IoT: manufacturing business and the future of employers

Internet of Things represent a strategic aspect for businesses. Its market is constantly growing and can still be improved, consumers using intelligent devices are increasing, so companies have more than one reason to get a better product quality and to assure data’s safety. Especially to ensure an excellent level of competitiveness.
The IoT is already enhancing its industrial production efficiency, saving time in the orders’ processes, reducing costs and the risk of all issues that generally slow down internal activities.

©Techsol

There is still fear that the constant automation of processes may lead to avoid the human presence and that millions of jobs are therefore at risk. But this is not the near future, let’s see why.
According to McKinsey’s analysis, 60% of the total work is automated and so are its functions (at least 30%). Worldwide, 1.2 billion jobs can be replaced — in whole or in part — with commercially available technologies (700 million in India and China). The total of paychecks involved is $ 14.6 trillion. In only five European countries examined — France, Germany, Italy, Spain and the UK — full-time jobs at risk amount to 54 million, equivalent to a monthly salary of 1,700 billion.

These classifications, however, do not include existing but still experimental technologies such as unmanned vehicles or drones for human transport.
In such a context, however, there is a positive side: productivity in industrialized countries is potentially able to grow from 0.8 to 1.4% per year, and it is not a low percentage. In fact, unlike what we can think of, people are not replaceable but reintegrateable.

This implies the birth of new jobs that can be created through automation. More qualified occupations and therefore better paid. Obviously, at the beginning, a settling phase will be inevitable, after which work opportunities will increase exponentially. As a matter of fact, McKinsey says that “in 2065 there will be a jobs’ roles additional number of 1.1 to 2.3 billion. The important thing is that governments realize the extent of change and work with companies in reprogramming workers training.“

As radical changes take place, companies will need a few years to turn into actual Smart factories, but there’s no time to waste. Technological innovations are constantly evolving and automation is in itself a key turning point for productivity.

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