Online Learning Update

February 18, 2021

What is the role of universities in global upskilling?

Filed under: Online Learning News — Ray Schroeder @ 12:10 am

Jan Petter Myklebust and Hanne Smidt, University World News

Wide-scale investment in upskilling has the potential to boost global gross domestic product (GDP) by US$6.5 trillion by 2030 and lead to the creation of 5.3 million net new jobs globally by 2030, according to a new report published by the World Economic Forum (WEF) on 21 January. The report predicts that upskilling and reskilling could propel the transition to an economy where human labour is increasingly complemented and augmented – rather than replaced – by new technology, thus improving the overall quality of jobs. The number of jobs that require creativity, innovation and empathy is expected to rise with an increased need for information technology skills. The World Economic Forum’s Future of Jobs Report from 2020 shows that in the majority of business sectors, companies state that skills gaps are the prime reason there are barriers to adopting new technologies that would increase productivity.

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