A report issued by the Canadian Chamber of Commerce shows how businesses should strategically “brace for change” when it comes to taking full advantage of future technologies, including automation, artificial intelligence, and advanced robotics.
In a report titled “Skills for an Automated Future,” the report outlines how global labour markets are adapting to the impact of new technology and the demand for skills to match.
As one participant in a Canadian Chamber of Commerce roundtable put it: “We are moving from a knowledge economy to a wisdom economy.”
In the report’s executive summary, the Canadian Chamber of which the local Sarnia Lambton Chamber of Commerce is a member, points out the need for businesses to view employee development as a competitive edge for attracting and maintaining the best talent.
There is also a need for an updating of government funding mechanisms for training to recognize the various educational pathways.
“The measurement of skills and competencies needed in the workforce, the transferability of qualifications and more flexibility for educational institutions can all support the workforce adaptation for future technology,” according to the report.
The full report can be accessed HERE.