Digital and Artificial Intelligence
Technology has come up as an issue of concern in the workplace. Firms have embraced technology to the extent that human labor has become obsolete in some instances. However, the future of work is founded on uncertainty, with a concern coming up on whether technology will come to take over from human responsibilities. The introduction of digital and artificial intelligence in the workplace has the potential to change work by introducing both acceptable and unacceptable traits significantly. Furthermore, the world of work in 2030 is expected to be divided into four worlds, the green, red, yellow, and blue worlds.
The introduction of digital and artificial intelligence in the world of work has played a significant role. It is expected to play a vital role in developing the four worlds of work in the future. Digital and artificial intelligence is associated with several positive impacts in the workplace (Stubbings and Williams, 2017, 10). For example, the quality of work is improved while time is saved, carrying out duties that can be done using technology. Also, digital and artificial intelligence has played a significant role in enhancing the safety and effectiveness of machines. For example, the use of GPS location on cars has been efficient in aiding drivers while travelling on new roads. However, digital and artificial intelligence does not come without risk. The workplace is at risk of losing on the need to keep human labor after artificial intelligence has taken over. Generally, the introduction of digital intelligence requires a strategy to avoid losing out on the advantage of having human labor in the workplace. Moreover, digital and artificial intelligence creates a pathway for the four worlds of work expected in 2030.
The world of work is divided into four worlds, and they are expected to be clearly defined in 2030. The red world is founded on a system where innovation outgrows the need to consider regulation. In the red world, organizations and individuals are on a race to utilize innovation for profit-making (Stubbings and Williams, 2017, 11). The yellow world, on the other hand, represents a system where the decisions made in the workplace consider the well-being of human beings. The green world is founded on the ability of companies to care about demographic factors, climate, and sustainability. Finally, the blue world is founded on capitalism, where organizations are only concerned with how they can beat the existing business challenges to grow big.
Article Summary
The article from AFR review concerning the future of CFOs is based on the measures that are being put in place to counter future business challenges. The Australian Financial Review CFOs 2019 summit is reported to have been based on the roles of CFOs in transforming firms to make them competitive and to overcome the challenges expected in the future (Australian Financial Review (AFR), November, 8, 2019). The article is based on the role of the CFOs towards creating firms that have a way of creating surplus finances for investment. Investment is hailed as being a better source of revenue for firms in a bid to keep them alive in a world that is founded on stiff competition. Also, the issue of technology was introduced in the summit, with the CFOs being in the middle of the technology issue and transformation of the workplace. Generally, the article was based on the move to prepare CFOs to be the future CEOs of their companies.
References
Australian Financial Review (AFR), November, 8, 2019. CFOs’ vision for the future is less government
Stubbings, C. and Williams, J., 2017. Workforce of the future: the competing forces shaping 2030.