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| Issue 11, September 2024 |

The Future of the Professions

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By Richard and Daniel Susskind

 

The Rise of Technology and its Impact:

  1. Automation is coming for everyone: Technology will automate many routine and predictable tasks across professions, requiring humans to adapt and focus on higher-level skills.
  2. The “grand bargain” is breaking: The traditional model of professional monopolies with gatekeepers is being challenged by technology, leading to more open and accessible expertise.
  3. Increasingly capable systems: AI and other technologies will become more capable, taking on tasks previously reserved for human experts, requiring collaboration and upskilling.The Changing Landscape of Professions:
  4. The rise of “open-collared workers”: Traditional professions will evolve, with more flexible, freelance, and project-based work arrangements becoming the norm.
  5. The need for lifelong learning: Continuously updating skills and acquiring new knowledge will be crucial to remain relevant and competitive in the changing job market.
  6. Specialization and niche expertise: While some jobs will disappear, new opportunities will arise for highly specialized experts who can solve complex problems and apply unique skills.New Models for Expertise Delivery:
  7. The platform revolution: Online platforms will connect experts with clients directly, bypassing traditional gatekeepers and democratizing access to expertise.
  8. Crowdsourcing and collaborative models: Expertise will be sourced from a wider pool of individuals through collaborative platforms, challenging traditional notions of professional hierarchies.
    9. The “human touch” remains essential: While technology will automate many tasks, human qualities like empathy, creativity, and critical thinking will remain essential for success.Ethical and Societal Implications:
  9. The future of work and employment: The changing landscape raises questions about job displacement, income inequality, and the need for new social safety nets.

 

Contributed by: Natasha Shaheen, Digital Media Executive, natasha.shaheen@tcs.com.pk

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