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4th industrial revolution & the Future of Work

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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
NGA Human Resources confidential. All rights reserved. 2 What is a Revolution?
NGA Human Resources confidential. All rights reserved. 3 What were the first 3?
NGA Human Resources confidential. All rights reserved. 4 What is the Fourth Industrial Revolution?
NGA Human Resources confidential. All rights reserved. 5 Disruptive Forces 4th Industrial Revolution Technological Geopolitical Demographic Socio- Economic
NGA Human Resources confidential. All rights reserved. 6 The Future World of Work
NGA Human Resources confidential. All rights reserved. 7 The Most Common Question…
NGA Human Resources confidential. All rights reserved. 8 Likelihood of Automation… http://www.bbc.co.uk/news/technology-34066941
NGA Human Resources confidential. All rights reserved. 9 Likelihood of Automation… http://www.bbc.co.uk/news/technology-34066941
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
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
NGA Human Resources confidential. All rights reserved. 12 Opportunity or Threat?
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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4th industrial revolution & the Future of Work

  • 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. NGA Human Resources confidential. All rights reserved. 2 What is a Revolution?
  • 3. NGA Human Resources confidential. All rights reserved. 3 What were the first 3?
  • 4. NGA Human Resources confidential. All rights reserved. 4 What is the Fourth Industrial Revolution?
  • 5. NGA Human Resources confidential. All rights reserved. 5 Disruptive Forces 4th Industrial Revolution Technological Geopolitical Demographic Socio- Economic
  • 6. NGA Human Resources confidential. All rights reserved. 6 The Future World of Work
  • 7. NGA Human Resources confidential. All rights reserved. 7 The Most Common Question…
  • 8. NGA Human Resources confidential. All rights reserved. 8 Likelihood of Automation… http://www.bbc.co.uk/news/technology-34066941
  • 9. NGA Human Resources confidential. All rights reserved. 9 Likelihood of Automation… http://www.bbc.co.uk/news/technology-34066941
  • 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. 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. NGA Human Resources confidential. All rights reserved. 12 Opportunity or Threat?
  • 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