The fourth industrial revolution in unlike anything that the human race has experienced. This is a world where individuals and companies move to a digital domain and thus changing the way we live, work and interact with each other. It is characterized by the emerging technological breakthroughs such as but not limited to artificial intelligence (AI), robotics, the internet of things (IoT), autonomous vehicles, 3D printing, nanotechnology, biotechnology, virtual and augmented reality and quantum computing, – that are transforming productions processes and business models across different industries.
Disruptive changes to business models will have a profound impact on the employment landscape over the coming years. Many of the major drivers of transformation currently affecting global industries are expected to have a significant impact on jobs, ranging from significant job creation to job displacement, and from heightened labour productivity to widening skills gaps