Hubspot vs Marketo: Marketing Automation Comparison
Dec. 21, 2016.The first job that Sherry Johnson, 56, lost to automation was at the local newspaper in Marietta, Ga., where she fed paper into the printing machines and laid out pages. Economists say the bigger threat to their jobs has been something else: automation. Globalization is clearly responsible for some of the job losses, particularly trade with China during the 2000s, which led to the rapid loss of 2 million to 2.4 million net jobs, according to research by economists including Daron Acemoglu and David Autor of M.I.T.People who work in parts of the country most affected by imports generally have greater unemployment and reduced income for the rest of their lives, Mr. Autor found in a paper published in January. Still, over time, automation has had a far bigger effect than globalization, and would have eventually eliminated those jobs anyway, he said in an interview.
Its effect remained strong even after controlling for management practices; job losses in the Midwest; international trade; and unionization rates, found the authors of the study, Allan Collard-Wexler of Duke and Jan De Loecker of Princeton. Another analysis, from Ball State University, attributed roughly 13 percent of manufacturing job losses to trade and the rest to enhanced productivity because of automation. Over time, automation has generally had a happy ending: As it has displaced jobs, it has created new ones. Even as the economy has improved, jobs and wages for a large segment of workers – particularly men without college degrees doing manual labor – have not recovered. Dennis Kriebel’s last job was as a supervisor at an aluminum extrusion factory, where he had spent a decade punching out parts for cars and tractors.
Many of the new jobs at factories require technical skills, but he doesn’t own a computer and doesn’t want to. Labor economists say there are ways to ease the transition for workers whose jobs have been displaced by robots. The White House on Tuesday released a report on automation and the economy that called for better education from early childhood through adult job transitions and for updating the social safety net with tools like wage insurance.
PwC BrandVoice: The Race to Automation: How Data Is Transforming Reporting And Compliance
Whether tackling financial compliance requirements or managing a global tax function, many firms are struggling to keep up. In response to that obstacle, PwC has created a suite of services designed to be a holistic approach to data management, analytics and reporting functions. The platform, dubbed Managed Services, has evolved to specifically address challenges within finance and tax, according to Doug Thomas, who leads the firm’s Managed Services platform. Managed Services providers are able to continually invest in leading technologies because these finance and tax functions are the core strategic focus of these providers-not a support function. Expanding beyond the tax function with the rollout of its new Automated Managed Services solution within its Managed Services platform, PwC leverages its investment in technology to automate a large part of the U.S.
GAAP financial, tax and statutory reporting filing requirements while providing value-added analytics. Similar to PwC’s other Managed Services solutions, the technology is backed by a global team of tax and accounting specialists. Automated Managed Services can deliver turnkey processes for standardizing the capture, quality and security of essential financial data. In practice, PwC’s new Automated Managed Services solution can entail augmenting existing technology with small automation or using a pre-built, end-to-end technology platform. The advantages of a Managed Services provider’s toolbox also extend to regulatory and compliance issues.
In terms of data management, the best model is to capture data once, and then reuse that same data across all business needs-be it reporting, analysis or compliance, according to PwC. By migrating to a Managed Services model, businesses are migrating toward a more highly standardized, data-first approach. The Managed Services model recognizes this, giving companies access to talent, tools and insights that would be too expensive and risky for a single company to invest in. Learn more about PwC’s new Automated Managed Services solution here.
Are You Developing Skills That Won’t Be Automated?
A recent study from Forrester estimated that 10% of U.S. jobs would be automated this year, and another from McKinsey estimates that close to half of all U.S. jobs may be automated in the next decade. The jobs that are likely to be automated are repetitive and routine. While much has been written about the sorts of jobs that are likely to be eliminated, another perspective that has not been examined in as much detail is to ask not which jobs will be eliminated but rather which aspects of surviving jobs will be replaced by machines.
Consider the job of being a physician: It is clear that diagnosing illnesses will soon be accomplished better by machines than humans. This job clearly is about more than just mixing drinks. Like the physician, we can easily parse this job into two components: the repetitive and routine one and the more interactive, unpredictable one that involves listening to and talking with customers. The functioning of emotion has proven challenging to understand scientifically, and is difficult to build into an automated system. Humans can easily take context into account when making decisions or having interactions with others.
Context is particularly interesting because it is open ended – for instance, every time there’s a news story, it changes the context in which we operate. Changes in context can change not just how factors interact with each other, but can introduce new factors and reconfigure the organization of factors in fundamental ways. Our ability to manage and utilize emotion and to take into account the effects of context are key ingredients of critical thinking, creative problem solving, effective communication, adaptive learning, and good judgment. These are the very skills that employers across industries consistently report seeking in job candidates.