The Future Of The Professions is an in-depth, research backed forecast of what could happen to the industries of healthcare, education, journalism, law, accountancy and architecture as a result of the explosive development of artificial intelligence and workplace automation in the 21st century.
The Future of The Professions Summary
The Future of The Professions is one of the most detailed and rigorous books forecasting the future of work.
Written in an academic style, Susskind and Susskind explains the origins of the professional, the inherent strengths and weaknesses of this concept and the forces shaping the environment as a result of technological progress – suggesting that technology will either massively improve the efficiency of the professions or lead to their wholesale destruction.
Below are some of the key insights from the book.
- There are over 130 professions listed in the UK of which prostitution is the oldest and management consulting is the youngest.
- Healthcare is subject to the forces of big data, artificial intelligence in diagnostics, crowdsourcing, telemedicine and self-administration.
- Education hasn’t changed in centuries but is now opening to MOOCs, free online publishing, video tuition and online instruction.
- Legal services is rapidly transforming with non-traditional actors entering the market and automation of low-level paralegal work.
- Journalism has been utterly reshaped with a digital-only model now the domineering format for traditional publishers and new actors alike.
- Consulting is also changing as internet publishing, outsourcing and automation are integrated into traditional models of charging by the hour.
- Audit and tax work is highly susceptible to automation of routine work and is rapidly integrating powerful algorithms into the day to day workplace.
- General trend patterns are: routinization, automation, innovation, disintermediation, personalisation, online self-help, self-employment and globalization.
- Common objections to change are trust, reliability, expertise and technological unemployment but the overwhelming evidence suggests that technology will reshape all professions and will replace many.