June 15, 2019
June 15, 2019
October 19, 2019
College Industry Partnerships
The 4th Industrial Revolution and the Coming Talent War - Today, the 4th Industrial revolution (Industry 4.0) is in full progress, reshaping the technology landscape and redefining the requirements for talent trained in state-of-the-art technologies. Technology demand is out-pacing training capacity, causing an all-out war for talent. The Manufacturing Institute reports that over the next decade 3.5 million manufacturing jobs are going to need to be filled, yet two million of these jobs will remain unfilled. Furthermore, the World Economic Forum estimates that 65% of children entering primary school today will ultimately end up working in completely new job types that currently do not exist. This research seeks to identify emerging trends, pinpoint challenges and opportunities and gain insights into the technical, cultural and socio-economic forces shaping the talent pipeline, and what the implications are for industry and educators in the years ahead. This research will produce the new insights into how Industry 4.0 is shaping the talent needs in the U.S. and around the world. The research objectives are to: 1. Gain insights into the emerging trends and forces shaping the talent today and the emerging talent needs of tomorrow. 2. Explore the intersections and relationships between the eight segments of Industry 4.0, including the identification of specific needs related to talent development. 3. Identify the talent centric challenges and opportunities facing industry as they relate to Industry 4.0 and the eight technological sectors. 4. Gain insights into the cultural and generational forces shaping the talent pipeline, and how they relate to current and future employment and job creation. 5. Assess the implications of Industry 4.0 for industry, educators and policy makers.
This research will include valuable new insights into the future talent needs related to the eight segments of Industry 4.0. Armed with these data-driven insights and new knowledge, industry and educators will be better prepared to collaborate and lead their company or institution’s talent development strategies. The research outcomes include: 1. A data-driven and rigorous overview of the current state of the talent pipeline and what the future needs will be to guide industry and educators to work together to strengthen the human component of Industry 4.0. 2. A comprehensive overview of the talent landscape including key trends and implications related to demographics, generational shifts and human interface associated with the eight technology sectors driving Industry 4.0. 3. A detailed list of the challenges and opportunities related to developing the necessary talent pipeline that will be required for U.S. industry to maintain a global leadership position. 4. An informed recommendation of what industry, education and government can do to collectively develop, grow and maintain appropriate talent pools to leverage Industry 4.0 and the eight technology sectors associated with it.
Pistrui, D., & Kleinke, D. K. (2019, June), The 4th Industrial Revolution and the Coming Talent War Paper presented at 2019 ASEE Annual Conference & Exposition , Tampa, Florida. 10.18260/1-2--33367
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