Navigating the impact of advancing tech on the future of work

The Fourth Industrial Revolution was already in gear when the pandemic hit, and it shook up our lives and jobs in a big way.

From 2019 to 2021, the number of internet users shot up from 4.1 billion to 4.9 billion worldwide, changing markets and giving us loads of data to work with. This pushed regular businesses to go digital, compete with startups, and let people work from home to stay in the game. But what’s this tech revolution doing to jobs, industries, and how we work? Let’s take a closer look.

Tech and Jobs:

Around 81% of jobs that involve predictable, physical work could be done by machines with the tech we have today. That’s a potential 85 million jobs gone by 2025.

Which Jobs Are at Risk:

Jobs that involve a lot of manual or repetitive work are most in danger. Think about transportation, construction, office jobs, and finance.

New Jobs on the Horizon:

But it’s not all bad news. As tech keeps growing, it’s creating new kinds of jobs. Companies are hunting for folks who understand tech, like data scientists, web developers, and data analysts.

Why Digital Skills Matter:

To grab these new tech jobs, we all need to learn some new tricks. In the past year, demand for digital automation skills in non-tech jobs went up by 125%.

What Businesses Are Doing:

Companies are using tech to make things more efficient, like storing and looking at tons of customer data in the cloud. In fact, 23% of companies are planning to use more automation to stay strong.

Making Things Fair: Companies are also using tech to keep track of how well they’re doing when it comes to diversity, equity, and inclusion. About 70% of companies are planning to use software for this by 2024.

Don’t Forget the People: Getting tech to work right in a company means having a plan that involves everyone. Good communication and training are super important to make sure tech helps, not hinders.

Tech’s Impact on How We Work: Lots of employers (about 73%) think that flexible work is a must to keep and get good workers. And some studies suggest that companies that only make people work in the office could lose up to 2.5% of their staff.

Tech Can Boost Creativity: Not all tech is about taking away jobs. About 33% of employers use tech to make their work processes smoother, and 41% use it to make things better. This can push workers to be more creative and less focused on routine tasks.

Putting People First: After the pandemic, companies are trying harder to make sure their employees feel like they belong. They’re talking more, building communities, and taking care of their staff.

Finding Balance: As tech becomes a bigger part of our work lives, we need both tech skills and people skills. Traits like being able to adapt, showing empathy, and talking well are super important, even in tech jobs. The way forward is a mix of tech smarts and understanding people.

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