0 comments on “The rise of Digital Challengers (CEE) – McKinsey research”

The rise of Digital Challengers (CEE) – McKinsey research

For the countries of Central and Eastern Europe (CEE), the potential economic benefits of digitization are great: up to €200 billion in additional GDP by 2025. This economic boost would lead to greater global competitiveness and prosperity for the region’s 100 million people. While the digital transition also harbors potential risks in the form of shifts in society, public and private-sector leaders can take effective actions to mitigate them whilst pursuing the digital opportunity.

source: https://digitalchallengers.mckinsey.com

0 comments on “New skills now – Inclusion in the digital economy (report)”

New skills now – Inclusion in the digital economy (report)

Increased global connectivity, exponential advances in processing power, the flow and accumulation of data, and rapidly dropping price points are fueling technological innovation at a speed and scale we have not seen before. In the past, economies have benefited from technology change. But these shifts occurred over decades. Today, the cumulative effect of technology is accelerating progress exponentially. Internet penetration, mobile phones and data availability have skyrocketed, facilitated by the rapidly dropping cost of hardware.

source and more: Accenture report

0 comments on “Schools should teach the curriculum of the future, not the past”

Schools should teach the curriculum of the future, not the past

Robots, artificial intelligence, automation – no longer the stuff of science fiction movies. Overwhelming evidence shows the shift in what the workforce needs is already underway and that it will continue to grow much larger in the future. All around the world, leaders from government and industry debate the future of work and the changes brought by technology and automation. Despite this, the world is not reacting fast enough to update our system of education.

According to analysis of 750 occupations by the McKinsey Global Institute, 51% of job activities are highly susceptible to automation – and that’s through adapting currently demonstrated technology alone. It’s also important to note that these activities span jobs across industries as well as skill and wage levels. This indicates that automation is much less likely to lead to the mass unemployment predicted by alarmists but is almost certainly going to necessitate the redefinition of most occupations and requisite skills.

To prepare all students with the creative, collaborative and digital problem-solving skills of the future, schools must teach computer science as part of the core curriculum. Computer science is not just about coding. It is also about computational thinking, interface design, data analysis, machine learning, cybersecurity, networking and robotics. Learning computer science encourages creativity, problem-solving, ethics and collaboration – skills which aren’t just important for technical careers in the developed world, but valuable for every career in all economies. What’s more, in a study of how students felt about their classes, computer science and engineering trailed only the arts in terms of classes they liked the most.

 Change the Equation and C+R Research

Education leaders should discuss removing aspects of the curriculum of 1918 to make room for the curriculum of 2018. Computer science shouldn’t be relegated to after-school clubs, robotics contests or hackathons. It shouldn’t be accessible only at a premium but taught as part of the primary and secondary school day, accessible to all students.

source and more www.weforum.org

0 comments on “Seminar talks future of Vietnamese digital economy”

Seminar talks future of Vietnamese digital economy

Hanoi (VNA) – A scientific seminar to offer strategic forecasts about the future of the Vietnamese digital economy took place in Hanoi on December 14. 

The event was co-organised by the Vietnam Academy of Social Sciences (VASS) and the Australia-based Commonwealth Scientific and Industrial Research Organisation’s Data 61 project. 

Speaking at the event, expert Nguyen Thu Nga from the VASS said the Vietnamese government has tapped into the potential of digital economy by issuing a master plan on the development of e-commerce and a national high technology development programme. 

The number of Internet subscribers soared 320-fold to 64 million in January 2018 from nearly 200,000 in 2000. 

Australian digital economy expert Jessica Antherton said digital economy is one of the pillars of economic growth as countries worldwide are embarking on the fourth industrial revolution. 

She pointed out seven key trends impacting the Vietnamese digital economy till 2040, including emerging digital technology that will improve production, further focus on cyber and private security, energy and infrastructure in service of digital network, smart city development, increase in the middle-income class in Asia, wider gap in income, and increase in the use of high-value products and services. 

There remains room to develop digital economy in the next two decades, but it should be directed cautiously, she said. 

Participants at the event discussed trends and risks affecting the Vietnamese digital economy and what Vietnam could do to avoid economic failures or crises in each scenario.

0 comments on “First Arab Digital Economy conference kicks off in Abu Dhabi”

First Arab Digital Economy conference kicks off in Abu Dhabi

ABU DHABI – 16 December 2018: The first Arab Digital Economy Conference kicked off in Abu Dhabi on Sunday under the aegis of Sheikh Mohamed bin Ziyad al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme commander of the UAE’s armed forces. 

Chairman of the Arab Federation for the Digital Economy and an adviser to the Council of Arab Economic Unity (CAEU) Ali el Khoury voiced hope that the two-day conference would be a turning point in developing the digital economy. 

Governor of the Central Bank of Egypt Tarek Amer and former telecommunications minister Atef Helmi attended the first session. 

The conference will for the first time present an initiative for a common Arab digital economy strategy under the theme of “A Common Vision For an Arab Digital Economy Initiative.” 

The council had chosen Abu Dhabi to kick off the conference in its first ever edition because the leaders of the UAE presented their expertise and achievements in supporting a common Arab vision for a digital economy. 

The conference will showcase different parts of the strategy, as well the economic opportunities in Arab countries that have resulted from the digital transformation.

source: www.egypttoday.com

0 comments on “Cybersecurity as key for a Digital Economy and Society – ICT 2018 (Vienna – 4-6 December 2018)”

Cybersecurity as key for a Digital Economy and Society – ICT 2018 (Vienna – 4-6 December 2018)

Hall A, Level 2, 05/12/2018 (09:3011:00)

The session focus on strategic areas where the EU needs to invest in order to reinforce its cybersecurity, and thus protect its economy and society: research, innovation, and industrial capabilities. The debate highlight examples of cybersecurity impact in different domains/application areas.

Europe needs to develop further essential capacities to secure its digital economy, society and democracy. The session aims to stimulate the debate on how to achieve this goal. The session also make the case for the Commission’s initiatives in the area of cybersecurity research and innovation, raising awareness on various challenges in economy and society.

Speakers

Alexandra MANIATI (European Banking Federation, Belgium), SpeakerAnand PRASAD (NEC Corporation, Japan), SpeakerKai RANNENBERG (Chair of Mobile Business & Multilateral Security at Goethe University Frankfurt, Germany), SpeakerJesper RASMUSSEN (EASA, Flight Standards, Germany), SpeakerKhalil ROUHANA (European Commission, DG Communications Networks, Content & Technology, Belgium), SpeakerKatrina SICHEL (Wit and Word Communications sprl, Belgium), ModeratorOndrej VLCEK (Avast, Czech Republic), SpeakerStephanie WEHNER (Delft University of Technology, QuTech, Netherlands), Speaker

source: www.ec.europa.eu

0 comments on “Pakistan’s digital revolution is happening faster than you think”

Pakistan’s digital revolution is happening faster than you think

CPEC

The digital power of China’s Belt & Road Initiative (BRI) is slowly unfolding and shaping into a whole new area of opportunity.

When the BRI took global centre stage in 2013, most conversations revolved around traditional infrastructure: building roads, railways, power sources and linking borders. However, the digital awakening that BRI brings, and the associated development of human capital and innovation, is much more powerful.

The global map is being altered at a much faster rate than anticipated due to the disruption created by digital infrastructure, artificial intelligence, the Internet of Things, and blockchain. Further digital and technological disruption is now set to mend fractures in society – leading to improved living conditions and enhanced economic empowerment.

This disruption has given new life to e-commerce and the start-up scene in BRI countries. In light of the Global Competitiveness Index 4.0, it is extremely important that economies grow in all areas, overcoming challenges and making investment in human capital and innovation. Resilience and agility are key.

Looking at the South Asian region, some of the traditional deterrents to growth have been inadequate transport facilities, patchy power supplies and lack of financial inclusion. As we have seen in the past, industrial revolutions take their time to reach developing countries but the Fourth Industrial Revolution has been quick to reach all corners of the world.

Billions of dollars of investment are bridging the infrastructure and power supply gap while improving technology – the goal is to look past the problems that have hindered the road to progress in countries along the BRI.

The flagship project of the BRI, the China-Pakistan Economic Corridor (CPEC), which is a major collaboration between China and Pakistan, has been rapidly progressing and the impact of the project can be seen in the lives of Pakistani people, as reflected in an improving human development index.

Pakistan, which is emerging from many years of the war on terror, is now on a decent path to progress, with economic growth of 5.8% and improved investor confidence. At the World Economic Forum in 2017, Ebay’s chief executive, Devin Wenig, highlighted Pakistan as one of the fastest growing e-commerce markets in the world. In 2018, Alibaba bought Pakistan’s largest e-commerce platform, Daraz.pk.

Growth is being accelerated by other major investments in power and connectivity infrastructure, technology and digital infrastructure. Ant Financial Services, China’s biggest online payment service provider, recently bought a 45% stake in Telenor Microfinance Bank, in a deal that valued the Pakistani bank at $410 million.

Irfan Wahab, chief executive of Telenor Pakistan, called the deal a “game changer”; while Eric Jing, chief executive of Ant Financial, said it would provide “inclusive financial services in a transparent, safe, low-cost and efficient way to a largely unbanked and underbanked population in Pakistan”.

This kind of investment will benefit from the significant demographic dividend in Pakistan, targeting the largely unbanked young population, and providing not only financial inclusion but also a base on which to build digital businesses.

What the country needs now is to improve its position on the innovation and financial inclusion indices, currently at 89 and 75 respectively, on the World Economic Forum’s Competitiveness Index 2018.

source and more: www.weforum.org

0 comments on “European digital economy gets new deep tech talent”

European digital economy gets new deep tech talent

More than 200 international students were in Eindhoven. They were celebrating their graduation from the EIT Digital Master School.

eit-master

This new crop of technicians has been trained to meet the needs of the business community. Commerce is desperately looking for technical staff that can convert new emerging technologies into business. Since 2012, more than 1 350 students have participated in one of EIT Digitals master programmes. Sixty-six per cent of this institution’s students complete their Master’s Degrees within two years. This, compared to the average six years it takes to complete a Masters in the Netherlands, as reported in Statline.

About the EIT Digital Master School

The EIT Digital Master School offers a two-year Master programme in Technology, Innovation, and Entrepreneurship. EIT Digital does this in collaboration with 17 top European Universities. The graduates are tasked with contributing to the digital transformation of Europe. Students choose one of seven technical programmes and study at two different European universities. The graduates then receive a double Master Degree. They also earn a certificate from the European Institute of Innovation and Technology (EIT).

Before the official graduation ceremony begins, not only will Prof. Willem Jonker, CEO EIT Digital have a word. Prof. Jan Mengelers and Douwe Lycklama, founder and partner of InnoPay, will also address the audience and graduates. Prof. Jan Mengelers is Chairman of the Board of Directors at the Eindhoven University of Technology. This ceremony is to be held at the Parktheatre.

About EIT Digital

EIT Digital is a European organisation for education, innovation and scale-up acceleration. Its goal is to improve economic growth and quality of life in Europe through technological innovation. This is done through the integration of education, research, and entrepreneurship. There is also a  pan-European collaboration with over 180 European institutions.

These include companies, SMEs, startups, universities, and research institutes. This enables EIT Digital to bring groundbreaking digital innovations to the market as well as train future leaders. EIT Digital is a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT).

source: https://eindhovennews.com

0 comments on “Simplilearn to Train College Recruits on Digital Economy Skills (India)”

Simplilearn to Train College Recruits on Digital Economy Skills (India)

Mission-critical skills such as big data, machine learning, artificial intelligence, cloud computing, and digital marketing are ones that enterprises are increasingly turning to fresh graduates to fill

Campus and entry level recruiting is a critical component of every corporate HR strategy but often involves many months of onboarding and mentoring to get these employees productive. Simplilearn offers a New-Hire Training Initiative that significantly shortens this time-to-productivity via a structured training curriculum for campus recruits that they can complete before their first day on the job, or within their first couple of weeks.

Simplilearn focuses exclusively on digital-economy skills such as big data, machine learning, artificial intelligence, cloud computing, and digital marketing. These mission-critical skills are also ones that enterprises are increasingly turning to fresh graduates to fill.

Simplilearn’s new program enables organizations to help their recent on-campus recruits become job-ready (and even certified) with necessary technology skills, gained through Simplilearn’s online training courses prior to onboarding of the new employee.

“Campus hiring has never been more critical. With today’s rapid technology changes, it has become essential to ensure young professionals are up-to-date with the digital skills they will need to have an immediate impact at their new companies,” said Krishna Kumar, Founder and CEO of Simplilearn.

“Offering our vast experience in the latest technologies, Simplilearn is well-suited and proud to help Fortune 500 companies and other organizations bridge the gaps in skills and productivity that often come when onboarding new employees fresh from academia,” he added.

During their final semester in their college or university degree programs, recruits will undertake this training, following predefined learning paths that match their upcoming job roles. In addition to online videos and instructor-led lessons, the courses also include practical applied projects and assessments that are relevant in the high-demand fields such as data analysts, programmers, developers,

Simplilearn has partnered with leading IT/ITes, consulting, internet retail companies and Global System Integrators to support their new hire training initiatives. Also, as part of the company’s core offerings, the Simplilearn Digital Transformation Academy covers all aspects of people, process and technology to help organizations achieve competencies in digital technologies and applications.

The Digital Transformation Academy is designed to be customizable across a wide variety of industries and for all employee and management levels and roles while delivering on Simplilearn’ s outcome-centric, high engagement learning approach.

source: www.dqindia.com

0 comments on “Forbes Releases Digital 100, The Inaugural Ranking Of The Top 100 Public Companies Shaping The Digital Economy”

Forbes Releases Digital 100, The Inaugural Ranking Of The Top 100 Public Companies Shaping The Digital Economy

digital 100Forbes’ today released the inaugural  Digital 100 list, a ranking of the top 100 public companies that are shaping the digital economy. The list offers a closer look at the technology, media, digital retail and telecommunication companies that shape the digital world. Not surprisingly, Amazon secures the top spot on the list. Amazon.com is classified as a retail company. And while retail makes up most of the company’s $108.3 billion revenues, its cloud computing division brought in $17.5 billion or 16% of sales last year. Netflix, the leader in internet subscription streaming services, is No. 2. NVIDIA Corporation (No. 3), Salesforce.com (No. 4) and ServiceNow (No. 5), round out the top of the list.

Forbes’ Digital 100 includes companies from all the different corners of the digital economy. IT software & services companies make up 35% of the list. Following close behind are technology hardware and equipment companies with 26 companies and semiconductor companies with 23 companies.

Companies come from 17 different countries with the U.S. and China in the lead. Forty-nine American companies make the list, while China comes in second with 16 companies. Of the top 20 companies on the list, 17 of them are from the U.S. Thirty-four of the companies on the list are from Asia.

The Top 20 Companies on Forbes 2018 Digital 100 list:

Rank Company Name Industry Country
1 Amazon.com Retailing UNITED STATES
2 Netflix Media UNITED STATES
3 NVIDIA Corporation Semiconductors UNITED STATES
4 salesforce.com IT Software & Services UNITED STATES
5 ServiceNow IT Software & Services UNITED STATES
6 Square IT Software & Services UNITED STATES
7 Analog Devices Semiconductors UNITED STATES
8 Palo Alto Networks Technology Hardware & Equipment UNITED STATES
9 Splunk IT Software & Services UNITED STATES
10 Adobe Systems IT Software & Services UNITED STATES
11 Broadcom Inc. Semiconductors UNITED STATES
12 Leidos Holdings Aerospace & Defense UNITED STATES
13 ON Semiconductor Semiconductors UNITED STATES
14 Match Group IT Software & Services UNITED STATES
15 Tech Mahindra IT Software & Services INDIA
16 Workday IT Software & Services UNITED STATES
17 Charter Communications Media UNITED STATES
18 Tencent Holdings IT Software & Services CHINA
19 Micron Technology Semiconductors UNITED STATES
20 SK hynix Semiconductors SOUTH KOREA

For the complete list visit: The 2018 Digital 100

Methodology

To compile the top 100 digital companies, Forbes first looked at the technology, media, digital retail and telecommunication companies that made it onto the 2018 Global 2000, Forbes’ annual ranking of the biggest companies in the world. Then, Forbes added to that group the big digital companies that have gone public since the Global 2000 was published in May. Companies were scored on a variety of factors including sales, profits, assets growth and performance of the stock over the past year. The list was priced on September 7, 2018.

source: www.forbes.com