Skip to main content

Upskilling workforces for the 4th Industrial Revolution


On average, workers may need 101 days to train for their jobs by 2022.
By 2028, USD11 trillion could be added to global GDP if workers are prepared for the Fourth Industrial Revolution’s opportunities.
But to fully realize these growth opportunities, companies need to invest in life-long employability and address workplace skills gap.
How will companies reskill and upskill their workforces for the Fourth Industrial Revolution?

Comments

Popular posts from this blog

How will policies affect the construction industry?

-  Mr. Japnit Singh, Senior Director, Singapore and India, Spire Research and Consulting India, as the world’s seventh largest country by area and second biggest by population, is one of the most dynamically growing, but largely untapped construction equipment markets. From 2013 to 2020, it is estimated to grow six times to a size of USD20 billion to USD25 billion. The Planning Commission, Government of India, jointly with the Indian construction industry has set up Construction Industry Development Council (CIDC) to take up activities for the development of the Indian construction industry. The Council, for the first time in the country, provides the impetus and organizational infrastructure to raise quality levels across the industry. This helps to secure wider appreciation of the interests of construction business by the government, industry and peer groups in society. CIDC is a change agent to accelerate a process of self-reform that should enable the industry to

Egyptian-Israeli gas deal to boost bilateral trade

A USD15 billion deal has been announced between Israel and Egypt to export natural gas. Israel’s Delek Group has signed an agreement to supply 64 billion cubic meters of gas in a span of ten years to Egypt’s Dolphinus Holdings. The deal is considered a milestone ever since the 1979 peace accord, bringing Egypt a step closer to becoming a regional energy hub. However, the transportation of natural gas from Israel to Egypt is a challenge given the security risks. Will the Egypt-Israel gas export deal usher in a relationship of bonhomie and economic co-operation? Read more here:  https://www.spireresearch.com/newsroom/spirethoughts/egyptian-israeli-gas-deal-to-boost-bilateral-trade/

Eco-tourism creates ecological and economic benefits

According to the World Travel and Tourism Council, one in 10 people are employed in the travel and tourism industry world-wide, making up 10% of the global economy. Nature-based tourism has proved to be lucrative for many countries. Tourism in Africa is predicted to generate more than USD260 billion annually by 2030. Some countries protect endangered species and many acres of nature reserves through tourism. Can nature-based tourism help conserve species on the verge of extinction? Read more:  https://www.spireresearch.com/newsroom/spirethoughts/eco-tourism-creates-ecological-and-economic-benefits/

Painting with pollutants

Can you imagine using paint made from recycled air pollutants? A novel concept from India-based Anirudh Sharma’s Graviky Labs in 2013, Air Ink uses polluted air to create paint and ink. Their first line of products includes spray paints, oil-based paints and even pens where pigments were extracted from carbon soot taken from chimneys and exhaust pipes. A recent partnership with Tiger Beer resulted in the product being tested by local artists in Hong Kong. These artists were invited to use the ink in Hong Kong’s Sheung Wan district to paint murals. Considering the fact that Delhi is one of the world’s most polluted cities – rated as having the most polluted air in 2014 by the World Health Organization – this revolutionary concept could help find a silver lining amidst the smog. Can air pollutants be recycled into raw materials for paint? https://www.spireresearch.com/newsroom/spirethoughts/painting-with-pollutants/

Coffee waste helps cut food waste, carbon emissions and car weight at the same time

Automaker giant Ford plans to combat climate change by using McDonald’s food waste to make bio-plastics. By using the dried skin of coffee beans, Ford hopes to reduce food waste, reduce the weight of car parts and cut CO2 emissions all at the same time. Will food waste become a raw material for making automotive bio-plastics? Read more :  https://www.spireresearch.com/newsroom/spirethoughts/coffee-waste-helps-cut-food-waste-carbon-emissions-and-car-weight-at-the-same-time/