Industrial Revolution 4.0 and Job Fore-Casting: An Analysis of Future Job Market Requirements in Pakistan

Abstract

In this article, we examine the latest occupational forecasts to determine how emerging technologies have affected future job growth in the world, focusing particularly on Pakistan and generally on the whole world through collection of data from various job portals. The researchers have studied and reviewed more than 50 job forums, however, data was extracted randomly from only 18 selected job portals and freelancing sites. This process was done by using AI tool assistance. The job market trend shows that in wake of digitalization, AI, cloud computing, cyber security, E-businesses/services are highly demanded occupations worldwide. Moreover, the graph of bureau of emigration and overseas employment of Pakistan shows that the trends of technical skilled workforce like, electrician, plumber, welder, mason, heavy machine operators and drivers are more evident.

Keywords: Industrial Revolution, Skilled workers, Job Forecasting, digitalization