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The Need for Skill Development in the Automotive Industry

The Need for Skill Development in the Automotive Industry | CredSure

The age of digitization has been constantly transforming industries around the world and among them, a sector that has perhaps undergone the most dynamic transformation is the automotive industry. 

With every new technology that has come into existence, new development and change have happened in the industry – from energy-efficient cars to driverless ones the evolution has been unstoppable. It is not just new products, but newer standards of functioning and evolving global laws that are not only redefining business but the concept of transportation in its entirety.

What does this relentless transformation mean for business owners and employers in the industry? Upgrading their workforce and adding new skill sets. 

The automotive industry is in one of the highest demand for new skills, despite the decelerating growth of its economy. Tackling the slowdown in sales also requires expert skill sets, which the industry is currently lacking. This comes as good news for professionals who are looking to upskill and/or upgrade their career.

What is Happening to the Automotive Industry?

But, before we dive into the opportunities in the industry, let’s take a look at what the state of talent is currently. In an article focusing on the state of the car business, The New York Times specifies that about 8 million people are directly employed by the industry with a lot more involved indirectly. 

Countries such as Germany rely heavily on the automotive industry to back their economy up. But with a significant decline in sales, producers are desperately looking for new talent to bring the world of transportation back to its feet.

What do Car Makers Need?

Carmakers around the world are now pressed for skill sets that will help them continue transforming their business. This constant evolution is the solution to accelerating the growth of the car industry. Cars have long gone from being a vehicle that takes you places to a symbol of power and convenience. 

Every new model is a new innovation rolled out by the industry. Experts opine that the automotive industry will trend towards using its talent to heavily implement Internet of Things (IoT) features; imagine a car that also doubles as your mini-office with your own personal assistant. Or, a vehicle that is essentially a hub of shopping and entertainment on four wheels.

Skill Sets that will Save the Day:

So what do all these impending changes for the automotive industry mean? An immediate need for new and highly skilled talent. With the industry’s aggressive investment in technology such as AI and IoT, it is reinventing its jobs so that the workers will focus on delivering more value-added work such as quality control. 

According to Accenture, the need of the hour is for the industry to equip its workforce with the appropriate knowledge of technology so that they are upskilled and can keep up with the growing demands. This means man and machine must work hand-in-hand to accelerate growth. And, for man to keep up, skill development is essential. According to Accenture’s report, 59% of automotive CXOs believe that Artificial Intelligence is crucial to improving their workforce’s productivity.

Making Full Use of the Expanse of Opportunities?

As it can evidently be seen, the automotive industry is in dire need of skill development and re-skilling. It is ready to embrace newer technologies and thus redefine job roles, which will not only open up more vacancies but also presents the opportunity for growth, innovation and learning.

While the industry understands the need for skill development amongst their workforce, only a few business owners (about 2%) are taking the onus of doing so. Thus, workers looking to make full use of these opportunities need to find new ways of doing so.

CredSure is designed to be that platform that will bring together the aims of the employees and employers alike. It not only connects professionals who are looking to upskill and reskill to established training institutions, but it also allows institutions to present graduates with blockchain-powered digital certification that can be used to verify skills set as they embark upon their journey to the top.