Preparing the Workforce for Future Automation

PREPARING THE WORKFORCE FOR
FUTURE AUTOMATION
STUDENT NAME

TOPICS OF DISCUSSION
■ Automation and AI (Artificial Intelligence)
■ Accelerating progress in automation: opportunities for business, economy and
society
■ AI and Automation: effect on work
■ Key workforce transition and possible challenges
■ Reskill and upskill of workforce
■ Discussion with the help of emerging and developing economies
■ Is the workforce ready?

AUTOMATION AND AI
■ Talent management is an important concern for strategic business leaders in an
organization which is worth 55% (approx.) of total marketing budget of an
organization (Acemoglu and Restrepo 2018). In this regard, AI and Intelligence
Automation has proved remarkable in transforming business processing and
workforce management.
■ Automation has build the right synergy in bridging the gap in between talent
and technology. Machine learning is the new trend of the present Globalized
world (Chui, Manyika and Miremadi 2015).
■ Automation is a task-driven imperative with a single purpose: to involve
machine in the repetitive tasks of the humans which they don’t want to do or
are important to them to perform (Chui, Manyika and Miremadi 2016).
Automation mixed with AI support increase efficiency of output, saves time and
support corrective decision-making.
■ Automation performs calculation, improves communication, runs machinery,
assembles products and supports value added services (David 2015).

ACCELERATING PROGRESS IN AUTOMATION:
OPPORTUNITY FOR BUSINESS, ECONOMY AND SOCIETY
■ Automation technology has improvised value creation in products and
services where companies are using automation holistically to
personalize recommendations of products, find out production
anomalies and identification of fraudulent transactions. As a result of
this value addition, economic growth have widened up manifold
(Dubin 2017).
■ The impact of automation (specially AI) has been a boon for medical
research to sciences of climate change. Societal challenges are
effectively solved by process automation through Intelligent
Automation (Frey et al. 2016).
■ Automation is the ‘Fourth Industrial Revolution’ which have
fundamentally altered all sectors of living be it work or social
environment. The entire systems of production, management and
governance have been transformed by the breakthrough of this
disruptive automation (Hajkowicz et al. 2016).