The year 2022 was all about waking up to new realities and maintaining a balance between the old and the new. New developments have occurred in all sectors, including education and employment. Mobile technology, cloud services and augmented reality tools are making waves in the economy and their impact on the global job landscape is inevitable. The value of the global education technology market is expected to grow to nearly $230 billion in the next few years. And now as we head into 2023, we expect these global trends to give a whole new meaning to education and, by extension, the job market.
Digitization and immersive technologies
The job market around the world has witnessed an intensification of digitization. With the boost to remote working and a blended workforce caused by the pandemic, the job landscape has been impacted by rapid automation and adoption of new technologies. Immersive technologies such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) provide an integrated ecosystem for interacting with employees and creating new processes. VR provides the workforce of the future with a virtual workspace to enjoy a hands-on experience even before taking a job. Moreover, immersive technologies offer practical application of concepts in real time, which is why these technologies will be crucial in helping job aspirants develop important future skills and prepare for sustainable careers.
Although some experts consider artificial intelligence (AI) a catalyst for replacing many existing jobs, some also acknowledge the potential to create millions of jobs for future generations. AI affects various sectors of employment – from recruitment, logistics, sales, manufacturing, customer relationship management, to creative jobs such as design and writing. With artificial intelligence expected as a global career trend in the near future, students should be encouraged to explore careers in this field.
Fifth generation network
The world has been preparing for the 5G generation to go mainstream for a long time. 5G offers seamless coverage, low latency, and highly reliable communication systems but that’s not all. The integration of 5G technology is expected to take the Indian IT industry to great heights. By 2035, 5G is expected to have a cumulative economic impact of $1 trillion and increase GDP by $150 billion. According to research, there will be 125 billion connected devices on the planet in 2030 compared to 27 billion in 2017. It is expected that most IT companies will handle the technology and employ personnel equipped with 5G skills. skills involved The demand for network architecture, machine learning systems, big data analytics, and IOT (Internet of Things) is sure to increase in the coming years.
Another career direction that will top the charts is cloud computing. It has opened huge possibilities for organizations as they use cloud computing services in their daily performance. Initially, its mainstream adoption was somewhat slower due to a lack of knowledge and fear of job loss among the IT workforce. However, the pace has picked up in recent years. Cloud computing has made it possible to create virtual offices with the ability to connect anytime and anywhere. Cloud-driven 5G enables business leaders to be more aware of real-time business needs.
As the world harnesses the use of technologies to enable practical, technical, and task-based capabilities, soft skills are becoming just as important. The importance of soft skills in contemporary culture has been recognized to include critical thinking, problem solving, creativity, emotional intelligence, teamwork, and flexibility, among others. Business leaders and recruiting agencies will be looking for potential employees who demonstrate a good balance between technical and soft skills.
Refine and refine skills
Cross-functional and blended careers are expected to be one of the most important global occupational trends in the future. If stats are anything to say, the change in the human-machine labor ratio could lead to as many as 85 million jobs being lost by 2025. However, 97 million new jobs are also expected to be created at the same time. As a result of continuous digital transformation and technological advancement. The expected percentage of basic skills that will need to be upgraded is 40%. This highlights the urgent need to re-skill and re-skill in every position, department and organization. In order to stay relevant, the current and future workforce must be prepared for continuous upgrade of skill sets.
The new year promises to unleash a wave of new technologies that will impact the global labor market. Keeping upcoming global trends in perspective will help students and career aspirants stay ahead of the employment curve. Learning new age skills will enable them to gain a solid foothold in their career path and prepare for career success.
Not giving an opinion
The opinions expressed above are those of the author.
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