Those Davos delegates who paused long enough between opining, pressing the flesh and experiencing “a day in the life of a refugee” at this year’s World Economic Forum may have sensed the world tilting ever so slightly on its axis.

Read the full article at: www.telegraph.co.uk

Regardless of where you fall on the political spectrum, as a business leader you should be keeping your eyes on the dialog about the impacts of artificial intelligence on the job market.  It was one of the burning topics at the 2017 World Economic Forum in Davos, Switzerland

“Many of the world’s current and future problems identified by the event’s agenda had their roots in the rapid pace of technological change,” the authors offer. “One of the most oft-quoted statistics at Davos was that roughly four out of every five job losses in the US has been the result of technological advances (according to research by Ball State University among others).”

Of course, opinions differ.

“United States Secretary of State, John Kerry said the politicians who are stoking a populist backlash against globalisation have identified the wrong cause for many of the anxieties building among their electorates: ‘Trade is not to blame for job losses.’ The real problem, according to Kerry, is automation.”

” ‘Artificial intelligence is about the augmentation of people not the replacement of people,’ said Ginni Rometty, the chief executive of IBM – repeatedly.”

“Meg Whitman, boss of Hewlett Packard Enterprises, was quick to blame technological change. ‘Technology has changed everything,’ she said. ‘It can be a huge force for good in areas such as climate change, agriculture, food, and medicine but it has also meant changes for jobs. We need to manage technological change better.’ ”

Discussions about job loss / creation, globalism / protectionism, health services and education are more and more interlaced and interconnected with discussions of how to prepare for and manage the impacts of rapid technological advancement.  There is little agreement on outcomes or solutions, but there is no lack of concern or opinion.

Contact us and we can help you better understand the issues and opportunities surrounding the fast pace of technology change.