The Digital Era: Skills on Demand in the Fourth Industrial Revolution

June 22, 20178:38 am2586 views

It has been widely reported that the fourth industrial revolution could lead to many jobs being replaced by robots or AI. However, in industries and sectors such as digital technology the opposite could be true, according to recruiting experts Hays.

The advancement of technology continues to change and shape the world we live in, this has led to questions about the possible implications for employees as some roles look to be affected by the automation of the workforce.

However, as new technologies continue to emerge and change the way we work, many new and exciting opportunities could be created for those with digital tech skills as some roles within the sector evolve too.

Simon Lance, Managing Director of Hays in China says, “With each new industrial revolution we have seen a shift in the types of jobs within the affected sectors. While we can expect some roles to become extinct, demand will be created for newer roles essential to the running of the new technology. Those with digital technology skills will be in high demand and could reap the rewards.”

Here are some of the potential implications of the fourth industrial revolution on the digital recruitment sector: 

  1. Developers who understand AI will be in high demand

“Businesses will need developers who are not only capable of the technical aspects of the job, but developers who are able to spot the wider business opportunities too. So the candidates in greatest demand will be those, who are able to tailor AI applications to enhance companies and optimise business processes.”

  1. Increasing need for digital project team members

“Team members, such as product owners/managers, channel managers and other similarly highly skilled talent will also find themselves in high demand. The delivery methods for AI-based projects more than likely continue to be Agile, increasing demand for those with the right experience.”

  1. Increased use of AI and automation in the technology industry

“The tech industry is already realising the benefits of AI and automation, especially those operating within areas such as IoT, big data or FinTech. This again is resulting in increased demand for those candidates with experience of these technologies.”

See: Are Organisations Prepared to Manage Digital Disruption?

  1. Heavy reliance on the tech industry to provide business-ready solutions

“Companies looking to improve efficiency through AI or machine learning will need the tech industry to deliver the right solutions quickly and efficiently. This will present those in development with a great opportunity.”

  1. The challenge of finding and keeping top talent

“In this skill-short market, companies are already experiencing difficulties in attracting and retaining top talent. Much more will need to be done to attract future generations and ensure there is a talent pipeline for the future.”

  1. New industries will be born

“There are many jobs in existence today that didn’t exist ten or even five years ago. With the continued advancement of technology we must be prepared for new roles, even industries, to be created and ensure we have the talent with the necessary skills.”

  1. Cybersecurity will be a major focus

“As the workplace becomes more and more digitalised, companies will need to make sure their cybersecurity stands up to any potential attacks. So having the necessary skills and experience in place is a must for any business.”

  1. Increased recruitment by start-ups

“Any start-up experiencing exponential growth will need a highly skilled workforce. They will need to recruit them quickly as the start-ups look to capitalise on their growth. This will be good news for contractors, whose flexibility will be attractive.”

Simon concludes, “It’s important that businesses keep up with the demand that the fourth industrial revolution will bring and that it doesn’t leave any negative impact on the current workforce. This means upskilling current employees and looking at potential regulations to safeguard workers.”

Also read: MCI Unveils Strategies to Deepen Digital Capabilities of Singaporeans

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