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LOOKING INTO 2021 AND BEYOND The economic backdrop for the coming years is one of muted growth, with heavy government intervention. Companies will continue to face challenges in productivity, well past the COVID years. The return to productivity will not only become a tactical response to a pandemic situation, but will transform into long-term structural improvements to business operations and the workforce as a means of delivering value. Senior HR leaders and people managers need to respond the challenges of a new workforce shape by: - Mapping their teams and organisations’ jobs into tasks, and measuring productivity differently for different tasks. - Quantifying the impact of remotability on different jobs, and the possibility of augmenting non-remotable tasks with new technologies. - Restructuring and planning for those tasks that are not remotable and require on-site presence.
Alongside the World Economic Forum, Faethm is at the forefront of shaping a sustainable and inclusive future with the use of technology for society In June 2018, Faethm became the first Australian company to be invited to join the World Economic’s Forum (WEF) Centre for the Fourth Industrial Revolution. The startup, launched in October 2017, is the second company in Asia and the 16th company globally to be invited. Head of AI at the Centre, Kay Firth-Butterfield says, “The Centre is focused on closing the gap between emerging technology and policy and we are excited that Faethm has joined our community to tackle this goal. Faethm’s work will help us see the impact of technology on jobs and co-create policy to address these changes for the benefit of humanity.”
A recent research study by Australian data science firm Faethm has identified 32 future-of-work capabilities, including 13 digital and data literacies that can be targeted by employees, businesses and governments in L&D programs. Faethm’s Chief Data Scientist, Dr Richard George, said: “The rapid growth of emerging technology is quickly changing the nature of work. As firms automate and augment work-tasks, employees need to continually upskill to remain relevant and stay employed. Using Faethm’s machine learning IP, we simulated the impact of emerging technology on work and identified the capabilities that will be important and necessary for all employees in the future.” Despite what the media may tell you, the future of work is not the end of jobs, it is a rapid at-scale transition to new types of work.
A recent research study by Australian data science firm Faethm has identified 32 future-of-work capabilities, including 13 digital and data literacies that can be targeted by employees, businesses and governments in L&D programs. Faethm’s Chief Data Scientist, Dr Richard George, said: “The rapid growth of emerging technology is quickly changing the nature of work. As firms automate and augment work-tasks, employees need to continually upskill to remain relevant and stay employed. Using Faethm’s machine learning IP, we simulated the impact of emerging technology on work and identified the capabilities that will be important and necessary for all employees in the future.” Despite what the media may tell you, the future of work is not the end of jobs, it is a rapid at-scale transition to new types of work
