Man vs Machine: The Importance of Human Capital

By: Linkedin

Feb 13, 2020

In this age of robotics and artificial intelligence (AI), workers may worry machines will take over their jobs. But by leveraging the very traits that make us human, we can ensure our continued relevance in the workplace of tomorrow.

THE GROWING TREND OF AUTOMATION AND DIGITALISATION

Automation and digitalisation are not new. With the first industrial revolution in the late 1700s, we saw the use of mechanical production, steam power, and railroads. The second revolution took place in the late 1800s with the advent of electricity and mass production. In the 1970s, the third revolution furthered automation through information technology (IT), electronics, and computers. We are in the midst of yet another wave of change, driven by cloud computing, AI, advanced digitalisation, and the Internet of Things. Our lives have already been transformed by technology. This affects all industries. Software and AIpowered technologies can retrieve information, handle inventories and logistics, prepare briefs, provide financial services, translate documents, audit statements, diagnose diseases, and even mix cocktails and prepare barista-quality coffee. Computers offer a 24/7 service – processing vast amounts of data faster, more reliably, and more objectively. Going forward, the next generation of robotics and automation will be even more transformative.