solving

Emotional

intelligence

Critical thinking Leadership and

social influence

Creativity and

originality

Persuasion and

negotiation

It’s time to act!

Create a in-company

lifelong learning system

1

Augmentation strategy to

empower employees to

extend to their full

potential

2

A mindset of agile

learning will also be

needed on the part of

workers. They should

take personal

responsibility for one’s

own lifelong learning and

career development

3

We need upgraded

education policies aimed

at rapidly raising

education and skills levels

of individuals of all ages

4

Presenter

Presentation Notes

‘augmentation strategy’ = an approach where businesses look to utilize the automation of some job tasks to complement and enhance their human workforces’ comparative strengths and ultimately to enable and empower employees to extend to their full potential. Example: Customer support and bot to assist the employee who does the support.

Pobuca perspective

Visual designers

UX specialists

Virtual Interaction Designers

Black box testers

Report designers BI specialists Data

scientists

Requirements understanding

Quality assurance

Presenter

Presentation Notes

For testing: Can’t think outside the box: Automated software testers can only do what they are programmed to do. Their capability is limited and cannot go beyond whatever algorithm or programming is stored in their internal circuit.

We continuously try to upskill or reskill our personnel to

meet the new demands.

Lifelong learning is a key concept in our organization!

Contact and find us

Thank you!

London & Athens

UK, LondonGreece, Athens [email protected] www.pobuca.com+30 2130 1790 000

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Fourth Industrial Revolution is a reskilling revolution › uploads › speeches › 2019... · 2019-03-28 · Pobuca perspective. Visual designers. UX specialists. Virtual Interaction