Life-long learning is bound to be part of the Fourth Industrial Revolution, which will force a business model change in all industries resulting in new categories of jobs, displacing others, says a report published by the World Economic Forum.
The skill set required will change the landscape of education and training. The report suggests that “65% of children entering primary school today will ultimately end up working in completely new job types that don’t yet exist.”
Nearly 50 % of subject knowledge acquired during the first year of a four-year technical degree outdated by the time students graduate, according to the World Economic Forum. Even people in STEM positions can expect to enter their professionals only partially prepared for what they will face on the job.
In order to manage these trends, the World Economic Forum (WEF) suggests that reskilling and upskilling talent across industries will be imperative over the coming decades. eLearning in all its forms from MOOCs to micro degrees to online coding boot camp programs holds the potential to growing need for continuing education across the career cycle.
This way the eLearning and the entire ed-tech sector is well positioned to experience substantial and even unprecedented growth.
