Data Privacy Day (Cue The Parade)!

Data Privacy Day (Cue The Parade)!

Data Privacy Day On Sunday, January 28, the United States, Canada, India and 47 European countries will celebrate Data Privacy Day, an international day established to raise awareness of the importance of data protection and to promote privacy and data protection practices. But did you
David

Egress Fees Don’t Work for Users – Unlimited Free Egress Is Here

Unlimited Free Egress All of the leading object storage vendors – Amazon, Google, and Microsoft – charge for egress (“egress” means retrieving data from storage). Even my company, Wasabi, originally charged for egress.  After taking a closer look at the bigger picture, however, I’ve come

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Top Security and IT Priorities To Pay Close Attention To

Top Security and IT Priorities To Pay Close Attention To

Top Security Priorities By 2019, cybercrime is expected to cost businesses over $2.1 trillion globally according to Juniper Research. Needless ...
A Smart Data Approach to Assurance in a Hybrid Cloud Environment

A Smart Data Approach to Assurance in a Hybrid Cloud Environment

Smart Data Microsoft and Amazon both reported significant growth in their cloud businesses recently. Revenue for Microsoft’s Azure increased by ...
Protect Against Network Failures

Five Things Organizations Can Do To Protect Against Network Failures

Protect Against Network Failures It is no surprise that whenever there is an outage in a public or private cloud, ...
Istio 1.0: Making It Easier To Develop and Deploy Microservices

Istio 1.0: Making It Easier To Develop and Deploy Microservices

With the recent availability of Istio 1.0 it is not surprising that it continues to capture much attention from the ...
Machine Learning Explained: Understanding Supervised, Unsupervised, and Reinforcement Learning

Machine Learning Explained: Understanding Supervised, Unsupervised, and Reinforcement Learning

Machine Learning Explained Once we start delving into the concepts behind Artificial Intelligence (AI) and Machine Learning (ML), we come ...
The Security Gap: What Is Your Core Strength?

The Security Gap: What Is Your Core Strength?

The Security Gap You’re out of your mind if you think blocking access to file sharing services is filling a ...
How IoT and OT collaborate to usher in the data-driven factory of the future

How IoT and OT collaborate to usher in the data-driven factory of the future

The Data-driven Factory The next BriefingsDirect Internet of Things (IoT) technology trends interview explores how innovation is impacting modern factories and supply chains ...
The Lighter Side Of The Cloud - Wearable Infection
The Outsourcing Market Leaders

Employment Trends: Cloud Technology Leads The Way

Employment Trends: Cloud Technology

World Economic Forum’s Future of Jobs report, developed in collaboration with the Global Agenda Council, uses the dataset of a survey of CHROs and other senior talent and strategy executives examining 371 leading global employers that represent over 13 million employees. It predicts that the rapidly evolving employment landscape will force businesses, governments and individuals to anticipate and prepare for future skill requirements, and studies the drivers of change, employment trends, and emerging skills in order to propose future workforce strategies and recommendations.

Driving Change

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The study finds that the majority of respondents believe urgent adaptive action is required to address drivers that they predict will occur within the next five years. The changing nature and flexibility of work tops the list of demographic and socio-economic drivers of change, while mobile internet, cloud technology, processing power, and big data are considered fundamental technological change drivers. On average, those surveyed believe the impacts of mobile internet and cloud technology, Big Data, and crowdsourcing are already being felt, and consider IoT, 3D printing, and concerns about ethical and privacy issues to impact from 2015 to 2017. Advanced robotics, artificial intelligence, and advanced materials are deemed to be just around the corner, with respondents predicting impacts to industries and business models in these areas will be felt from 2018 to 2020.

Employment Trends

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Current trends across the surveyed countries may lead to 5.1 million jobs lost due to disruptive labor market changes between 2015 and 2020, as 7.1 million jobs generally concentrated in routine white collar office functions such as administrative and office roles are lost, and 2 million jobs are created in the architectural, engineering, computer, and mathematical fields. It’s likely new and emerging roles will become critically important, and both data analysts and specialized sales representatives were consistently pointed to across all industries and areas. Across in-demand job families, it’s likely that recruitment will become even more difficult than it already is, and organizations are going to have to find efficient ways of ensuring reliable talent sourcing.

Skill Challenges

The Future of Jobs report further notes reduced shelf-life of employees’ existing skill sets, and technological disruptions are likely to quickly enhance this challenge.

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It’s estimated that by 2020 more than a third of required core skill sets of most occupations will consist of skills not considered crucial today, and strong social skills such as emotional intelligence and collaboration attitudes will have to supplement technical skills. Workers in lower skilled roles are likely to face redundancy without significant reskilling and upskilling.

Workforce Strategies and Recommended Actions

With business leaders slow to act on these looming challenges to date, most of those surveyed prioritize future workforce planning reasonably or very highly. Approximately two-thirds of respondents intend to invest in reskilling current employees while some promising possibilities such as making better use of the experience of older employees and building an ageless workforce seem to be underutilized.

The report details four areas requiring immediate focus: Reinventing the HR Functions; Making Use of Data Analytics; Talent Diversity; and Leveraging Flexible Working Arrangements and Online Talent Platforms, as well as three areas for longer term focus: Rethinking Education Systems; Incentivizing Lifelong Learning; and Cross-Industry and Public-Private Collaborations. Government policies and reforms will need to complement these strategies, and organizations and individuals need to become involved in the management and direction of these disruptive changes that are likely to entirely reinvent our economies.

By Jennifer Klostermann

Jennifer Klostermann

Jennifer Klostermann is an experienced writer with a Bachelor of Arts degree majoring in writing and performance arts. She has studied further in both the design and mechanical engineering fields, and worked in a variety of areas including market research, business and IT management, and engineering. An avid technophile, Jen is intrigued by all the latest innovations and trending advances, and is happiest immersed in technology.

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