OECD Paper Discusses the Implications of Data-Driven Innovation on Skills & Employment

oecdThe OECD has published a report entitled “Data-Driven Innovation”, in order to improve the evidence base on the role of data in promoting growth and well-being. It notes that the convergence of several trends, such as the growing migration of economic activities to the Internet and a drop in the cost of data collection, storage and processing, are leading to the creation and use of vast amounts of data. These large data sets are fostering new industries and products and creating both opportunities and challenges. A specific chapter discusses the implications of data-driven innovation on employment and skills. It finds that the demand for data specialist skills may exceed the supply available on the labour market. The lack of data specialist skills and competences could hamper the adoption of data-driven innovation and the creation of jobs.

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