Tag Archive | economy

Reskilling Talent: Preparing for The Future of Work

Reskilling Talent: Preparing for The Future of Work

Demand for physical and manual skills in repeatable tasks will decline by 30 percent, while demand for literacy and numeracy skills would fall by 20 percent. In contrast, the demand for technological skills will rise by more than 50 percent, and the need for complex cognitive skills will increase by one-third.

via McKinsey

Remote Work: The Vehicle Traffic Reduction Benefits

Remote Work: The Vehicle Traffic Reduction Benefits

There are 273.6 million vehicles registered in the U.S. — that’s an average of 1.97 cars per household, which could drop to 1.87 post-pandemic. The cumulative effect of people driving less is that the equivalent of 14 million fewer cars will be needed.

via World Economic Forum

4 Innovation Themes to Transform Financial Services

4 Innovation Themes to Transform Financial Services

“Future banks will operate in different modes: direct to consumer, as-a-service, marketplace seller, and platform owner — all of which may operate concurrently. Yet no bank will do any of this alone.”

via Forrester

Why Upskill Initiatives Gained Momentum in 2020

Why Upskill Initiatives Gained Momentum in 2020

“Recent studies show that nearly 30% of employees feel their skills will be redundant within the next two years. Nearly 50% of those in Gen-Y and Gen-Z think their skills will be irrelevant in the next four to five years.”

via Futurum

Remote Work is Positively Transforming the U.S. Economy

Remote Work is Positively Transforming the U.S. Economy

Analysis suggests that roughly 40% of U.S. workers will continue working from home in the near term — up from 7% pre-COVID — and this percentage could settle at different levels, depending on the timing of a vaccine alongside business risk aversion.

via Morgan Stanley

Oil and Gas Industry Boosts Public Cloud SaaS Demand

Oil and Gas Industry Boosts Public Cloud SaaS Demand

Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered via cloud platforms supports the adoption of other technologies such as the intelligent management of physical assets.

via GlobalData

Remote Working: Office Remodeling Gains Momentum

Remote Working: Office Remodeling Gains Momentum

The Remote Work Survey shows that 73 percent of employees would like to work remotely at least two days a week, even once COVID-19 is no longer a concern. Similarly, 55 percent of executives are prepared to expand options for employees to work outside the office.

via Strategy + Business

Cross-Border B2B Payments will Reach $35 Trillion

Cross-Border B2B Payments will Reach $35 Trillion

According to the latest worldwide market study by Juniper Research, the total value of B2B cross-border payments will reach $35 trillion in 2022. That’s up from a COVID-related low of $27 trillion in 2020, representing 30 percent growth.

via Digital Lifescapes

Digital Transformation: A Pragmatic Approach to Growth

Digital Transformation: A Pragmatic Approach to Growth

“For the past 10 years, a variety of game-changing emerging technologies were a big focus for companies looking to innovate and differentiate. This tech enthusiasm may deflate during the next few years. Begin thinking about restructuring plans for digital transformation in the current environment.”

via Gartner

Capital Markets Shift IT Spend to Public Cloud Services

Capital Markets Shift IT Spend to Public Cloud Services

Everest Group predicts that the spend on IT services in the capital markets industry will decline 2.1% in 2020 due to COVID-19, with outsourcing spend seeing a dip of -3.7% as firms reallocate resources and cost transformation initiatives are prioritized.

via Everest Group