One of the great challenges of the business world is predicting which jobs will grow and which will disappear. Several companies and institutions are working to solve this great mystery, including the World Economic Forum (WEF), an international organisation that “involves society’s leaders of politics, business, culture and other spheres in shaping global, regional and industrial agendas.”At the end of 2018, this organisation published the Future of Jobs Report, which analysed the trends predicted for the 2018–2022 period in 20 economies and 12 different industrial sectors.
“The increased demand for new roles will compensate for the decreased demand for others,” noted Klaus Schwab, founder and executive chairman of the WEF, in the preface to the forecast document. The German economist is optimistic about the predictions because, although five million jobs will disappear, another 133 million new ones will emerge.The technological revolution will change business models in all industries.
A phenomenon that the Davos World Forum has already dubbed the Fourth Industrial Revolution. High-speed mobile internet, artificial intelligence, big data analysis, cloud-storage of information, augmented and virtual reality, and others factors will spearhead the adoption of new technologies by businesses. They will also change the dynamics of work, the competences required of workers and the gender gap in industry.