How Technology and Innovation are Impacting Education and ... · BDD Academy aims to develop the...
Transcript of How Technology and Innovation are Impacting Education and ... · BDD Academy aims to develop the...
How Technology and Innovation are Impacting Education and the Job Market
Note: Resource Extraction includes mining, agriculture and utilitiesSource: Mckinsey&Company
IN FACT, 60% OF ALL OCCUPATIONS HAVE AT LEAST 30% OF THEIR ACTIVITITIES THAT ARE AUTOMATABLE BASED ON CURRENT TECHNOLOGIES
30%
31%
35%
36%
37%
40%
42%
47%
49%
51%
63%
75%
Manufacturing
Administrative and Government
Educational Services
Healthcare and Social Assistance
Finance and Insurance
Services - Professional and Other
Retail, Trade and Transportation
Arts, Entertainment and Recreation
Construction
Technology, Media and Telecom
Resource Extraction
Accommodation and Food Services
Sector% of Time spent on Activities
that can be automated
Automation Potential by Sector Almost every occupation has a partial automation potential
Could affect 50% of the world economy, or 1.2bn employees,
equivalent to USD 15 trillion in wages
It’s not just low skill, low wage occupations
In the US, these activities make up 51% of activities in the economy
($2.7 trillion in wages)
60% have at least 30% of activities that are automatable
HOWEVER, WHILE TECHNOLOGIES ARE REPLACING SOME JOBS, THEY ARE CREATING NEW WAYS TO GENERATE JOBS
AI analyzes and interprets data faster than humans
Insurance Underwriters & Claims Reps
Robotic bricklayers will replace 2-3 workers each;
A SAM (Semi-Automated Mason) lays 1,200 bricks a day vs. 300-500 that a human can do
Source: Mckinsey&Company
Jobs already being Replaced New Opportunities being Created
Higher productivity and increased efficiencies allowing employees to spend more time on creativity and thinking
Creation of new jobs in IT development, hardware, app creation, etc. In Paris alone, the internet has created 1.2mn new jobs in the past 15 years
Growing role of big data creating an increased need for statisticians and data analysists; a shortfall of 250K data scientists is estimated in the US in the next 10 years
Human centered jobs such as therapists, social workers, teachers, etc. are becoming more appreciated
New forms of entrepreneurial activity accessible to the less-skilled through digital platforms and others
Change in how job-matching sites such as LinkedIn and Monster identify and recruit talent
Financial Analysts
Construction Workers
30% of banking jobs are being lost to AI;
AI is replacing teller jobs at a fraction of the cost
EDUCATION SYSTEMS SHOULD ADAPT TO THE CHANGING NEEDS OF THE JOB MARKET
CREATIVTY
CRITICAL THINKING SKILLS
STEAMEngineering
Science
Technology
Arts
Mathematics
LIFELONGLEARNING CULTURE
BDD Academy aims to develop the skillset of people from all
backgrounds to fulfill the digital jobs of today and tomorrow. It
supports the new generation of educational programs in testing
and developing their curriculum, sourcing participants,
fundraising and scaling.
BDD Academy is an incubator of educational programs.
At BDD, we launched the BDD Academy
… at the intersection of Technology, Design and Leadership
Design
TechnologyLeadership
Our incubated programs target kids, youth and continuous learners
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THANK YOU!
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