In PwC’s latest report on the impact of automation, up to 38% of jobs in the US are at risk, with Germany (35%) and the UK (30%) not far behind, forcing us to rethink how secure our jobs really are, writes DANIEL SCHWARTZKOPFF, Co-Founder: DataProphet.
The Fourth Industrial Revolution will dramatically reshape the world of work and force us to rethink our approach to our careers, our lives, and our aspirations. With a global market estimated to reach $70 billion by 2020, machine learning is driving fundamental change in the way every industry operates. Learning algorithms are already pioneering advances in customer service, manufacturing, healthcare, auditing, legal counsel, and insurance underwriting, with more industries to follow.
Old notions of job security have all but disappeared: the thought of working for the same company for 40 years until retirement is laughable. In 1965, corporations remained in the S&P 500 Index for an average of 33 years; by 2012 this had already shrunk to 18 years. With the rapid pace of development bankrupting and displacing large behemoths like Kodak and Blockbuster, no one should be under the illusion that a company is too big to fail.
Rise of the machines
In PwC’s latest report on the impact of automation, up to 38% of jobs in the US are at risk, with Germany (35%) and the UK (30%) not far behind. And it’s not manual labour that is most in peril: accountants, lawyers, call centre agents, machine operators, and insurance underwriters are at or near the top of lists of jobs most likely to become redundant thanks to machines.
In response, it is likely that the governments will start implementing policies to protect an already fragile job market. However, the commercial benefits of automation are vast and far-reaching. In an example recently cited by the World Economic Forum, a Chinese factory in Dongguan City replaced 90% of its workforce with machines, leading to an incredible 250% boost in productivity, with defects reduced by 80%.
Governments need to take a more forward-looking approach and find innovative ways of incentivising and equipping people to educate themselves. Learning the types of skills unlikely to be replaced by machines in the coming years is critical – especially here in Africa.
SA / Africa most vulnerable
South Africa’s latest unemployment figures paint a bleak picture: the official rate is 27.7%, or 6.2 million people who want to work but can’t find employment. A closer look, however, will reveal that the vast majority of the unemployed are without a tertiary education. Among graduates the unemployment rate is a mere 7.3%.
To help stimulate job creation, government and industry have worked hard at establishing a business process outsourcing (BPO) industry as a key job creator and economic driver. One industry body claims the sector already employs more than 30 000 people, and aims to grow this to 80 000 by 2021. Considering most of the outsourced jobs are in call centres and customer service, it is alarming that so much effort is being put into industries that are most at risk of automation.
Across the continent, explosive population growth is expected to bring a further 122 million people into the workforce by 2020. Due to shortcomings in the continent’s education sector, these workers are likely to be overwhelmingly unskilled or semi-skilled. Absorbing 122 million people into formal economic activity will be paramount to the continent’s on-going development and prosperity.
We need an urgent change in how we approach skills development and work.
Rethinking our approach to work
Those wishing to future-proof their careers should stop relying on traditional notions of work. Many of the skills required for the future – such as data science and machine learning – are not yet formally offered at university level, and even where they are the industry changes so quickly that by the time a student exits a four-year degree, much of their knowledge is already outdated. In response, we should all aspire to a lifelong approach to learning.
Developing skills in the STEM (Science, Technology, Engineering and Maths) fields, as well as arts and humanities – where machines will struggle with replicating design, creation, empathy, and problem-solving thought – represents workers’ best defence against automation. Taking up online courses in specific fields that teach you marketable skills, for example, is one cost-effective way of empowering this new wave of jobseekers.
Encouragingly, many modern tech companies no longer look solely at academic transcripts and qualifications as the main benchmark of your employability. Instead, practical tests are given that gauge a candidate’s actual ability to complete work-related tasks and think creatively and laterally.
New skills for new jobs
This shift in skills development and training may pose severe challenges to those job seekers who are unable to pursue self-learning opportunities. Government, schools, and universities should therefore modernise their approach to training and education to ensure our immense talent pool is not left under- or unutilised.
It is certain that some jobs will be disrupted – even eliminated – by automation. Workers will need to develop a new mix of skills to meet the demands of entirely new job functions created in the course of our technological progress. Opposing progress to preserve automatable jobs is futile – it would not be wise to be remembered as the Luddites of the 21st century.
In a positive sign, 94% of executives surveyed in a recent study agreed that when administrative tasks are automated, the demand for jobs that require soft skills – such as creative problem-solving, collaboration, and communication – will grow.
It’s high time we overhaul our education and skills development sector. The alternative – millions of unemployed and unemployable people – is too frightening to contemplate.
Naspers feeds into Latin America’s tech funding
Movile will get $400m funding from the SA-based technology investment giant for iFood expansion.
Movile is to receive US$500-million in funding for iFood in the largest tech funding in Latin America to date. Naspers and Innova Capital have committed to invest $400m of new capital into Movile to use for further investment in iFood, the leading online food delivery platform in Latin America, of which Movile is a majority shareholder.
Movile and Just Eat have already invested $100m in iFood during 2018. iFood’s extraordinary growth and the vast market opportunity in Brazil and more broadly in Latin America has driven the increased investment commitment.
iFood’s monthly orders in Brazil have fed more than 9 million customers in the past twelve months, 16 times the nearest online competitor, in terms of daily active users. This means its partner restaurants are serving the biggest population of consumers ordering food in Latin America. iFood has 50 000 restaurant partners and uses 120 000 couriers.
The increased investment commitment from Naspers, Innova and Movile is expected to accelerate growth, speed up product development and innovation, and fuel geographical expansion for iFood across the region. The company’s vision is to gain deeper knowledge of consumers through artificial intelligence technology, to personalise the food delivery experience – and at a reduced price, because of improved logistics.
“Movile is very fortunate to have long-term investors who have supported us for the past decade to help achieve our goal of transforming the lives of more than one billion people and thus we are able to continually back iFood to ensure it remains the market leader,” said Fabricio Bloisi, Movile CEO.
“Our entire ecosystem of companies is focused on allocating resources and energy towards our one billion people goal. iFood is leading the way, fueling unprecedented growth through its innovative technology platform, providing consumers, couriers and restaurants with the best experience in food ordering and delivery.”
Larry Illg, CEO of Naspers Ventures, said: “iFood has established itself as a technology leader in Latin America and its success stacks up with some of the most innovative food companies that are leading regions in North America, Europe and Asia. We have been impressed by their execution in Brazil and remain committed to backing the company on its path to transform the entire food chain to better serve consumers.”
Online food delivery is experiencing massive expansion globally. According to latest reported results, Grubhub grew daily average orders 39% year-on-year, reaching over 416 000 orders per day. In Latin America, iFood has reached 390 000 orders per day just in Brazil in the last week of October, compared with 183 000 in October 2017, representing 109% growth.
iFood CEO Carlos Moyses said: “We want our consumers to have an amazing delivery experience from the moment they order their food to the moment it arrives. Our partners – the restaurants and delivery fleet – make that happen by living our purpose of improving people’s lives using our services.
“iFood exists for our customers and, with an increased investment commitment of this size, we will be able to build out our state of the art technology platform, and increase our courier and restaurant partners to even better serve our current and future customers in Latin America.”
Hide your sheep, Spyro is reigniting
Spyro, the iconic purple dragon that entertained living rooms worldwide in the late ‘90s, is making a return with the release of Spyro Reignited Trilogy.
Spyro Reignited Trilogy introduces players to a fully remastered game collection with a re-imagined cast of characters, animations, environments, new lighting and recreated cinematics—all inHD. Now fans can explore more than 100 lush environments filled with new detail, that brings the Dragon Realms and Avalar to life . The trilogy is available for PlayStation 4, PlayStation 4 Pro and the family of Xbox One devices from Microsoft, including the Xbox One X.
South African distributors Megarom provided the followjng information:
In Spyro Reignited Trilogy, lead developer Toys For Bob is giving fans an all scaled-up version of the original three Spyro games that started it all, Spyro the Dragon, Spyro 2: Ripto’s Rage! and Spyro: Year of the Dragon, but with a modern-day feel that makes it fresh and fun for today’s player. Adding to the fun, voice actor Tom Kenny is returning to the franchise as the voice of Spyro in all three remastered games. Longtime fans will be treated to Toys For Bob’s reimagined version of the classic soundtracks, in addition to an all-new title-screen theme from original soundtrack composer Stewart Copeland.
Additionally, the new game brings an in-game audio feature that allows players to switch between the original and the newly remastered soundtracks, for those who want a more classic gameplay experience. Players can simply fly in to the “options menu” at any time during gameplay, unleash their preferred nostalgic or scaled-up groove, and glide right back into the Spyro action without losing saved data.
“It’s been a real pleasure to bring back one of most iconic video game characters of all time through the Spyro Reignited Trilogy,” said Paul Yan, Co-Studio Head at Toys For Bob. “We’ve poured everything we’ve got into making sure every detail was done right to deliver a great Spyro experience for fans. We hope players will have as much fun revisiting the Spyro world and characters as we did remastering them.”
In the road up to the official release of Spyro Reignited Trilogy, Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard, created a first-of-its-kind, life-sized, fire-breathing and talking Spyro Dragon drone. The drone took off from “Stone Hill” castle near New York City, spreading his wings across the U.S. to explore the cities and iconic landscapes that resemble levels and themes from the original Spyro games. As part of the tour, the Spyro drone chased sheep, fired up some BBQ and delivered an early copy of Spyro Reignited Trilogy to fellow O.G. and entertainment icon, Snoop Dogg. Highlights from the Spyro drone’s delivery to Snoop Dogg can be found here.
“Fans have been asking Activision to bring Spyro back for some time now. The response to Spyro Reignited Trilogy has been great thus far, and we’re absolutely thrilled that we’re able to continue to reimagine and reinvigorate some of the most iconic videogames and characters of all time with our remastered experiences,” said Steve Young, Chief Revenue Officer at Activision. “With this year being the 20th anniversary of Spyro, there’s no better time to pay homage to everyone’s favorite purple dragon.”
The Spyro community is invited to geek out and elevate their fandom even further through the elite global partnerships from the Activision Blizzard Consumer Products Group (ABCPG). Collaborations with Funko, Traly Pins, Exquisite Gaming, KidRobot, USAopoly, Trends International, Rubber Road, and Changes have created new avenues for fans to share their love for the return of Spyro, the original roast master. Spyro consumer products across apparel, collectibles, figurines and more are now available at retailers worldwide. Fans can also take advantage of the GameStop exclusive Spyro TOTAKU Collection.