How the IoE Will Drastically Change the Job Market

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How the IoE Will Drastically Change the Job Market

by Tae Yoo, Senior Vice President, Corporate Affairs, Cisco
Students in Milan learning the importance of the Internet of Everything during their hands-on lessons in IT.
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How will the #IoE change the #jobmarket? @HuffPostImpact @CiscoCSR @CiscoNetAcad #SkillsGap
Tuesday, September 8, 2015 - 12:05pm

The Internet of Everything (IoE) is poised to generate broad implications across technology and business markets -- and especially jobs. Last year, there were more than 201 million people unemployed globally, and this number is expected to increase by three million in 2015 and eight million in the following four years. In fact, the World Economic Forum ranked unemployment as the highest economic risk in terms of probability of occurrence. There is a clear connection between IoE and the job opportunities it creates, which can help alleviate this unemployment challenge, especially among youth.

A new Gartner study, supported by Cisco Corporate Affairs - the "Cisco IoE / IoT Employment Opportunity Creation Analysis" defines the landscape of job opportunities related to IoE. This will be the most exciting phase of the Internet yet, and Cisco believes its impact on society will be five to 10 times greater than the impact of the Internet to date. According to Vision Mobile, there will be 4.5 million entrepreneurs, innovators, and developers working on projects related to IoE by 2020.

Continue reading on on Huffington Post's ImpactX blog >>>

Keywords: Diversity & Human Resources | Education | Jobs in Tech | STEM Education | STEM careers | Social Innovation & Entrepreneurship | Tech Talent | Technology | cisco csr | impactx | internet of everything