We’ll explore AI deeper and why some jobs can’t be replaced by AI in this part 2 of the writing. Examples of these jobs:
- Human Resource Managers
- Sales Managers
- Marketing Managers
- Chief Executives
- Event Planners
- Editors
- Graphic Designers
Some characteristics that suggest why the above 8 jobs are not easy to be replaced by AI:
- Tasks are not standardised and not easy to teach;
- Require interpersonal conflict with the help of non-cognitive and reasoning skills;
- Require high EQ to manage the relationship appropriately;
- Tasks are complex and making automation a challenge to AI;
- It’s nearly impossible to automate leadership at this point;
- Tasks like making plans, coordinate and execute plans are not easy to replicate;
- Quality checks and interpretation for clarity and scan for plagiarism require humans to perform the tasks.
Although there are some AIs taking small parts of the tasks, most of them are still require humans to complete.
How Artificial Intelligence Impact?
Many marketers and sales leaders are now applying AI to high-level generic situations like personalization and selection of content to present to prospects. Another great example is smarter email marketing like knowing when people open emails and using that intelligence to send at those times.”
The AI is likely to supplement the advice, guidance, and recommendations from marketing agencies.
To make better decisions, today consultants help companies know what to do, when to do it and how to do it but soon AI-powered insights and recommendations software will give marketers their to-do list and that list is prioritized based on their specific goals.
Those jobs which require emotional intelligence will be safer in the immediate future as the roles and tasks are hard to replace by AI. It is hard to say whether in the far future will AI able to do well emotional intelligence though. This would mean any kind of job that benefits from these kinds of human attributes is better off done by a human. A computer or robot may assist you in performing efficiently, but for now, you’re the one who adds the expertise on how to perform appropriately.
Although some jobs may change drastically in the near or distant future, the AI will allow humans to spend more time on work they’re passionate about rather than time-consuming tasks.
How to Future-Proof Your Career
At this point, we know that AI become smarter and will take over smaller, more time consuming tasks, it can’t easily replace human emotions and behaviors that customers and audiences identify with. Even today, some customers prefer to talk to human customer service reps over bots when they have a problem.
Moreover, AI is not able to replace the leaders yet, a company might always need a chief executive or managers with strong emotional intelligence or other teamwork-oriented skills.
This goes to AI might not easily replace a creative role or service that requires employees to think outside the box or try something that hasn’t been done yet.
The best way to avoid the robots is to determine the skills and traits that are irreplaceable, improve them, and whenever you can.
For instance, if your job requires a lot of tasks that could be done by a robot, you might want to consider taking on a project that will teach you about management or leadership.
If your company offers professional development, you could also take a course in a more creative skill, like public speaking, writing, or graphic design. This way, if your job shifts, you might easily transition into another role or seem more valuable to a hiring manager due to your unique combination of logistical and creative skills.
To learn more about how you can keep working with AI to improve your work and optimize efficiency, e: care@3cthinktank.com, we will listen to your concerns.
]]>The market conditions have shifted markedly in the past decade – and the key success are likely to be very different again in ten years’ time. How should entreprenuers prepare their companies to grow healthily in a rapidly evolving landscape?
You Need To Have the Five Trump Cards
Card 1: New Skills New Competitions
This world comes with a blurring industry boundaries, shorten product and company lifespans, and disruptive technologies. Things worked in the past won’t work now. The game of business is moving to a new platform, where companies compete on learning, on resilience, on imagination, and on their ability to leverage ecosystems and build bridges between the physical and the digital world.
For instant, traditionally, learning how to make one product or execute one process more efficiently is static and lasting. Active learning is now not only essential, “learning how to learn” via technology is inevitable. The artificial intelligence, sensors, and digital platforms increase the opportunity for learning more effectively—but competing on the rate of learning will become a necessity. The VUCA (volatile, uncertain, complex, ambiguous) business environment require companies to focus more on discovery and adaptation rather than only on forecasting and planning.
Hence, effectively competing on learning will require more than simply plugging AI into today’s processes and structures. Instead, companies will need to pursue a digital agenda that embraces all modes of technology relevant to learning, connect them in integrated learning architectures, and develop business models that are able to create and act on dynamic, personalized customer insights.
Like to understand more about learning and the rest of the four skills?
Send request to 
The SMEs Journey Towards Success Can Never Be Straight
Very few companies can excel at innovation and efficiency at the same time. BCG suggests that just 2% of 2,500 public companies analyzed consistently outperform their peers on both growth and profitability during good and bad times. These “2% companies” are able to renew themselves in large part by driving innovation and efficiency simultaneously. All ambitious companies should, in BCG's opinion, strive to become 2% companies, which are positioned to succeed over time and thrive during both turbulent and nonturbulent periods.
Should the SMEs strive to become that 2% companies? This is similar to asking an athletic whether s/he wanted to become an Olympic champion. The key fact is only the "2%" can make they way to the highest achievement, what happens to the rest then? We, 3C, made a study of 1,000 SMEs that remain active more than 10 years in Singapore. We noticed that 50% SMEs making pretty good income but unable to make a major breakthrough, 40% SMEs are a step to liquidation, 9% SMEs doing fair, and only 1% performing exceptionally well.
Surprisingly, 3C's "1% SMEs" and BCG "2% companies" have many similar traits.
- First and foremost, these companies are excellent at both exploration and exploitation. They continually rethink and revise their strategies and operating models while improving their current products and operations.
- Second, they retain an “outside in” focus even when successful. By bringing outside perspectives in, they avoid succumbing to the risks posed by success and growth, which, although they are positive and desired outcomes, tend to increase organizational complicatedness and push companies toward an internal focus. In a rapidly changing environment, any company with too much of an inward gaze will fail to detect fundamental external market changes.
- Third, the 2% companies embrace necessary disruptions (even if painful). This also implies deprioritizing profitable businesses to bet on future growth areas and build early-mover advantages.
- Finally, they have a clear model for renewal. Renewal models help to manage the inevitable tradeoffs between short- and long-term objectives. They also fit specific business environments and organizational capabilities. For instance, in industries where disruption is imminent but directionally unclear and when go-to-market capabilities are strong, companies can capitalize on innovation from outside by scanning the market for relevant innovations, bringing them in-house, and commercializing them. This allows them to build an early-mover advantage while avoiding the risk of going full steam in the wrong direction.
3C truly understand what the SMEs want to achieve, the business clinic is designed specifically as the CENTRE of 3C Business Success Framework for the SMEs to "keep fit", "go strong", and able to make the compelling "transformation" to achieve that 1% SMEs. The best part of the business clinic is allowing the adopter to remain in 50% SMEs while trying to achieve the 1% status, a rare model that produces All-Wins when apply deligently.
Powerful Yet Simple Ways For Our Current Complex World.
]]>It makes me eager to know what jobs have a higher chance to be replaced by robots and artificial intelligence and what are those with lesser chances. What do you need to do if you are the unlucky one whose role will be replaced by them?
Just like AI predictions, it’s probably not 100% accurate – simply because job titling isn’t always a one-size-fits-all approach. While one type of writer may draft adventurous novels, others might write news stories or blog posts. And while one marketing manager might manage social media marketing, another might manage content.
While this write-up is pretty fun to explore, we strongly recommend making your future career decisions based on expert advice. This will prevent you from unnecessarily panicking when AI could help your career rather than hurt it. And if you’re one of the few jobs in danger, experts can show you which skills will truly future-proof your career.
Why it is so disrupting?
AI is not limited to the assembly lines, think again: AI is doing a better job than humans at some aspects of sales, marketing, and services too.
AI can analyze sales calls far faster than any sales manager could – in fact, it would take nine years of nonstop sales call analysis for a human being to compete, and that’s if they didn’t take vacation or sleep. And AI is already being used to develop marketers’ content strategies and email marketing playbooks – it’s only a matter of time before it plays a bigger role in the process.
When we take a more positive outlook on the future of AI, bots and AI will make us better at our jobs and more secure in our careers, not the other way around. In fact, the same old scenario when PC became popular and everyone seemed to know how to type like the typist, but the new jobs such as programmers created.
AI’s benefits replaced some jobs while others are not easily replaced – they just might be adjusted to account for new technologies “careers”, and some new jobs will be created.
Based on the landmark 2013 study that inspired “Will Robots Take My Job?” we’ve rounded up some of the marketing and sales roles most likely to be replaced by robots, bots, and AI in the next few years.
The 9 levels of intellectual model and 5 activities model analyzes the likely probability that a job will be replaced by automation and computerization – based primarily on the level of routine a job has and the specialized training and social intelligence required to complete it. It’s not an exhaustive list, but it gives you an idea of what your life could look like in a few years.
The above are examples of jobs that can be replaced by AI. It seems that we can’t prevent robots from taking over your job. The affected employees need to make the necessary adjustments to account for new technologies “careers” or change for more popular new jobs created. The companies, on the other hand, should revisit their jobs’ descriptions and study how AI can be applied to keep them competitive.
In part 2 of this series, we will explore examples of jobs that can’t be replaced by AI and deeper discussion on how we react to the impact of AI.
To explore how AI improve your company e: care@3cthinktank.com
]]>Whatever Year of Assessment (YA) it may be, we should start to consider our personal tax strategy early. In Singapore, one of the most expensive cities in the world, financial management can be an important survival tool, and proper tax planning is an integral component of this.
In Singapore, financial management can be an important survival tool, and proper tax planning is an integral component of this for better cash flows positioning.
Should tax planning is exclusively for High Net Worth Individuals (HNWIs) with extensive assets only? As long as you are required to submit tax return, you need to do tax planning. It is worth to note that your personal tax obligations affect your disposable income, and proper tax planning can translate to substantial savings in the long run.
Here are some basic tips to reduce your tax burden. Please note, however, that these are all general in nature. If you have more specific questions and/or concerns, please us to schedule a consultation.
Claim Applicable Tax Reliefs and Rebates
Singapore personal tax rates are progressive, starting at 0% and ending at 22% (YA 2018) for annual incomes exceeding S$320,000. There are a number of reliefs and concessions that will allow you to save on your personal taxes.
Tax reliefs against your assessable income, are given in recognition of your contributions to areas that align with the government’s policies. For instance, certain concessions are available to support parenthood and family formation, caring for aged parents, upgrading professional skills, national service, etc.
Some of the reliefs you can claim include spouse relief, child relief, parent relief, earned income relief, and foreign maid levy relief, among others. All are subject to certain conditions.
Top-up Your CPF (Central Provident Fund)
The CPF Minimum Sum Topping-Up Scheme allows you to claim a tax relief when you top-up your CPF savings. You can also claim the relief if the top-up is made by your employer.
This extends to if you top-up your family members’ retirement account or special account for additional relief, provided that their annual income does not exceed S$4,000 in the preceding year.
For cash top-ups below S$7,000 made by you or your employer, you are entitled to a tax relief equal to the amount of the top-up. For cash top-ups amounting to S$7,000 or more, your tax relief is capped at S$7,000.
For top-ups you make to the CPF of your sibling, spouse, parents or grandparents, you can claim additional relief equal to the amount of cash top-up, capped at S$7,000.
The CPF top-up relief you can make per year is S$14,000 (Maximium).
Contribute to SRS (Supplementary Retirement Scheme)
The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief to be deducted again your chargeable income. Investment returns are tax-free before withdrawal and only 50% of the withdrawals from SRS are taxable at retirement. For Singaporeans and Singapore permanent residents, the maximum contribution allowed is $15300 – YA 2018 per annum, while the cap is $35700 – YA 2018 for foreign Singapore work visa holders.
Voluntary Contribution to Your Medisave Account
Claim a relief for any income earned in the year in which your voluntary MediSave contributions were made. This method helps you to reduce the amount of taxes you have to pay while simultaneously saving up for your healthcare needs.
The amount of relief allowed for voluntary Medisave contributions is limited to the lowest of either of: (1) Voluntary contributions made specifically to the Medisave Account; (2) Annual CPF Limit less the mandatory contribution by you and your employer; or (3) Prevailing Medisave Contribution Ceiling of $48500 ($49800 – YA 2018) less the balance in Medisave Account prior to your voluntary contribution.
Make a Charitable Donation
In Singapore, donations made to any approved Institution of Public Character (IPC) or Qualifying Grant-making Philanthropic Organization are tax-deductible.
In general, you will claim a double tax deduction (i.e. twice the amount of donation) for donations that fall under any of the following categories: (1) cash donations; (2) shares donations; (3) computer donations; (4) artefact donations; (5) public art tax incentive scheme; and (6) land and building donations.
The government will according to economic situation and social benefits to encourage or discourage certain activities to meet national benefits as a whole. Making a charitable donation not only doing a good deed, you also enjoy substantial reduction in your tax obligations. For instance, donations made between 2009 and 2018 that qualify under the double tax deduction criteria will temporarily qualify for 2.5 times tax deduction
Apply for the Not Ordinarily Resident (NOR) Scheme
Enjoy a period of 5 years of assessment (YA) tax benefits if you are qualified under the Not Ordinarily Resident (NOR) scheme.
You must meet both of the following criteria: (1) You were not in Singapore for 3 YAs prior to the year you qualify for the NOR scheme; and (2) You are a tax resident for the YA in which you wish to qualify for the NOR scheme.
Rental Expenses can be Deducted from Rental Income
Rental incomes are taxable, thus the associated expenses are deductible .
Examples of such deductible expenses are: property tax, mortgage interest, fire insurance, maintenance fees to the managing body, or general repairs and maintenance costs. Do the following check:, rental expenses are deductible if they are incurred: (1) solely for the purpose of generating rental income; and (2) during the period of tenancy.
The above are general tips for reducing your Singapore income tax burden. It is always better to plan before the base period ended. If your tax situation is unique, or if your needs are more specific, consider consulting a Singapore tax specialist.
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