What lies ahead for the top global industries? The year 2020 is expected to usher in a new era of production for the world of work – The Fourth Industrial Revolution, also known as Industry 4.0. 2020 represents the combination of cyber-physical system, the Internet of Things, and the Internet of Systems.
2020 brings about the advancement of robotics, autonomous transport, artificial intelligence (AI), advanced materials and biotechnology. Such development will greatly transform our way of living and our way of work.
So, what will be the future of work?
Technology may not reduce employment but it will still affect jobs.
Jobs that are directly affected by technology will see a replacement of existing tasks by technology, freeing up workers for new tasks. This will lead to a rapidly changing of core skill set demands.
Jobs indirectly affected will require very different skill sets in just a few years, as the ecosystem in which they operate in might change, or risk ceasing of operation due to organization irrelevance.
Skills needed by 2020 and beyond
By 2020, more than a third of desired core skill sets of most occupations will be comprised of skills that are not highly deemed today.
Shifts in desired skills within the next few years aren’t drastic except for creativity; it will become one of the top three skills workers are going to need.
With the avalanche of new products and technologies, workers need to be more creative to benefit from changes. Machines may aid in workers’ productivity but they are still unable to be as creative as humans yet.
Complex problem solving skills will continue to be the top skill employers will look for in their prospects. Social skills like persuasion, emotional intelligence, coaching and guidance will be in higher demand across industries than narrow technical skills like programming or equipment operation and control. In essence, technical skills will need to be supplemented with strong social and collaboration skills.
Source: Future of Jobs Report, World Economic Forum (photo)