Will the traditional education industry evolve faster as a COVID response?
This is not a surprising news, we live in a world more and more dependant on technology.
During the past few years, because of the lack of adaptation of the traditional educational stakeholders to create digital skillsets to support the private sector. Since there are no proper educational institutions generating "ready to hire talents and this caused massive missed opportunities for the private sector.
“Governments and organizations must make talent strategy a key priority and take steps now to educate, train, and upskill their existing workforces,”
Not due by the robots, Much of the shortage is based on simple demography. Japan and many European nations, for instance, have had low birth rates for decades. In the United States, the majority of baby boomers will have moved out of the workforce by 2030,
The US could lose out on $162 billion worth of revenues annually unless it finds more high-tech workers. “As with many economies, the onus falls on companies to train workers, and also to encourage governments to rethink education programs to generate the talent pipelines the industry will require,”
Starting early on, we need to create a culture of lifelong learners. To succeed in the evolving world of work — whether it’s the emergence of new technologies or the growing importance of soft skills — education needs to be not just a diploma, but something that is provided at every point in the employee lifecycle. The responsibility to make this happen exists not only in traditional higher ed institutions but at the business leadership and policy level as well.
The savviest organizations are taking on the onus of training talent themselves, increasing their hiring of people straight out of school, says Jean-Marc Laouchez, president of the Korn Ferry Institute. These firms are also trying to instill a culture of continuous learning and training. “Constant learning — driven by both workers and organizations — will be central to the future of work, extending far beyond the traditional definition of learning and development,” he says.
In this video, we will be discussing the digital transformation of the traditional Education industry in response to the COVID 19 situation.
Honored to host M. Naveed Anwar, Vice President for Knowledge Transfer, Asian Institute of Technology, we will be covering this high stake topic as this is influencing the lives of millions of students around the world.