From the COVID-19 pandemic for the past 2 years and the recent war between Ukraine and Russia now. It makes the previous idea of outsourcing to any country on the planet a bad idea. Which lead to higher prices than before due to supply chain disruption.
High fuel prices on an existing product often drive people to make changes earlier than they expected, it serves as a change accelerator.
With both end economic sanction one after another, it disrupts the existing global ecosystem. It seems like a two edged sword for using war to resolve conflict in the modern world. Western world continues to pull out from the Russian market and ban Russia from accessing the western capital and business market.
We notice the modern war makes use of massive drone-based weapons systems. War drives rapid change, whether it by intent or not. Thanks to the war, people’s mindset and acceptance for electric vehicles has accelerated as a result. We may predict electric vehicles will take over the world in less time than previously predicted. The world dependency for oil and gas will expect to change in a few years from now.
With 300k of technology professionals, Ukraine has one of the largest developer communities in Europe, well known as Eastern Europe’s Silicon Valley. Estimate more than one million IT professionals work in Ukraine, Belarus, and Russia, with one-quarter, i.e. 250k working for consulting or outsourcing firms alone. With both sides sanctioned, one after another. The world will suddenly lose a million workforce for the technology sector, what can you predict? It will benefit the rest due to demand and supply shifts, as it goes on.
Forrester just issued their predictions of a net loss of 1.42 million US jobs to automation by 2032 alone, as the world transitions to fourth industrial revolution (4IR) industry 4.0. With the world with the main theme for how to transition and co-exist with AI, robotics and automation. This will serve as one megatrend where you need to make sure reskilling in the right competency needed by the tomorrow world. It is important to acquire project skill, you know how to participate and perform in the keep changing project, where the job functions are changed as the role expects based on the project. It is a new era for project economy coming, and everyone expects to develop a broader array of versatile skills.
A lot of retraining programs out there now in the market do not really prepare you for the tomorrow world. And retraining and putting you into other similar jobs that will disappear soon as well. Cumulative job loss is the megatrends, as with AI, robotics and automation, the average enterprise needs less people. Bigger corporations can afford massive deployment of AI, robotics and automation, you may expect to gear for higher ratio and less people vs automation deployed. 4IR will be the new era to redefine what job productivity is, as human productivity expectations change.
Toward under the 4IR context, everyone expects an attitude change first. Due to automation, AI and robotics will take over a lot of jobs from the current way of defining jobs, tasks and roles. The future workforce needs to be flexible and can perform tasks, role and function AI, automation, robotics can not be performed. If you still hold yourself back as said developer or programmer (For example), and refuse to learn things out of your current comfort zone, for sure you will end up not being fit in the new 4IR context. This new era opens for the project economy, where project management can deal with endless change, implement change and based on the change requirement to cope with tasks needed.
E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel. Feel free to contact E-SPIN for your project requirement and inquiry.
Other post you may be interest:
