siliconindia | | April 20198IN MY OPINIONStudents today, globally and within India, are ex-iting senior secondary schools with an expo-sure and understanding of a wide range of tools designed to enhance learning. They engage with both peers and teachers through mobile devices, submit coursework online, and in some cases, prefer to complete a full curriculum of study virtually. As a new `digital genera-tion' of learners - sometimes referred to as millennials or Generation Z - they are discovering in a different fashion than those who came before. In most cases, it behooves them to do so, as the shifting market will require a much more agile workforce.The ripples created from this new generation's arrival, coupled with certain market forces, has changed the way that higher education is con-ducted globally ­ requiring institu-tions to rethink how they will remain current with the evolving demands of both business and students alike. Similarly, the impact that changing technologies have on today's students are not limited to just the classroom. Cascading transformations are oc-curring within business, and the na-ture of work itself is shifting. With this, the shift is felt across all kinds of jobs, industries, organizations, and roles. In 2013, the University of Oxford produced a study that ranked more than 700 occupations and weighed the likelihood that functions within could be automated due to emerging technological replacements (i.e., ro-bots, computer software, and so on). Across this list, roles such as telemar-keters, tax preparers, and even sports officials were identified as having a 99 percent likelihood of becoming automated. Researchers also identi-fied that jobs which were least likely to be impacted were those that re-quired a significant human element. Among those were professions in healthcare and social assistances, as well as educational services, which were given a less than one percent chance for automation.A more recent study conducted in 2017 by McKinsey & Company found that less than five percent of current occupations consist of activi-ties that can be fully automated. But in 60 percent of all occupations, up to one-third of basic activities could ultimately be automated. Globally, activities with a technical aspect that have the potential for automation touch of 1.2 billion employees, of which the largest percentages are ac-counted for by four countries: Japan, India, China, and the U.S. For India itself, the automation potential is 52 percent of more than 452 million em-ployees available. As a result, most occupations are going to change sig-nificantly even if they are not totally automated. Given the scale of that By Tom Robinson (President & CEO) & Elliot Davis (Senior Coordinator - Research), AACSB InternationalRobinson is responsible for the organization's board & global network of staff, members, and volunteers to foster engagement, accelerate innovation, and amplify impact in business education.An alumnus of University of Tampa, Sykes College of Business, Elliot is a part of the team that contributes to the expansion of the association's research portfolio.EMERGING TECHNOLOGIES & THEIR RIPPLE EFFECT ACROSS BUSINESS EDUCATION & BEYONDTom Robinson
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