The current and potential impact of automation on our workplaces and jobs of the future is a hot topic right now. In fact, it’s highly likely you’ve read or heard about statistics explaining how machines are going to change human’s jobs forever.
At one point or another, we have all had questions about the gravity of the situation when it comes to automation. We have all wondered if we should really worry about machines taking over our jobs, which skills we should actually consider for the future, and how our workplaces are changing with every new trend in technology.
The echoes of these questions have become louder in the last few months. As the global economies succumb to COVID-19, new work models and ethics are beginning to define a ‘new normal’ which has accelerated the rate at which artificial intelligence and automation are approaching us.
Should you be scared? No! Should you do something about it? Certainly! What? Let’s find out.
When your employees are actively engaged in their Nanodegree programs, they are much more likely to complete the program, graduate on-time, and apply their newly-acquired skills to drive impactful business outcomes for your enterprise. Here are some ways your organization can empower your learners during their learning journeys:
Implementing Robotic Process Automation (RPA) in your organization may at first seem like a double-edged sword. While it offers the promise of cost savings and business growth, executives and employees are understandably concerned about the threat of job destruction. On the contrary, automating your employees’ mundane tasks through RPA can improve productivity and transform your workforce.
Automation is top-of-mind for executives who strive to streamline workflows and improve efficiency. In particular, businesses are increasingly turning to Robotic Process Automation (RPA) to eliminate tedious tasks and free employee time for higher-value work.
According to Forrester, RPA’s fast-growing market, while only valued at $250 million in $2016, is expected to grow to $2.9 billion in 2021. The faster your organization can leverage RPA’s potential, the faster it will gain a competitive edge.
Customers today are adopting technologies at an exceptional pace. For example, while the telephone took 75 years to reach 100 million users worldwide, Instagram took less than three years. In order to keep pace with ever-changing customer needs, organizations must center their innovation strategies around their products. They must create a culture of product-centered innovation by leveraging their most important resource — their employees.
Organizations often claim to encourage risk-taking, but are typically reluctant to greenlight experimental innovation efforts for fear of failure. What’s more, by the time an “experimental” project is set to launch, layers of management will have likely reviewed and approved the “risky” project in advance.
The issue is that there’s always going to be a natural failure rate when taking risks. Expecting 100% success only rewards safe bets. Not only is this approach stale and uninspired, but it also discourages employees from implementing new ideas that could lead to positive business outcomes.
While there is no silver bullet for building a culture of experimentation, one way executives can help spur innovation in their organizations is by practicing servant leadership.
While technological advancements offer organizations the promise of competitive advantage, they can also risk disruption to companies’ ultimate challenge of driving and sustaining growth. Business leaders understand that accelerating innovation and time-to-market is essential to stand out from competitors. Unfortunately, they are finding they lack the technologies and the right people to bring their innovation strategies to life.