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WORKPLACE
Industry 4.0 - the fourth revolution that has occurred in manufacturing.
the fourth industrial revolution will take what was started in the third with the adoption
of computers and automation and enhance it with smart and autonomous systems
fueled by data and machine learning
computers are connected and communicate with one another to ultimately make
decisions without human involvement.
As a result of the support of smart machines that keep getting smarter as they get
access to more data, our factories will become more efficient and productive and less
wasteful.
Ultimately, it's the network of these machines that are digitally connected with one
another and create and share information that results in the true power of Industry 4.0.
Industry 4.0 applications today
Here are just a few of the possible applications:
By using the data from sensors in its equipment, an African gold mine
identified a problem with the oxygen levels during leaching. Once fixed,
they were able to increase their yield by
3.7%, which saved them $20 million annually.
Optimize logistics and supply chains: A connected supply chain can
adjust and accommodate when new information is presented. If a
weather delay ties up a shipment, a connected system can proactively
Autonomous equipment and vehicles: There are shipping yards that are
leveraging autonomous cranes and trucks to streamline operations as
they accept shipping containers from the ships.
Robots: Once only possible for large enterprises with equally large
budgets, robotics are now more affordable and available to
organizations of every size. From picking products at a warehouse to
getting them ready to ship, autonomous robots can quickly and safely
support manufacturers. Robots move goods around Amazon warehouses
and also reduce costs and allow better use of floor space for the online
retailer.
While Industry 4.0 is still evolving and we might not have the complete
picture until we look back 30 years from now, companies who are
adopting the technologies realize Industry 4.0's potential.
These same companies are also grappling with how to upskill their
current workforce to take on new work responsibilities made possible by
Internet 4.0 and to recruit new employees with the right skills.
AI applied to HRM
1) AI basics,
2) Five critical HR areas that AI is transforming.
PART 1: AI BASICS IN THE HR CONTEXT
In the current talent landscape, where skills have a shorter shelf life
than ever before, AI could prove to be the game changer.
Although they are loyal, if you want to keep hold of them make them feel
valued. Their experience is invaluable, especially when you have a workforce
full of enthusiastic, but often erratic millennials.
Take advantage of their strong management skills and work ethic to help train
your younger employees. Facilitate the passing of knowledge between
generations. Remember that baby boomers tend to be independent, so let
them do so as they feel comfortable.
Generation X
Gen X employees are technologically and internet-savvy, having seen
modern technology introduced during their youth.
Many of this generation grew up without heavy parent supervision so as a
result, also tend to be unafraid of working independently and taking risks.
They’re also entrepreneurial so trust them to find inventive solutions to
business problems and this will help your business’s agility in this ever-
changing world.
However, GenX is the generation of instant gratification and they believe in
a good work-life balance, so make sure they have the freedom to strike
that balance or they will seek it elsewhere.
Generation Y
They are pragmatic and hard-working, but they are jaded by the recent
economic downturn and its effect on their job-search. They aren’t as loyal as
previous generations and are open to new challenges. Provide ample
opportunities in-house to progress or to further their education to avoid losing
staff to your competitors.
In addition to personality differences, managers may have issues with the
generational spread because they feel that this generation simply does not
have the same set of skills as previous generations.
66% of businesses are still owned by Baby boomers, but most of their staff
are statistically millennials and this clash of ideas and skills may cause
conflict.
Remember, a business’s expectations should be managed based on the
makeup of its workforce as much as the whim of its owners.
How Are Tech-Savvy Millennials Shaping The Workplace?
Millennials are largely considered to be the most tech-savvy generation in today's workplace. This group of
people born between 1981 to 1997 grew up with technology. Technology continues to play a huge role in their
daily lives, and they do not expect the workplace to be any different.
Millennials are currently the most sought-after talent pool in any industry. Attracting and retaining a millennial
workforce has become a major priority for many forward-thinking companies. Similarly, millennials are slowly coming of
age and taking up leadership positions in society.
Finally, the tech savviness of the millennials means that they expect companies and products that they interact with to
be tech savvy as well. These factors have pushed business decision makers to recognize and understand the growing
influence of millennials in the workplace and find strategies to attract millennials for the future good of their business.
Considering their savviness with technology, they are the ones who will bring new and innovative ways to
enhance the security of the entire building. Their innovative solutions help make work systems run more
smoothly and efficiently, earning the company even more revenue in the process.
In order to keep up with this rapidly changing landscape, employers must implement a benefits administration platform
that integrates new employee on-boarding, employee management, time off, employee services, among other
functions that millennial employees now consider to be their rights. It is always important to motivate your employees
Millennials are also the most adaptable generation. They quickly learn new things, and especially new
technologies. Millennials know how to take advantage of the resources made available to them to sharpen old
skills and to learn new ones. Ebooks, tutorial videos, and even the entire Youtube platform is a testament to
how many different ways and how many new skills a person can learn within a relatively short time given the
right motivation. The ability to pick up and master new technology at a rapid pace also means that millennials
expect updates and software changes just as fast. Relevance is key, so they would rather have the latest
product in the market or none at all.
One of the biggest issues and complaints most businesses and workplaces have when it comes to millennials
concerns their problem-solving skills and practical application of technological advantages. Studies have shown
that millennials can often be narrow viewed, learning to utilize technology in ways that benefit them. For
example, they can use almost any device to access and carry out a wide range of activities on social media
platforms. However, these skills may be limited. Research has shown that many millennials cannot perform
most productivity related tasks such as sending an email containing data collected from a spreadsheet.
Similarly, social media can be a hindrance in the office. Most employers believe that employees who use social
media during work hours are less productive than those who do not. Ironically, employees who use social
media during work hours agree.
Their adaptability can make employing millennials a huge asset to the work environment of any business.
Although their constant exposure to technology and their high expectations can often have many drawbacks,
they are a generation that is willing to learn new things and can take on new challenges as they present
themselves. It's all part of being a millennial.