Jobs you Wouldn’t Expect to be Threatened by Technology That Are
When you think about the future of the economy, you think about the future of the job market. One hands guides the other.
As more companies learn they can save money and time with automation, it doesn’t mean that many careers will disappear all at once. However, a decade from now, many of these professionals may find either themselves out of work or their industry changed forever.
Bank Tellers and Bank Reps
Between phone apps and ATM machines, the need for bank tellers is minimal at best. Most people avoid the bank at all costs, and as younger generations rise up, expect trips to the bank to disappear completely.
It may be hard to believe that this career is phasing out, but today, there isn’t a human financial analyst that can make predictions and recognize trends as good as financial analysis software can.
In fact, they will likely be one of the worst hit sectors in the banking industry in the next decade. The financial industries in general will take a hit. Software is replacing everything from accountants to AP clerks, and the changes are only going to keep coming.
Insurance Claims Reps and Underwriters
Automation is going to take the insurance industry by storm.
A company in Japan recently replaced thirty of their employees with an artificial intelligence system that calculates the payouts to the policyholders. Fukoku Mutual Life Insurance believes it will cause a 30% increase in their productivity and produce a ROI in as little as two years.
Watson Explorer, from IBM, is also believed to have cognitive technology to think like a human, so it’s able to interpret and analyze data. This could threaten the skills needed in these jobs as well.
Robotic bricklayers can replace two to three workers and lay up to 1,200 bricks a day, compared to the 300 bricks to 500 bricks that are laid per day by human workers. One good thing for the construction industry, is that these systems work alongside their human counterparts.
But, this still reduces the need for workers by two or three workers per crew.
Data will never stop being important, nor will technology, but the way they operate is changing every day. As digital assets increase in value, they need to be protected.
IT professionals can’t handle the manual backup and recovery of data. Data recovery software has taken over some of the more time-consuming tasks usually done by IT professionals. Again, it’s not the the industry will be gone—employment will just shrink.
Robots are designed to milk cows, pull lettuce, and other work that farmers do. There are some reports by the Modern Farmer that state that up to a million farmers in the US can be replaced by these machines. The new technology can pick apples, weed cabbage, prune grapevines, pick strawberries, and thin lettuce. Some farmers are even utilizing self-driving tractors to help around the farm.
Journalists, Authors, Announcers, and Report Writers
Report writing is easy for machines to do. They can be taught to read data and analyze any kind of research material. Then create a readable piece of writing.
These systems will have the ability to create stories and broadcast sporting and news announcements. Expect this to a take a while to refine into well-wrought pieces, but it will likely happen.
Project managers usually have to have the “soft skills” to manage people, but what happens when software can guide them along tasks and let them know priorities?
Of course, someone will have to work with the software, and with the people. But expect the employment pool for this profession to shrink.
With our growing population, there is just not enough doctors out there to care for all the people. Robot-surgeons can correct one’s vision or replace a knee. As the technology advances, there will be more surgical procedures that machines will be able to do. This won’t phase out all the doctors, but it could put a huge dent in how busy the doctors are.
An article by the Los Angeles Times states that robots could replace 38% of the jobs in the United States, 21 % of the jobs in Japan, 35 % of the jobs in Germany, and 30 % of the jobs in Britain in the next 15 years. To compete with companies have to go with automation . This will result in even less jobs. Companies that take advantage of automation will stand the best opportunity to stay relevant in the economy in the future.
With companies automating everything from milking cows to handling accounting, there is a wide range of opportunities available. Decreased overhead opens time and money for innovation and a company that isn’t changing and growing in our new economy is dying.