The sharing economy, jobs and skills

Abstract

The global economy is entering the third wave of information technology, characterized by interconnected platforms of people, objects and resources. The Internet of Things (IoT) as a technology-enabler of the Sharing Economy and its global platforms are due to grow exponentially in the next decade, placing demands on skills and changing the employment landscape. The demand for low-value-adding work will decrease as resources are used more effectively whilst the demand for information technology skills will continue to rise in order to meet the requirements of developing IoT products, software, apps, networks, cloud infrastructure, data management and information systems.