Friday, February 17, 2017

The Role Of Tech Leaders In Creating A More Inclusive Economy: Insights From Davos - JUST MEANS

by Lara Birkes
Originally published:  February 16, 2017
Publisher: JustMeans.com 

f you look back at the evolution of the human race, it could be argued that our greatest skill is the ability to create and develop breakthrough technologies that simplify everyday life and advance society. It’s this drive to innovate that continually brings us to the next great crossroads and inevitably changes life as we know it.

Buried underneath this constantly improving quality of life is a friction that exists between the incredible opportunities of technology and the societal discrepancies it has created. Sadly, education and skills training have not kept up with the fast pace of innovation, and we now see large swaths of the world’s populations left behind, with harsh divisions between the “haves and have nots.”

The 21st century has fostered an environment of exponential technological growth—and with it, disruptive change. In sync with Moore’s Law, which states that computer processing power will double every two years, we’ve gone from a world where advances in computerization and automation have given way to a convergence of technologies, with artificial intelligence (AI) becoming a standard strategic element for most large companies. The proliferation of AI will undoubtedly spur growth and opportunity for these companies, while creating uncertainty for the employees whose jobs could be displaced as a result.