The new year promises to usher in a wave of new technologies that will impact the global employment market; keeping upcoming global trends in perspective will help students and job aspirants stay ahead of the employment curve
The year 2022 has been all about waking up to new realities and maintaining a balance between the old and the new.
New developments have taken place across all sectors, including education and employment. Mobile technology, cloud services and augmented reality tools have been making waves in the economy and their impact on the global careers landscape is inescapable.
The labour market the world over has witnessed an intensification of digitalisation. With the enhancement in remote working and hybrid workforces induced by the pandemic, the careers landscape has been influenced by rapid automation and adoption of new technologies. Immersive technologies like virtual reality (VR), augmented reality (AR) and mixed reality (MR) offer an integrated ecosystem to engage with employees and establish new processes.
The world has been preparing for 5G to go mainstream for a long time. 5G offers seamless coverage, low latency and highly reliable communication systems but that’s not the whole of it. The integration of 5G is expected to take the Indian IT industry to great heights. By 2035, 5G is expected to have a cumulative economic impact of US$1 trillion and increase GDP by US$150 billion.
Yet another career trend that will top the charts is cloud computing. It has opened up immense possibilities for organisations as they employ cloud computing services in everyday functioning. Initially, its mainstream adoption was somewhat slower due to a lack of knowledge and the fear of losing jobs among the IT workforce. However, it has picked up pace in recent years. Cloud computing has made it possible to set up virtual offices with anytime, anywhere connectivity. 5G technology-led cloud systems are enabling business leaders to be more perceptive to meet real-time business needs.
While the world is harnessing the use of technologies to empower practical, technical and task-based abilities, soft skills have become equally important as well. The importance of soft skills in contemporary culture has been acknowledged to include critical thinking, problem-solving, creativity, emotional intelligence, teamwork and flexibility, among other things. Business leaders and recruitment agencies will be looking out for prospective employees that demonstrate a fine balance of technical and soft skills.
Cross-functionality and merging careers are expected to be some of the top global career trends of the future. If statistics are anything to go by, a change in the human-to-machine labour ratio might result in a loss of up to 85 million jobs by 2025.
The new year promises to usher in a wave of new technologies that will impact the global employment market. Keeping upcoming global trends in perspective will help students and job aspirants stay ahead of the employment curve. Learning new-age skills will enable them to gain a strong foothold in their career trajectory and prepare for career success.
