10 jobs that will disappear in the next 10 years
25 million jobs will disappear in the next 10 years. Boring and repetitive jobs will be taken over by algorithms. Automation & Artificial Intelligence will greatly impact your current job.
A recent research done at Oxford University shows that 47% of the jobs today will disappear in 10 years, with some of them being completely automated or at least upgraded to a point where only a fraction of the workforce is needed.
Digital Transformation is not just disrupting business models - 25 million jobs will disappear in the next 10 years.
In pursuit of efficiency and profitability, companies are automating various processes and systems. Factories that used to employ 1000 people in their assembly lines have now replaced 80% of their floor workers with robots.
In the financial sector today, fewer people are making trips to the banking hall, they are reverting to mobile & online banking to make payments and check their account balances. Other sectors are also getting affected in similar ways.
Automation & Artificial Intelligence will greatly impact the way you plan for your future. The environment is changing, and your current job will radically change going forward. If you are working in one of the industries mentioned below, it may be a smart call for you to start looking for alternatives.
Taxi drivers, bus drivers, truck drivers, Uber drivers, and delivery drivers are all on verge of complete automation. Autonomous cars are already here and will become ubiquitous in the next 10 years. Self-driving cars don’t need rest or leave and are attentive to road 24/7.
The technology is already here to manage a fleet of autonomous trucks. The German government recently passed legislation to support autonomous car manufacturers to fast track production and testing. The next generation of Tesla cars will be autonomous.
Getting the technology right will only take the likes of Tesla another two years and then another three more years to get the governments of the first world countries to approve these cars on the road. All major car manufacturers are converging on electric and self-driving cars.
In a few years’ time, riding a car will be like riding an elevator – you simply press a button and the car will take you to your destination.
Small Scale Farmers
Remember when everyone was working the fields during the Agrarian revolution? That changed in a very big way with the advent of the Industrial revolution. Farming used to be human-labor intensive 300 years ago.
In the last 100 years, commercial farming has mechanized farming in a big way. Much of the farming process has already been automated on a commercial level. Combined harvesters work the land, satellites map the farm, and drones are used to spray herbicides and manage weeds.
Heavy machines on the ground are being controlled remotely by a small team of experts from inside their offices. Drones measure and inspect the farms from above the ground. Soils are now being treated before harvest time and seeds are already weed resistant.
Specialized hardware is now being employed to harvest and these heavy-duty machines are ultra-efficient and can cover acres and acres of land in a very short span of time.
No one goes to the bank to socialize. We use mobile apps today to check our bank balances, make payments, request for loans, pay salaries etc. If you need to withdraw money, you visit the ATM.
Some banks have gone a step further and allowed new members to open new accounts online without stepping a foot in the banking hall. If they need to see you in person, a video call will suffice.
Accountants & Lawyers
Boring and repetitive jobs will be taken over by algorithms. What an accountant and a lawyer does today is to sort through raw data and organize it. This is something that software can do easily, efficiently, and cheaply. If it's repetitive it will be automated.
It’s a question of time before engineers develop an AI that will sort your accounting needs and file your taxes.
Printers & Publishers
Traditional media has been staring at their grave for almost a decade now. The number of people that buy newspapers today is dwindling. Sales will continue to fall with each passing year. Most of us today receive our news via social media.
News travels fast on social media. When something happens at one corner of town, those on social media will receive that news first and there will be nothing for print media to report the following day. Traditional magazines are hanging onto their legacy business desperately.
Those who have not transitioned to digital formats will soon be out of business. Strong brands still on print formats will not be here for too long. Information in this digital era is virtually free which makes it very hard to transition to digital and successfully implement a paywall for readers. Their entire business model has to change and digital has to be front and center in the new paradigm.
Online content is now democratized, and traditional media brands are trying to find their place online
Cashiers & In-store sales people
Self-checkout stations are becoming part of every store. The technology making them work is improving with every iteration. Soon these stations will replace in-store workers and cashiers in supermarkets, banks, etc.
Amazon is already piloting a self-checkout concept called Amazon Go with no human workers involved. You simply walk in, pick what you want, and leave the store. Sensors installed in various areas of the store detect what you have picked off the shelves and then charge your credit card when you exit the store. The future of shopping is here.
Today, we use apps and online platforms to find the best deals and book flights. Very few people are calling travel agents to book their air & hotel tickets. AirBnB is disrupting the hotel business as we know it today.
There is really no need for agents to book hotel and air tickets for us today. Soon we will be able to use voice activation apps, like Siri or Alexa, to book hotels and purchase tickets.
During the industrial revolution, field workers moved to work in factories pushing out products across the assembly lines and building the machines that have come to make most of work easier.
As technology advanced, these very workers started building machines that build other machines. At the pinnacle of this, machines are now replacing humans. Machines are now building other machines.
100 years ago, humans were involved in putting together every single component of the automobile. Today, robots have taken over 85% of the car assembly lines.
The role of the dispatcher is to coordinate field operators, so all aspects of operations run smoothly. There are dispatchers in courier services, in the police force, airports, firefighters, ambulances, etc.
Modern algorithms have been tested and proven to perform 10 times better than humans in the dispatch space. Not so long ago, we would pick our phones, and call our favorite taxi driver. Today we hail a cab using the Uber app from the comfort of our homes or offices. This is just one example of an algorithm that is disrupting jobs in the taxi business.
How long till someone figures out an algorithm that will disrupt dispatchers?
Military Pilots & Soldiers
100 years ago, wars were decided based on who had the most troops. Today, technology plays a key role in deciding who wins a war. Smart weapons are efficient and accurate.
Drones can hit a target more accurately than a human behind a fighter jet with the least casualty, without endangering the life of the pilot who is on the other side of the world.
If what you do is repetitive, it will soon be automated.
The job environment is changing. Your current job will radically change going forward. If you are working in one of the industries mentioned above, it may be a smart call for you to start looking for alternatives.