Blockchain, Big Data & Artificial Intelligence: threat or an opportunity?

Blockchain, Big Data & Artificial Intelligence can make our life easier: operation can become much faster, efficiently and transparent. On the other hand new technologies will certainly change the labor market. Due to implementation of the new technologies 20,000 American workers were cut from IBM in the last five years, representing nearly 40% of its workforce. The figures are a stark reminder that big data, blockchain technologies and artificial intelligence, while streamlining governance and corporate efficiency, can be huge job killers (source: https://dailyhodl.com/2018/04/03/ibm-touts-3-1-trillion-blockchain-future/).

So what jobs are at risk due to implementation of the new technologies? The most risk is for jobs that on some level are routine, repetitive and predictable.

For example the latest articles on this theme predict that with a 99% possibility that call centers may disappear. You may have noticed the widespread of robot calls. The other professions that are at great risk are related to law and legal. According to analysis by Deloitte over 100,000 jobs in the legal sector have a high chance of being automated in the next twenty years. The report estimates that technology has already contributed to the loss of more than 31,000 jobs in the sector but that there has been an overall increase of approximately 80,000, most of which are higher skilled and better paid (source: https://www.legaltechnology.com/latest-news/deloitte-insight-100000-legal-roles-to-be-automated/).
The number of traditional work will reduce significantly but on the other hand the number of jobs with a need of understanding of new technologies and search for creative solutions will grow.

IBM’s general manager of blockchain, Marie Wieck, also detailed how the widespread use of the technology would have a $3.1 trillion-impact on the global economy. Speaking with The Australian Financial Review, she highlighted research from Gartner which estimates the value-add of the blockchain economy at just over $176 billion by 2025, with a run-up to over $3.1 trillion by 2030. (source: https://dailyhodl.com/2018/04/03/ibm-touts-3-1-trillion-blockchain-future/).

So if you want to be in demand then you will have to learn something new all the time.

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