With youth unemployed rising in the Asia Pacific in 2017, policymakers have to bridge the gap between a critically low supply of highly skilled professionals and the urgent demand among employers for a skilled workforce. By 2020, the global shortage of highly-skilled workers is expected to reach 38-40 million.
Current advances in the digital age require the collection and interpretation of big data. Employees with the ability to gather, analyze and draw practical conclusions from big data, as well as communicate these findings to others are forecasted to be among the most in demand. Labor markets are in dire need of professionals trained in data science and analytics, and shortages are severe enough to constrain economic growth.
In response to APEC’s policy goals on human capital development, Project DARE – Data Analytics Raising Employment – was created to address the current shortage of employees skilled in data science and analytics, which has resulted in billions of dollars in lost revenue annually. The project brought together business, government and academic leaders to develop a set of ten Recommended APEC Data Science and Analytics Competencies to serve as a resource to equip academic institutions and training providers across APEC economies to align curricula, courses and programs to fill this gap between skills and employer demand.
APRU Experts joined the Project Advisory Group Meeting taking place in Singapore to actively supported the development of the APEC Data analytics Competencies.
At the inaugural APEC University Leaders’ Forum, in Dan Nang, Vietnam, Dr. Christopher Tremewan, APRU Secretary General, and Mr. Clay Stobaugh, Vice President of The Wiley Network and Co-Chair of APEC Project DARE announced a new partnership committed to bridge the projected skills-gap in the Asia Pacific.
See more details about the here recommended APEC DAS Competencies here
Find out more about the project here