In five years’ time in five years, more than one-third of the capabilities (35 percent) that are considered to be important in the current workforce will have been redesigned.
2020 by 2020, 2020 the Fourth Industrial Revolution will have given us advanced robotics as well as autonomous transportation Artificial Intelligence, machine learning, as well as advanced technologies, biotechnology, and genomics.
These changes will change our lives, as well as the way we work. Certain jobs will go away while others will increase and even jobs that don’t exist now will be commonplace. It is for certain that the next generation of workers will have to adapt their skills to keep up.
The latest Forum Report, The Future of Jobs, examines the skills, employment, and workforce strategy of the future.
The report included questions to chief human resources and strategy officers from top global companies about what the latest changes mean for skills, employment, and recruitment across different industries and geographical regions.
What are the skills that will be changed the most?
Creativity is expected to be among the three most important skills that workers will require. With the flood of brand new items and innovative methods of working, employees will need to be more creative in order to profit from these advancements.
Robots can assist us in getting to where we’d like to be quicker but they’re not as imaginative as human beings (yet).
While flexibility and negotiation are prominent among the list of competencies in 2015, in 2020 they’ll start to slide down the list of top 10 when machines, working with a lot of data start to make choices for us.
A study conducted in the WEF’s Global Agenda Council on the Future of Software and Society indicates that people are expecting artificial intelligence systems to become part of the board of directors of a company by 2026.
Similar to active listening, which is regarded as to be a fundamental skill today is likely to disappear completely from the list of top 10. Emotional intelligence, which doesn’t figure among the 10 most sought-after skills on today’s list is expected to become one of the most important skills demanded by everyone.
Industry disruption
The way in which the change will take place will be dependent on the business itself. Global entertainment and media as an example have experienced a significant amount of change over the last five years.
The investment and financial services sector is not yet changed. Sales and manufacturing will require new skills, for example, technological literacy.
Certain technological advances are more advanced than other advancements. Mobile internet and cloud technologies are already changing our work habits. AI, 3D printing, and advanced materials are in the beginning stage of usage However, the rate of change is expected to be rapid.
The change will not be waiting for us Business leaders, educators, and even governments must be proactive in educating and retraining individuals so everyone is able to profit from that Fourth Industrial Revolution.
This year’s Annual Conference is scheduled to take place in Davos between 20 and 23 January, with the title “Mastering the Fourth Industrial Revolution”.
