Industry 4.0 and the future of work: How to prepare for the digital age

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Fourth industrial revolution will transform the world of work with the introduction of automation, AI and other advanced tech

“Utilising ingenuity, a constantly growing knowledge base and creativity, engineers will be key to facing the challenges that lie ahead,” he continues.

They concluded: “Intelligent machines are becoming more sophisticated and are expanding their skills, moving up the corporate ladder, showing increased productivity and retention rates, and threatening their human counterparts.” So what jobs are likely to be automated? Heaslip says students considering career options should “stop for a moment” and ask: could a robot or machine do this job better?

“In contrast, certain sales jobs like telemarketers and bank clerks, even though these may involve interactive tasks but do not necessarily require a high degree of social intelligence, leave them exposed to automation.” “This presents an exciting opportunity for their workforce and prospective graduates to deploy new skills at some of the most sophisticated manufacturing facilities.”

The World Economic Forum reports that 38 per cent of businesses believe AI and automation technology will allow employees to carry out new productivity-enhancing jobs. Photograph: iStock “It is funded from the European Union’s Connecting Europe Facility, and students have the opportunity to travel and interact with European experts and discuss thesis project ideas that came from industry and research organisations with real-world applications.

“It also provides graduates with the skills and knowledge required to develop, implement and manage AI applications that meet the ethical standards required under upcoming EU legislation.” “Return on investment is poor, and if you wrap your outdated processes in silicon and software, this will only result in really expensive poor processes.”

 

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