2025, Africa jobs which were common place in 2015 will no longer exist. Students graduating in 2016, will have obsolete qualifications for which there will no longer be a profession by 2025.
- Front-line military personnel will be replaced with robots
- Private bankers and wealth managers will be replaced with algorithms
- Telemarketers, Data Entry Capturers, Tax Preparers, Lawyers, Accountants, Actuaries, Statisticians and Consulting Engineers will be replaced with Artificial Intelligence (AI).
New business models, like those of Uber and Alibaba, are already industry-shaping disruptors, and each day, new digital innovators are emerging to cause disintermediation and disruption across every industry imaginable.
Traditional enterprises, whilst presently successful by today’s standards, are scrambling to make sense of Business Digitisation in order to stay relevant in the Digital future.
Many are attempting to create new Digital business models which will eventually cannibalize their traditional business, rather than capitulating to new disruptive Digital start-ups. Companies are also digitizing their products and services, along with operational processes and customer channels.
Over 70% of top fortune 500 companies have plans to offer their products as a Digital service by 2020. Presently, the 10 most valuable start-ups globally are estimated to have a value of $172.7 billion – all embracing Digital platform based business models. Around 90% of the business models in 2020 will be driven by the cloud.
Globally, the number of connected devices will nearly quadruple by 2025, significantly altering the skills employers hold most valuable. Increasing connectivity will change how employees choose to work (for example: remotely, part-time, independently, or dispersed), and provide employers with a spectrum of hiring options.
Millennials, most of whom are Digital Natives, will comprise an estimated 48.3% of the global labour force in 2025, while those aged 60 and older will comprise 9.9% (compared with 7.9% in 2015).
The line between what has traditionally been business and IT is becoming more and more blurred. Largely due to the early adoption and impact of Digital marketing, The Chief Marketing Officer, now controls a bigger “IT” budget and influence than the CIO. This is only set to increase and expand across the organization, as Digital Natives become future business leaders.
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