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4 Things Your Business Must Master By 2020 In Order to Be Successful

The business industry is one career with changes swooping in from every corner. A method may make the difference between a successful and a failed business today and mean absolutely nothing in the next few years. It just happens, and you have got to go with the flow.

The fourth industrial revolution pays more focus on innovations harness and use emerging technologies like the Internet of Things, Artificial Intelligence, nanotechnology, self-driving vehicles, nanotechnology, quantum computing, renewable energy, etc.

It is this explosion of new technology and the hunger for it that will lead to the rise of new businesses which will require different skill sets from both the employers and employees in the businesses. Increasingly smarter robots and other AIs are bound to take over some jobs. You will even find that some jobs that don’t exist today, or that are considered meaningless today will be in demand in the near future. All these points to one fact, that the business industry is ever-changing, and you need to be ready to accept these changes and adapt them if you want to stand any chance of staying on top of your game in this industry. This article sets to explain four things that your business must master by 2020 if you intend to remain successful in this industry.

1. Essential skills in the future

The future seems to be bleak for workers with the absolute certainty that robots are taking the place of humans in the offices as well as on the ground doing the hard-laborious work. This is the point where you find that ‘human skills’ can be relevant and important in a place of business. These skills are some of the things that can take many more years to be replicated and perfected by the machines if, in any case, it is possible down the road.

One skill that will still top the list even by 2020 is creative problem-solving skills. This is the ability to look at a problem from many different perspectives and then come up with an effective solution on how to tackle the problem.

2. Out with the old

As mentioned earlier, the business industry is one field where something can be ‘gold’ today and ‘crap’ tomorrow. Just as new industries will emerge and various new jobs appear, others will be replaced, become obsolete or disappear totally. Jobs like installation/maintenance, creative/media, office/administrative, manufacturing/production, and construction are the ones set to take the biggest hit by this time. Others will slowly fade away and eventually disappear.

3. More information

There is, however, no certainty which of these jobs will see a decline, but the jobs that will definitely be affected the most are the ones that are already using machines to help with their work. In the near future, you can safely bet that jobs will take more of an abstract form rather than the physical nature most people are still used to.

4. The future is here

Like all of the previous industrial revolutions, you can expect this industrial revolution to also disrupt the current industries, mostly through healthcare, transportation, and technology. Statistics and data reveal that by 2020, we should expect that about 5 million jobs will have disappeared due to automation, explains a report by the World Economic Forum in 2016.

Final thoughts

In the future, you can expect that illiteracy may not be an issue. So long as you can learn, unlearn, and relearn, you will surely have a place in the 21st century and from 2020 onwards. Let’s wait and see what happens then.

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