The rapid pace of technological change has transformed the way we live and work. Emerging technologies like artificial intelligence (AI), robotics, and automation are changing the face of industries across the board. As a result, it's essential for individuals, businesses, and policymakers to prepare for the impact of these technologies on work.
The Impact of Emerging Technologies on Work in Australia
According to a recent report by the Committee for Economic Development of Australia (CEDA), 40% of Australian jobs are at risk of being replaced by automation in the next 10 to 15 years. The report also suggests that the healthcare and education sectors are the most resilient to automation, while industries such as manufacturing, transport, and logistics are most at risk.
The Australian government is also taking note of the impact of emerging technologies on work. The 2021-22 Federal Budget announced an investment of $1.2 billion towards digital technologies and cybersecurity. This investment is part of the government's plan to create jobs and improve productivity in a rapidly changing digital world.
Preparing for the Impact of Emerging Technologies on Work
As emerging technologies continue to transform the way we work, it's essential to prepare for the changes ahead. Here are some steps that individuals and organizations can take to adapt:
As emerging technologies continue to transform the way we work, it's essential to prepare for the changes ahead. Here are some steps that individuals and organizations can take to adapt:
1. Invest in Upskilling and Reskilling
With many jobs at risk of being automated, it's essential to invest in upskilling and reskilling to remain relevant in the job market. According to the Australian Bureau of Statistics, only 33% of employed Australians had undertaken formal training or education in the previous 12 months. This suggests that there is significant room for improvement in terms of upskilling and reskilling. The Australian government offers various programs, such as the JobTrainer program, that supply funding for training and upskilling.
2. Embrace Flexibility and Remote Work
The COVID-19 pandemic has highlighted the importance of flexibility and remote work. As emerging technologies continue to transform the way we work, it's essential to embrace these changes and adapt to new ways of working. According to a report by the Australia Institute, remote work could save Australians $1.4 billion in commuting costs and reduce carbon emissions by 3.5 million tonnes annually.
3. Focus on Soft Skills
As automation and AI continue to replace routine tasks, soft skills such as communication, problem-solving, and creativity will become increasingly valuable. According to a report by the Foundation for Young Australians, the most in-demand skills for the future of work include critical thinking, creativity, and complex problem-solving. Individuals and organizations should focus on developing these skills to remain competitive in the job market.
4. Develop a Digital Mindset
As digital technologies become more prevalent in the workplace, it's essential to develop a digital mindset. This includes being comfortable with technology and understanding how to use it to improve productivity and efficiency. According to a report by Deloitte, businesses that embrace digital technologies have higher productivity, revenue growth, and profitability than their less digitally mature counterparts.
The impact of emerging technologies on work is inevitable, and it's essential to prepare for the changes ahead. By investing in upskilling and reskilling, embracing flexibility and remote work, focusing on soft skills, and developing a digital mindset, individuals and organizations can adapt to the rapidly changing digital world. With the right mindset and approach, we can use emerging technologies to create new opportunities and improve our quality of life.
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About Northbridge
In 2010, Northbridge came to life with a vision to revolutionise workforce solutions in Australia, inspiring transformative growth in the ever-evolving recruitment industry. Our mission was clear - to be the spark that ignites profound change for all our stakeholders.
Our foundation is built upon the pillars of diversity and collaboration, recognising them as the cornerstones of success. We've cultivated a profound understanding that paves the way for transformative journeys for all stakeholders and ensures the fulfillment of our purpose. Quality is at our core, responsiveness to your needs is our commitment, and we empathize with your motivations, no matter the context in which you find yourself today. Our organisation revolves around a set of unwavering values - passion, inclusivity, and evolution.
Our solutions cover Permanent Recruitment, Contract, SOW and Temporary Staffing, Labour Agreement - On-Hire, Payroll Management, and IT On-Demand.
For remote and other opportunities, you may visit our job's page.
