Wednesday, 11 March 2020 02:40

Jobs at risk from automation, emerging technologies Featured

By

Australian workers are feeling the effects of emerging technologies across industries as jobs are augmented by technology - specifically automation - at an unprecedented rate, according to a new report.

The report from AI work analytics platform Faethm and the Australian Computer Society - the professional association for the ICT industry - says that 2.7 million Australian jobs are at risk from automation over the next 15 years, but more than twice as many roles could be created if the nation invests in its workforce.

Prepared by the ACS with AI work analytics platform Faethm, the report says that 1.4 million of the 5.6 million new jobs generated in the economy over the next 15 years will be directly tech related, leading to the ACS calling for a macro, cross policy approach to be adopted by government to ease the impact on the workforce and address any resulting skills shortages.

ACS CEO Andrew Johnson said: “This ACS commissioned research was undertaken by Harbour City Labs resident Faethm, a Software as a Service Artificial Intelligence platform delivering data, analytics and insights on the impact of emerging technologies. The research methodology looks at the technology adoption and s-curves across seventeen technology categories.

“In addition to occupations and skills requirement forecasts, we also wanted to explore the degree to which imbalances might exist between the adaptability and future-readiness of workers across industries.

“The outcomes tabled in our technology impacts on the Australian Workforce report provide deep insights for businesses to inform future workforce development plans, as well as for policy makers to maximise the participation rate of all citizens in the opportunities afforded by the Fourth Industrial Revolution.”

Johnson says Faethm’s predictions were based on Australian Census data with employment classifications mapped to the company’s job taxonomy of over 1,500 job families to enable like-for-like comparison of the nation’s workforce data.

Of the industries examined, Admin and Support Services has the highest automation rate, Information, Media and Telecommunications is the sector most augmentable by technology, while Health Care and Social Assistance is the industry with the highest job growth rate and Finance and Insurance Services has the highest proportion of new technology jobs.

The report called for a macro, cross-policy approach by governments to address impact on the workforce.

According to the report, globally, other nations’ investment in skills development and transition to date far outreaches Australia’s spending - with the report warning that in an environment in which GDP is slowing, the nation’s current and future economy is being further constrained by that underspending.

The report also found the impact of automation on men and women is not equal with 63,000 female financial sector women being forecast to be affected as opposed to 45,000 men. While 100,000 women in the profession, scientific and technical services sector stand to be impacted compared to 84,000 men.


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments