Magazine article Talent Development

Not a Matter of Man or Machine, but Man and Machine: The Future Will Rely on Both

Magazine article Talent Development

Not a Matter of Man or Machine, but Man and Machine: The Future Will Rely on Both

Article excerpt

In the past 20 years, the world of work has seen the Great Recession, an incredible spike in technology advancements, and increased globalization. With the recession behind us, but with the continued evolution of technology and globalization, what does the 20th PwC CEO Survey have to say about how business leaders are feeling about 2017? The research examined leaders globally, while also breaking out findings by country and region.

There's a seeming dichotomy today with people fearing that their jobs will be taken over by machines, while at the same time we hear that people are the most important resource for successful organizations. The PwC research affirmed the importance of technology and people: Of CEOs interviewed globally, the top priorities were innovation (23 percent), followed by human capital and digital and technology capabilities (tied at 15 percent).

Of U.S. CEOs, 54 percent said they believe their organizations would add to their head count in 2017, while 18 percent expected it to decrease. PwC estimates that 45 percent of work activities could currently be automated, for a savings at the global level of US$2 trillion.

The head count finding might be a result of business leaders in the United States saying that machines are unable to fill some of the critical skills they need. Ninety percent of U.S. CEOs said that problem solving is a very important skill, while 88 percent said the same about leadership. These are followed by adaptability, at 75 percent. …

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