Powering the Future World of Work Through Digital Skills Education

SAP CEO Bill McDermott has made clear: the new economy is here, and it’s open for business to everyone. No one can be left behind.
Oct 16, 2019 12:40 PM ET

Regardless of where in the world you find yourself, regardless of the place where you start, opportunity can be open for all in the digital economy. But it requires skills to be successful, and while they don’t pretend to know or have all the answers, SAP’s cross-enterprise approach to building opportunity, inclusively and sustainably, is an example of an integrated strategy that benefits the business and all of its stakeholders.

While the bright side of the rapid pace of innovation in the digital economy is opportunity, the darker side is fear over the future of work. What will it look like? How can we prepare ourselves, and our children? According to The World Economic Forum, over 60 percent of children entering primary school today will eventually have jobs that do not yet exist. More than 250 million children remain out of school, but even when traditional education is available, it has not universally kept pace to prepare youth for the current or future world of work. The World Economic Forum estimates that more than half (54 percent) of all employees will require significant reskilling by 2022. The World Bank estimates that 60 percent of the world’s population remains excluded from the ever-expanding digital economy, the new economy. Such exclusion is both unjust and unsustainable. Governments need to create the right conditions, but corporations are in a unique position to contribute—and that’s where companies like SAP shine.  

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