Business school students about to enter the job market are concerned about their lack of digital skills when it comes to getting a job in Industry 4.0 - or the Fourth Industrial Revolution.
Industry 4.0 refers to the digitisation of manufacturing – or more specifically, how technologies such as IoT, machine learning and AI are working together to revolutionise production.
Highered, the online careers platform for the European Foundation for Management Development (EFMD), asked 1,060 business school students for their views on getting a job in Industry 4.0, whether they felt prepared and how their university/business school was supporting them.
When asked to rank skills they lacked most in preparing for Industry 4.0, 30% put “knowledge of digital skills” at number one. A further 15% cited “data analysis and interpretation” as number one, while 13% said “understanding of new and emerging technology” as number one. The respondents were less worried about a lack of skills in areas such as marketing and HR.