Future of Jobs – Fourth Industrial Revolution 2020 Onwards

World Economic Forum met from 20 to 23 Jan, 2016 to discuss about the future of Jobs 2020. 

This fourth industrial revolution will emerge as the field of artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology which was disjointed earlier.

According to that report, the technological drivers of change will be : 

 a) Mobile Internet and cloud technology , b) advances in computing power and data, c) New energy supplies & Technologies ,  d) The internet of things, e) Crowd sourcing – the sharing economy and peer to peer platforms , f) Advanced robotics and autonomous transport, g) Artificial intelligence and machine learning, h) Advanced manufacturing and 3D printing, i) Advanced materials, biotechnology and genomics.

The Demographic and socio economic drivers of change will be :

a)Changing work environments and flexible working arrangements, b) Rise of the middle class in emerging markets, c) Climate change, natural resource constraints and the transition to a greener economy, d) Rising geopolitical volatility, e) New consumer concerns about ethical and privacy issues, f) Longevity and ageing societies, g) Young demographics in emerging market, h) Women’s rising aspirations and economic power,  i) Rapid urbanization

The skill sets are required to perform in this fourth Industrial are Cognitive Abilities,  Systems Skills Complex Problem Solving,  Content Skills,  Process Skills , Social Skills,  Resource Management Skills , Technical Skills &  Physical Abilities in a proportionate manner.

Impacts are seen of above factors and some factors are still waiting for their impact in  creating the future of jobs.

Cognitive Abilities  Includes  Cognitive Flexibility,  Creativity , Logical Reasoning ,  Problem Sensitivity,  Mathematical Reasoning  and Visualization

Physical Abilities includes  Physical Strength and  Manual Dexterity and Precision

Content Skills sums up with  Active Learning , Oral Expression ,  Reading Comprehension ,  Written Expression  and  ICT Literacy

Process Skills includes Active Listening , Critical Thinking,  Monitoring Self and Others

Social Skills requires  Coordinating with Others , Emotional Intelligence , Negotiation ,Persuasion , Service Orientation and  Training and Teaching Others

Systems Skills comprises of  Judgment and Decision-making  and Systems Analysis

Complex Problem Solving Skills requires  Complex Problem Solving techniques.

Resource Management Skills  requires Management of Financial Resources ,  Management of Material Resources , People Management and Time Management

Technical Skills includes  Equipment Maintenance and Repair , Equipment Operation and Control , Programming ,  Quality Control , Technology and User Experience Design  and Troubleshooting.

Are you ready to cope up with Fourth Industrial revolution ?  Realize the potential today to realize your dreams in future.

( Source : WeForun)