How Technology and Innovation are Impacting Education and the Job Market

Note: Resource Extraction includes mining, agriculture and utilitiesSource: Mckinsey&Company

IN FACT, 60% OF ALL OCCUPATIONS HAVE AT LEAST 30% OF THEIR ACTIVITITIES THAT ARE AUTOMATABLE BASED ON CURRENT TECHNOLOGIES

30%

31%

35%

36%

37%

40%

42%

47%

49%

51%

63%

75%

Manufacturing

Administrative and Government

Educational Services

Healthcare and Social Assistance

Finance and Insurance

Services - Professional and Other

Retail, Trade and Transportation

Arts, Entertainment and Recreation

Construction

Technology, Media and Telecom

Resource Extraction

Accommodation and Food Services

Sector% of Time spent on Activities

that can be automated

Automation Potential by Sector Almost every occupation has a partial automation potential

Could affect 50% of the world economy, or 1.2bn employees,

equivalent to USD 15 trillion in wages

It’s not just low skill, low wage occupations

In the US, these activities make up 51% of activities in the economy

($2.7 trillion in wages)

60% have at least 30% of activities that are automatable

HOWEVER, WHILE TECHNOLOGIES ARE REPLACING SOME JOBS, THEY ARE CREATING NEW WAYS TO GENERATE JOBS

AI analyzes and interprets data faster than humans

Insurance Underwriters & Claims Reps

Robotic bricklayers will replace 2-3 workers each;

A SAM (Semi-Automated Mason) lays 1,200 bricks a day vs. 300-500 that a human can do

Source: Mckinsey&Company

Jobs already being Replaced New Opportunities being Created

Higher productivity and increased efficiencies allowing employees to spend more time on creativity and thinking

Creation of new jobs in IT development, hardware, app creation, etc. In Paris alone, the internet has created 1.2mn new jobs in the past 15 years

Growing role of big data creating an increased need for statisticians and data analysists; a shortfall of 250K data scientists is estimated in the US in the next 10 years

Human centered jobs such as therapists, social workers, teachers, etc. are becoming more appreciated

New forms of entrepreneurial activity accessible to the less-skilled through digital platforms and others

Change in how job-matching sites such as LinkedIn and Monster identify and recruit talent

Financial Analysts

Construction Workers

30% of banking jobs are being lost to AI;

AI is replacing teller jobs at a fraction of the cost

EDUCATION SYSTEMS SHOULD ADAPT TO THE CHANGING NEEDS OF THE JOB MARKET

CREATIVTY

CRITICAL THINKING SKILLS

STEAMEngineering

Science

Technology

Arts

Mathematics

LIFELONGLEARNING CULTURE

BDD Academy aims to develop the skillset of people from all

backgrounds to fulfill the digital jobs of today and tomorrow. It

supports the new generation of educational programs in testing

and developing their curriculum, sourcing participants,

fundraising and scaling.

BDD Academy is an incubator of educational programs.

At BDD, we launched the BDD Academy

… at the intersection of Technology, Design and Leadership

Design

TechnologyLeadership

Our incubated programs target kids, youth and continuous learners

BDD Academy Tracks

THANK YOU!

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