Wednesday, November 22, 2017

The new revolution

Many are the advantages of the machines: they increase the production, they grant a greater level of precision, the losses of raw materials are diminished ... but in spite of being able to enumerate many of them, not all were advantages when the machines arrived to stay and the revolution industrial began. For decades, workers enjoyed little of the benefits of this increase in productivity and it was not until after a time, when the benefits began to be distributed more widely.

Today, in the 21st century, we are not suffering an industrial revolution ... or are we? Artificial Intelligence has brought many benefits to the technological, industrial, sanitary or educational sector. And this trend is booming and proof of this are the results of the survey conducted by Deloitte to digital leaders in the United Kingdom of 561 different organizations. According to this study, 85% of senior executives plan to invest in Artificial Intelligence (AI) and Internet of Thing (IoT).

These results come from the first edition of a new report by Deloitte, the Digital Disruption Index. This report will be conducted on a regular basis and its objective is to study the investment in digital technologies by companies. In addition, this will create a detailed image of the impact of this investment on the largest and most influential commercial and public sector organizations.

More than half of the respondents expect to invest more than £ 10 million in digital technologies by 2020. These data are broken down into different technologies, for example 73% say they will invest in robotics while 63% opt for augmented and virtual reality . While slightly more than half prefer to invest in biometrics (such as voice and finger recognition), 62% choose portable devices to make their investment. The blockchain also has many eyes on it with almost half of the respondents betting on this technology to make their investments in the future. Despite having such faith in the future and its investments, only 1 in 11 of the executives surveyed believe that UK companies are world leaders in the exploration and implementation of digital technologies and ways of working today. Therefore, their hope for growth during these next 2 years is quite high

Regardless of the fact that at this moment the investment in Artificial Intelligence is quite modest, since only 22% have invested in it, the executives surveyed believe that it will be the digital technology that will have the most impact on their companies in the future. Of those who have currently invested, only one third expects to spend more than 1 million pounds in 2017. This invites us to think that companies today are testing with pilots, instead of large-scale deployments.

But beyond what many may think, Artificial Intelligence will not be used to replace human activity: just under half expect their work force to be reduced as they adopt AI. 1 in 3 of the respondents believe that Artificial Intelligence will be used to increase experience and improve human decision making, which, despite not reducing the workload, would be a great improvement in the day to day of the Business.

Studying all these results in context, it can be said that Artificial Intelligence will be part of the daily reality of companies sooner or later, although it is also important to take into account the current panorama in terms of a lack of technical skills. This is a concern that is reflected in the survey, only 20% of leaders believe that there are enough graduates incorporated into the labor market with the digital skills and experience necessary to deal with these changes. Although the digital strategy is clear, more than half of the respondents believe that the professional development of their companies will not be able to support their digital strategy.

It´s true that there is a low supply and a high demand for technical skills, but it is expected that the number of cybersecurity professionals will grow and be able to face this new industrial revolution. What is clear is that collaboration between education, legislation and companies will be necessary to face this new reality.


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