In our rapidly changing, hyper-connected world, the information and communication technology (ICT) industry is driving economic growth, innovation, and job creation. More than 50 percent of today’s jobs require some degree of technology skills, and experts say that percentage will increase to 77 percent in the next decade.
However, a significant percentage of the world’s youth are being left behind. Young people age 15 to 24 represent 17 percent of the global population, but make up 40 percent of the world’s unemployed or 73 million young people. Despite these alarming unemployment statistics among young job-seekers, employers worldwide say they often cannot find people with the right skills needed to meet their business objectives, especially when they are recruiting for technology-related jobs.
For youth, developing technology skills that align with market demand greatly increases their chances of securing employment and achieving career success. In addition, for young entrepreneurs, technology skills and access to technology greatly improve productivity, help lower costs, and advance their businesses into higher value-added activities, thus enhancing their market competitiveness.
For enterprises, having well-qualified, technology-savvy talent results in higher productivity, faster growth, and expansion. And for nations, balancing the supply and the demand for technology skills leads to economic and social stability and overall prosperity.