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
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
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
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
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
First is to realise that there will be work in the future, but the
type and style of work will be different...
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
/ AUG / SEP 2016
LIFE BEYOND NUMBERS
Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016
Table of contents
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW Philippe Gelis - Kantox - Fintech and the future of banks
Lost in transformation
Everything has a price – a transfer price
Treasury Survey - an unprecedented picture of treasury activities in Luxembourg
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
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
LIFE BEYOND NUMBERS
Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016