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20

September

2017

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Once you stop learning you start dying - Albert Einstein

What if I told you that you will do a job in 10 years that does not even exist today?
What if I told you that you can start learning how to build exactly this self-flying (Yes, you read correctly!) car from your company from next year onwards via online MOOCs?
What if I told you that you cannot fully rely on your education received by the old institutions of university and high school for your work life?
And what if I told you that there is a high chance that you will do a job that does not even exist yet?

Yesterday, Udacity, a major player in the online education industry announced that they will be the first ones offering a Self-Flying car Nanodegree. To put some weight to that claim,  they have hired experts ranging from Nicholas Roy, from MIT’s Department of Aeronautics and Astronautics, Angela Schoellig from the University of Toronto’s Institute for Aerospace Studies and Raff D’Andrea, co-founder of Kiva Systems, which Amazon bought in 2012.

Nowadays, we live in times in which we enjoy the greatest extent of flexibility regarding our education that has ever existed.
This, on the one hand, provides us with great freedom. For the first time in history people can have á la carte education: You like business a bit and technology a bit and you want to be a bit more technologically educated in blockchain or self flying cars? No, Problem, enroll in a MOOC and learn about it.

You rather like startups, but you do not know where to start?
No, Problem, search online and you will find more than enough resources of even high academic quality to get you started ranging from MOOC’s from the most elite universities (edx.org represented and cofounded by Harvard University) to elite venture capitalists (https://www.startupschool.org/ , created and represented by Y-Combinator).

You actually realized that you do not like business and would like to transition to Biology?
No, Problem, enroll in a micromaster course in bioinformatics (“https://www.edx.org/micromasters/bioinformatics)  to receive a micro master degree for a fraction of the cost of the actual university from a prestigious university?
Well you understand the point…

On the other hand, due to this freedom a major part of the responsibility for our education was shifted from the universities and institutions educating us back to ourselves. Employees are increasingly expected to never stop learning and hybrid qualifications are increasingly sought after according to a research by Burning Glass Technologies in Boston.(http://burning-glass.com/research/hybrid-jobs/)
Hybrid educations are no part of the traditional university system and are just a small part of an even more dramatic change.
Companies require for instance, more and more technical skills such as programming skills for even business graduates that were simply not covered in traditional business university programs and as it as new development, universities are on average too slow to react.
In other words, nobody will force you to learn more than what is required at university, not your professor and certainly not your parents as their generation followed a rather stringent career path of university education and almost guaranteed employment, but you are expected to do that simply because of workforce competition.

In short, with this new shift in responsibility not only the individual educational freedom increases dramatically, but also the competitive pressure increases.
This pressure in turn leads the individual to make use of that freedom and foster lifelong education to stay competitive.

Will you increase your chances and learn something new online or are you already set up with a job?
Do you rather embrace the new educational freedom or do you favor the times when universities have shown you the path to follow?

References

edX. (2017). Bioinformatics. [online] Available at: https://www.edx.org/micromasters/bioinformatics [Accessed 20 Sep. 2017].

edX. (2017). edX. [online] Available at: http://www.edx.org [Accessed 20 Sep. 2017].

GENERAL ASSEMBLY & BURNING GLASS TECHNOLOGIES (2015). Blurring Lines. [online] Boston. Available at: http://burning-glass.com/wp-content/uploads/Blurring_Lines_Hybrid_Jobs_Report.pdf [Accessed 20 Sep. 2017].

Roy, N. (2017). Building The Future of Smart Transportation with Flying Cars | Udacity. [online] Udacity.com. Available at: https://blog.udacity.com/2017/09/building-the-future-of-smart-transportation.html [Accessed 20 Sep. 2017].

Startupschool.com. (2017). Startup School. [online] Available at: http://startupschool.com [Accessed 20 Sep. 2017].

The Economist (2017). Lifelong learning is becoming an economic imperative. [online] Available at: https://www.economist.com/news/special-report/21714169-technological-change-demands-stronger-and-more-continuous-connections-between-education [Accessed 20 Sep. 2017].

 

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Gig Economy – Changing the Future of Work

6

October

2016

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It is said that people tend to change jobs several times throughout their working lives. If this is what you are feeling, gig economy might be something you are waiting for.

Gig economy is a situation that temporary jobs are common; organizations give independent workers short-term working contracts. This trend has begun in many counties. A study predicted that, 40% of American workers would become independent contractors by 2020. That’s because in the digital age, the workforce and jobs are increasingly flexible, with less constrains on the working location and working time. As a result, the free workers are able to choose temporary jobs and projects around the world while the employers could select the workers who are most suitable for a specific project from a large talent pool. Companies also benefit from gig economy by saving resources in terms of benefits, office space and training while works are able to achieve work-life balance and choose the job they really like.

At the moment, several software platforms are there, enabling people to find flexible work. For example, any reasonably driver could find a part time job by plugging into Uber or BlaBlaCar. As a designers or computer programmers, ELance and oDesk are the place for you to get short-term assignments. More than a million “manufactures” go to online marketplace Etsy to sell the jewellery, clothing and toys in their free time. Gig economies pop up across many industries, from short-term rentals (Airbnb) to drafting legal contracts (UpCounsel) to housecleaning (Handy).

What kind of effect gig economy will have on future of work? Work provided by digital platforms might varies from high-skilled, high-paid to low-skilled, low-paid. They might be localized or cross borders, vary from developing countries to developed countries. It has potential to create enormous opportunities both for the global workers and employers. At the same time, governments should regulate the industry based on the thoroughly understanding of the new models of work. Responsible platforms will lead to shape new labor markets and design new social contracts.

Source:

http://whatis.techtarget.com/definition/gig-economy

https://www.theguardian.com/commentisfree/2015/jul/26/will-we-get-by-gig-economy

https://www.weforum.org/agenda/2016/06/gig-economy-changing-work/

https://www.wired.com/2016/01/gig-economy-workers/

 

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Business in the skies – how drones can revolutionize the way of doing business

5

October

2016

5/5 (4)

The introduction and popularization of drones has brought new opportunities for companies in a vast number of industries. It is possible that we are witnessing a disruption similar to the one caused by information technology and telecommunications that altered business models of companies and reshaped whole industries.

Drones, or officially, the Unmanned Aerial Vehicles (UAV) are the aerial vehicles that are capable of flying without a human pilot on the board, autonomously or under the remote control. UAVs have been used in military service for some time already and are becoming increasingly popular in the business operations. Drones are currently being tested by Amazon (Amazon PrimeAir) or DHL (Parcelocopter) in companies’ logistic operations.

According to the report Clarity from above published by the PwC in May 2016 the addressable market value of drone powered solutions is estimated at over $127 bn. This is the value of labour and business services that may potentially be replaced by the broad applications of UAVs for business in the nearest future. The affected industries are diverse and range from agriculture to filmmaking. By implementation of the drone technology into their current processes, companies will be able to create new businesses and operating models.

Drones, thanks to the diverse individual characteristics of industries, will be used in many different ways and for various purposes. For example, the transport industry can use UAVs for e-commerce package delivery, fleet management, spare parts delivery or same-day food delivery. The most relevant features of drones for this industry are their speed, accessibility and low operating costs compared with the means of transport that require human labour. The next example is the infrastructure management. Railway, energy and oil and gas companies can use drones effectively for investment monitoring, maintenance and inventory management. Drones may prove to be valuable tools as they are capable of acquiring various data precisely and cost-effectively. What is more, UAVs can replace humans in some hazardous activities, and therefore reduce the number of accidents and increase the overall work safety.

However, there are also factors that may block or make the implementation of drone powered solutions more troublesome and thus slow down the adoption of drones in the business. The first potential barrier are legal regulations. Business entities need clear and transparent rules on how and where drones can be used and how to ensure the safety of drone operations. Another barrier for popularization of drones in business are privacy issues linked to these devices. Data collected by drones may contain private or sensitive information. Clear rules on which information can be collected and stored and how the privacy rights can be defended should be introduced. The last obstacle for popularization of commercial usage of drones is safety. Drone operations have to be supervised and a complex air-traffic management system should be developed in order to eliminate the risk of collisions with other aerial vehicles. Additionally, an auto-fail function, that would prevent the drone from uncontrolled fall to the ground should be included in every UAV.

Drones may bring plentiful of opportunities and benefits to many industries and revolutionize the companies’ operations forever. However, there are also aspects that may make the adoption of drones in the business difficult or impossible. What is your opinion on the future of commercial usage of drones?

 

Sources:

  1. https://www.amazon.com/b?node=8037720011
  2. http://www.thefreedictionary.com/Unmanned+Aerial+Vehicle
  3. http://www.pcworld.com/article/3082649/tech-events-dupe/dhls-parcelcopter-is-automated-drone-delivery-in-action.html
  4. http://www.pwc.pl/en/publikacje/2016/clarity-from-above.html

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