January 20179 in Singapore and around 15,000 working in Australia. These numbers are far too small. Who will implement a smart grid, for example?Where will We Get These Skills?New technology has created visions for how industries will be transformed. We have the technology to allow us to realise these visions. But, we do not have the skills to implement and manage this technology. A much larger pool of skills is required, that relate to both information technology and the operational technology that is being used, in many industries.The lack of manpower needed to enable the transformations that are expected, will slow down technology adoption and automation. So, the argument that new technologies will only destroy jobs is nonsense. It will also create jobs. New higher skilled jobs will emerge together with the use of new, disruptive technology. The implementation of this technology is impossible without them.Governments, trade unions, academic institutions and businesses will need to work together, closely, to ensure that their economies are well positioned to benefit from technology-driven transformations and associated innovation. New industrial strategies will need to be developed. No stakeholder is capable of enabling these transformations alone. Countries where multiple stakeholders work well together, such as Germany, South Korea and Singapore, are particularly well placed to benefit from the next wave of economic transformation.Key to economic success is the development of skills that will enable radical transformation across industries. This needs to happen now.Frost & Sullivan provides market research and analysis, growth strategy consulting, and corporate training services across multiple industries. Advances in machine learning, the Internet of Things, data analytics, and Artificial Intelligence (AI) are steadily eliminating routine and repetitive types of jobsAndrew Milroy
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