Is Smart Technology a job creator or job destroyer
Is Smart Technology a job creator or job destroyer?
What Is Smart Technology.
Smart technology is the use of the scientific knowledge to manufacture machines to make human work easier and faster. By automating processes industries can replace many humans with a single computer. It will be cheaper and removes the possibility of human error.
How is Smart Technology A Job Creator?
Jobs that are being handed over to machines are ones that you would think would be difficult for computers to do. Mechanize cars, for example broadcasting is another example But the LA Times uses a conclusion that undoubtedly generates information on earthquakes and fills in the gaps in pre-written copy. It is worth pointing out that this is very much a supporting development, the conclusion is used to get a story up online as quickly as possible before a reporter adds more substance to the story.
But it is really not all doom and gloom. In fact, a recent report tells that technology has helped to create far more jobs than it has destroyed. The report, from consultancy firm Deloitte, was drawn from census data in the UK dating back to 1871. In part, it is due to the fact that technology has helped lower the cost of essentials, leaving more money for leisure. This has in turn created application for service jobs such as bar staff and hairdressers.
The main stream is of contracting employment in agriculture and manufacturing is being more than offset by rapid growth in the caring, creative, technology and business services sectors, the report says. Machines will take on more repetitive and heavy tasks, but seem no closer to disregarding the need for human labour than at any time in the last 150 years.
In the field of business today, the winning companies of today understand and adapt to these consumer trends and those that do not will die. The best firms tap into the most fundamental needs of new consumers Think marketplace (Amazon), information (Google), identity/authenticity (Apple) and relationships (Facebook).
Six ways that smart technology will affect business:
An opportunity to think bigger.
While some businesses may see smart technology as a disadvantage, others will be able to see the opportunities. The change in focus should not be just about connecting devic-es, but understanding how the new technology will create information that can then be-come a commodity for the business.
Marketing will change
The opportunities for marketing will be different, as a more targeted approach will be-come the new norm. Business will now be able to avoid spending budget on large spray and pray campaigns and create a personalised customer experience on a set of smart connected devices or screens.
More efficient real-time operations
The connection of all devices and business processes will give decision makers a real-time view of its operations. This will provide an opportunity for smarter decisions to be made based on more accurate data
Making smarter products
Innovation is the name of the smart technology game and with connected devices; busi-nesses will be able to create smarter and more useful connected products.
Security will become top of mind
A drawback to this revolution is the increased security threat that they pose. As hackers find new ways to breach current security precautions, a threat analysis will be required.
A more efficient workforce
Smart technology has the unfounded reputation that its implementation will replace jobs – this is not the case. The introduction of smart technology in a workplace allows for an increased productive and efficient workforce.
There is no doubt that smart technology will have a significant impact on business. Cer-tain employment positions may fall away, but these will be replaced with more opportu-nities for different positions.
In a time of seismic technological change and digital invention, smart people creating the smartest technology will reinvent and simplify business.
The report also argues that many of the jobs that have been replaced as a result of technological innovation are jobs society could happily get rid of anyway. One example of this is the clothes washing industry. Back in 1901 it employed 200,000 people (out of a total population of 35 million), but by 2011 that number had fallen to 35,000 while the population had risen to 56 million.
“A collision of technologies, indoor plumbing, electricity and the affordable automatic washing machine have all but put paid to large laundries and the drudgery of hand-washing,” the report says.
It is also clear that technology has helped boost jobs in what the report calls “knowledge-intensive sectors,” where “the accelerating pace of communication have revolutionised” certain sectors. One of those is accounting, where rising wages have driven demand for financial services. The report states that in 1871 there were just under 10,000 registered accountants in England and Wales, and there are now over 215,000.
So which way will the trend continue? Will technology continue to create jobs, or continue to destroy them? In true fence-sitting style, I think the answer is somewhere in between.
There is no doubt that those jobs listed above such as assembly line workers, bank tellers, public transit and taxi drivers, and telemarketers will continue to be replaced by cheaper and more reliable computers. But more specialist roles, where human interaction is supreme think social workers, or emergency response crews, for example, will never be fully replaced by computers.
There will certainly be no stopping the march of technology, and the resulting changes like cheaper goods will be a double-edged sword. On the one hand it will mean more disposable income for many people, spurring purchases of leisure items, which will create demand for jobs to service those requirements.
On the other hand, we will be faced with many people seeing their jobs replaced by technology. However, the recent improvements in IT education across Europe mean that many more people will have the skills required to get jobs in industries that utilise technology, instead of being replaced by it.
“Technology and mobile working are opening up a greater and more skilled pool of workers for entrepreneurial companies,” added McMorrow. “Companies are no longer constrained by having to hire from the obvious pools of talent, as technology enables employees to do their jobs from anywhere, inside or outside the physical walls of the organization.”
Companies in the technology sector are actually leading the way when it comes to em-ployment growth: they created jobs in 2013 at a higher median pace, compared to job growth among all entries in all sectors.
“In Canada, tech companies achieved a 36% job growth rate, while sectors overall clocked in at 25%,” says McMorrow.
76% of entrepreneurs surveyed plan to increase the size of their workforce in the year ahead by an average of 19%.
There is a misconception that technology will reduce jobs, but that’s simply not what we’re seeing with entrepreneurial companies says Colleen McMorrow, EY Partner and Canadian Strategic Growth Markets Leader. Our survey finds technology is helping these companies increase their cost competitiveness and efficiency, which in turn allows them to invest in their businesses and expand their workforces.
EY’s Global job creation survey also found entrepreneurs are increasingly global in their outlook and are exploiting the opportunities that technology brings them to tap the global talent pool and address skills shortages in their home market.
One of the motivations behind the advance of technology has always been to get machines to perform work that is repetitive or a drudgery for humans. That motivation will continue to drive technological progress and people holding down those kinds of jobs are at risk of losing them. In the past, however, new technologies have also been job creators; sometimes creating entirely new industries. But some analysts are asserting that the next wave of technological advancement will be different more jobs will be lost than will be created and this will create a societal crisis. Other analysts dismiss such claims and assert that the historical pattern will continue. Frankly, no one knows which camp is correct. Let’s look at the arguments from both sides starting with those that predict doom and gloom.
Technology has boosted jobs in knowledge-intensive sectors in United Kingdom ac-cording to the above data.
HOW IS SMART TECHNOLOGY A JOB DESTROYER?
That is absolutely what some reports have said, Industry analysts Gartner have predicted that one in three jobs currently done by people will be replaced by machines. “Gartner predicts one in three jobs will be converted to software, robots and smart machines by 2025,” Gartner research director Peter Sondergaard said. “New digital businesses require less labour; machines will make sense of data faster than humans can.”
And to some extent it is already happening Plenty collar jobs, such as those carried out in car assembly plants, have been taken over by machines. For some of blue-, like bank tellers, telephone receptionists and travel agents, the process of being replaced by computers began a while ago, and to many people will seem perfectly natural. There is most like a great number of people out there that have never gone to a travel agent to book their holiday; they do it all online.
• Definition of smart technology?
• How is smart technology a job creator?
• How is smart technology a job destroyer?
Sage Enterprise Newsroom
What Smart technology will really mean for business (23rd May 2016)
(assessed: 18th October, 2018)
• Robert James Abban R.J.A Technology and the world 2005 Rosery Education Ltd Hampshire RG21 2XS 3RD Edition.
(assessed: 12thSeptember, 2007)
• Stephen DeAngelis (S.D.A)
June 01, 2015
STUDENT NAME: TARIK ABDULAI
STUDENT NUMBER: 28026
INTERACTIVE LEARNING SKILLS AND COMMUNICATION.