Week 3 Future of Work Digital Capabilities 2 (1)

Course Overview

Page 1: Introduction

• Course Code: BSB105

• Course Focus: The future enterprise at QUT, including the exploration of emerging business models, workforce dynamics, and technological advancements shaping the business landscape.

Page 2: Acknowledgment of Traditional Owners

• QUT acknowledges the Turrbal and Yugara peoples as the traditional owners of the land.

• Respect is paid to their Elders, laws, customs, and spirits of creation.

• This acknowledgment reflects an emphasis on the importance of Aboriginal and Torres Strait Islander peoples within the QUT community, promoting initiatives that foster inclusion and respect for diverse cultures.

Page 3: Semester Schedule

• Overview of Semester 1, 2025

  • Week 1: Welcome and Introductions - Setting course expectations and fostering a sense of community.

  • Week 2: Business Management 101 - Fundamental concepts of business management, focusing on principles that govern organizations.

  • Week 3: Future of Work: Digital Capabilities - Analysis of essential digital skills and competencies required in the modern workplace.

  • Week 4: Future of Work: Leaders of Tomorrow - Examining the traits and skills of effective leaders in dynamic work environments.

  • Week 5: Economy of Algorithms - Exploring the role of algorithms in business decision-making and implications for market competition.

    • Assignment 1 due: 28 March 2025 at 11:59 PM

  • Week 6: Digital Transformation - Understanding the journey of organizations in adopting digital practices to improve efficiency.

  • Week 7 & 8: Business of Technology - Comprehensive study of how technology drives business strategy and operations, including case studies.

  • Week 9: Building a Business Case - Practical skills for creating compelling business proposals that justify investment in technology.

    • Assignment 2 due: 2 May 2025 at 11:59 PM

  • Week 10: Technology Adoption - Strategies for overcoming challenges in technology implementation within organizations.

  • Week 11: Client Week - Hands-on opportunities to engage with real clients and apply learned concepts to practical scenarios.

  • Week 12: Business Ethics and Decision Making - Critical analysis of ethical considerations in business practices related to technology.

    • Assignment 3 FAQs

    • A3 due: 30 May 2025 at 11:59 PM

  • Week 13: Review Consultation - Final discussions and consultations to consolidate learning and prepare for assessments.

Page 4: Course Learning Objectives

• Developing a Business Case

  • Focus on creating a persuasive business case for innovative technologies that align with digital strategies and organizational goals.

• Future of Work

  • Understanding relevant digital capabilities necessary for effective workforce participation in an increasingly digital environment.

• Business of Technology

  • Learning about emerging technologies and their implications for business operations, including challenges related to information security and privacy.

Page 5: Lecture 3 Insights

• Future of Work: Digital Capabilities

  • Identification of key priorities for workforce development from 2023 to 2027:

    • Analytical thinking - The ability to analyze data and make informed decisions based on that analysis.

    • Creative thinking - Generating innovative ideas and solutions through imagination and originality.

    • AI and big data - Understanding the integration of artificial intelligence in processing and leveraging large datasets.

    • Leadership and social influence - Skills that foster collaboration and direction within teams and organizations.

    • Resilience, flexibility, and agility - Adapting to change and recovering from setbacks in a fast-paced work environment.

    • Curiosity and lifelong learning - A commitment to continuous personal and professional development.

    • Technological literacy - Proficiency in using technology effectively in various contexts.

    • Design and user experience - Focusing on user-centered design and enhancing user interactions with technology.

    • Motivation and self-awareness - Understanding one's own drives and the impact of one's behavior in professional settings.

    • Empathy and active listening - Essential interpersonal skills that foster effective communication and collaboration.

  • Framework Utilization

    • Development of role profiles and reflective questions to assess and guide the enhancement of digital capabilities among students.

Page 6: Lecture 4 Agenda

• Visitors Include: Careers Team

• Topics: Future of Work, Jobs of the Future, Digital Capabilities - Covering how businesses can prepare for and respond to changes in job landscapes and skills requirements.

• Content Integration: All findings and discussions are to be integrated into Assessment 1 for practical application.

Page 7: Conceptualizing Future of Work

• Defining the nature of work and its implications for future workforce dynamics, aiming to prepare students for successful careers in a rapidly evolving environment.

Page 8: Work Defined

• Work is defined as the effort exerted to achieve specific results, which can be driven by economic and political influences within society.

Page 9: Inquiry into Digital Transformation

• Investigating the role of automated decision-making in workplaces and its implications for employee roles and corporate governance.

Page 10: Engage with Technology's Impact

• An opportunity for students to express concerns regarding the impact of technology on the workplace, with a feedback form link provided for structured responses.

Page 11: The Rise of Automation

• General assumptions postulated about the transformative nature of AI in labor markets, and how these technologies redefine job functions and business operations.

Page 12: Socio-technical Change

• Emphasizes that simplistic predictions about technological advancements often oversimplify the realities of change; a collective responsibility exists to reject negative technological implementations.

Page 13: Future of Work - A Dual Perspective

• Examination of Utopia versus Dystopia in workplace technology integration, encouraging critical thinking about the consequences of these advancements.

Page 14: Technology Requires Skills

• Changes in Required Skills:

  • Emphasizes the shift in required skillsets due to AI's growing influence on various industries.

Page 15: Responding to AI Trends

• Employers' Strategic Adaptations:

  • Strategies that employers can implement to adapt workforce structures and roles in response to evolving AI trends and technologies.

Page 16: Focus on People Not Jobs

• Organizations should prioritize supporting their workforce and enhancing employee skills over merely protecting specific jobs in light of increasing automation.

Page 17: World Economic Forum

• Providing insights into the future job market, including data analytics on employment trends and forecasts for 2025.

Page 18-19: Overview of WEF

• Detailed description of the World Economic Forum as an influential platform that fosters cooperation among public and private sectors, emphasizing its role in promoting impartial analysis of global economic situations and challenges.

Page 20: Future of Jobs Report 2025

• Insights from the World Economic Forum 2025 report focusing on projected skill demands and workforce changes anticipated in the evolving job landscape.

Page 21: Workforce Development Priorities

• Recap of the top skills prioritized by businesses from 2023 to 2027, aimed at aligning educational objectives with market needs.

Page 22: Skills on the Rise

• Evaluation of skills that are increasing in importance, identifying trends that shape the modern workplace and drive employee competencies.

Page 23: Wage Allocation Trends

• Insights into employers' expectations regarding wage structures and workforce adaptations influenced by AI and technological advancements.

Page 24: Job Growth Projections

• Overview of projected job growth in sectors significantly influenced by technology, highlighting new opportunities for job seekers.

Page 25: Declining Jobs

• Identification and analysis of jobs that are anticipated to decline due to technological advancements, emphasizing the need for workforce reskilling.

Page 26: Job Market Trends

• Detailed projections concerning job creation and displacement trends from 2025 to 2030, providing a critical framework for understanding labor market dynamics.

Page 27: Technological Literacy

• Strong emphasis on technology literacy as a vital skill across all industries, urging students to assess and develop this competency continuously.

Page 28: Digital Capabilities

• Importance of digital capabilities and their relevance in current job markets, highlighting key areas for student development.

Page 29: JISC Overview

• Explanation of Jisc's role in promoting digital transformation within the education and research sectors, focusing on its mission to enhance student outcomes through technology initiatives.

Page 30: Defining Digital Capabilities

• Importance of evaluating and improving digital competencies for students, ensuring they are well-prepared for the future workforce.

Page 31-36: Categories of Digital Capabilities

• Overview of various categories of digital skills crucial for modern employment, including:

  • Digital Creation - Skills related to producing digital content and products.

  • Digital Problem-Solving - Approaches to addressing challenges using digital technologies.

  • Digital Learning - Strategies for effective online learning experiences.

  • Social and Media Literacies - Navigating and utilizing social media platforms effectively.

  • Communication and Collaboration Skills - Essential skills for effective teamwork in digital environments.

Page 37: Digital Identity and Wellbeing

• Focus on managing digital identities alongside the impact of technology on personal wellbeing, advocating for a balanced approach to digital engagement.

Page 38: Skills Reflection

• Understanding current skills and recognizing opportunities for lifelong learning to stay competitive in the job market.

Page 39: Key Takeaways

• Career support resources are available for students at QUT to aid in their career development.

• Acknowledgement that the future of work is digital in nature, necessitating adaptation.

• The JISC Framework serves as a tool to help track student progress in developing essential digital capabilities.

Page 40: Conclusion

• Course code reiteration: BSB105, emphasizing the ongoing exploration of the future enterprise and the importance of staying informed on industry trends.

Important Digital Capabilities Required for Business Graduates

1. Analytical Thinking: The ability to analyze data effectively for informed decision-making.

2. Creative Thinking: Generating innovative solutions and ideas in business contexts.

3. AI and Big Data Competency: Understanding the integration of AI in processing large datasets for business insights.

4. Leadership and Social Influence Skills: Fostering collaboration and providing direction within organizations.

5. Resilience, Flexibility, and Agility: Adapting to change and overcoming setbacks in a fast-paced environment.

6. Technological Literacy: Proficiency in using technology effectively in various business contexts.

Importance of Digital Capabilities in Specific Areas of Business

• Businesses must prepare for digital transformation, ensuring that workforce members can navigate changing technologies and strategies effectively.

• Digital capabilities are essential for functions such as marketing, finance, and operations, where technology integration is increasing.

• Competencies in digital tools and platforms enable effective collaboration, communication, and productivity across teams.

Importance for the Future of Work

• The future workforce will require continuous adaptation to advancements in technology and methodologies. Digital capabilities are pivotal to maintaining competitive advantage.

• Employers favor candidates who exhibit strong digital skills, recognizing their necessity in improving workflow and enhancing decision-making capabilities.

Summary

Digital capabilities play a crucial role in shaping the competencies of business graduates and professionals. As technology evolves, these skills are foundational for effective engagement within the workforce, ensuring readiness for emerging challenges and opportunities in various domains of business.