The Fourth Industrial Revolution and the integration of new technologies in society and industry are having an unprecedented impact on the world of work. Companies around the world and across all industry sectors are trying to capture the potential for growth and adopt new technologies. 89% of US-based companies are planning to adopt user and entity big data analytics by 2022. 70% want to integrate the internet of things, explore the web and app-enabled markets, and take advantage of machine learning and cloud computing. Even technologies like quantum computing, which is still many years away from commercially viable applications, are generating the interest of business leaders.
Companies are facing a significant global challenge of mismatch between supply and demand of talent with the skills required. More than one-third of US companies believe that skills gaps are similarly large in global labor markets. Data from current job postings across the US, captured by Burning Glass Technologies, is indicative of how companies plan to use these technologies and which roles are increasingly important for their successful integration in companies’ business models.
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Towards a Reskilling Revolution Industry-Led Action for the Future of Work