Closing The Skills Gap Is Key For Economic Growth

A G20 Digital Economy Task Force believes that closing the skills gap is key to enable digital transformation, which can enhance economic and social growth. 

Technological advances are happening faster than people can upskill and reskill themselves. A recent report from Accenture argues that this could lead G20 economies to lose up to $11.5 trillion in cumulative GDP growth in the next 10 years. 

Digital skills are key to success in the future, especially considering that global GDP is expected to be driven by digitized products and services. This means that even non-tech roles like sales, marketing, finance, and HR will heavily rely on digital skills in the near future. 

Governments, companies, education institutions, and individuals alike need to prioritize closing the digital skills gap. G20 ministers already took a step in the right direction by signing a Declaration that identifies 12 actions to accelerate the digital transition.