By Megha Merani
Mohammed Amin, senior vice president, Middle East Africa and Turkey, Dell EMC said keeping pace with digital transformation is crucial to staying in business
Hiring in the future will be based on a applicant's ideas not qualifications, an executive of one of the largest technology companies in the world said at the Arabian Business Forum on Monday.
Speaking about the 'Impact of emerging technologies on human life and business', Mohammed Amin, senior vice president, Middle East Africa and Turkey, Dell EMC, said: “Companies are not hiring the standard engineer anymore. It will be about how innovative you are and do you have new ideas?”
As machines continue to displace jobs in every industry across the globe, Amin said employers in the future will care most about how innovative a potential candidate is so they can foresee and creatively adapt to new business models.
“Because when machines are next to us, they will take all the jobs that take our time (and) they will allow us to unleash our ideas more and more,” he said.
"It’s hilarious to ask any business (today) how will your business model look like in the next 5 years... 52% don’t know how it will look like.”
Pointing to the downfall of Nokia as an example, once the most dominant force in the wireless world, Amin said keeping pace with digital transformation is crucial to staying in business.
He explained: "So let me ask everybody a question, the top 500 fortune companies of 1960, how many of them are still here today? Almost none. Nokia, you remember that? At a certain time, its market cap was $80 billion. It was sold for $4 billion after a few years later. It was one of the first companies who were offered the patent for the smartphone, which they refused. They saw the future very wrong.”
Amin said even in present times, despite noteworthy examples like the mobile phone pioneer, companies still remain challenged on how to cope with the fast-paced realities of going digital.
"It happens today too,” he insisted. “I see it with the large enterprises. They’re very confused when it comes to digital transformation.”
The deciding factor for survival, he said, is the choice to transform and hiring people that can too.