Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016 - (Page 73)

It's a good question and one that increasingly plays on the minds of not only the Millennials, but the Generation Y, X and even Baby Boomers... If you want any evidence of the pace of change, have a look at the "Kids React" series of videos on YouTube where youngsters are presented with technology from the 1980's... The work that we will do in the future will change, and the people that will be affected by it the most will be those of us fortunate enough to live in advanced, western capitalist economies - people just like you sat reading this article in fact... Whilst on the one hand there is a Utopian vision of leisure and freedom from work in the future, there is also the danger of mass unemployment and shifting of wealth to the East on the other... If you are a Bookkeeper now - you will be out of work within the next 5 years, Accountants will be out of work in 10, if you are in Data Processing, you are probably out of work already... Fox News now uses robot writers to generate sports reports and you can download a News-Writing Bot from "Wordsmith" that will write insightful personalised reports using data contained on a spreadsheet... We need to look at the style of work that will flourish and guide our organisations, careers and opportunities accordingly, and to do this we can look at the services and products that will be valued as technology enables jobs to be redesigned... First we had Outsourcing - using third party providers to produce components or deliver services that were not "core" to the company. Then we moved to Offshoring, as business became more data rather than product centric, technology allowed services to be provided by lower paid contractors in different time zones... Now we have "TechSourcing" - where we have the ability to locally replace traditional workers with not only machines (have you been to McDonalds recently...?) but with programmes and applications... The landscape has changed, and rather than the consequences being the transfer of manufacturing capacity to Asia - it will now affect the white collar professionals that so far have been largely immune... - JUL First is to realise that there will be work in the future, but the type and style of work will be different... N°94 At a recent conference, I was asked these questions by a young graduate; at 25 years old she had just completed her MBA and was about to enter the world of work... 2.WHAT CAN BE DONE ABOUT IT...? - 1.HOW WILL TECHNOLOGY AFFECT THE WORK THAT WE DO...? LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE "Will we still have jobs in the future...?" / AUG / SEP 2016 LIFE BEYOND NUMBERS 73

Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016

Cover
Table of contents
EDITORIAL
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW Philippe Gelis - Kantox - Fintech and the future of banks
FOCUS
Lost in transformation
Everything has a price – a transfer price
Treasury Survey - an unprecedented picture of treasury activities in Luxembourg
FORUM
The impact of negative rates on Treasury and Risks Management Systems
Towards reporting harmonisation?
Understanding the Treasury impact of BEPS
Impacts of Single Resolution Mechanism and Bail-in for European Banks
Supply chain? Not concerned?
Collateral management and the Corporate Treasury function.
Efficiently Managing Cross-Border Payments in Turbulent Times
CORPORATE FINANCE
How Mid-Market Companies Can Efficiently Manage Enterprise-wide FX Risk as they Grow
Investing surplus cash in repos
A wind of technology changes in the treasury management world
Invoicing can be fun….?
Comment améliorer la performance des fonds de pension européens
15 MINUTES WITH O2Finance
THE FINANCIAL RISK OBSERVATORY
NEWS
LIFE BEYOND NUMBERS

Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016