By: Steven Norton | Apr 28, 2017 5:35 pm ET
Many fail to recognize digital shift as more than continuation of industrial revolution
NEW YORK — Existing government policies and approaches to education don’t do enough to to address the broader structural changes being brought about by automation, panelists said Friday during the Digital Future of Work Summit, hosted by the McKinsey Global Institute and New York University Stern School of Business.
The panel, convened to discuss the economic impacts of artificial intelligence, robotics and automation, featured Vasant Dhar, a professor at NYU Stern School of Business, venture capitalist Albert Wenger, and Michael Chui, a partner at McKinsey Global Institute.
Panelists acknowledged that it will take decades for automation technologies to impact a significant swath of the workforce, but said governments needed to start developing better policies now to ease the transition. Some expressed worry that current efforts, such as job retraining programs, do not necessarily equip society for the digital era.
“The thing that’s alarming to me is a refusal, generally, to acknowledge that the digital transformation is as profound as the industrial transformation,” said Mr. Wenger, a partner with venture capital firm Union Square Ventures.
To read full article – please click here.
0 Comments