According to a recent report from the World Economic Forum, 85 million jobs are expected to be displaced by 2025 and 97 million new roles may emerge due to digital transformation.

Amidst continual change and uncertainty, every organization must ask itself four questions: What are the skills of my workforce today? What are the skills that are emerging? How do we identify the gaps? How do we bridge those gaps?

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Since its establishment in 2017, SkyHive has emerged as a critical solution globally to solve several issues related to the future of work. The company has created the world’s most intelligent operating system to help people, governments and companies monitor how jobs, skills and training are impacting them, and what they can do to adjust to all of the changes.

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SkyHive’s technology identifies emerging skills that are forming future jobs in emerging areas such as renewable energy, the metaverse, climate tech, advanced manufacturing, and also tracking how current and traditional jobs are changing over time.

Some of the most prominent companies and governments in the world, including Accenture, Workday and Deutsche Bank, partner with SkyHive to support their strategic workforce planning, workforce transformations and reskilling initiatives.

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Tom Lounibos, Board Member at SkyHive, says these technologies will play a vital role in helping companies remain competitive in a transforming world:

“SkyHive has a new methodology, quantum labor analysis. This decomposes resumés and CVs into abilities and probably more importantly, it does the same thing on jobs. It takes broad views of roles, and decomposes them down to task levels, then down to skills levels, and then maps them together.”

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Quantum Labor Analysis  has solved problems that plagued governments and people leaders for decades, such as drastically increasing the recruitment of women into male-dominated roles. Chris Yeh, Advisor at SkyHive Technologies, explains how the methodology works in practice:

“Quantum labor analysis explodes the myth of the job title. We say, this person is a product manager, or a director of operations, but underneath that job title are individual tasks done on a day to day basis. Quantum labor analysis breaks down the job into all the individual skills. This gives us a better understanding of who the right candidate may be for a role: just because somebody didn't have a particular job title in their previous position, they would not have even been considered. With quantum labor analysis, not only can you figure out who are the right people for the job, but an individual can remix skills and experiences into different jobs in different industries. It opens up a whole new world of possibilities.”

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To achieve this level of analysis, Mohan Reddy, CTO at SkyHive Technologies says that they have built an industry-leading database:

“Behind the technology, powering the platform, is the world's biggest knowledge graph containing all of the world's labor market data. We have developed many layers of AI algorithms, which will power all of the applications of SkyHive.”

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Esther Wojcicki, Advisor at SkyHive Technologies says that big changes to the job market are coming in fast:

“Within the next five years, more than 50 percent of the world’s jobs will change dramatically. What skills do you have that can transfer to another job five years from now? You want to know that, and so does your employer.”

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SkyHive is also a leading proponent of ethical AI. Sean Hinton, Founder and CEO at SkyHive Technologies serves as one of Canada's representatives to the Global Partnership on Artificial Intelligence, hosted by the OECD and the G7 to build the world's first framework for ethical artificial intelligence. Hinton says that the democratization and transparency of data drive his vision:

“SkyHive is a B corporation, a for-profit social impact organization. We're a living wage employer, and we're a proud public proponent of the ethical use of artificial intelligence. Everything that SkyHive does is very focused on ethics and AI. SkyHive is an organization that wants to take companies into the future of work with a culture of diversity, quality and inclusion. I encourage every single person in the organization to be a thought leader and engage in the community within the four walls of SkyHive.”

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The culture is apparent in the vision shared by the team. Chris Yeh says:

“SkyHive brings transparency, rigor and detail to what actually matters for job performance. If we offer SkyHive to people who did not have opportunities before, we could sample what kind of skills they have and help them understand the possibilities they have and the additional skills that can open up a whole new world of possibilities.”

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Esther Wojcicki says that by offering unique solutions, SkyHive can answer the needs of individuals and businesses:

“SkyHive provides people with jobs that are meaningful, and employees that can do what companies need them to do. SkyHive is able to use AI to find what skills you have and how those skills might be used in another setting.”

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For Tom Lounibos, it all comes back to giving people the power to remain relevant in a world that is undergoing change:

“We have to attack this problem of reskilling in a whole different way. It's not that robotics and data are taking over the world. It's more about how we, as humans, work with those new technologies. That's the change that re-skilling is really attacking and what SkyHive is really addressing. And that's why it will be such an important company going forward.”

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As a result of its ground-breaking technology, SkyHive has been recognized as a World Economic Forum Technology Pioneer. SkyHive participates in several global initiatives such as the GPAI, and OECD’s Future of Work Task Force and other bodies where global decisions are being made on how to transition workforces of millions of people.