There is a big buzz in the market on Fourth Industrial Revolution. Industry Leaders, Academicians, Government and Policy Makers are discussing on this issue and made us little concerned on the change factors. Already we are experiencing change in everywhere. Innovation and technological advancement is slowly changing our life styles. We can see the impact in everywhere. We can predict that the world after 10/15 years will be different and the change will be so fast that was ever before. So the question comes how today’s kids are taking preparation for the unseen future or how our young generation is taking preparation to face the challenges of time? The preparedness is the prime importance now otherwise our next generation leaders will not be able to compete with the world and fit themselves in the change circumstances.
Let us go back to the past to understand the change steps. The first industrial revolution was sourced by the steam engines and postal communication. The second revolution was prompted by the electricity generation and telegraph. The third industrial revolution was led by IT and renewable energy. Whereas, the Fourth Industrial revolution has been triggered by the technological advancement and with the advent of Internet!
Learn More Industry 4.0
Industry 4.0, started off as a brainchild of Germany and being adopted by countries around the world. Already USA, France and Japan have already taken the first step in this direction by launching nation-wide programs. If we carefully see the change steps, we find that every revolution was forced by the innovation and invention. The shift between third and fourth revolution took very less time than it took for second to third revolution. So, it is the point which we need to consider while developing the next generation leaders. Also, the new invention is bringing higher levels of automation, inter-connectivity, and efficiencies in machines. Now we are experiencing collaboration between humans to machines and machine to machine in a less directed and more productive manner. The jobs are becoming more digital and less manual. The pattern of the job is changing and it is digitized now. So it is changing the business process and this new style of business is looking for new skills among the youth.
So, we have to think on this point. Are we preparing our kids/youth considering the change pattern? It might be difficult to predict on future change situation in business and works but we need to equip them with the skills so that they can fit themselves at any change circumstances.
According to a new report by Deloitte Global and GBC-Education, 1.8 billion youth worldwide stand at the risk of being left behind by the changes that the fourth industrial revolution will bring. In this point we have to identify what qualities/skills the future leader should develop. The youth have to develop critical thinking and judgment-based skills, focus on practical learning. The internship/apprenticeship at an early age with the industry will definitely help them to know the job market but they must go through the lifelong learning schedule and it is obvious. While adopting the challenges of I 4.0, countries are facing some challenges. Work force are now expected to have new skills in the domain of information technology, data analytics, etc. We are already experiencing a big mismatch between the skill sets job applicants have and the skill sets they are expected to possess. Also, the adoption of I4.0 presents a threat to BRICS nations (Brazil, Russia, India, China, South Africa) as there will be a big gap to competitiveness.
At the advent of industry 4.0 we are witnessing an interconnected society where Education Systems need to be changed adopting the technologies. We have to consider the following points:
Growth Mindset of the Youth; Self Preparedness:
While considering the change pattern of the industry shall we only depend on Government or Policy makers to ensure our preparedness? The answer would be no. The change time also demand a resilient young generation, who have the ability to respond positively to life’s challenges. The Young generation should have the following qualities:
Learn More about GROWTH MINDSET
Bangladesh’s preparedness for the adoption of Industry 4.0 is low. Only Govt and few private institutions has only been initiated some action plan. We are yet to see any institutional arrangements to map the change that is consuming the world at a very rapid pace. While we are experiencing the change in the Business and Works, are we preparing the youth considering the change dimension? It might be difficult to develop every job skills now, but one point is very clear to us that we cannot educate or train up the youth with all the required skills they may need for the unseen future but at least we can develop the qualities and skills by which they can survive and fit them well in the future place.
On the other hand, every year, millions of youth are entering to the job market. And the employment situation will go worst if we can’t develop them as per the requirements. So, the question comes in mind how our young generation are taking preparation to face the challenges and handle the unexpected situation? Are we prepared? We are already a blessed nation with 180 Million people where majority are the Young population. So, we have to initiate the preparation process considering the Young Population. Before taking the Change Initiative we must understand that the new economy will not be a threat if we can develop the future skills, rather it will create opportunity or change the Job Nature that exist now. So, the Young Generation should be developed considering the Change Factors in the Job Market.
Our Policy Makers may think of the following steps:
It is obvious that, the change process would not be as easy as we think of. But the preparedness should come from both the Individual and from Organizations level else success will not come.