As the world of work and the technology that powers it evolves, the speed of progress is accelerating. The future of work is no longer an abstract concept, but something that is increasingly a reality for people around the globe. New technologies and ideas are creating a workplace that is more efficient, safer, and increasingly digitised. Those who aren’t prepared to innovate now risk being left behind. Ensure that you are a part of this brave new world of work by exploring 5 key trends from the World Economic Forum’s The Future of Jobs Report.
1. The Human vs. Robot Division
Today, the human vs. robot labour division is skewed towards humans. With people taking on around 71% of work task hours across industries. By 2022, this number is set to change significantly with the split becoming more balanced. In just a few years, robots will be responsible for 42% of all work task hours and this number rises to 62% when we look solely at data processing and information searches. Employers have to be prepared to invest in the technology to make this possible in order to keep pace with the competition.
2. The Skills Map is Changing
The shift in how we get work done is driving a similar revolution in skills. Historically important skills, like manual dexterity, memory, and endurance are declining while analytical thinking, active learning, emotional intelligence, and creativity are on the rise. This could have a lasting impact not only on employers and the type of talent they engage with, but for the education system and the ways in which we mould young talent.
3. Learning Will Be for Life
The change in key skills along with waves of evolving technology mean that everyone in work will need to be a lifelong learner. Retraining, workforce planning, and upskilling will be a significant area of focus and investment for organisations in every industry and specialism. Employees will require, on average, 101 days of training to remain effective up to 2022. While skills gaps could prove a critical barrier in reaching organisational goals and growing as a business.
4. Automation and Digitisation Will Impact Sectors in Different Ways
There is no single roadmap for the impact of robots, automation, and digitisation. They are developing and changing different industries in different ways at different paces. So, while aerial robots are changing the way work gets done in oil and gas, humanoid robots are shifting the playing field in the financial and consumer services industries. There are key technologies that are making their impact felt in all areas, such as artificial intelligence, big data, and cloud technology, but understanding the sector-specific influences of technology is vital for every organisation.
5. The Future is Bright
Despite the uncertainty that this digital shift is bringing to our work futures, the outlook is positive. It is true that the ‘robot revolution’ will displace human jobs, with estimates putting the number at around 75 million. However, it will also create many more – 133 million jobs are set to emerge as part of the changing technology landscape. Growing specialisms include: Data Scientists and Analysts, AI and Machine Learning Specialists, and Back End Software and Front End Software Developer jobs.
Our work future is already making waves in every industry. To face it, we must embrace the growing capabilities of technology while recognising the very human skills that remain at the centre of every job. Through continuous learning and a commitment to innovation, we can all grow and succeed, whatever our digital future holds.
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