One of many writing of the potential impact of the combination of cyber-physical systems, the Internet of Things, and the Internet of Systems.
On the one hand the "hollowing out" of previously skilled and secure jobs. One estimate states that 47% of US jobs under threat.
On the other hand, the big data analytics will require trained people with experience at the proverbial coalface whether in engineering, field service, facilities management, healthcare. Train these to be able to see the wood for the trees. To be able to restore productivity growth.
Governments, the educational establishment, business leaders and public sector leaders need a strategy for the 4th Industrial revolution.
Schwab said, “The changes are so profound that, from the perspective of human history, there has never been a time of greater promise or potential peril. My concern, however, is that decision makers are too often caught in traditional, linear (and non-disruptive) thinking or too absorbed by immediate concerns to think strategically about the forces of disruption and innovation shaping our future.” In order to thrive, business leaders will have to actively work to expand their thinking away from what has been traditionally done, and include ideas and systems that may never have been considered. Business leaders must begin questioning everything, from rethinking their strategies and business models, to discovering the right investments in training and potentially disruptive R&D investments.