The Business automation revolution is possible, but without a radical change in the social conventions surrounding work, it will not happen. The real dystopia is that fearing the mass unemployment and psychological aimlessness it might bring, we stall the third industrial revolution. Instead, we end up creating millions of low skilled jobs that do not need to exist.
The basic income has its proponents on the right as well as the left, with the former seeing it as a cut-price form of welfare. But its most useful contribution would come as a one-time subsidy for the rapid automation of the economy.
Technology continues to drive the organizational change agenda, but now it’s about making operations smarter and autonomous, defined primarily by the shift from humans consuming data, to machines consuming data and executing on a process.
Farsighted companies are already recognizing the convergence of digital, robotics process automation, analytics, machine learning and artificial intelligence into never before contemplated organizational models that build on the awareness generated by digital, leverage automation through robotics and rethink processing with the help of machine learning and augmented intelligence.