Dynamics of job and wealth creation in the digital age

Dr. Niran Oyekale

CEO, Commit Technology & Consult Limited

The Paradigm Shift

From

The Industrial Age

To

The Information Age

To

The Creativity Age

These changes,

among others, are ushering us toward

a world

where knowledge, power, and productive capability

will be

more dispersed than at any time in our history— a

world

where value creation will be fast, fluid, and

persistently disruptive.

The Implication

……..The Digital World

A Fast Changing World…

……..changing so fast

That the replication of more of

the same knowledge and skills of the

other days will not suffice to address the

challenges of today, not to talk of the

future…

Era of OpportunitiesIncreasing

levels of digital

capability and digital

density create new

opportunities to change

the terms of

competition and create

digital disruption.

Digital disruption

radically alters the work and

Work environment

resulting in increased

expectations on workforce to

deliver quality, impact,

and value

Digital Disruption Defined

Digital disruption is the

delay or interruption to continuity causing

upsetting in the path of business and

process developments of the Digital

Landscape

What’s more,

The pace of digital disruption shows

no signs of slowing as mobility,

wearables, video, cloud, analytics, and

other technologies continue to

transform the ways we live, work,

learn, and play.

Coping With Digital Era• Demands new thinking about everything

• Requests rebuilding many of the operational and

managerial strategies that have served well for

decades, even centuries, but are no longer able, thus,

bringing many traditional economic and social pillars

of the industrial age to the end of their life cycle

• Prompts reinvention of new, networked model built

around a new medium of human communications

and the Net-Generation

The Paradox

• No Nigerian university in the first 1,000 higher

institutions of learning in the world and in the first 100

in Africa; South Africa 5, Egypt 4 QS World University Ranking,

• 50 million job seekers in Nigeria, global virtual

workforce hits 1.3 billion by the end of 2015 International

Data Corporation, IDC

• 250 thousand graduates released into Nigeria labour

market every year, yet employers struggle to get staff

Automate Human Resourcefulness2/3

of all jobs in

developing

countries could be

susceptible to

automation in the

coming decades

+ and -Across Industries, Disruption Reigns and

Opportunities Abound.

No matter the industry, the Digital Era is

creating significant challenges for

established incumbents with more

traditional models, as well as for innovative

upstarts

B As automation changes open up jobs in new fields.

75% of the global workforce will be

NEXT GEN

Jobs of Digital Era

Can You Imagine• In 2014, only 12.2 percent of the Fortune 500 companies from

1955 were still on the list, but with life expectancy continuing to

decline.

• By 2020, 75 percent of businesses will be digital, or have digital

business transformations underway. With only 30 percent likely to

be successful, owing in part to a lack of specialized talent and

technical expertise.(Gartner)

• 78 percent of organizations have not yet established the

capability to manage and transform processes across different

parts of their organization.

Changing Work Environment

New collaborative and social technologies applications are

already changing the way we work and the work environment;

• Providing resources for a new generation of workforce to work

in ways that fit more naturally with the digital landscape

• Recognizing that job roles will be carried out differently over

the years ahead

• Prompting both public and private institutions for capacity

building to think differently about how to manage, inspire and

empower the workforce

Deploy ICT, No Limitation to IT Impact

With the impact of digital technologies now felt not

only in the IT department, but across the entire

organization, a huge demand for digital skills is

created.

• Enormous training and re-skilling will be required

• Employees must now refresh their skills more

frequently to stay relevant in this rapidly changing

digital environment.

Meeting Up with Changes in Work Environment

Nigerian

workforce and students

require far broader range of

skills and attributes than the

technical capability or

competence that career

practices formerly

demanded.

Keeping up

to cope with the Digital Era requires more

than putting technology into the field but

to creating amplified digital capabilities

that blend the best of both digital and

human resources.

A Clear Indication of……..

A strong need for comprehensive

strategies that reach back to the

youngest students and ensure that

Tertiary Institutions’ graduates enter the

modern workforce armed with critical

technology competencies they need to

succeed.

Digital technology

drives achieving new levels of

performance through applications that

automate previously integrated processes

or accompany and augment human

performance.

The idea of a single education

followed by a single career is over

Adjust Mindset

• Adapt to the digital age

• Imbibe new sets of global best

practices in terms of curriculum and

pedagogies

• Re-tool and skill to global standards

Re- Defining Literacy

The concept of literacy has

long been redefined to mean

abilities in the 3Rs (Read,

wRite, aRithmetic) plus digital

literacy. But, surprisingly, the

pervasive application of the

new definition is largely

undermined.

Digital Literacy…What is it?

• The ability to find, evaluate,

utilize, share, and create

content using information

technologies and the Internet.

• A key enabler for building an

inclusive society and

knowledge based economy.

Digital Literacy

A new form of literacy that is fast becoming a

prerequisite for creativity, innovation and

entrepreneurship, without which citizens may

neither be able to participate fully in the

society nor acquire the skills and knowledge

necessary to meet with 21st century national

and international workplace needs.

DL… More Than Use of Software or Digital Devices

It includes

a large variety of complex skills:

cognitive, motoric, sociological, and

emotional

that users need to have to be effective

in digital environments.

The Big ???????The readiness of Nigeria

to provide workforce and

students/graduates with skills

to propel new ways of

thinking that today’s work

environment demands is in

doubt;

Most measures are palliatives

Immediate Interventions?

Every citizen must be provided with:

• 21st Century Skills = Innovative TP X Access to

Technology

• Capacity to remain abreast of technology

developments

• Competence to effectively use technology to increase

productivity and competitiveness in all aspects of

teaching and learning.

Provide the Link

Take ControlReform capacity development of current workforce and

students preparation to:

• Nurture new Global and Mass graduates with skills

and knowledge, necessary for their long careers in the

21st Century world.

• Enhance productivity of and current workforce,

• Improve the relevance of education and services to

the state.

Train for SuccessTraining

to be a Versatilist to continuously

adapt, learn and grow in a

fast-changing world and be able to apply a depth of skill

to a progressively widening scope of situations and

experiences, equally at ease with technical issues as with

business strategy.

Mic

roso

ft C

ert

ifie

d

Ed

uca

tor

IC3 Digital Literacy (Foundation)

IC3 Fast Track (Benchmarking)

Legal/

AdminHealthcareArts/

Mass Com

Engineering/

Env’tal Sc.

Accounting/

FinanceInformation TechnologyEducation Business

Mngt

En

trep

reneurs

hip

&

Sm

all

Bu

s. M

ng

t

Cyb

er

Secu

rity

Going About It?

Assess to Retool and Skill

Conduct a standardized assessment of competencies in Digital Literacy on your

workforce using IC3 Fast Track to:

• Provide guidance for development of a seamless continuum of ICT digital

literacy skills.

• Assist in identifying digital literacy skills gaps for advancement to full

proficiency.

• Provide a reliable performance guide for use in diagnosis and continuous

improvement of workers.

• Provide basis for validation of competency in digital literacy skills

achievements on globally acceptable standards and performance indicators.

The IC3

Digital Literacy

Certification

The stepping-stone into the ICT certificationpathway, a fundamental tool for measuringproficiency in the latest key technologies for study,work and life.

IC3 was created by Certiport, Inc. in 2000 to address the need for a globally recognized and

accepted standard of basic computing knowledge considered fundamental to academic learning and a minimum requirement for employment -

Wikipedia.

IC3, The Stepping Stone

Standing out with Global StandardsGlobal training and certification programs

providing proof to the world that Nigerians are;

• Equipped with the needed computer skills to

excel in a digital world. -

• Capable of using a broad range of computer

technology.

• Ready for challenges of work, academic and

life .

• Positioned to advance career through

additional computer certification.

Repositioning Nigeria For The Digital Era

Demonstration of competence in English language is no

longer enough indicator of literacy and job readiness in

the Digital Era

Hiring, onboarding and engagement practices are now to

attract and retain young, tech-savvy talent workforce;

very different from the one that’s already at work and that

can function in work environment created by cutting-

edge collaboration tools, wearables, augmented reality,

and real-time analytics.

Going the Extra MilesNigerians need to go beyond

the three R’s to be

• Creative and Job ready

• Cope with the challenges

of the 21st century

• Think critically

• Solve problems

Reboot Nigeria Now

• Bridge existing digital gap, thus solving the associated skills

gap among Nigeria tertiary institutions’ graduates.

• Benchmark a set of essential digital literacy skills to function in

today's business world

• Avail the workforce/students of digital portfolio, proof of

knowledge and proficiency required to make them more job-

ready, marketable and competitive globally

• Earn the workforce/students industry-recognized credential,

tools and skills set to enter into workforce armed to succeed

in today's economy.

44

Give existing workforce skills that

can enhance their productivity

Our Goal

Our Goal

Give entry level personnel skills

that employers recognize. Skills

they can apply from day 1

Batch A

Our Goal• Create a culture of personnel wanting to upskill

• Lifelong learning – to keep themselves, companies

and communities ahead

Lifelong Learning

Achieve A New Standard In

Digital Skills & Education

Conclusion

Create Jobs and Wealth?

There is no question

about what we need to do to create

jobs, turn around our economic

stagnation, and create optimism for

Nigerian families and

businesses.

We know that we cannot simply give tax breaks

to big corporations and expect the benefits to

trickle down.

Instead, we need to invest in the building

blocks of innovation and empower the next

generation of innovators, entrepreneurs, and

motivated, everyday working Nigerians to

“trickle up” and invent their own destinies.

Building Blocks of Job and Wealth Creation

• Skilled, able, and empowered workers who can do

and create the kinds of jobs of the digital era.

• Robust system of fundamental science and

technology research, a must for country that seeks

to be competitive in the cutting-edge 21st century

economy

• Application of invention and discovery to economic

good.

• Free flow of ideas to sustaining innovation.

• Free-flowing financial capital to fund all of

the actors in the networks of Jobs and

Wealth creation

• Government readiness to engage with the

21st century innovation dynamics that will

determine who will win the future.

Dawn of the Digital Era• Rethink education and invest in better education

• Rethink capacity development and invest in worker

retraining to retool and skill programs to help the smart,

educated, and out-of-work individuals learn new skills and

adapt to the rapidly changing demands of the digital era.

• Reform immigration policies so the best and brightest are

encouraged to stay here and lend their creativity to the

collective genius of our nation.

• Overhauling and integration of Federal funding and loan

programs

• Funding of fundamental science and technology research and

development in universities and federal labs, and creating wise

incentives for the private sector to continue to do the same

• Investing in the active base of science, technology and research

to foster institutional infrastructure that helps networks of

investors, researchers, manufacturers, and customers come

together to create new markets, new industries, and new jobs

around innovative technologies and business models of the

Digital Era.

Rising to the ChallengeInvesting in the building blocks of innovation means fulfilling the

• Progressive vision for Nigeria.

Investing in educating our children, training our workers,

science and technology, reforming immigration, making

government work more effectively, and in the present and

future wellbeing of the productive class.

• Government statutory role to create jobs

Filling the void in Nigerian politics left by self-destruction and

intellectual bankruptcy of “the government can get out of the

way to create jobs.”

Unleash Human Potential.

Exposure to computer

does not equal understanding

computers

BRIDGE The DIGITAL GAP

Support Immediate

Empowerment of Nigerians

Aspire to possess

in a step to foster equal opportunities in

the information revolution, digital

economy and be truly equipped for the

mandate of 21st century

Take a Leap Today…Boost your EGO

Give A Digital Direction

Initiate yourself, workforce and students into

today’s digital world.

Equip all with critical level skills needed to be

effective users of latest computer and internet

technologies to achieve career objectives,

expand productivity and improve profitability.

Prepare…..

“For tomorrow belongs to the people who prepare for it today”

African Proverb

Creation of Workforce of the Future

…..will require a next-generation workforce

that is digitally savvy, creative, and

accustomed to constant change in a

convergence of Big Data, cloud, mobility,

social media, mobile apps, setting the stage

for the Digital Era work environment

Running Against Machine?

Educate the youth population

to create jobs and opportunities,

economic benefits will be tremendous.

And likewise,

Failure to provide youths with education for

employment,the size of unemployment problem to dwarf

the current situation and bring tremendous

hardship with it.

21st Century Skills, 21st Century Solution

• Eradicate corruption

• Eradicate poverty

• Reduce and eliminate unemployment

• Re-positioning of education system

• Diversification of economy

“Nigeria would not change if

Nigerians are given the same

education and capacity that has

taken Nigeria to its present state”.

A Word is Enough ………

The Decision Is Ours To Either

Restart Or

Shutdown

65

God Bless Nigeria !!!!!

Thank you!

Please see the below link for the survey on Digital Skills.Please review and provide your feedback.http://questionpro.com/t/CSDNIZOwoXG

Commit Technology & Consult LimitedTel : +234(0)8183428803, (0)8035859266

[email protected]