World Economic Forum
Master this skill to build fast-moving, future-ready teams: Siemens CEO Roland Busch
Oct 12, 2023
Siemens CEO, Roland Busch, discusses the impact of digital transformation and the skills needed for future-ready teams. He emphasizes the importance of empowering teams and making decisions near the bottom of organizations. Busch shares his reliance on problem-solving skills from his PhD in physics and highlights the power of inclusiveness and diversity in fostering innovation.
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Quick takeaways
- Technology is reshaping Siemens and requires managers to empower teams and make decisions closer to the bottom of organizations in order to compete in a fast-changing world.
- Siemens CEO Roland Busch emphasizes the importance of reskilling and upskilling employees to adapt to the changing technological landscape and encourages the development of soft skills and a growth mindset.
Deep dives
Digital Transformation and its Impact on Industry and Tech Jobs
The digital transformation is reshaping industries like healthcare and manufacturing, making them more sustainable and efficient. This transformation is also driven by the need to adapt to an aging population and labor scarcity. The CEO of Siemens, Roland Bush, highlights how new technologies like the Internet of Things (IoT) are shaping industries, and how tech jobs are evolving. He emphasizes the importance of bridging tech gaps through innovations like low-code software, making tech roles more accessible. Siemens has developed retraining initiatives to upskill and reskill employees, ensuring they can adapt to new technologies and job requirements.
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