Automation Technology Disrupts Traditional Industries

How Technology Is Disrupting Traditional Industries 

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Technology has infiltrated every industry. As the years continue to go by, this trend is only going to become more apparent. 

Traditional fields that technology had a hard time entering are now being disrupted. Farming, a historically stubborn and generational field, is slowly being taken over by technology. As the development of artificial intelligence and machines continues, the entire industry may be revolutionized and changed.

From business to manual labor, all aspects of the workforce are beginning to become disrupted. This is leading the entire job force towards a state of creative-destruction where the jobs within incumbent industries will be destroyed and replaced with newer, more advanced jobs. 

In fact, Fortune discussed an expert analyst who predicted that as much as 40 percent of jobs could be replaced in the next 15 years. The question, however, lays in how technology is going to disrupt these industries. Below are a few of the largest methods by which advanced technology will take over.

Automation

This is potentially the largest and most well-known effect that technology has on older industries. We have seen the results of automation with processes such as the manufacturing line and as technology develops the results are only going to become more extreme.  In fact, our focus as an agency is on automating marketing and sales processes.

Fields such as accounting and finance are set to be heavily disrupted by technology. The jobs won’t fully disappear but they aren’t going to look anything at all like what they were before. Coders are going to be brought in to create programs that can automate the basic bookkeeping processes of accounting. The effects of this change won’t necessarily be lost jobs. After all, the manufacturing line was mostly replaced by robotics but new jobs emerged such as handling inspections and becoming floor managers.

Look no further than Microsoft Excel to see how basic automation has changed an industry. Prior to online spreadsheets, finance and accounting workers had to do all the math by hand which may have led to more errors. In the future, programs written by coders will allow workers to become far more efficient in their day-to-day tasks. Automation will occur in virtually every field of work and displace those whose sole duty is what a computer can do.

New Skills 

Another large effect the development of technology will have on the workforce is requiring new skills to stay relevant. Traditional jobs of the past used an entirely different skillset that, for the most part, didn’t involve computers. However, in today’s day and age computers are everywhere and run everything. 

The recent pandemic has only demonstrated how instrumental computers have become to the business process. Companies that were not or could not be online have been struggling to survive whereas some companies only saw COVID-19 as a mild setback. The need for workers who can maintain the technology that keeps businesses running is going to jump like never before. 

Fortunately, bootcamps have been created that can provide any worker of any age with the skills needed to survive in the future of work. Online data science bootcamps are one of the most popular and a great example of how technology has made knowledge readily available for all. A field that previously required a master’s degree is now accessible for anyone who desires to learn. Learning these new skills will become imperative to surviving the disruption technology has and will cause.

Education

One of the lesser recognized fields that technology will disrupt is education. This disruption was alluded to when discussing bootcamps, but entire online trade schools have been created to give students degrees in certain fields. Look at the sheer number of secondary and post-secondary institutions that have moved online as a result of the pandemic.

Online trade schools have both online options as well as campuses around the country. One such school, General Assembly, even has campuses around the world where students can learn. Technology will disrupt the educational field by removing the traditional path of education and replacing it with something more fluid. 

As technology continues to change, education is going to become freer and far more available to anyone in the world via online tutelage. 

Conclusion

The above examples of disruption from technology are the tip of the iceberg. No industry will be left unaffected, including the rigid industries of the past. For better or worse, technology will change everything from the way we work to the job opportunities themselves. Preparing for this change is a matter of predicting the disruption and adapting to it.  If technology growth and automation are on your horizon, our trusted strategists can help you find the right solution.

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