Over 5 million jobs will be lost due to the 4th industrial revolution, report says

Data storage. [Photo/Xinhua]

The survey shows that nearly 50 percent of interviewees from developed markets said that the education they received is not suitable for jobs.

According to Infosys Chief Executive Vishal Sikka, technologies have evolved far faster than what was thought possible even 10 years ago, while the educational system remains wedded to practices initially designed for agrarian societies 300 years ago.

"We must transition away from our past; shift the focus from learning what we already know to an education focused on exploring what hasn't happened yet," said Sikka.