Future of Work is comprised of challenges we need to overcome to reskill existing workforce to outdo machines inefficiency related tasks, focusing on building people-to-people skills and developing a new workforce with skill sets that can fit into job roles which would be created in the future. Efficient planning for future skills development by the government, human resource training by industry, reskilling of existing workforce in high-risk jobs and upskilling of job seekers to stay industry relevant; are all collective actions to be taken by various stakeholders, to prepare ourselves for THE FUTURE OF WORK.
It’s important to learn from the past and prepare ourselves for the future. Here’s a brief overview of the developments in the past that have considerably impacted our lives.
Industrial Revolutions have brought about new changes in world economies, created new world leaders due to the birth of new industries and brought more efficiency into our lives. Jobs have been created and eliminated along the way and job roles have been redefined to suit changing needs. Let’s have a look at the changes we have seen –
1st Industrial Revolution (Circa 1780’s)
With the invention of the steam engine and the rapid rise of small-scale manufacturing industries and transport due to railway networks developed, trade started to bridge markets together and create new demand for products. New jobs were created with a focus on building small-scale factories to cater to growing demand for Iron and textile products, which could be transported by a steam engine powered trains to various new markets. Jobs around areas of sourcing materials and building railway carriages and infrastructure to expand railway lines, were also in demand.
2nd Industrial Revolution (Circa 1910’s)
With the expansion of factories to cater to the requirements of growing industries such as steel, electricity and oil; new jobs focused on machine operation, trade and transportation of goods, started to gain importance. Driven by the ability to generate and transmit electricity, this era saw the rise of mass production in the automotive sector led by Henry Ford and the Model T, and gave birth to new type of jobs as assembly lines in factories brought efficiency in production.
3rd Industrial Revolution (Circa 1970’s)
With the mass production of the silicon chips and the scaling down of electronics and doubling of computational power every 2 years as defined by Moore’s Law, the consumer electronics industry started to attain mainstream adoption. The first mass-produced calculator, the GUI computer and mobile phone are some of the considerable inventions of this era that play a key pivotal role in our lives today.
4th Industrial Revolution (Today)
Physical, Biological and Digital convergence of various technological tools, is pushing us into a new era of the Fourth Industrial Revolution. This time around, the changes we see are faster than in the past. With incredible speed, various 21st-century technological tools are converging to create new breakthrough industries with disruptive change. This will be an era of automation of jobs with repetitive tasks; localized manufacturing through micro-factories powered by 3D printing; personalized medicine and healthcare powered by IoT devices and AI; Mass adoption of Autonomous on-ground and aerial vehicles made possible by powerful neural network Machine Learning algorithms and much more….
There are various Demographic, Socio-Economic as well as Technological Drivers of change which are impacting the Future of Work and Jobs, in the Fourth Industrial Revolution Era. This series will focus on providing you with various industry-specific examples of change, tools to reskill and upskill yourself, interviews from leaders preparing for this change within their organizations and a simplified view of the various industry and government reports on the topic.
Note: This article was taken from LinkedIn, written by Alok Medikepura Anil
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