The Key Competencies Employee Will Need in the Fourth Industrial Revolution

The Key Competencies Employee Will Need in the 4.0 Industrial Revolution

Manufacturers discovered how to mechanise production using water and steam power during The First Industrial Revolution. By the time The Second came along, they had switched to using electricity, which enabled them to produce on a larger scale. The Third industrial revolution arrived, and business took off. Sales increased quickly as businesses discovered new ways to automate production using digital technologies.

Modern businesses are paying notice as The Fourth industrial revolution builds on the third. The boundaries between the digital, physical, and biological worlds are being eroded by this Revolution.

While there are many possibilities ahead of us that we have not yet discovered, businesses should start planning today. The teams who make the earliest investments in skill development will be the most prosperous.

As we move from one revolution to the next, let's examine the hard and soft talents that will help your staff the most.

We have identified 4 soft skills and 3 hard skill for employees

The 4.0 is all about AI (Artificial Inteligents)
Soft skills are people abilities that impact how employees connect and work with others. They broadly cover skills including effective communication, active listening, time management, and problem-solving.

No of the advancements and changes in technology, these abilities will always be necessary in the job. However, when Industry 4.0, often known as the Fourth Industrial Revolution, takes hold, a number of new soft skills will be recognised as being more crucial than ever. Here are the top four that need your attention.

Moreover, soft skills are more concerned with interacting and working in the job, while hard skills are more technically oriented. Employees will require these specific competencies as the next phase of the digital transformation takes shape.

Making and Applying Decisions

In the near future, production lines are likely to look radically different. Many manual tasks will soon be replaced by machines, from immersive virtual reality (VR) to artificial intelligence (AI). Human labour, however, are still very much in need. In reality, as technology advances, human judgement will become even more crucial. While AI-enabled ERP software may be fully aware of all of your operations and facilities, its knowledge is only as good as the boundaries of your property. When analysing data provided by AI, your staff will still need to exercise their own discretion, particularly when it comes to product development and deployment. No matter how intelligent it becomes, the software will never be able to fully capture aspects like build quality and ergonomic function.

Communication and collaborating

As AI learns more about your output, it might suggest or recommend things that seem sensible on paper but aren't practical in practise. The software can advise beginning a run before sunrise or giving a maintenance worker hundreds of jobs to complete in one shift. Employees will need to step up in this situation. Team members should make use of AI advice but always keep their teammates' safety in mind, speaking out when recommendations get too complex.

Ability to Think Outside the Box

An AI solution should be able to function successfully if it has historical data to inform its choices. But what takes place when a rare circumstance arises? In that circumstance, it's possible for the system to have, at best, limited usefulness or to malfunction. Human workers, on the other hand, can devise workarounds using their knowledge and expertise. This inventiveness can enable your production lines to continue operating even when the unexpected occurs. You may encourage your staff to think creatively, which will make them more adaptable and crisis-responsible.

The Self-Motivation and Time Management Sector

Fourth industry revolution won't take place all at once. Employees will need to upskill as regular tasks are increasingly handled by AI software. They will assume new, more challenging roles that will provide them the opportunity to participate in work that has a higher impact. They will need to become familiar with new workflows, interfaces, and systems in order to succeed in this transformation. A dedication to lifetime learning and continuing education will be necessary for this. As staff training becomes a company-wide initiative, study techniques, self-motivation, and time management will all become crucially important.

First Hard Skill: Data Literacy

The capacity to read, manipulate, analyse, and communicate about data is known as data literacy. During the Fourth Industrial Revolution, as the physical and digital worlds grow more interconnected, employees will have more access to AI-driven insights than ever before. If employees can understand them, these insights can help organisations become quicker, smarter, and more competitive. We advise giving employees training in the use of analytics tools so they can make the most of the information at their disposal.

Second Hard Skill: Understanding of automation and AI

It's doubtful that any one individual will have all the expertise needed to operate every AI system. However, you might begin by concentrating on the types of AI applications that your company will probably use. When you introduce these technologies into your operations and production facilities, workers who are not at all familiar with them may find it difficult to adjust. Thus, fundamental AI training is a necessity.

Third Hard Skill: Online safety

As part of Industry 4.0, you must be ready to usher in brand-new risks as you bring in brand-new technologies. The most vulnerable tools will be those that are still in their infancy as new networks will be more connected than ever. Prior to implementing contemporary ERP, MRP, or SCM systems, it's critical to concentrate on acquiring the appropriate security talent. This is particularly true for businesses that intend to integrate some of their old legacy systems with the new technology. Your most valuable assets will be contained in these solutions, which will require a significant investment, thus it is worthwhile to preserve them.

Organisational Change Management: Its Importance

It might be decades before we witness Industry 4.0 in its entirety in action. However, you need to start discussing it with your staff right now. Change can be unsettling, especially when it involves technologies that may one day replace them in their current roles. They can be concerned about whether their positions will become outdated or what their new duties might entail. You can use organisational change management (OCM) as a strategy to get your staff ready for these changes. Your plan for reducing opposition and promoting the advantages of new tools should be outlined in an OCM plan.

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Conclusion

How Prepared Are Your Teams for the Fourth Industrial Revolution?

The workplace is beginning to resemble a scene from a science fiction film. The way organisations operate, connect, and make future plans is rapidly changing thanks to AI software and smart devices.

When the fourth industrial revolution is fully operational, it's time to consider the talents you'll want your staff to possess.

The implementation of the Odoo ERP is a specialty of Iconic Bizz. All services, including requirement gathering, implementation, and post-implementation support, are offered in one location. To learn more, get in touch with us.