SPONSORED | Investec About 50% of all jobs that exist today could already be automated with existing technology. This raises a few questions about job security against the backdrop of the 4IR. Read more about the future of work. partnerwithInvestec
In a new world of gigs, unicorns and automation, change in the workplace is inevitable but it doesn't necessarily mean you will be out of a jobMass unemployment is just one of the myths associated with the future of work. Picture: SUPPLIED/INVESTEC Source: GETTYAbout 50% of all jobs that exist today could already be automated with existing technology.
"If you look at any 10-year period, in most economies, developed and developing, something like 10% of the occupations are ones that didn't exist in the previous 10-year period," says James Manyika, director of the McKinsey Global Institute, the firm’s business and economics research arm. "Some occupations decline, but many others actually grow and rise, and quite often, many that grow and rise are ones we could never imagine," says Manyika.
"You might think that in your industry you're safe; that there's no way that digital technology or exponential technology is going to disrupt you. But I'll tell you, people in food thought that, and people in taxis thought there's no way they'd be disrupted by cellphones; but of course, they have been. So, you might be too."
To make the whole company a hotbed of innovation, Kahn believes failure needs to be tolerated and hierarchy demolished. "We start thinking about capability, and capability becomes detached from an individual and it becomes a commodity that's moving around in a free-flowing environment. People cluster together in sensible ways and then uncluster and reconnect in various gigs to deliver a very agile value chain," explains Kahn.
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