Automation, digital platforms, and other innovations are changing the fundamental nature of the world economy and bringing about a tectonic shift in the kinds of career options that are coming up. The world of work is in a state of flux, which is causing considerable anxiety-and with good reason. There is a growing polarization of labor-market opportunities between high- and low-skill jobs. There is a complete paradigm shift in the kind of jobs that are being created in the market.
A paradigm shift
The development of automation enabled by technologies including robotics and artificial intelligence brings the promise of higher productivity (and with productivity, economic growth), increased efficiencies, safety, and convenience. But these technologies also raise difficult questions about the broader impact of automation on jobs, skills, wages, and the nature of work itself.Many activities that workers carry out today have the potential to be automated. At the same time, job-matching sites such as LinkedIn and Monster are changing and expanding the way individuals look for work and companies identify and recruit talent. Independent workers are increasingly choosing to offer their services on digital platforms including Upwork, Uber, and Etsy and, in the process, challenging conventional ideas about how and where work is undertaken.
According to a report by World Economic Forum, digitalization could create up to 6 million jobs worldwide between 2016 and 2025 in the logistics and electricity industries. Elsewhere, automation will displace many human beings. With both winners and losers resulting from digital transformation, a huge premium rests on the near-term ability of businesses to upskill employees and shape the next generation of talent for the machine age. Big and small companies are both investing heavily in digital technologies such as Artificial intelligence, User Interface, robotics, etc. And it is not just the IT sector but also BFSI, Manufacturing, Telecommunications, Media, Fintech, and start-ups venturing into automation, Artificial intelligence, and analytics to reduce costs and amplify productivity and efficiency. Let us take a look at the jobs that are being created and upskilled. There are job roles being created that didn’t even exist five years ago.
Data scientists help companies interpret and manage data and solve complex problems using expertise in a variety of data niches. They generally have a foundation in computer science, modeling, statistics, analytics, and math – coupled with a strong business sense. It’s this merging of esoteric intelligence and practical knowledge that makes the data scientist so valuable to a company.Start-ups are producing so much data that hiring has increased dramatically for data scientists. Salaries are on the rise for those who are able to work closely with developers to provide value to end users.
Robotic process automation analyst
Robotics Process Automation allows organizations to automate task just like a human being was doing them across application and systems. The main goal of Robotics process automation process to replace repetitive and boring clerical task performed by humans, with a virtual workforce.Robotic process automation (or RPA) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.In traditional workflow automation tools, a software developer produces a list of actions to automate a task and interface to the back-end system using internal application programming interfaces (APIs). In contrast, RPA systems develop the action list by watching the user perform that task in the application’s graphical user interface (GUI), and then perform the automation by repeating those tasks directly in the GUI. This can lower the barrier to use of automation in products that might not otherwise feature APIs for this purpose.The RPA Analyst provides development and support of Robot Process Automation (RPA) solutions for Application Development Services (ADS).
Traditionally, a business analyst is responsible for gathering, solutioning and writing requirements. They are skilled communicators with a keen ability to dig into the details, understand complicated systems and ensure the needs of the business are communicated to those developing a given product, system or process. Today, the same role demands an upskill.
They must be “solution specialists,” who can analyze complicated systems and solve complex problems. Understanding the needs for mobile, social media, accessibility, effective user experience, automation and fast performance has forced the BA to master an understanding of technology, marketing, human resources, usability and brand, along with the more standard technology requirement needs.
Database as a service Analyst
This role is the upskilled version of database administrator who maintains a successful database environment by directing or performing all related activities to keep the data secure. Database as a service (DBaaS) is a cloud computing service model that provides users with some form of access to a database without the need for setting up physical hardware, installing software or configuring for performance. All of the administrative tasks and maintenance are taken care of by the service provider so that all the user or application owner needs to do is use the database. Of course, if the customer opts for more control over the database, this option is available and may vary depending on the provider.A database as a service analyst analyses and studies the database needs of an organization and suggests the most optimum service.
Virtual Reality Architect
A virtual reality architect must have advanced technical knowledge of programming, image management, 3D and the software needed for developing virtual reality. His goal is for no one to be aware of his work; in other words, to create virtual realities that are so advanced that users forget they are not in the real world.
Companies are using web analysis and measurement tools to be able to respond to their customers’ needs and offer them a service that is best adapted to their requirements. For this they need web analysts. Web analysts are people with great analytical capacity, results-oriented and with a statistical or mathematical profile. They also need digital and marketing knowledge, apart from the skills of an analyst. The profiles with knowledge of big data are among those most in demand by the market.
Therefore,the digital economy is the new productivity platform that some experts regard as the third industrial revolution. Digital revolution, also known as ‘The Internet Economy’ or Internet of Everything (IoE), is expected to generate new market growth opportunities, jobs and become the biggest business opportunity of mankind in the next 30 to 40 years. If you are scripting your career in theis revolution, make the best out of it by carving a new career or upskilling your current one.