About the ED Toolbox

The EDToolbox is an easy to use online resource, which explains digital threats and opportunities, illustrating how over 20 disruptive technologies are challenging 400 business categories across 19 Industry sectors (lawyers, canegrowers, chemists, estate agents, designers, printers, travel agents, wholesalers, truck drivers etc), for better and for worse.

The EDToolbox includes a page on each industry sector (19) and a page for each business category (400), showing industry facts and figures, an explanation of disruptive technologies and their impacts, study choices, case studies and video presentations – enough information to understand the challenges thoroughly and help plan a way forwards.

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About the ED Toolbox

The EDToolbox is an easy to use online resource, which explains digital threats and opportunities, illustrating how over 20 disruptive technologies are challenging 400 business categories across 19 Industry sectors (lawyers, canegrowers, chemists, estate agents, designers, printers, travel agents, wholesalers, truck drivers etc), for better and for worse.

The EDToolbox includes a page on each industry sector (19) and a page for each business category (400), showing industry facts and figures, an explanation of disruptive technologies and their impacts, study choices, case studies and video presentations – enough information to understand the challenges thoroughly and help plan a way forwards.

Digital disruption impacts organisations that offer jobs

Jobs don’t exist in a vacuum. It is organisations – corporates, businesses, not-for-profits, government and academic institutions - that provide work, and create and offer jobs. So in many ways the challenge of digital disruption is to the existence and success of businesses and other organisations, not just to jobs.

Organisations seek to become more productive, efficient and profitable and technology offers that possibility. The automation of tasks through the use of software, robotics, machine learning and artificial intelligence is a natural outcome of the digital revolution, eliminating jobs, reducing costs and increasing profitability.

A small business can’t afford to employ extra staff it doesn’t need. Large businesses are driven by shareholder demand for profits and will use software and other technology tools to replace employees to achieve this. So job erosion is a natural consequence of digital disruption.

Of the 400 business categories in the ED Toolbox, 239 are challenged by robotics and 284 by machine learning and AI. Which is a lot. These business categories are where workers are most likely to be replaced.

The process has already begun. 40,000 jobs have disappeared in Australian banks and telecommunications companies over the last few years, with only a few thousand new jobs in IT and data analytics created to replace them. Less than half of all Australian workers now have full time jobs. About 4 million people now work on short-term contracts, are self employed, freelance, part time or temporary workers.

So it is important to understand where the jobs are, what study and training options might help and even to consider creating work through starting a business.

Planning a future that works

The industries Australia has depended on for the last 60 years are all in a state of radical transformation, impacted by the digital revolution, globalisation and the inability of governments worldwide to manage this change effectively. And our education system is still structured for the old world, not the new.

AI, robotisation, IoT, VR, AR, blockchain, holochain, remote sensing, 3D printing, cybersecurity, drones, nanotechnology, big data, cloud services, BIM, cryptocurrency, Identity management, facial recognition, social media, Amazon, eBay, Alibaba, Uber and others are all changing the traditional world of work, and this makes it nearly impossible to plan study, career and work options with confidence.

And even those with apparently secure jobs and experience will be challenged in this new world of work.

So it is important to understand what is causing the disruption and plan study and work choices accordingly.

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