Topic: BusinessAccounting

Last updated: November 25, 2019

Is Smart Technology a job creator or job destroyer?What Is Smart Technology.Smart technology is the use of the scientific knowledge to manufacture machines to make human work easier and faster. By automating techniques industries can restore many humans with a single computer. It will be cheaper and removes the probability of human error.How is Smart Technology A Job Creator?Jobs that are being handed over to machines are ones that you would think would be difficult for computers to do. Mechanize cars, for example broadcasting is another example But the LA Times uses a conclusion that undoubtedly generates information on earthquakes and fills in the gaps in pre-written copy.

It is worth pointing out that this is very much a supporting development, the conclusion is used to get a story up online as quickly as possible before a reporter adds more substance to the story.But it is really not all doom and gloom. In fact, a recent report tells that technology has helped to create far more jobs than it has destroyed.

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The report, from consultancy firm Deloitte, was drawn from census data in the UK hind to 1871. In part, it is due to the evidence that technology has helped reduce the cost of human needs, leaving more money for leisure. This has in turn created application for service jobs such as bar staff and hairdressers.The main stream is of contracting employment in agriculture and manufacturing is being more than offset by rapid growth in the caring, creative, technology and business services sectors, the report says. Machines will take on more repetitive and heavy tasks, but seem no closer to disregarding the need for human labour than at any time in the last 150 years.In the field of business today, the winning companies of today understand and adapt to these consumer trends and those that do not will die.

The best firms tap into the most fundamental needs of new consumers Think marketplace (Amazon), information (Google), identity/authenticity (Apple) and relationships (Facebook).Ways that smart technology will influence business:An event to think wider.As smart technology may be seen as damage to other business, others will be able to see the advantages. The change in focus should not be just about connecting devices, but understanding how the modern technology will serve as an avenue to create information that can then become a device for the business market.Marketing will changeThe accountability for marketing will be distinct, as a more focus way will become the new model. Business will now be able to abstain in investing budget on large spray and pray campaigns and create a demonstrate customer experience on a set of smart con-nected devices or screens.Higher active real-time activity Business process and all devices network will give decision makers actual time view of its applications. This will serve as an opportunity for smarter decisions to be made based on more specific data.

Making smarter commodities Modernization is the name of the smart technology game and with connected devices, business will be able to create smarter and more advance connected products.Security will be very toughA drawback to this transformation is the boosted security risk that they act. As pro-grammers find new ways to modern current security protection, a threat investigation will be needed.More efficient personnelSmart technology has been said to have false position that its activity will recover jobs, this is not the fact. The establishment of smart technology in an avenue for work that will grant for a further beneficial and active workforce.

There is no disbelief that smart technology will have an important effect on business. Certain business post may fall away, but these will be recovered with more excuse for unique position.In a time of seismic technological development and digital invention, smart people cre-ating the smartest technology will remake and facilitate business. The report also argues that many of the jobs that have been replaced as a result of technological innovation are jobs society could happily get rid of anyway.

One example of this is the clothes washing industry. Back in 1901 it employed 200,000 people (out of a total population of 35 million), but by 2011 that number had fallen to 35,000 while the population had risen to 56 million.An impact of technologies, indoor plumbing, electricity and the affordable automatic washing machine have all but put paid to large laundries and the drudgery of handwashing the report says.

It was also clear that technology has helped advance jobs in what the report calls “knowledge-intensive fields,” where “the accelerating pace of communication have change certain sectors. One of those is accounting, where rising wages have driven demand for financial services. The report states that in 1871 there were just under 10,000 registered accountants in England and Wales, and there are now over 215,000.So which way will the trend continue? Will technology continue to create jobs, or continue to destroy them? In true fence-sitting style, I think the answer is somewhere in between.There is no doubt that those jobs listed above such as assembly line workers, bank tellers, public transit and taxi drivers, and telemarketers will continue to be replaced by cheaper and more reliable computers. But more special design roles, where human interaction is excellent think social workers, or emergency response crews, for example, will never be fully replaced by computers.

There will certainly be no stopping the march of technology, and the resulting changes like cheaper goods will be a double-edged sword. On the one hand it will mean more disposable income for many people, spurring purchases of leisure items, which will create demand for jobs to service those requirements.On the other hand, we will be faced with many people seeing their jobs replaced by technology. However, the recent improvements in IT education across Europe mean that many more people will have the skills required to get jobs in industries that utilise technology, instead of being replaced by it.

“Technology and mobile working are opening up a greater and more skilled pool of workers for entrepreneurial companies,” added McMorrow. “Companies are no longer constrained by having to hire from the obvious pools of talent, as technology enables employees to do their jobs from anywhere, inside or outside the physical walls of the organization.”Companies in the technology sector are actually leading the way when it comes to em-ployment growth: they created jobs in 2013 at a higher median pace, compared to job growth among all entries in all sectors.”In Canada, tech companies achieved a 36% job growth rate, while sectors overall clocked in at 25%,” says McMorrow.76% of entrepreneurs surveyed plan to increase the size of their workforce in the year ahead by an average of 19%.There is a misconception that technology will reduce jobs, but that’s simply not what we’re seeing with entrepreneurial companies says Colleen McMorrow, EY Partner and Canadian Strategic Growth Markets Leader. Our survey finds technology is helping these companies increase their cost competitiveness and efficiency, which in turn allows them to invest in their businesses and expand their workforces.EY’s Global job creation survey also found entrepreneurs are increasingly global in their outlook and are exploiting the opportunities that technology brings them to tap the global talent pool and address skills shortages in their home market.

One of the motivations behind the advance of technology has always been to get machines to perform work that is repetitive or a drudgery for humans. That motivation will continue to drive technological progress and people holding down those kinds of jobs are at risk of losing them. In the past, however, new technologies have also been job creators; sometimes creating entirely new industries.

But some analysts are asserting that the next wave of technological advancement will be different more jobs will be lost than will be created and this will create a societal crisis. Other analysts dismiss such claims and assert that the historical pattern will continue. Frankly, no one knows which camp is correct. Let’s look at the arguments from both sides starting with those that predict doom and gloom. Technology has boosted jobs in knowledge-intensive sectors in United Kingdom ac-cording to the above data.

HOW IS SMART TECHNOLOGY A JOB DESTROYER?That is absolutely what some reports have said, Industry analysts Gartner have predicted that one in three jobs currently done by people will be replaced by machines. “Gartner predicts one in three jobs will be converted to software, robots and smart machines by 2025,” Gartner research director Peter Sondergaard said. “New digital businesses require less labour; machines will make sense of data faster than humans can.”And to some extent it is already happening Plenty collar jobs, such as those carried out in car assembly plants, have been taken over by machines.

For some of blue-, like bank tellers, telephone receptionists and travel agents, the process of being replaced by computers began a while ago, and to many people will seem perfectly natural. There is most like a great number of people out there that have never gone to a travel agent to book their holiday; they do it all online.REFERENCES• Definition of smart technology?• How is smart technology a job creator?• How is smart technology a job destroyer?BibliographyWebsite• Year published: 2009Page title: Technology, job creator or job destroyer? – Think Progress UK Website name: Think Progress UKURL: assessed: 18th October, 2018• Year published: 2017Page title: How Smart Technologies Are Transforming Life and Business NowWebsite name: Hacker NoonURL: assessed: 20th October, 2018• Author’s name: Katie AllenArticle title: Technology has created more jobs than it has destroyed, says 140 years of dataWebsite title: The GuardianURL: assessed: 24th October, 2018• Year Published: 2015Page title: Robots, jobs and the human fear of changeWebsite name: TechCrunchURL: assessed: 24th October, 2018 Book• Author: Kathryn McKinley (K.M)Year published: 1979Book title: Technology and the Third WorldCity: Ottawa• Year published: 1991Book title: People and technology in the workplaceCity: Washington D.C.Publisher: National Academy Press• Author: Gary Moulton (G.M)• Year published: 2002Book title: Accessible Technology in Today’s BusinessCity: Redmond, wash,Publisher: Microsoft Press STUDENT NAME: TARIK ABDULAISTUDENT NUMBER: 28026INTERACTIVE LEARNING SKILLS AND COMMUNICATION.ASSESSMENT A.


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