Headline Verdana Bold. Future of Work Summit 11 th September, Aviva Stadium

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1 Headline Verdana Bold Future of Work Summit 11 th September, Aviva Stadium

2 Valarie Daunt Partner, Deloitte #fowsummit

3 Rate of change Technology is progressing exponentially Technology Individuals Businesses Public policy 1970s 1980s 1990s 2000s 2010s Today Source: Deloitte Human Capital Trends, 2017 Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 3

4 The augmented workforce Employees Joint Ventures Contractors Freelancers D I S R U P T E D Crowds Robots G r e a t e r n u m b e r o f t a l e n t o p t i o n s Source: Deloitte, 2017 Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 4

5 7 Disruptors Technology is Everywhere Career 100 year life Jobs Vulnerable to Automation AI, Cognitive Computing, Robotics Diversity/Generational Change Tsunami of Data Explosion in contingent work Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 5

6 7 New Realities Exponential organisations The unleashed workforce Lifelong learning Technology, talent and transformation Ethics of work and society The nimble enterprise Regulated Innovation Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 6

7 The future will impact more than just work 2 WHO? Workforce Increasingly contingent with networks of teams Current work options Future work options WHAT? Work Increasings augmented by new technologies driving productivity improvement 1 3 WHERE? Workplace Change to facilitate greater collaboration, team working and innovation Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 7

8 What should you do? Business Leader: Time for action and experimentation Individual: Time for lifelong learning and reinvention HR Leader: Ensure people drive the future not technology Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 8

9 The Six Waves of AI Hod Lipson Professor of Engineering and Data Science at Columbia University in New York For copy of slides contact

10 Key Takeaways AI is growing exponentially. It s accelerating and changing our lives and it is already everywhere. We see AI in every aspect of our lives, from predicting the weather, predicting what song you are going to listen to it s listening to you, it s talking to you Software is eating the world Marc Andreessen no matter what business you are in, you are in the software business. Today though, AI is eating software no matter what business you are in, you are in the AI business What is driving this technology? Cheaper, faster, better computers at an exponential rate The switch from expert system and rule based system to statistical machine learning Explosion and combination of data and machine learning algorithms Cloud means AI teaching other AI systems in a self-amplifying effect Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 10

11 Key Takeaways The 6 waves of AI: 1. Rule based AI 2. Wave of Predictive Analytics 3. Today we are in the 3 rd wave - AI can understand things that you can not tabulate in a spreadsheet i.e. audio, visuals, text. Machines can understand better than the average human because of the data it can consume and how it can perceives things differently. The next are speculated as the next waves of the future: 4. Wave of creative machines can create new things out of thin air, generate its own data 5. Physical embodiment 6. Wave of sentience AI is an amplifier used to amplify what we want to do. But we need to ensure it amplifies the right traits For copy of slides please contact Hod.Lipson@Columbia.edu Copyright 2018 Deloitte Development LLC. All rights reserved. Deloitte Future of Work 11

12 Headline Verdana Bold For more information contact Valarie Daunt, Partner E: