17 Sep How is Technology Changing How you Earn a Living?
For decades we have been told of how technology and computers will take over. It has been prophesized that robots will run all the factories and computers will wipe out the traditional ‘white collar’ jobs. While a number of industries have been heavily affected by the advent of new technology and automation, it has been significantly less than predicted all those decades back. What’s more, lots of new industries have emerged and absorbed the labour force, so no need to start planning for an early retirement just yet. Or is there…
Here is a couple of things happening right now:
Numerous companies are investing heavily in driverless technology for motor vehicles; Ford, Tesla, Uber, GM, Google and many many more. Driverless cars and trucks can run nearly 24 hours a day, seven days a week and have lower accident rates than us humans. If you operated a business reliant upon drivers, how tempting would it be to opt for a cheaper, better, more reliable workforce that can work around the clock – thereby replacing most of your employees? In USA, there is an estimated 4 million people who work as drivers… Read more about this here.
You can now get a robot to run your vege garden for you. One robot can grow enough food to feed one person for a year. Planting, weeding, watering, it does the whole lot. Check it out here. There is various other technology for industrial scale. A few years back, you probably wouldn’t have thought that farming was at the cutting edge of technology, but now it is.
Similar change is facing numerous industries. The pace of this change seems glacially slow until it arrives. Over the next 5 years, how might some of these innovations affect your business? As John F Kennedy said, “Change is the law of life. And those who look only to the past or present are certain to miss the future.”
