The process of digitilisation and automation is not the future of work – it’s the present, affecting every sphere of employment and productivity. This has important implications for South Africa in terms of youth employment, productivity and gender equality in the workplace.
Even if technology stays at present levels, it is already possible to automate half of the jobs that people do—meaning that very large numbers of people who are presently employed will be looking for new jobs within the next decade. So says Laurie Wright, Senior Lecturer at the Warsash School of Maritime Science and Engineering, Solent University: “People are calling it the fourth industrial revolution or “industry 4.0”. The first industrial revolution used steam power to mechanise production. The second used electric power to mass-produce products while the third introduced computers to automate production. The fourth revolution is happening now, disruptive technologies including the internet of things, virtual reality, robotics, and artificial intelligence are changing the way we interact, work, and live. Highly automated, intelligent systems promise to transform people’s lives and even question the very role of humans.”
The implication is clear—young people need to ensure that their skills match the needs of companies that are undoing digital transformation themselves. But how can young people ensure they have the right skills when the pace of change is so fast and furious?
Matching youth skills to company needs
According to the results of the Siyakha Youth Assets study, one promising solution is employment programmes that offer matching —when training is based on employer requirements and programmes offers employers and young work-seekers an interface to facilitate recruitment.
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Bright Minds, Bright Future
For the economy to grow, businesses need graduates whose skills match their needs. Producing these graduates is the core focus of Stefan Ferreira, CEO of the Richfield Graduate Institute of Technology.
Safety In Business
Securing the future is essential
Artificial Intelligence
Is artificial intelligence reinventing insurance? This was the question posed by Bill Hoggarth, national sales manager, Digital Business Solutions at high performing and secure ICT solutions provider, Datacentrix. He was speaking at the recent Robotics, Drones and AI in Insurance Conference, held in Rosebank, Johannesburg. In answer to the question, Hoggarth clarified that no, he did not believe artificial intelligence (AI) was changing the nature of insuranceâat least, not on its own. âMy view is that AI is not reinventing insurance, but that it is part of the mix of technologies that is causing a shift in insurance today,â he said.
Leading The Future
Leading the modern world requires fast thinking and an impulsive ability to adopt and adapt to the technologically driven era. The way we conduct business today has drastically changed from the way business was conducted ten years ago, failing to integrate innovation and technology could prove fatal to any business.
The Evolution Of The IT Operation
Consistency in delivery is key
Empowering Our Future
More than half (51%) of youth aged 18â24 years claim they do not have the financial means to pay for their tertiary tuition. That is over 1.4 million youths who will never be able to afford to take their education further and thereby increase their opportunities to progress in their careers and lives. This is the sad reality according to the Higher Education and Skills in South Africa report released by Statistics South Africa in March 2019.
Air Traffic Navigation Services: Flying High Into The Future
After an exceptional 2018/2019 financial year, Air Traffic Navigation Services (ATNS) is poised to soar even further, as it builds on an exceptional record and heads into the next phase of its development
Entrepreneurs Hit Hard By Coronavirus
The big challenge
Use The Covid-19 Lockdown To Think Differently
Crowdfunding, delivery of food, hygiene and learning packs, and psychosocial support could #changethestory
Attractive Production Tax Credits
âWe wouldnât do it without the production tax credit we get.â Thatâs what Warren Buffett said about his holding company Berkshire Hathawayâs US$30 billion investment in wind turbines and infrastructure in the State of Iowa through one of its companies, Berkshire Hathaway Energy (BHE)