Written by Alexandra Georgescu, Oracle University Program Manager - Workforce Development
What is the Fourth Industrial Revolution?
We are living days of change.
Some
call it the "fourth industrial revolution", some call it "Industry 4.0." Regardless of what you call it, we're seeing the combination of cyber-physical systems
(CPS), the Internet of Things and the Internet of Systems.
Previous industrial revolutions
liberated humankind from animal power, made mass production possible and
brought digital capabilities to billions of people.
This fourth industrial revolution is, however, fundamentally different. It is impossible to define it without
using the words "cyber-physical systems" and "cloud computing."
It’s a revolution of networks,
platforms, people & digital technology.
And according to Professor Klaus Schwab, Founder & Executive Chairman of the World Economic Forum, it is “blurring the lines between physical, digital and biological spheres."
Image source: https://mjolner.dk
Drivers of Change: How Will it Affect You?
Disruptive changes to business
models will have a profound impact on the employment landscape over the coming
years.
The rapid pace of change will result in business model disruptions that
lead to a perpetual need for new skill sets that require concerted effort for
adjustment.
Schwab also fears organizations might be unable to adapt. Governments could fail to employ
and regulate new technologies to capture their benefits. Shifting power will
create important new security concerns, inequality may grow and societies may fragment.
When compared with previous
industrial revolutions, this fourth industrial revolution is evolving at an
exponential rather than a linear pace.
Moreover, it is disrupting almost every
industry in every country. The breadth and depth of these changes predicts
the transformation of entire systems of production, management, and governance.
The revolution could bring
greater inequality, particularly in its potential to disrupt labor markets.
As
a consequence, some analysts consider that in the future, talent, more than
capital, will represent the critical factor of production.
This will give rise
to a job market increasingly segregated into “low-skill/low-pay” and
“high-skill/high-pay” segments, which in turn will lead to an increase in
social tensions.
Technology is therefore one of the main reasons why incomes
have stagnated, or even decreased, for a majority of the population in
high-income countries. The demand for highly skilled workers has increased
while the demand for workers with less education and lower skills has
decreased.
The result is a job market with a strong demand at the high and low
ends, but a hollowing out of the middle.
Employment Trends for a Successful Career Path
The computer and mathematical job
family is anticipated to experience very high growth centered on data analysis
and software and applications developers.
And not just within the ICT industry,
but across a wide range of industries, including:
- Financial services & investors
- Media
- Entertainment and information
- Mobility and professional services
Computing power and Big Data analytics constitutes a significant driver of
employment growth in each, all resulting from the global digital transformation.
The future is looking bright for
those who dream of becoming data analysts or sales representatives.
Because of the overall
disruption, the competition for talent in hot job families like computer
and mathematical, architecture, engineering and other strategic roles will be
fierce. Employers will need to prioritize finding efficient ways of securing a solid pipeline.
Gain an Edge in the Interview Process
After graduating, it can be
difficult to make yourself stand out in the candidate pool. Lack of
experience, as well as fierce competition, makes it difficult for young
people who want to enter the job market.
Enrolling in Oracle University training courses helps young people expand knowledge and validate expertise to gain an edge over others
in the job market.
Compliment traditional classroom
training with the most effective way to learn by adding the digital learning
element.
This blended learning approach has proven time and time again as
the best way to solidify and compliment knowledge learned.
With more than 420,000 customers
with distribution across a variety of industries in more than 145 countries,
developing the most in demand skills will create more professional options.
Just
imagine being able to contribute to the success of over 420,000 businesses just
by learning Oracle technologies. Pretty amazing, right?
Taking hands-on Oracle training is a very smart choice for
those who are passionate about database or Java. It offers a comprehensive and fully integrated stack of cloud applications,
platform services, and engineered systems.
This means there are numerous
technologies to learn and many courses to choose from. The more you learn and the more Oracle Certifications you earn, the
more options you have to work for any of the over 420,000 Oracle customers.
Excited
already about all the possibilities? We don't blame you!
Learn Oracle
technologies to kick start your tech career.Your future is bright!
For more information about the Workforce Development Program, Oracle
courses and certification, please access this link.