Technology

In this short presentation, Dr Franck Debié, Director of the Library and the Knowledge services in the European Parliament, Associate Professor of Geopolitics at Ecole Normale Supérieure de Paris (Paris Sciences et Lettres University), Member of the Steering Committee of the European System for Policy Analysis and Strategy (ESPAS) outlines his view of the key findings of the three ESPAS reports (2012, 2015, 2019) on long-term trends to 2030 for the Ideas Network 2030, an Oxford based network regrouping policy-makers, business actors and researchers. The discussion took place on 14 September 2019. In his conclusions he stressed that: 'the successive ESPAS reports help us to progressively narrow our focus on those issues which will force Europeans to engage in a joint conversation on policy options for the future: the rise of China, climate change, aging and migration, digital disruption, and the growth of nationalism.

New forces are transforming the world of work. The transitions involved call for decisive action. Countless opportunities lie ahead to improve the quality of working lives, expand choice, close the gender gap, reverse the damages wreaked by global inequality, and much more. Yet none of this will happen by itself. Without decisive action we will be heading into a world that widens existing inequalities and uncertainties. Technological advances – artificial intelligence, automation and robotics – will create new jobs, but those who lose their jobs in this transition may be the least equipped to seize the new opportunities. Today’s skills will not match the jobs of tomorrow and newly acquired skills may quickly become obsolete. The greening of our economies will create millions of jobs as we adopt sustainable practices and clean technologies but other jobs will disappear as countries scale back their carbon- and resource-intensive industries. Changes in demographics are no less significant. Expanding youth populations in some parts of the world and ageing populations in others may place pressure on labour markets and social security systems, yet in these shifts lie new possibilities to afford care and inclusive, active societies. We need to seize the opportunities presented by these transformative changes to create a brighter future and deliver economic security, equal opportunity and social justice – and ultimately reinforce the fabric of our societies.

We are used to thinking about artificial intelligence (AI) in the future tense, speculating how technological developments in this area will affect us. But if we spend too much time trying to figure out what to expect in the future, we risk not seeing that AI and robotisation have already started transforming our daily lives.
While historical evidence suggests that previous waves of automation have been overwhelmingly positive for the economy and society, AI is in a different league, with the potential to be much more disruptive. It builds upon other digital technologies but also brings about and amplifies major socioeconomic changes of its own.
What do recent technological developments in AI and robotisation mean for the economy, businesses and jobs? Should we be worried or excited? Which jobs will be destroyed and which new ones created? What should education systems, businesses, governments and social partners do to manage the coming transition successfully?

Based on a survey of 56,000 youths aged 15-35 years old from six countries in the South-East Asia region (ASEAN), this report analyses the views of young ASEAN citizens on future of work, skills and technology. The survey finds that ASEAN youths are highly aware of potential disruption and challenges brought by the Fourth Industrial Revolution to the local labour markets, and they are aware they must constantly upgrade their skills. It also details their skills gap, their future career aspirations and their preferences on skills training. The survey was conducted in partnership with Sea.

The World Development Report (WDR) 2019: The Changing Nature of Work studies how the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance this appears to be unfounded. Work is constantly reshaped by technological progress. Firms adopt new ways of production, markets expand, and societies evolve. Overall, technology brings opportunity, paving the way to create new jobs, increase productivity, and deliver effective public services. Firms can grow rapidly thanks to digital transformation, expanding their boundaries and reshaping traditional production patterns. The rise of the digital platform firm means that technological effects reach more people faster than ever before. Technology is changing the skills that employers seek. Workers need to be better at complex problem-solving, teamwork and adaptability. Digital technology is also changing how people work and the terms on which they work. Even in advanced economies, short-term work, often found through online platforms, is posing similar challenges to those faced by the world’s informal workers. The Report analyzes these changes and considers how governments can best respond. Investing in human capital must be a priority for governments in order for workers to build the skills in demand in the labor market. In addition, governments need to enhance social protection and extend it to all people in society, irrespective of the terms on which they work. To fund these investments in human capital and social protection, the Report offers some suggestions as to how governments can mobilize additional revenues by increasing the tax base.

This report proposes an innovative focus on cybersecurity incentives for the investment community. Investors in innovation and technology-driven companies have a responsibility to ensure that cybersecurity is given priority in the early stages of product development. By ensuring cybersecurity from the outset – including features like security-by-design and security-by-default – investors can increase the likelihood of company success in the long term, promote more durable technology and improve overall cyber resilience. This report proposes principles for investors that will raise their internal cybersecurity awareness and offers a complete framework enabling investors to assess the cybersecurity preparedness of their target company.

The technologies on the list, which is curated by members of the Forum’s Expert Network, are selected against a number of criteria. In addition to promising major benefits to societies and economies, they must also be disruptive, attractive to investors and researchers, and expected to have achieved considerable scale within five years. “From income inequality to climate change, technology will play a critical role in finding solutions to many of the challenges our world faces today. This year’s emerging technologies demonstrate the rapid pace of human innovation and offer a glimpse into what a sustainable, inclusive future will look like,” said Jeremy Jurgens, Chief Technology Officer at the World Economic Forum. “Technologies that are emerging today will soon be shaping the world tomorrow and well into the future – with impacts to economies and to society at large. Now that we are well into the Fourth Industrial Revolution, it’s critical that we discuss and ensure that humanity is served by these new innovations so that we can continue to prosper,” said Mariette DiChristina, Editor-in-Chief of Scientific American, and chair of the Emerging Technologies Steering Committee.