Over half the companies on the Fortune 500 have disappeared since the year 2000!
"And yet, we are only at the beginning of what the World Economic Forum calls the “Fourth Industrial Revolution,” characterised not only by mass adoption of digital technologies but by innovations in everything from energy to bio-sciences.
While the digital transformation of industries will be profound, we must keep in mind that it will have wider economic and social impact, too, as with previous revolutions driven by steam and coal, electricity and computers."
Source: Pierre Nanterme CEO of Accenture
Lifetime learning is becoming an economic imperative - see The Economist special report.
Nevertheless, the speed of change is a challenge. See my article Do we have time to adapt to automation?
Initiative like those of Sir James Dyson show the way- Enterprises taking a leading role in developing and nurturing peoples' skills and knowledge to power digital transformation. See "New Dyson Technology Campus"
There will be challenges, however. We believe that the net impact on employment will be positive and that artificial intelligence will augment what humans are great at and make them even better. But we need a revolution in skills and a transformation of organizations if we are to reap these rewards in the workplace.