Future of Jobs: Skills of the Future
Fourth Industrial Revolution is slowly but surely gaining momentum. We, the ‘Homo sapiens’ will soon be entering into a new kind of partnership with machines, some term it as emergence of cyber-physical-systems. Certainly, it should make life a little easier, better and even more productive. But for some of us, that might not happen as our jobs and our livelihoods may vanish as a result of collateral damage. A raging storm of business model disruption in most industries is gathering more force which may eventually lead to a metamorphosis of job markets. As evidenced by rapid developments in artificial intelligence, robotics, virtual reality, nanotechnology, additive manufacturing and biotechnology, the winds of change are indeed blowing hard. Earlier disjointed, these cutting-edge technologies are all converging to create an all together different world.
A world where the patterns of consumption, production and employment are going to be markedly different. Most jobs are experiencing a fundamental transformation. While some jobs are at the cusp of redundancy and others are growing rapidly, existing jobs are also going through a change which will require different skills sets to continue in them. In most of mundane and repetitive areas, a new generation of automated systems will replace humans. The smart machines will also become our collaborators in more complex areas, thereby augmenting our own skills and abilities. Smart machines will also establish new expectations and standards of performance.
Over the next decade, as it is predicted, new smart machines will permeate into offices, factories, and homes and become ubiquitous the same way electricity has become in our lives today. As these machines replace humans in some tasks, and augment them in others, their long term impact may be less obvious. The question remains is what would human ingenuity now bring about?
Framework for Understanding the Future of Work
The Forces of Change impacting the Future of Jobs
As described earlier, the set of forces that are majorly impacting the future of jobs can be classified in three groups:
Forces of Changes in Technological Spectrum
Advances in computing power and Big Data: The power of crunching huge amounts of data using immense computing power which is available today develops ability to discern patterns that can both supplement and supplant human beings.
Internet of Things: The use of remote sensors, communications, and processing power in industrial equipment and everyday objects will give rise to what is being called ‘cyber physical systems’ where powers of machine and human beings intertwine to create force multiplier.
Advances in Robotics: One of the manifestations is that robots with enhanced senses, dexterity, and intelligence can be more useful than human workers in manufacturing, as well as in a growing number of service jobs, such as cleaning and maintenance. Further, with development of autonomous vehicles, whole set of jobs related to motor industry will get transformed.
Advances in Artificial Intelligence: The developments in AI, including machine learning, and natural user interfaces are making it possible to develop ‘chatbots’ that can potentially replace knowledge workers.
Advances in 3D Printing: A range of technological advances in additive manufacturing technology is transforming the whole manufacturing industry. This leads to rapid prototyping and on-demand customized manufacturing in low volumes.
Forces of Change in Demographics
Longevity and ageing societies: The composition of the global workforce is changed by shifts in demographics. Largely, in developed countries, people are living longer than ever. As a result, the population is becoming both older and younger, with individual nations becoming more diverse. This implies that jobs of the future would have to cater to both ends of the population spectrum.
Young demographics in emerging markets: The younger generations are largely concentrated in developing economies. As, many parts of the developing world are experiencing rapid population growth and face a very different demographic challenge than advanced economies. Many emerging countries continue to scale up the skills sets and provide high-quality education. This creates a tectonic shift in the global distribution of talent.
Forces of Change in Work environments and Flexible Working arrangements
Due to global shift in talent pool, both institutions and prospective workers now have access to global markets. Remote working, co-working spaces and web-conferencing are a few innovative value additions enabled by networks and platforms opening up new possibilities for the way each interacts with the other. This opens up opportunities for creative work done by smaller organizations with linkages to external consultants and freelance workers spread across geographies.
Skills Needed for Future Jobs
Sense Making: With the advances in technology, a lot of routine and mundane manufacturing and service job could be taken over by smart machines. However, there would be higher order jobs which require thinking skills, which could not be translated to a machine code. Such skills are generally called as ‘sense-making skills’. These are the abilities that human develop to create unique insights, that are critical to decision making tasks.
Social Intelligence: The social intelligence is the ability that humans have which enable them to quickly understand the emotions of people around them and based on that moderate the tonality of speech and the body language. This is important for humans to create relationships of trusts which are important for collaborative working. The skill that is difficult to build in robots and other smart machines is the intuitive ability to feel the emotions of others around. This will continue to give human workers an advantage over machines. Therefore, social intelligence is something that should be assiduously cultivated.
Novel and Adaptive Thinking: Jobs of the future would require the ability of being able to adapt as per the situation demands. This ability means, say in context of discovering a new drug, creation of a new synthesis route from the existing bio-chemical reagents. This is what is termed as novel and adaptive thinking. This ability again creates employability of humans in the higher order jobs.
Cross-Cultural Competency: Tomorrows’ organizations would not only operate in a globally connected fashion, but also have diversity as their core competency. This implies that people must have skills to not only be able to operate in different geographies, but also with people of diverse backgrounds — age, skills, disciplines, and working styles. This is what it means to have cross-cultural competencies.
Computational Thinking: With the advent of Big Data and Analytics, the next generation of human workers must develop computational thinking ability. This ability implies how to make sense of the huge amount of data and its analysis to bring out models that guide the decision making process.
New-Media Literacy: Our social life is dominated by user generated content which is visually rich. Therefore, the ability to fluently understand the rich media content such as videos, animations would be a key skill per se. The ability to use and understand immersive and visually stimulating presentation of information would be a key aspect.
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