When we see a storm coming, we do our best to prepare. Spurred by the Fourth Industrial Revolution (4IR) the next two decades are likely to bring some very big threats to jobs right across the world. According to the World Economic Forum, 50% of all employees worldwide will need reskilling by 2025.
A recent study commissioned by a2i projects that 47% of the jobs in Bangladesh may be at risk by 2041 in 5 sectors — including 60% of jobs in readymade garments, which currently represents 81% of Bangladesh’s exports. However, the flip side of the potential threat to lose 5.5 million jobs through automation and 4IR is that the same technology revolution also has the potential to create 10 million new jobs.
Thus, we must prepare not only because we must address the threats of 4IR, but also because these threats are coupled with unprecedented opportunities which will not only overshadow the job losses but also ensure Bangladesh’s emergence as a high-income country.
a2i’s Future of Work Lab, in collaboration with the government’s education and skills development agencies, private sector companies, training providers, NGOs, and development partners, is exploring the potential of a data-driven adaptive system for jobs and skills in Bangladesh.
In doing so, it is orchestrating the process of creating a collective intelligence system that leverages data and insights gleaned from hundreds of public and private skills service providers, 40+ industry associations, and job seekers as well as 32 government departments under 23 ministries and agencies for responding to these challenges, providing workers, businesses and the government with an accurate understanding of the current facts, critical future trends and guidance on how to respond.
Analyzing the current facts and critical future trends generates actionable insights and guidance on how to respond.