4th industrial revolution & the future of work
TRANSCRIPT
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The 4th Industrial Revolution What HR and Payroll Professionals Need To Know”
Ian Dowd NGA Human Resourceswww.ngahr.com
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What is a Revolution?
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What were the first 3?
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What is the Fourth Industrial Revolution?
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Disruptive Forces
4th Industrial
Revolution
Technological
Geopolitical
Demographic
Socio-Economic
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The Future World of Work
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The Most Common Question…
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Likelihood of Automation…http://www.bbc.co.uk/news/technology-34066941
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Likelihood of Automation…http://www.bbc.co.uk/news/technology-34066941
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Impact Timeline
Impact felt already
• Rising geopolitical volatility
• Mobile internet and cloud
• Processing Power
Sharing economy
Middle class in emerging markets
• Young demographics in emerging markets
Rapid urbanization
Changing nature of work – flexibility
• Climate change – natural resources
Up to 2017
• New energy supplies and technologies
• The internet of Things
• Advanced Manufacturing and 3D printing
Longevity And aging societies
New consumer ethics, privacy issues
• Women’s economic power, aspirations
2018 – 2020
• Robotics, automation transport
• Artificial Intelligence
• Advanced materials, biotechnology
Source: World Economic Forum
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What HR and Payroll Professionals Need to Know • Need a detailed understanding of organisation’s business model
• Understand how will that change through 2020 – disruptive forces and impact
• Understand how to make a meaningful and strategic contribution
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Opportunity or Threat?
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Summary
• The 4th Industrial Revolution has begun
• It will effect you
• Disruptive effects will continue, accelerate and multiply
• There is a key role for HR in managing the transition
• Requires strategic focus
• The changes are an opportunity if managed appropriately- Not a binary choice of opt in or out
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