We stand on the threshold of a technological revolution that will fundamentally change the way that we live and work. It will be unlike anything humankind has experienced before and, although we don’t know exactly how it will unfold, one thing is clear – the response must be integrated and comprehensive. And this includes ensuring that young people have the core skills required to prepare them to take part in the future job market.
With this in mind, ADEK recently participated in an online session organised by G20, entitled ‘Securing Future Jobs with the Right Skills’. Majid Al Shamsi, Director of Higher Education Business Development at ADEK and project lead on 42 Abu Dhabi, spoke about the ‘Fourth Industrial Revolution’, including the gap in the type of skills students have right now compared to what will be needed.
This is underlined by the fact that 87% of executives today say that they are experiencing skill gaps in the workforce or expected them within a few years. Indeed, one-third of senior leaders state that finding talent is their most significant managerial challenge.
A knowledge-based economy is fuelled by digital disruption, and students must learn the right skill sets to secure future jobs. It is estimated that there will be a $3 trillion revenue growth until 2030 due to this technological revolution, so huge opportunities are undoubtedly on the horizon.