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The far-reaching impact of digital skills investments

Beyond a business-level understanding, investing in the advancement of digital skills has the scope to significantly benefit entire economies

From the perspective of an organisation, the benefits of investing in the digital skills of the workforce are largely apparent – especially given the current talent shortage threatening the data centre industry.

But recent research has shown that the impact of these investments is much more far-reaching than may be initially expected. According to Gallup and AWS research, investing in advanced digital skills could raise annual global GDP by US$6.3tn each year.

Findings revealed that digital skills generate income and revenue premiums for both individuals and industries, with advanced digital skills alone – such as cloud architecture and software development – potentially raising annual global gross domestic product (GDP) by an estimated $6.3tn each year.

What’s more, the results consistently show that digital skills provide immense economic value to businesses and workers worldwide, boosting revenue growth, innovation, wages, job security, and job satisfaction.

So, although the talent shortage and digital skills crisis both pose very real threats, there are clear signs that, with the right steps implemented, a positive cycle can be initiated.

JOSEPHINE WALBANK editorial@bizclikmedia.com