The following data helps us understand that many companies are adopting these new technologies to increase their businesses. It also supposes to improve the productivity and quality of the existing work of human employees. The expectation regarding this growth is to create new tasks from app development, to piloting remote monitoring of patients health and to certified care workers. All of which creates new opportunities for an entirely new range of livelihoods for workers.
However, by 2022 no less than 54% of all employees will require significant re- and upskilling.
Another important requirement is additional training, 9% will require reskilling lasting six to 12 months, while 10% will require additional skills training of more than a year. A considerable improvement will be seen by 2022 which will include analytical thinking and innovation as well as active learning and learning strategies. A noticeable increase will have the technology design and programming highlights the growing demand for diverse forms of tech competency identified by employers.
This infographic indicates, to date, many employers’ upskilling efforts continue to concentrate on a limited set of existing highly-skilled and highly-valued employees. However, in order to formulate a successful workforce strategy for the Fourth Industrial Revolution, businesses will need to recognize human capital investment as an asset rather than a liability. In the end, these statistics help business owners and not only, to make decisions when it comes to adopting technologies.
First, let’s take a glimpse of the following infographic and see how technology adoption can affect the Consumer Industry. A huge share of survey respondents from the industry indicated that, by 2022, their company was “likely” or “very likely” (on a 5-point scale) to have adopted new technology as part of its growth strategy.
Secondly, if we look at the barriers to adoption of new technologies, we can see the five biggest perceived barriers to the implementation of new technologies across the industry, as ranked by the share of survey respondents. The following graphic will show you which were the obstacles that were selected by the surveyed people that were perceived as impediments to successful new technology adoption faced by their company.
Thirdly we have the expected impact of new technology adoption on the workforce. In the following graphic, you can see the percentages representing the share of survey respondents from the industry who expect their company to have adopted the stated measure(s) over the 2018–2022 period as part of their current growth strategy.
Technological advancements are very likely to present real challenges to existing business models and practices. But hopefully, in the next years, these dynamic changes, whether they are disruptive or constructive will be the exact reason why new opportunities for growth develop.