As the 4IR introduces new ways of working, new technical, digital and soft skills will be required. But these are in short supply, leading to a consensus among CEOs that retraining and upskilling are the most important routes to closing potential skill gaps.
Obsolete ideas about what works in business can prevent organizations from forging a new digital path. One source of digital vulnerability: Conventional thinking. Embrace new approaches to enable digital growth.
“As we begin a new decade, the banking industry is trying to adjust business models to reflect a more digital ecosystem. Unfortunately, this year’s Retail Banking Trends and Priorities research findings don’t reflect the urgency for change needed in the banking ecosystem.”
“Together, these new smart building solutions will grow at a 32 percent CAGR over the next 8 years to create $2 billion in software and services revenues by 2026, according to the latest worldwide market study by ABI Research.”
“There’s one statistic that remains unequivocal each year: remote workers almost unanimously want to continue to work remotely (at least for some of the time) for the rest of their careers. This year, 98 percent of respondents agreed with this statement.”
Governments across the Middle East and Africa (MEA) spent a combined $12.8 billion on ICT last year, according to IDC. The analyst expects this figure to continue rising over the coming years at a compound annual growth rate (CAGR) of 4.8%, crossing the $15 billion mark by 2023.