The New Momentum Around Reskilling, Upskilling | MicroStrategy
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The New Momentum Around Reskilling, Upskilling

In 2020, the World Economic Forum has called for a Reskilling Revolution to provide better skills, better jobs, and better education to a billion people by 2030. Going hand in hand with reskilling (learning new competencies to pursue an entirely new role) is upskilling, which involves learning new competencies to address new skills required for a current role or for career advancement.

Until now, there has been no great sense of urgency for most organizations or individuals in reskilling or upskilling. The two have typically been viewed either as something to do during one's spare time or as part of an annual performance requirement. But the quickly altered business and jobs climate due to COVID-19 is forcing a revolution (or evolution) in skills advancement. You only need to look as far as today's headlines to see the new emphasis on career-related education:

A recent McKinsey Global Institute report estimates that by 2030, as many as 375 million workers around the world will have to master fresh skills as their current jobs evolve alongside the rise of automation and capable machines. There’s no doubt, however, that even more employees will need to upskill or reskill due to changing roles, company needs, and new ways of working brought about by COVID-19.

The World Economic Forum, in its "Towards a Reskilling Revolution" report, shows that most reskilling or upskilling over the next few years will be centered around planned technology adoption led by analytics:

That’s why MicroStrategy and vendors like us have been increasing the availability of online and virtual instructor-led course offerings. To best handle the increased global demand, MicroStrategy has recently made all of its certifications available online on demand. In this delivery method, students are tested via a project-based, hands-on exam where they must build analytics applications and environments—and then are graded on what they have built. These 12 certifications supplement 50 other courses and practice exams that are also available online through recorded video, eLearning, or instructor-led virtual classes.

By 2022, the World Economic Forum anticipates that more than half of all employees will need new skills and training to adapt to the future of work. But I think it's safe to say now that this need will come much sooner.

Want to read more from Hugh on this topic? Download 10 Enterprise Analytics Trends to Watch in 2020 to get insights from MicroStrategy experts, plus Constellation Research, IDC, Forrester, Ventana Research, and other key analysts and influencers.

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