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    1.1- Digital Transformation and Industry 4.0 - Changes in the labour market

    Published: August 25, 2022

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    1.1- Digital Transformation and Industry 4.0 - Changes in the labour market

    • 1. HOW DIGITAL TRANSFORMATION IS CHANGING THE LABOUR MARKET HOW DIGITAL TRANSFORMATION IS CHANGING THE LABOUR MARKET
    • 2. Introduction Introduction Enthusiasts see digital transformation as a chance to drive a step-change and recapture EU countries industrial strength. The digital transformation will have large effects on the labour market. Previous studies mostly reveal that half of all current jobs are susceptible to automation in the next 10 to 20 years. The impact of digital transformation can be felt across all industries. This module will present the concepts of digital transformation and Industry 4.0. It aims to open trainees’ minds to change by presenting the vantages and advantages of digital transformation and Industry 4.0.
    • 3. Objectives Objectives Individuals who have successfully completed this training: Will be able to describe what are the more significant changes in its occupation according to digital transformation Will be able to plan changes that can be made in its occupation according digital transformation Will be able to evaluate what can be changed in their daily routine according digital transformation to be more efficient Will be able to guide others in the application of new digital resources in their occupation.
    • 4. Digital Transformation and Industry 4.0 concepts Digital Transformation and Industry 4.0 concepts Industry 4.0 is a concept where intelligent ICT-based machines, systems and networks are capable of independently exchanging and responding to information to manage industrial production processes, would pave the way to a new industrial age, the 4th Industrial Revolution which will radically transform industry, production value chains and business models in tomorrow’s “smart factories”. Industry 4.0 comprises the digitization and integration of supply chains, products and services. IT, machines and humans are connected, interacting in real time thus creating a more flexible, resource-efficient, customized way of manufacturing – the Smart Factory. Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how to operate and deliver value to customers. It's also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.
    • 5. Changes in the labour market  It is important to understand the different ways technology is changing the world of work: job substitution, job creation and job transformation. Job substitution is the real source of concern over job losses. Fears that technology will replace labour are not new, but historically technology has had positive effects on employment. The worry is that this time it is different. Innovation cycles are much faster; big data, cloud computing, 3D-printing and the platform economy are changing product markets, business models and work and, consequently, skill needs in all sectors. More disruptive change is on the way; the internet of things, robotics, new materials and nanotechnology, are all expected to affect value chains in the next decade. Changes in the labour market
    • 6. Changes in the labour market  Greater use of technology has created many new jobs. A couple of decades ago there were no web analysts, applications developers and big data specialists. ICT sector job growth in the EU was almost three times higher than in the rest of the economy over the past decade and remained strong during the economic crisis. Cedefop forecasts another half a million new jobs in ICT occupations by 2025. Technology may destroy some jobs and create others, but its greatest effect is transforming jobs and content. A 2016 study of a range of OECD countries calculated that on average just 9% of jobs were at high risk of automation, but at least 70% of the tasks in these jobs could be automated. Rather than the job itself, some tasks in a job are more likely to be automated than others. Changes in the labour market
    • 7. THANK YOU FOR YOUR PARTICIPATION  THANK YOU FOR YOUR PARTICIPATION  2018-1-TR01-KA204-058746 Funded by the Erasmus+ Program of the European Union. However, European Commission and Turkish National Agency cannot be held responsible for any use which may be made of the information contained therein.