If you regularly follow some of my futurist musings you can probably tell that one of the areas that fascinates me the most is how technologies such as Artificial Intelligence, the Internet of Things, Virtual Reality and Robotics will shape the future of work. In this post I'll give you an example of 5 white collar jobs that are at risk of being computerised in the near future.
As you'd know, we are approaching a technological paradigm shift which is fuelled by exponential advancements in artificial intelligence, robotics, 3D printing, biotechnology and the Internet of Things.
Experts and scientists predict that digitisation and the exponential pace of change will fundamentally change the labour force. Not only jobs such as truck and taxi drivers are at risk of being displaced by technology, but also white collar jobs such as Finance Managers, Public Relations Professionals and Human Resource Mangers to mention a few.
Similarly to other western countries and developed economies Australia has moved from a production based economy to a service dominated one. This shift is according to a NSW Parliamentary Research Service's 2015 report due to the digitisation and computerisation that has led to the automation of blue collar jobs, but now there is also a risk that roles like Finance Managers, Public Relations Professionals, Human Resource Managers and Engineering Managers will loose their jobs too. In the table you can see that there is a 23,6% probability that Finance Mangers' jobs will be computerised and a 15% risk that Public Relations Professionals' jobs will be computerised.
These fundamental shifts raise a lot of concerns and issues, but it also creates opportunities for businesses and entrepreneurs that manage to decode these trends and are agile enough to adapt and profit in this new environment. For example, we have during the last 3 years seen a tremendous growth of different robo-advisory platforms such as Acorns, Fiver a Day, Future Advisor, Betterment and Wealth Horizon. The common denominator for these platforms is that they all have a genuine mission of seamlessly enabling people to make smart decisions about their personal finances.
Watch my interview on The Morning Show where I discuss this in more detail.
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