With more advancement in technology, the future looks bright for the combined forces of Robotics, Artificial Intelligence and Virtual Reality.
Each technology is a blockbuster and has more benefits to the human race, but is the human race excited over adopting these technologies or worried about the future.
Driver less cars may be efficient than human beings however it will replace the drivers, it is similar with the delivery boys when they are replaced by drones.
When the robots replace the chefs in the kitchen we will get good food but we will miss an important part of our society.
Personal physician - a piece of software will know your body and mind including your allergies, far better than a doctor can understand and the bots and gadgets in and over our body will act as our personal doctors.
Humans will be the recipient of some fine service when bots start teaching, account, farm, write and do many more activities.
Virtual reality is already providing us with experiences that amaze us. In future, surgeons would be able to dissect a human body virtually, and learn medicine from a virtual doctor. Organisations will give their customers a real feel of the products to come, thereby reducing the time and cost of prototypes and proof-of-concepts.
The future of augmented reality moves from entertainment and gaming to real business activities - selling and buying products and services.
Artificial Intelligence – which envelopes Business Analytics and Business Intelligence, is expected to do real time forecasting, planning, scheduling of production and delivery activities, and optimise the sequence to suit business expectations. These are roles done at lower to middle-management levels.
At top management level, good performance is expected at all times. The pressure to perform at any cost would start weighing on top executives and they need to be seen as being responsive to changing environments.
One of the major skills at that level is being subjective and reading the future through gut and instincts. The more it becomes data backed decisions, the more the case is set for future technologies to start taking decisions, by-passing the human instinct. That would cause a lot of concern, should it happen.
Employment opportunities in future will be adversely impacted. In all the previous eras where automation had displaced human beings from performing certain kinds of jobs, there was a visibility into the kind of jobs that would be done in future. Towards that, there was hope, and the world believed that with better re-skilling, job opportunities would emerge.
However the scenario has changed now, the skill and knowledge are both getting replaced almost simultaneously. Likewise, as decision-making veers towards fact-based, machines would find it more suitable. Instincts are an important aspect of decision making and there needs to be a case for preserving that in the corporate world.
It is good tactic to avoid failure, but not providing for failure will kill progress. We have developed so far only because of our failures.
Failures have taught better lessons than any other experience ever has. Failures have given newer perspectives and allowed for innovation. The opportunity to innovate is a human instinct, and when we allow that to flourish, all forms of automation will remain subservient to human beings.