GEC NEWS WIRECountries can drive national competitiveness with a highly collaborative platform that matches jobseekers with careers, upskill workforce and empower entrepreneurs
Governments around the world are urged to harness digitization and re-imagine labor markets to drive down unemployment, upskill the workforce, and grow their economies, according to a new report by The Economist Corporate Network, the business advisory arm of The Economist Intelligence Unit, launched recently at the World Government Summit.
Leaders at the World Government Summit united to tackle the pressing issues of unemployment and under-employment, especially for youth. Global unemployment has reached nearly 200 million people, with the majority being under 30 years old, while 30-40 percent of the global workforce is under-utilized, according to “Shaping the Future of Work: Technology’s Role in Employment.”
“Now, the question is not whether digitization will happen or not, it is who will be the leaders and who will be the laggards,” said Selim Edde, Global Lead for Employment and Labor Market Digitization, SAP.
“Governments hold a vast amount of data about citizens and residents. Big Data analytics on this technology platform can unlock these data into actionable insights to support efforts to reduce unemployment, and also create value, economic growth, and more agile governance,” said Rainer Binder, Managing Director of Accenture’s global employment and social services practice.
“We are working with partners to use a centralized technology platform that not only enhances daily lives, but can also connect individuals to potential careers,” said Dr Aisha Bin Bishr, Director General, Smart Dubai Office.
