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4th industrial revolution & the Future of Work

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4th industrial revolution & the Future of Work

  1. 1. NGA Human Resources confidential. All rights reserved. The 4th Industrial Revolution What HR and Payroll Professionals Need To Know” Ian Dowd NGA Human Resources www.ngahr.com 1
  2. 2. NGA Human Resources confidential. All rights reserved. 2 What is a Revolution?
  3. 3. NGA Human Resources confidential. All rights reserved. 3 What were the first 3?
  4. 4. NGA Human Resources confidential. All rights reserved. 4 What is the Fourth Industrial Revolution?
  5. 5. NGA Human Resources confidential. All rights reserved. 5 Disruptive Forces 4th Industrial Revolution Technological Geopolitical Demographic Socio- Economic
  6. 6. NGA Human Resources confidential. All rights reserved. 6 The Future World of Work
  7. 7. NGA Human Resources confidential. All rights reserved. 7 The Most Common Question…
  8. 8. NGA Human Resources confidential. All rights reserved. 8 Likelihood of Automation… http://www.bbc.co.uk/news/technology-34066941
  9. 9. NGA Human Resources confidential. All rights reserved. 9 Likelihood of Automation… http://www.bbc.co.uk/news/technology-34066941
  10. 10. NGA Human Resources confidential. All rights reserved. 10 Impact Timeline Impact felt already • Rising geopolitical volatility • Mobile internet and cloud • Processing Power Sharing economy Middle class in emerging markets • Young demographics in emerging markets Rapid urbanization Changing nature of work – flexibility • Climate change – natural resources Up to 2017 • New energy supplies and technologies • The internet of Things • Advanced Manufacturing and 3D printing Longevity And aging societies New consumer ethics, privacy issues • Women’s economic power, aspirations 2018 – 2020 • Robotics, automation transport • Artificial Intelligence • Advanced materials, biotechnology Source: World Economic Forum
  11. 11. NGA Human Resources confidential. All rights reserved. What HR and Payroll Professionals Need to Know • Need a detailed understanding of organisation’s business model • Understand how will that change through 2020 – disruptive forces and impact • Understand how to make a meaningful and strategic contribution 11
  12. 12. NGA Human Resources confidential. All rights reserved. 12 Opportunity or Threat?
  13. 13. NGA Human Resources confidential. All rights reserved. Summary • The 4th Industrial Revolution has begun • It will effect you • Disruptive effects will continue, accelerate and multiply • There is a key role for HR in managing the transition • Requires strategic focus • The changes are an opportunity if managed appropriately - Not a binary choice of opt in or out 13

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