Written by Alexandra Georgescu, Oracle University Program Manager - Workforce Development
What is the Fourth Industrial Revolution?
We are living days of change.
Some call it the "fourth industrial revolution", some call it "Industry 4.0." Regardless of what you call it, we're seeing the combination of cyber-physical systems (CPS), the Internet of Things and the Internet of Systems.
Previous industrial revolutions liberated humankind from animal power, made mass production possible and brought digital capabilities to billions of people.
This fourth industrial revolution is, however, fundamentally different. It is impossible to define it without using the words "cyber-physical systems" and "cloud computing."
It’s a revolution of networks, platforms, people & digital technology.
And according to Professor Klaus Schwab, Founder & Executive Chairman of the World Economic Forum, it is “blurring the lines between physical, digital and biological spheres."
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Drivers of Change: How Will it Affect You?
Disruptive changes to business models will have a profound impact on the employment landscape over the coming
The rapid pace of change will result in business model disruptions that lead to a perpetual need for new skill sets that require concerted effort for adjustment.
Schwab also fears organizations might be unable to adapt. Governments could fail to employ and regulate new technologies to capture their benefits. Shifting power will create important new security concerns, inequality may grow and societies may fragment.
When compared with previous industrial revolutions, this fourth industrial revolution is evolving at an exponential rather than a linear pace.
Moreover, it is disrupting almost every industry in every country. The breadth and depth of these changes predicts the transformation of entire systems of production, management, and governance.
The revolution could bring greater inequality, particularly in its potential to disrupt labor markets.
As a consequence, some analysts consider that in the future, talent, more than capital, will represent the critical factor of production.
This will give rise to a job market increasingly segregated into “low-skill/low-pay” and “high-skill/high-pay” segments, which in turn will lead to an increase in social tensions.
Technology is therefore one of the main reasons why incomes have stagnated, or even decreased, for a majority of the population in
high-income countries. The demand for highly skilled workers has increased while the demand for workers with less education and lower skills has decreased.
The result is a job market with a strong demand at the high and low ends, but a hollowing out of the middle.
Employment Trends for a Successful Career Path
The computer and mathematical job family is anticipated to experience very high growth centered on data analysis and software and applications developers.
And not just within the ICT industry, but across a wide range of industries, including:
Computing power and Big Data analytics constitutes a significant driver of employment growth in each, all resulting from the global digital transformation.
The future is looking bright for those who dream of becoming data analysts or sales representatives.
Because of the overall disruption, the competition for talent in hot job families like computer and mathematical, architecture, engineering and other strategic roles will be fierce. Employers will need to prioritize finding efficient ways of securing a solid pipeline.
Gain an Edge in the Interview Process
After graduating, it can be difficult to make yourself stand out in the candidate pool. Lack of experience, as well as fierce competition, makes it difficult for young people who want to enter the job market.
Enrolling in Oracle University training courses helps young people expand knowledge and validate expertise to gain an edge over others in the job market.
This blended learning approach has proven time and time again as the best way to solidify and compliment knowledge learned.
Almost half a million companies spanning 145 countries benefit from utilizing Oracle technologies. If you invest in developing the skills required to operate these technologies, you'll empower yourself to get hired for many promising positions.
Taking hands-on Oracle training is a very smart choice for those who are passionate about database or Java. It offers a comprehensive and fully integrated stack of cloud applications, platform services, and engineered systems.
This means there are numerous technologies to learn and many courses to choose from. The more you learn and the more Oracle Certifications you earn, the more options you have to work for any of the over 420,000 Oracle customers.
Excited already about all the possibilities? We don't blame you!
Learn Oracle technologies to kick start your tech career. Your future is bright!
For more information about the Workforce Development Program, Oracle courses and certification, please access this link.