demands and past trends and instead base their models
on future expectations. Across industries, geographies
and job families, an ability to understand the current
skills base in near-real time and to accurately forecast,
anticipate and prepare for future job contents and skills
requirements will be increasingly critical for businesses,
labour market policymakers, workers’ organizations and
individuals to succeed. Drivers of change to job markets
such as big data analytics may themselves become use-
ful tools in managing this process.”
Big data already has made its way into the fuel
and ;uid handling equipment industry. Several PEI
member companies offer monitoring software that issue
alarms in real time when certain algorithmic conditions
are met. Data analytics determine which data is valu-
able and re;ect real leaks, theft, etc.
Connectivity continues to grow across industries and
continents. Technology research ;rm Gartner predicts
more than 20 billion devices will be connected worldwide by 2020.
Nevertheless, some businesses have yet to adapt to
the Third Industrial Revolution: the move to digital.
The Accenture 2019 Technology Vision highlights five trends that will shape
businesses during the next three years: