Data science and digital coding could soon be the new English

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Data science and digital coding could soon be the new English

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  • The Future of Jobs: The latest World Economic Forum report throws light on how jobs and work will change in coming years. It speaks about AI and robots impacting human jobs.
  • Covid pandemic: Earlier WEF reports would talk of impact of technology, but then came the Covid pandemic. That layer is now an additional one, over the technological impact on work. Covid will not just blow away, it will leave a lasting imprint on jobs.
  • Mega disruptions: Many major changes are arriving, and Covid is the first. 
    1. Nassim Taleb clearly said the pandemic wasn't a black swan event at all, as it was entirely predictable (though disruptive)
    2. The real black swans were the ensuing lockdowns, worldwide (hugely unpredictable and disruptive)
    3. After a few years, the pandemic may die, but climate change and wars are going nowhere
  • Double disruption: The WEF report says that automation, coupled with Covid, is a double-disruption for workers. Many businesses will reduce their workforce due to technology integration, many will use contractors for specialised work, and some will expand their workforce. By 2025, total time spent on current tasks by humans and robots will be the same. (In 2020, it was 2/3 : 1/3).
  • Other indicators: WEF says that job creation is slowing, while job destruction is speeding up. In this new division of labour between men and machines, 85 m jobs will be displaced, but 97 m new roles will emerge (with a division of labour between humans, machines and algorithms). A narrow edge for humans.
  • Covid paradox: The pandemic slowed down the world, and accelerated technological change. The already existing trend of moving towards cloud computing, big data and e-commerce was rapidly accelerated.
  • What are the jobs of the future: An acclaimed AI practitioner Kai Fu Lee has gien a matrix to evaluate. 
    1. One axis has optimization-to-strategy, and the other has no-compassion-to-full compassion
    2. The first jobs to die will be high optimization and low compassions ones (telesales, customer support and dish-washing)
    3. High compassion jobs will be the last to go (teachers, CEOs, M&A experts)
    4. Always to stay jobs will be those needed communication skills, empathy, compassion, trust, creativity and reasoning
  • A list of jobs: The WEF has created a list of jobs that won't die down easily. Some are: data scientists, AI and ML specialists, digital transformation experts, medical care, teaching and so on. Many jobs like data entry, administration, door-to-door sales vanish.
  • Summary: The jobs that help humans to manage technology, will dominate. In India, English always dominated the access to jobs. Soon, data science and digital coding will the new English.
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