When it comes to the future of jobs in Canada, there are numerous predictions and trends that should be monitored. We can expect these shifts to have a major influence on many individuals’ careers over the course of the coming years.
Automation will have a profound impact on the labour market. We must prepare for it and consider what skills will be necessary in the future.
1. Robotics and Automation
Robotics and automation have revolutionized manufacturing, taking over many of the repetitive tasks humans used to do. They’ve also created new roles like software developers and programmers who are responsible for maintaining and repairing industrial robots.
Robotics often produces items with greater accuracy than human workers can, which helps reduce errors and enhance product quality.
Safety is another advantage of automation – tasks that could put workers in potentially hazardous environments or with sharp objects can be delegated to robots for improved worker protection.
Cost-effective solutions exist for reducing errors and increasing quality. With less variability in production, shops are able to produce better products with fewer defects, leading to higher profit margins and reduced waste.
2. Artificial Intelligence
AI is an invaluable resource, applicable to everything from machine learning (ML) and cybersecurity to customer relationship management. It can assist in optimizing product sales, discovering new leads and opportunities, as well as guiding purchasing decisions.
However, AI is not perfect and may have some inherent flaws which make it less than ideal. Human prejudices, for instance, can influence how AI systems function.
One way to prevent this is by employing an adaptive, flexible approach to training and deployment. This ensures the algorithm is continuously exposed to new data, circumstances, and adapts its behavior accordingly.
3. Big Data
Every time a customer opens an email, uses a mobile app, tags a product on social media, walks into your store, makes a purchase online or talks to a virtual assistant, these technologies generate vast amounts of data.
Big data is the process of gathering, storing and processing large amounts of information to gain valuable insights. Organizations can benefit by improving efficiency levels, increasing profits or even creating entirely new business models with this knowledge at their disposal.
As a result, the demand for big data skills in our labor market is on the rise. Randstad, an international labour service company, reported that the Big Data Specialist profile was one of the three most popular profiles in 2017.
Cybersecurity is one of the most sought-after career fields today. The field offers numerous advantages that could make it ideal for those seeking a high paying job with excellent work/life balance.
It’s a rapidly developing discipline that incorporates multiple specialties from science, mathematics, business and engineering. For those who enjoy solving problems and thinking critically, engineering could be an ideal career option.
5. The Internet of Things
The Internet of Things (IoT) is an interconnected system of devices, sensors and networks that make our world smarter and more responsive. Through these interconnected systems, we can tackle real-world issues like congestion in cities or polluting water supplies.
The advantages of IoT extend beyond home and office to retail and public service industries. Utilities can use IoT applications to send alerts and mobilize resources during power or water outages, helping customers recover faster.
Companies can utilize IoT systems to remotely monitor machine performance in production. This could lead to more accurate production decisions and lower maintenance costs for businesses.