The Tech Revolution is Coming, But Are You Ready?
If you are not proactively moving your business forward; in the current environment, you are really moving backwards.
Planning for a world of increased uncertainty requires a new framework of knowledge. You must be nimble to remain competitive, relevant and innovative in a time of great technological change.
In KPMG’s global survey this year, 72% of 1,300 CEOs (from 11 industries and 10 countries) believe that the next three years will be more critical for their industry than the last 50 years. Organisations are looking to gain a competitive advantage through innovation and the use of cutting-edge technologies. Employees are echoing that sentiment, saying they believe it is important that employers encourage innovation.
Skill Redundancy and Outdated Knowledge is a Certainty
Nearly half of New Zealand jobs are at risk of automation, according to NZ Institute of Economic Research (2015). Those most affected will be mid-career, aged 30 – 55 years. In Cybersecurity alone, there are over a million job vacancies globally.
Jobs in high growth areas like Cybersecurity, Business Innovation and Disruption, Artificial Intelligence & Machine Learning, Robotics and Automation will help businesses scale, adapt to technology and cater to changing business models and delivery methods.
The time to act and upskill through professional development is – now.
The 21st-Century Demands a New Learning Focus
The concept of education and training is changing too. Legacy knowledge is out. Responsive, applied practice learning which reflects the technologically advanced world we live in — is in. A university degree that requires a full-time 2-3 year commitment isn’t realistic or even effective in the context of technological changes coming at us. Professional development for today’s careers must be current, industry oriented, multidisciplinary, interactive and provide tangible results.
Equip yourself with the knowledge, skills and capability to prepare for the rapidly evolving road ahead.
No Sector is Immune to Disruption
Digital disruption is more than a trendy catchphrase. The difference today is that advances in computational capacity, power and speed are now enabling massive changes across all sectors.
And it’s happening at an unprecedented rate. Whether you work in infrastructure, health, banking or the professional services sector (law, accountancy, consultancy)– new technologies and changing consumer demands are re-configuring your sector. Investments in legacy systems are being replaced by automation and artificial intelligence, and delivery models are moving from bricks and mortar to platform-based digital infrastructure.
Leaders are required to identify uncommon connections between technologies (computer processing, cloud storage, robotics), practices (the sharing economy, collaboration) and hi-tech advances (drones, automation) to redefine business, the economy and the future.
The most critical expertise sits within technical and business transformation roles which respond to changing market demands and prepare organisations for the future.
Without a deep commitment to the development of staff and to the nurturing of innovation – businesses cannot decouple the restraints of traditional businesses to become more flexible, mobilise change and scale.
Frances Valintine is one of the world’s top 50 education innovators, according to the Makers and Shakers of Education Technology Index. She is the founder of The Mind Lab and Tech Futures Lab (in partnership with Unitec Insitute of Technology). Tech Futures Lab prepares business people for the future through professional development programmes ranging from 1-day workshops, to week-long modules and 10-week full-time programmes.
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