Over the past few years, academics, policymakers, business executives, and individual workers have debated extensively about the future of work. The conversation surrounds implications for the current workforce, how it can be designed to benefit the global economy, and the young generations studying to enter the future workforce.^[1]

The emergence of Industry 4.0 has provided companies with new technologies to reach a higher level of production efficiency, expand their market base, and compete on new products for a global consumer base. With the transformative potential of Industry 4.0, business leaders worldwide are called upon to formulate and instigate reforms in education and training systems, labor market policies, business approaches to developing skills, employment arrangements, and existing social contracts.^[2] The strategies will help develop an educated workforce ready to meet the challenges of this new digital era of change and innovation.

The latest report from the World Economic Forum (WEF) provides a better understanding of the emerging technologies such as automation and algorithms, to create new high-quality jobs and vastly improve the job quality and productivity of the existing human workforce. An exciting part of the report addresses the changing dynamics of the industry gender and diversity gap.

IndustryX is focused on fostering innovation and acceleration of operation excellence leveraging Industry 4.0 technologies. The future of work sits at the center of our initiative as we transform work, workplace, and the workforce. Sign up for free webinars, newsletters, and articles: www.industryx.org.

For more information, visit the article’s page, Future of Jobs report.

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[1] Balliester, T. and Elsheikhi, A. (2018). “The Future of Work: A Literature Review”, ILO Research Department Working Paper No. 29, International Labor Organization, 2018.

[2] World Economic Forum. (2018, December). The future of jobs report 2018. Geneva: World Economic Forum.