"It will affect our identity and all the issues associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the time we devote to work and leisure, and how we develop our careers, cultivate our skills, meet people, and nurture relationships."
Charles Schwab Exec Chairman World Economic Forum
This will give rise to a job market increasingly segregated into “low-skill/low-pay” and “high-skill/high-pay” segments, which in turn will lead to an increase in social tensions.
The exponential speed of technology adoption and deployment is the challenge for leaders in government, business and the public sector. We will not have the luxury of time experienced in the '80's and early 21st Century.
On the other hand we potentially have more relevant and complete information on which to make decisions. AI and Augmented Intelligence will help leaders focus on the important and have machines, robots make decisions on the predictable outcomes, Freeing up the creativity and capacity to innovate that "The Fourth Industrial Revolution" offers us Homo Sapiens.
The danger is that culturally and politically leaders will be unable to assure anxious middle class and forgotten working class peoples that benefits will flow to them. Rust Belt America and Northern Britain embraced Trump and BREXIT - in many ways pining for a past that will never return.
The economic growth of 20th Century America and the stability of The British Empire and Commonwealth.
How will government become agile to use the very digital transformation to reform central and municipal government, deliver core responsibilities and train/educate people to embrace digital transformation?
Those that do will not only survive but thrive. If it can seize the opportunity the UK government can use BREXIT and digital transformation to rejuvenate and grow the economy and the well-being of the population. Not with yesterday's socialist ideas nor with naked capitalism.
Carpe Diem? No, we cannot seize the day and forget the future- we must employ digital transformation with vigour and a strategy that will share the fruits of the digital harvest widely across all peoples.
At the same time, as the economists Erik Brynjolfsson and Andrew McAfee have pointed out, the revolution could yield greater inequality, particularly in its potential to disrupt labor markets. As automation substitutes for labor across the entire economy, the net displacement of workers by machines might exacerbate the gap between returns to capital and returns to labor. On the other hand, it is also possible that the displacement of workers by technology will, in aggregate, result in a net increase in safe and rewarding jobs.