Digital Technology and the Greater Good – Business Intelligence Info

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2月 14 2020

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AdamSmithwroteabouttheconceptofrationalself-interest,whichpositsweworktogetherforthegreatergoodwhenitbenefitsourselves。

Doesthisconcepthaverelevanceinthecontextofrobots,automationandemployment?

Ithinkitdoes。

Ibelievemostofuswouldagreethatreplacinglargenumbersofhumanswithmachinesthatresultinwidescaleunemploymentandsufferingisnotinourrationalself-interest。

HavingmassivenumbersofjobsterminatedbytheTerminatordoesnotresultinasafer,healthiercivilizationorvibranteconomy;therefore,itisnotinourbestinterest。

Justbecausesomethingispossible,doesnotmeanitisgood。

Apowerfulkingthattakesallthefood,propertyandmeansofproductionawayfromhispeopleresultingintheirsuffering,quicklybecomesatargetoftheirwrath,andonaquickpathtopoverty。

Businessesthatreplacehumanworkerswithmachinesandsoftware,outofself-interest,willovertimefinditincreasinglydifficulttoselltheirproductstotheirunemployedorunderemployedconsumers。

Atwhatpointdobusinessesseektoexpandemploymentopportunitiesoutofarationalself-interestratherthandecreasethemthroughautomation?

Isitarealisticoptionforprofitmaximizingbusinessestoseekthegreatergood?

Intheshort-term,factorieshopetobenefitfromautomationfasterthantheircompetitioninordertogainadvantages,whiletherearestillsufficientnumbersofconsumersemployedelsewheretoprovideamarketfortheirgoods。

Inthemid-term,entireindustrieswillautomateandterminatelargenumbersofjobs,buthopeother,slower-to-automateindustrieswillemploytheirconsumerbase。

Inthelong-term,however,whendigitaltransformationhassweptthroughallindustries,whoislefttoemploytheconsumersandprovidethemlivingwages,andwhoisleftwithcapitaltobuygoods?

Asjobsthatrequirelittletrainingoreducationdiminishinnumbers,wehavetwochoices,1)Increaseeducationlevelstoequipourpopulationforthedigitalfuture,or2)subsidizetheunemployedandunderemployedwithasufficientincometosurviveandmaintaintheirdignity。

Iftherearestillnotenoughjobsforthosethatworkhardtoincreasetheirlevelofeducation,thenwearereducedtoonechoice。

Thereareplentyofproblemsleftonthisplanettobesolved。

Solvingtheseproblemscouldemploymany。

Today,however,notalloftheseproblemshaveeconomicvaluesassignedtothem。

Freshwatersources,cleanair,forestation,peace,betterhealth,bettereducation,etc。

allofthesehavethepotentialtogenerateenormouseconomicbenefits,buttheyneedsocietytoplaceavalueonthemandrewardinnovationsandemploymentintheseareas。

Avibranteconomy,andasafeandsecuresocietydependonhealthyemploymentnumbers,adequatewages,propertyownershipandrights,hope,peaceandpurpose。

Digitaltransformationmustfosterthesegoals,orrisksacceleratingabreakdowninoursocietyandeconomy–twothingsthatcandampenaNewYear’scelebration。

FollowKevinBenedictonTwitter@krbenedict,orreadmoreofhisarticlesondigitaltransformationstrategieshere:

VideoReport:40MonthsofHyper-DigitalTransformation

Report:40MonthsofHyper-DigitalTransformation

VirtualMovestoRealinwithSensorsandDigitalTransformation

TechnologyMustDisappearin2017

MergingHumanswithAIandMachineLearningSystems

InDefenseoftheHumanExperienceinaDigitalWorld

ProfitsthatKillintheAgeofDigitalTransformation

CompetinginFutureTimeandDigitalTransformation

DigitalHopeandRedemptionintheDigitalAge

DigitalTransformationandtheRoleofFaster

DigitalTransformationandtheLawofThermodynamics

JettisontheHeavyBaggageandDigitallyTransform

DigitalTransformationTheDarkSide

BusinessisNotasUsualinDigitalTransformation

15RulesforWinninginDigitalTransformation

TheEndGoalofDigitalTransformation

DigitalTransformationandtheIgnorancePenalty

SurvivingtheThreeAgesofDigitalTransformation

TheAdvantagesofanAdvantageinDigitalTransformation

FromDigitaltoHyper-Transformation

Believers,Non-BelieversandDigitalTransformation

ForcesDrivingtheDigitalTransformationEra

DigitalTransformationRequiresAgilityandEnergyMeasurement

ADoctrineforDigitalTransformationisRequired

DigitalTransformationandItsRoleinMobilityandCompetition

DigitalTransformationARevolutioninPrecisionThroughIoT,AnalyticsandMobility

CompetinginDigitalTransformationandMobility

AmbiguityandDigitalTransformation

DigitalTransformationandMobilityMacro-ForcesandTiming

MobileandIoTTechnologiesareInsidetheCurveofHumanTime

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KevinBenedict

SeniorAnalyst,CenterfortheFutureofWork,Cognizant

ViewmyprofileonLinkedIn

FollowmeonTwitter@krbenedict

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***FullDisclosure:Thesearemypersonalopinions。

Nocompanyissillyenoughtoclaimthem。

Iamamobilityanddigitaltransformationanalyst,consultantandwriter。

Iworkwithandhaveworkedwithmanyofthecompaniesmentionedinmyarticles。

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