This is the presentation I made for my maiden speech as Professor at Newcastle University. In it I speak of In the decades ahead, the next wave of automation technologies will further accelerate the pace of change Tens of millions of jobs will be phased out Tens of millions of new ones will be created, and the nature of work will change for everyone as intelligent machines become fixtures in our workplaces. Around the world, learners still place a great deal of faith in education to help them achieve success. But, the way they are obtaining that education is changing because the new talent economy has arrived with its gig jobs, unconventional career paths and tech disruption. The old model of front-loading education early in life needs to give way to lifelong learning. Training and education can no longer end when workers are in their twenties and carry them through the decades “Competitive advantage doesn’t go to communities that focus on creating companies, it goes to those that focus on scaling companies.” Regional Economic Growth doesn’t come from universities that focus on startup, small or large companies, it comes from universities that focus on scaling companies “Competitive advantage doesn’t go to universities that focus on themselves, it goes to those that focus on scaling companies.” expand access to mid-career adults with short courses, soft skill training and stackable credentials Ensure their students get internships and work experience (with scaleups) every year Universities seeking to boost the economic growth of their community will Develop their student’s soft skills by encouraging and facilitating them to mentor younger students in surrounding local schools

1. The Future of
Work & Leading
Sherry Coutu CBE
David Goldman Visiting Professor of Innovation and Enterprise 2020

2. Sherry Coutu
Entrepreneurship
1986
Came to the UK to
attend the London
School of Economics
1987
Became a Computer
Programmer
1991
Studied Business at
Harvard
1994
Joined my first
‘Start-up’
1995
Founded second
Start-up
1997
First ‘Start-up’
sold
2000
Floated second
Start-up
<2000

3. Entrepreneurship
Human
Capital
> 2000
Markets
Policy
Finance
Culture
Supports
Tech City UK Advisory Board
Innovation Launch Pad
Trustee of Nesta
Angel Investor
(65 companies & counting)
Investor in Venture Capital
Funds (5 & counting)
Board of Raspberry Pi
Founder of Founders4schools
Founder of SVC2UK
Founder of Scaleup Institute
Lecturer at London Business School
Cambridge University Press
Cambridge Assessment
Cambridge University Finance Committee
Board of London Stock Exchange
Advisor to Linkedin and Care.com
Board of Zoopla
Ambassador for London
Sherry Coutu
Board of DCMS
Advisory Board of National Gallery
Co-founder of Workfinder
NED at Pearson plc

5. The pace of technology adoption is accelerating…
Number of years it took for each product to gain 50 million users
Airlines
68yrs
Automobiles
62yrs
Telephone
50yrs
Electricity
46yrs
Credit Card
28yrs
Television
22yrs
ATM
18yrs
Computer
14yrs
Cell Phone
12yrs
Internet
7yrs
iPods
4yrs
Youtube
4yrs
Facebook
3yrs
Twitter
3yrs
Pokémon Go
19 days

7. Time
Mainframe
1960-1976
Minicomputer
1976-1992
Distributed PC
1992-2001
Internet PC
2002-2012
SMAC Stack
2012-?
Business Productivity

8. Time
Mainframe
1960-1976
Minicomputer
1976-1992
Distributed PC
1992-2001
Internet PC
2002-2012
SMAC Stack
2012-?
Consumer Productivity

9. In the decades ahead, the next wave of
automation technologies will further
accelerate the pace of change
Tens of millions of jobs will be phased out
Tens of millions of new ones will be created, and the nature
of work will change for everyone as intelligent machines
become fixtures in our workplaces.

10. McKinsey: Future of Work 2019
“Automation may
eliminate many of the
entry-level roles that have
traditionally given young
workers their first foothold
in the working world…”

11. “Workers with
high school
diplomas or less
are 4 times more
likely to be in
automatable
roles than those
with bachelor
degrees or higher”

12. Total hours
worked in Europe
and United States,
2016 vs 2030
estimate, billion

13. In the decade
ahead, health
and STEM
occupations
could post rapid
growth
2017-30 employment growth in midpoint automation scenario, % of 2017 employment
Health Professionals
STEM Professionals
Health aides, Technicians and Wellness
Creatives and Arts Management
Business/Legal Professionals
Managers
Education and Workforce Training
Customer Service and Sales
Property Maintenance and Agriculture
Builders
Transportation Services
48
37
30
21
20
18
18
10
9
6
3
McKinsey: Future of Work 2019

14. In the decade
ahead, office
support, food
service, and
manufacturing
production jobs
will decline
Mechanical Installation and Repair
Community Services
Production Work and Machine Operations
Food Service
Office Support
-3
-4
-5
-5
-11
McKinsey: Future of Work 2019

15. Net New Jobs created in Europe in the past 5 years
were from companies less than 5 years old.
100%

16. 4,500
In the UK, HGSBs created the equivalent of approx.
(3x as many new jobs as the FTSE 100)
new jobs every week

17. I would be able to grow my company
faster if university graduates had the skills
needed to meet my customer demand.
82%of Scaleups agree
Source: ScaleUp Institute

18. 990,000
There are a large number of 'Open Positions'
Source: Adzuna

19. The skills gap is set to get larger...
In past 3 years, there has been a breath-taking…
8,369% increase
of Data Scientists and Advanced Analysts who work with Apache Kafka (amongst others)
Source: Royal Society

20. Around the world, learners still place
a great deal of faith in education
to help them achieve success.
But, the way they are obtaining that education is
changing because the new talent economy has
arrived with its gig jobs, unconventional career paths
and tech disruption.

22. European companies expect to resolve skills mismatch by
retaining and retraining workers, while hiring is an equally
popular solution among US companies.
Best way for company to resolve potential skills mismatch, % of respondents
United States
Europe
Mainly by hiring
Equal mixture of hiring
and retaining Mainly by retraining
Only by
retraining
Only by
hiring
5 30 35 27 4
7 49 45
McKinsey: Future of Work 2019

25. World Economic Forum

26. GO.PEARSON.COM/LEARNER-SURVEY

27. Work Experience vs Degrees?
80%
of WISE* experts say they
would hire a B- student
with a relevant internship,
over an A+ student without a
relevant internship!
Source: WISE - Qatar Foundation wise-qatar.org

29. GO.PEARSON.COM/LEARNER-SURVEY

30. 67%
of WISE* experts says that
job related knowledge is
more important than a
degree to succeed in life!
Internships vs Grades
Source: WISE - Qatar Foundation wise-qatar.org

32. GO.PEARSON.COM/LEARNER-SURVEY

33. GO.PEARSON.COM/LEARNER-SURVEY

34. GO.PEARSON.COM/LEARNER-SURVEY

35. GO.PEARSON.COM/LEARNER-SURVEY

36. 31%Of young people starting their
working lives do not feel they
have the appropriate skills, citing
lack of work experience (71%)
as being their main weakness
Source: WISE - Qatar Foundation wise-qatar.org

37. GO.PEARSON.COM/LEARNER-SURVEY

38. Micro and stackable credentials for adults and on-
demand learning can help
meet the needs of today’s sophisticated learner

39. The old model of front-loading
education early in life needs to
give way to lifelong learning.
McKinsey: Future of Work 2019
Training and education can no longer end
when workers are in their twenties and carry
them through the decades

40. 65%
of businesses are willing to play
a greater role in supporting
schools and/or colleges
48%of these cite significant
barriers including
inadequate guidance on how
to make work experience
and other encounters
worthwhile for young people
47%of these cite difficult, time-
consuming processes
involved around for
example health and safety
and DBS checks
CBI & Pearson, Education and Skills Annual Report (2018) Educating for the Modern World
http://www.cbi.org.uk/insight-and-analysis/educating-for-the-modern-world/

41. Expert Advice Teacher Learning &
Development
Community Recognition
& Benchmarking
Our recommendations to educators
ensure progression through the
Gatsby Benchmarks and Skills Builder
Framework and supply of volunteers
from business leaders drawn from
Britain’s fastest growing businesses
driving the economic growth of your
region
Join our free online course for
educators on how and when to use
recognized career guidance digital
tools in the modern age:
Which service is best for 11-14 yr olds?
15-16 yr olds ? 17-18 year olds?
Our insight reporting recognizes the
contributions made by volunteers in
your community
Our insight reporting allows you to see
how your city benchmarks to other’s
and where you need to focus attention

42. Reporting integrationCandidate Advice Host Learning & Development
Where recommendations to students
guide them to scaleups and help
them avoid employers where
environment is not rated highly by
other interns…
Employers know their staff are
supported with project plans,
certificates, contracts and everything
else they need to deliver projects that
are appropriate for students to
deliver..
Vice Chancellors know what
percentage of their students have
work experience in every year with
companies that are driving the
economic growth of the region…

43. Discover our free face-
to-face professional
development programme
that supports educators
Teachers & Educators
Picademy
Subscribe to the free
computing and digital
making magazine for
educators
Hello World
Join one of our free online training
courses and discover a new way to
learn about computing and digital
making
Learn Online
Free Online Courses
Volunteer-Led Clubs

44. “Competitive advantage doesn’t go to
the nations that focus on creating
companies,
it goes to those that focus on scaling
companies.”
Leading…

45. “Competitive advantage doesn’t go to
communities that focus on creating
companies,
it goes to those that focus on scaling
companies.”
Leading…

46. 10%Increase in the number of
universities increases a
region’s income by
0.4%With additional effects splling over
to other regions within the same
country
Anna Valero, John Van Reenen 10 November 2016
https://voxeu.org/article/how-universities-boost-economic-growth

47. Regional Economic Growth doesn’t
come from universities that focus on
startup, small or large
companies,
it comes from universities that focus on
scaling companies
Leading…

48. “Competitive advantage doesn’t go to
universities that focus on themselves,
it goes to those that focus on scaling
companies.”
Leading…

49. Regional Economic Growth comes
from universities that focus on
removing well-known barriers that
hamper scaling companies
Leading…

50. Regional Economic Growth
doesn’t come from universities
that focus on startup, small
or large companies,
it comes from universities that
focus on scaling companies

51. GO.PEARSON.COM/LEARNER-SURVEY

52. GO.PEARSON.COM/LEARNER-SURVEY

53. Universities seeking to boost the economic growth of their community will
• expand access to mid-career adults with short courses, soft skill training and stackable
credentials
• Ensure their students get internships and work experience (with scaleups) every year
• Develop their student’s soft skills by encouraging and facilitating them to mentor younger
students in surrounding local schools

54. Sherry Coutu CBE
Please feel free to get in touch @scoutu
The Future of
Work & Leading
David Goldman Visiting Professor of Innovation and Enterprise 2020