Don’t say you were not forewarned about disruptive technology

Miguel Chateloin (L) and Lazaro Gamio (R) use their computers to write code that would allow people living in Cuba to use email to post to blogs during the Hackathon for Cuba event on Febr. 1, 2014 in Miami.
Joe Raedle—Getty Images
This Will Be the Most Disruptive Technology Over the Next 5 Years
By TIM BAJARIN
January 12, 2015
Robotics, self-driving cars, drones, sensors, wearables and so on are just a handful of the technologies that could change our world over the next five years. But Ben Bajarin, partner at Creative Strategies and Tech.pinions co-founder, believes it will be an older innovation that will be the most disruptive over the next half-decade: The Internet. Speaking on a panel at the 2015 Consumer Electronics Show in Las Vegas, Nevada last week, Bajarin said that more people will come online for the first time over the next five to 10 years than ever before will have disruptive global implications.
Bajarin pointed out, for example, that while the Arab Spring was clearly an important event, it could just be a precursor to more technology-enabled social change if people in repressed countries get more access to information via the Internet. And Internet-connected smartphones could help people conduct commerce and run their businesses, potentially increasing their earning ability … for more, go to http://time.com/3663909/technology-disruptive-impact/

Don’t say you were not forewarned about disruptive technology

The Bloomberg report titled “Robots may affect 30% of UK jobs, finance to take early hit” is an eyeopener and forewarning of disruptive technology.


The report posted by The Star Online is a global “phenomena” that will strike every country, including Malaysia.

“It’s only a matter of time for Malaysians and Malaysia to feel the heat when new technologies are widely embraced and changes consumption, jobs and lifestyle,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

“If the 30% is a universal average, can you imagine the impact on employment or unemployment rate in Malaysia? It just adds to the national problem.

“That is why the federal government and its relevant authorities, like the Human Resources Ministry, their policymakers and think tanks must look into disruptive technology seriously so as to be prepared and soften the impact,” he added.


HONG KONG - JULY 30: People play virtual reality parachuting game at the annual Ani-Com show in on July 30, 2016 in Hong Kong, Hong Kong. (Photo by Lam Yik Fei/Getty Images)
JUL 30, 2016 @ 12:59 PM 1,828 2 Free Issues of Forbes
How To Embrace Disruptive Technologies And Succeed


Martin Zwilling, CONTRIBUTOR
I provide pragmatic advice and services to entrepreneurs and startups.
Opinions expressed by Forbes Contributors are their own.
All too often as a startup investor, I hear the term “disruptive technology” from an entrepreneur, played like a trump card that should override any other potential business qualms. In fact, most investors avoid disruptive technologies as extremely risky, with long waits for a payback. They can point to the many examplesof innovative technologies that have failed in the marketplace. Even the best investors, when they hear the words disruptive technology, always look harder and deeper at all the other elements of the business model. While struggling to net out what they are looking for, I found help in a new book, “Wicked Strategies,” by John C. Camillus, who has studied this challenge for years at Harvard and with several Fortune 500 companies … for more, go to https://www.forbes.com/sites/martinzwilling/2016/07/30/how-to-embrace-disruptive-technologies-and-succeed/#17bcbe0c4070


Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Election (GE14), said the authorities must innovate with new and disruptive technologies to create new job skills, services and products.

He urged all relevant authorities in the fields of human resources, education, science and technology to brainstorm together to come up with measures, programmes and preemptive action to reduce the negative impact of new technologies.

“We cannot sit, wait and do nothing about disruptive technology and come up with only knee-jerk reactions when the impacts hit us hard,” he added.

The following is the Bloomberg report as posted by The Star Online:

"Robots may affect 30% of UK jobs, finance to take early hit

TECH NEWS
Tuesday, 6 Feb 2018
2:00 PM MYT
by lucy meakin
 


PwC found more women will initially be affected, with men more likely to feel the effects in the third wave by the mid-2030s due to the current gender profiles of employment in different sectors. — Reuters
Financial services workers will be among the first to be hit by the rise of automation while women will feel the effects earlier than men, according to research by PricewaterhouseCoopers. 

The report – which analysed more than 200,000 jobs across 29 countries – anticipates three stages of automation between now and the mid-2030s, which will eventually impact almost one third of UK workers. The first, the algorithm wave, is already underway. 

PwC found more women will initially be affected, with men more likely to feel the effects in the third wave by the mid-2030s due to the current gender profiles of employment in different sectors. Higher educated workers – particularly in clerical and analytical roles – may take a bigger hit early on, but the less qualified will be particularly exposed in the long run. 

While that means workers may need support to learn fresh skills and find new employment, PwC chief economist John Hawksworth said that, overall, the change will be positive for the British economy.

“We don’t believe that automation will lead to mass technological unemployment by the 2030s, any more than it has done in the decades since the digital revolution began. In the long run, AI, robotics and related technologies should not only make a significant contribution to UK GDP of up to 10%, but should also generate enough new jobs to broadly offset the potential job losses. — Bloomberg
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N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

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