I.o.T - The future of jobs

Nguyễn Duy NghiêmĐà Nẵng, 11/9/2016

Employment trendsSkills Stability

What is

I.o.T?

The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

Source: http://internetofthingsagenda.techtarget.com

Internet of Things Landscape

The Sample

The Sample

Employment trend

The eight segments and more than 40 applications of IoT

Transportation

•Accident avoidence•Car sharing•Private hire and taxi platforms

•Driverless cars•Public transport fleet and route management

•Telematics•Trafic jam reduction

Healthcare

•At-home recovery and rehabilation

•Chronic disease monitoring

•Medicine consumption optimization

•Non-observance reduction

•Early identification of diseases or risk factors

•Smart pharmaceutical R&D

•Time savings from better treatment

Housing and hospitality

•Energy saving•Fire alarm•House automation•Remote burglar alarms•White and brown goods•Telematics•Smart kitchen in restaurents

•Smart energy in hospitality

Industry

•Express and parcel delivery

•Smart construction•Smart logistic: Container tracking

•Smart logistic: Rail car tracking

•Smart logistic: Fleet management

•Smart manufacturing

Retail and wholesale

• Stockout and theft reduction

• Smart logistics fleet management

• Automatic checkout

• Express and parcel delivery

• Sport articles

Healthcare

• Smart grid• Smart water• Smart gas

Primary sectors

• Precision farming: crop management

• Precision farming: Livestock management

• Smart extraction (oil & gass, mining)

Public administration

• Public administration efficiency

• Street light control• Waste

management• Education

classroom management

Share of respondents rating driver as top trend, %

Source: Future of Jobs Survey, World Economic Forum.Note: Names of drivers have been abbreviated to ensure legibility.

Share of respondents rating driver as top trend, % (cont')

Source: Future of Jobs Survey, World Economic Forum.Note: Names of drivers have been abbreviated to ensure legibility.

Timeframe to impact industries, business models

Source: Future of Jobs Survey, World Economic Forum.Note: Names of drivers have been abbreviated to ensure legibility.

Skills stability

Time to impact on employee skills

Source: Future of Jobs Survey, World Economic Forum.Note: Names of drivers have been abbreviated to ensure legibility.

Core work-related skills

Demand for skills in different industry sectors and overall, 2015 and 2020

What is your job in future?

I.o.T jobs: 5 most in-demand skills

1. Computer programming2. User interface (UI)3. Business Intelligence4. Hardware engineering5. Artificial Intelligence expertise

Source: http://www.cbronline.com/news/internet-of-things/iot-jobs-5-most-in-demand-skills-4742784

Recommendations for Action

• While the implications of accelerating disruptive change to business models are far-reaching - even daunting - for employment and skills, rapid adjustment to the new reality and the opportunities it offers is possible, provided there is the concerted effort by all stakeholders.

• For the government, it will entail innovating within education and labour-related policymaking, requiring a skills revolution of its own.

• For the education and training sector, it will mean vast new business opportunities as it provides new services to individuals, entrepreneurs, large corporations and the public sector. The sector may become a noteworthy new source of employment itself.

Recommendations for Action (cont')

• For businesses to capitalize on new opportunities, they will need to put talent development and future workforce strategy front and centre to their growth. Firms can no longer be passive consumers of ready-made human capital.

• They require a new mindset to meet their talent needs and to optimize social outcomes. This entails several major changes in how business views and manages talent, both immediately and in the longer term.

Immediate Focus

For business:• Reinventing the HR Function.

• Making Use of Data Analytics.

• Talent diversity—no more excuses.

• Leveraging flexible working arrangements and online talent platforms.

Longer Term Focus

For business & personal:• Rethinking education systems. Think about your abilities and

knowledge that you have.

• Incentivizing lifelong learning. Something like that MOOC program via Coursera, Udacity, Canvas Network, The open university (UK) and FUNiX in Vietnam.

• Cross-industry and public-private collaboration

References

• Future Work Skills, 2020 - Institute for the Future for the University of Phoenix Research Institute

• The future of jobs, Global Challenge Insight Report, Jan 2016 – World Economy Forum

• The Internet of Things: Making sense of the next mega-trend, Sep 3, 2014 – Goldman Sachs & Co.

• Internet of Things (IoT): A vision, architectural elements, and future directions - Future Generation

Computer Systems 29 (2013) 1645-1600

Why now?

Show me your answer, please!

Thank you for your listening and concerned!

…Here, is your future!...