New and exciting jobs are being created and new opportunities opening for those looking for a career.
There is no doubt, however, that these same economies continue to raise concerns and even fear about the future of work and the jobs that will be available.
Which jobs and professions will lose out, is a question that many are trying to find answers to. Will the skill levels necessary to embrace the new technologies, that are taking over our workplaces at such a pace, be in place or will the workforce struggle to keep up? Is more training needed along with more education?
We could also ask whether digital technologies are merely tools in the hands of people? Will they replace some jobs and will they create others?
The CEO of Google, Sundar Pichai believes that AI is one of the most important things humanity is working on, saying it will have a more profound impact than electricity or fire.
Along with the Internet of things (IOT) and technologies such as Blockchain, the future will look very different indeed.
Digital business transformation has been moving fast for some time and it may be that now would be the time to reflect on and consider the deeper implications of these new technologies.
Some believe it is quite challenging to separate fact from fiction when so much excitement and hype surrounding AI and other technologies.
Jobs changed and people did re-skill in previous industrial revolutions. The big difference now is the speed and scale of change, which can render industries, companies and people skills obsolete, faster than ever.
For traditional industries, where the core disciplines of finance, HR, marketing and customer service are led by back office admin and logistics, AI could have one of the biggest impacts.
Based on algorithms, AI has the ability to ‘predict the future’ by being able to monitor customer sentiment and predict future behaviours.
If we do not know what the industries, skills and jobs of the future will be, how do we educate and train executives and young people for the workplace of the future?
Digital transformation is all about enabling people in new ways and so the soft skills that underpin effective leadership and management are still essential, along with the openness to new ideas and ability to learn, whatever impact AI and new technologies have on jobs in the future.
Universities in the UK believe the fastest way to achieve this is through the introduction of new ‘digital electives’ as options for students—such as Big Data Analytics, Digital Marketing Strategy, Information Systems and Digital Strategy, Managing Disruptive Technologies, and the Digital Economy.