McKinsey: Demand for technological skills set to rise 55% by 2030
A new report from the McKinsey Global Institute has revealed that digital skills are set to become increasingly important as the global economy continues to change and more readily incorporate new technologies within their operations.
According to the study, Skills Shift: Automation and the Future of the Workforce, demand for technological skills will rise 55% by 2030, coming to represent 17% of all hours worked, up from the 11% recorded in 2016.
These results have been found by quantifying time spent on 25 core workplace skills across the banking, insurance, energy, mining, healthcare, manufacturing and retail sectors in terms of hours worked.
However, it is clear that businesses are beginning to recognise the need for upskilling, with more than half of the companies surveyed by McKinsey stating that they expect to take the lead in building a workforce for the future, readily offering and training workers in new ways.
“McKinsey’s latest report is further evidence that organisations are sitting up and taking notice of AI capabilities,” said Melissa Di Donato, Chief Revenue Officer, SAP Cloud ERP.
“The business landscape is everchanging, which breeds uncertainty and presents business leaders with a constant glut of difficult decisions to make, so it’s great to see that AI is starting to be seen as an opportunity, not a threat.”
“This report highlights that business leaders are distancing themselves from the illusion that AI is here to take our jobs and are instead viewing the two as complementary. This is crucial if AI is to be harnessed to full effect.”
The survey was carried out amongst 3,000 business leaders in seven countries, highlighting the shift in emphasis to more readily promoting continuous learning in the workplace.
For more information, see the full Skills Shift: Automation and the Future of the Workforce report from McKinsey.
Searching for the Top 100 Leaders in Technology
The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Rhonda Vetere - Herbalife
Bryan Smith - Expedient
Nominate your Top 100 Leader HERE
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.