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Technology employees in the era of Industry 4.0

March 30, 2018

In recent years, the term “Industry 4.0” has become more and more well-known, and it is gathering speed across make countries globally. What is “Industry 4.0”? How does it affect the IT workforce in Vietnam? 


What is “Industry 4.0”? 

Throughout history, the world has witnessed major changes thanks to the three big industrial revolutions. Given how rapid science advances, the world is entering the fourth Industrial Revolution, or Industry 4.0 in short. 


Originating from a German project, “Industrie 4.0”, Industry 4.0 is the inevitable trend where existing technologies are being connected and new technologies are being created, which will potentially affect all three sectors: Agriculture, Industry and Service. Blockchain, Artificial Intelligence, Machine Learning and Internet of Things are becoming the norm, despite not being on the scene ten or so years ago.  


Countless possibilities are becoming real in this new era.  


Robots are being created with learning capabilities through artificial intelligence, which allows them to assist humans and take over tasks that demand high levels of precision, or work in extremely challenging environments. Data is now put in cloud storage, with improved security through decentralized networks.    


Industry 4.0 is happening and it cannot be denied that Vietnam is part of this. Government procedures are going online. Automated vehicle and smart home models are being developed. People are switching to smartphones, with virtual assistants that support them with every demands. More than 65% of the population has access to the Internet, and with one touch they can gain access to limitless database of information and entertainment. 


IT workforce in Vietnam in the era of Industry 4.0 

It is certain that the IT sector will benefit from Industry 4.0 the most, for technology advancement is the foundation. However, the growing of workforce in Vietnam cannot keep up with the growth rate of technology. VietnamWorks’ research also showed that the number of jobs in this domain has increased by 47% by the end of 2017, but the number of employees has only increased by 8%. 


In addition, based on a report by the Ministry of Information and Communication, by the end of 2018, Vietnam will lack 70.000 IT professionals. This number will be even higher in 2020, where the demand gap for human resources in the technology field is estimated to be more than 500.000 people.   


Fortunately, there are many bright signs for the IT industry. According to VietnamWorks, the number of technology enterprises has increased by 69% since 2012, especially software companies which has grown by more than 120% in. Moreover, the demand for IT talents has been increasing exponentially since 2013 and is considered highest in 2018 based on recruitment reports.  


Furthermore, Navigos Search’s reports showed that the demand for mid and senior-level managers has increased by nearly 30% at the end of 2017 and is estimated to increase even more in 2018. This is an optimistic signal for workforce in the country, especially employees who wish to obtain mid or senior level management positions. 


Come to NashTech to make use of Industry 4.0