Skills vs Knowledge: Why This Debate Matters in Today’s Fast-Changing World

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Knowledge Economy And The Future Of Work

In this digital age of information overload, there is a greater need to teach our kids how to process information and how to make sense of it rather than giving them more information via curriculum.

Technologies in cloud computing, artificial intelligence, big data analytics, UX (User experience) design are rapidly evolving. In fact, they are evolving at an exponential rate. As a workforce, if we want to stay relevant, we need to be constantly upskilling and reskilling ourselves.

Knowledge is becoming cheaper and less important. In the near future, nobody will hire us because of what we know. We will be hired for our abilities to think, create and solve problems with what we know.

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Are We 21st Century Ready?

Generation Z (those born between 1995 and 2015) has entered the workforce? Are they ready for it?! Here are the top 10 job market skills of 2020. Notice how none of them have anything to do with specific technology or hard skills.

1. Complex Problem Solving
2. Critical Thinking
3. Creativity
4. People Management
5. Coordinating with Others
6. Emotional Intelligence
7. Judgement and Decision Making
8. Service Orientation
9. Negotiation
10. Cognitive Flexibility
Source: Future of Jobs Report, World Economic Forum, 2018.

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