New skills adapted to the changing professional demands of today’s industry

Some of the most needed skills right now are Cyber ​​Security, Machine Learning, Artificial Intelligence, Data Science, Business Analytics, Cloud Computing, Internet of Things (IoT), Blockchain , Big Data engineering.

By Professor Tapan K Nayak

The business world is in a perpetual state of flux and innovation. The dynamism of industry and business has been particularly amplified by the Covid-19 pandemic, which has changed the paradigm by the penetration of digital in all spheres of business. Today, managers and entrepreneurs need to hone their existing skills and also upgrade and renew their skills to meet the changing demands of industry in today’s VUCA environment.

Here are some important skills that will help build skills and meet the job demands of the industry post-pandemic:

Emotional intelligence: Beyond business acumen, it takes a hands-on work-based approach that uses emotional intelligence to foster better engagement with all stakeholders, make calm and informed decisions, optimize performance and manage organizational needs effectively and efficiently.

Flexibility and adaptability: Resilience has been the biggest lesson of the pandemic. Through research, technology, and innovative practices, managers have been able to adapt to the ever-changing business ecosystem and make quick decisions about products, services, pricing, marketing, and concepts. McKinsey research shows that adaptability is the critical success factor during times of transformation and systemic change.

Crisis management: Crisis management has been seen as the most in-demand skill in the business world where disruptive practices fuel competition and where unprecedented crises such as Covid-19 have had a life-altering effect on businesses. From now on, managers must be all the more capable of anticipating, identifying, controlling or preventing a crisis situation thanks to effective emergency plans.

Data analysis: Data is the proverbial new oil, and data analytics proficiency goes a long way to driving business value. Algorithms glean relevant data from the vast amount of information available and allow data analysts to arrive at conclusions to drive an organization’s growth, solve problems, innovate, introduce new products, capture more market, recall products, improve customer acquisition, improve customer experience, improve employee performance and even revamp the organizational structure. Therefore, data-driven decision making will be the trend in the future.

New age skills: Some of the most needed skills today are cybersecurity, machine learning, artificial intelligence, data science, business analytics, cloud computing, Internet of Things (IoT), blockchain, the engineering of big data, on which to thrive to stay ahead in a highly competitive environment.

Skills for problem solving: Among the skills that still remain relevant for jobs is an employee’s problem-solving ability. It requires sharp critical thinking to analyze problems and both the eagerness and skill to arrive at timely solutions. Design Thinking is a practical practice for this purpose.

Competence in working from remote areas: The conventional definition of the workplace has changed. Telecommuting is the new normal regardless of the sector. As a candidate looking for a job, one must be competent to work remotely. The candidate must be proficient in the use of digital tools and platforms such as G-Suite, Zoom, Teams, etc. to be able to meet all the demands of modern jobs.

Virtual networking: All businesses are created from networks, both inside and outside the organization. Decentralization, delegation, departmentalization, communication and coordination take place within well-formed virtual networks in the current era. Virtual networking is a highly desirable skill for those who want to excel at their job.

Creativity and innovation: Thinking out-of-the-box has been the main catalyst for disruption in the industry. Workers, managers and businessmen of the new era must reflect to be creative and innovative in their work. Today, innovation and creativity resides in experimenting with new ideas, taking risks, experimenting with technologies and business models.

Digital competence: Basic digital literacy, especially proficiency with word processing and spreadsheet programs, such as Microsoft Word and Excel, provides a significant advantage in the workplace. Employees are expected to have these important skills to complete important tasks such as writing reports, compiling spreadsheets, or writing letters. In some fields, such as marketing, mastering the use of social media is a highly relevant skill for the changing job demands of today’s industry.

The author is the director of Jaipuria School of Business.

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