February 28, 2019 Last updated February 24th, 2019 134 Reads share

Education and the Digital Economy: Strategies That Lead to Success

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Education and the digital economy will surely play a big role in the future. Similar to how education is a key aspect in the future of every potential student. The billions of online connections made between universities and students make the connection between education and the digital economy profoundly powerful.

Tech should, in fact, support education, and if employed effectively, can have a positive effect on a student’s learning experience. The digital economy gives students invaluable digital to know how to take with them when job hunting or networking.

You will most certainly need digital skills to succeed in business since the global economy demands it. And so are students across the globe. The digital economy’s economic worth is what makes it an essential part of education. Subsequently, education and the digital economy have exceptional value to many academic programs, whether undergraduate or graduate.

 

A principal challenge regarding education and the digital economy is how they are combined. Many scholastic institutions are putting tech first and education second, according to a survey by infoDev a World Bank Group program.

Education Paired with Digital Economy Skills is a Formula for Success

Understand the global workforce trends, and then you can customize your education to digital economy trends. This certainly doesn’t mean you should pick a career based on that alone. However, there is a wealth of ways to combine your education with digital economy skills that will help drive your success.

This may require you to think outside the box regarding your education goals. Most undergraduate degrees solely offer some ICT classes. And these classes may not be what you need to succeed. To get the skills you desire, you may need to enroll in additional online classes at a community college or local tech school.

Information and Communication Technologies (ICT) is a Strategy for Success

One of the most essential strategies regarding education and the digital economy is information and communication technologies (ICT). According to the European Commission, ICT assists students in learning more effectively, efficiently, and even more creatively.

ICT emphasizes innovation by utilizing technology. It helps students address more complex problems with various digitally minded perspectives. ICT also plays a role in the organic learning opportunities at hand in and outside of the classroom.

If you want to enhance your chances of success in the digital economy, ICT skills are indeed irreplaceable. If you want to get that career you have been dreaming about, you will need to have several ICT skills. This will increase your marketability as a potential job candidate, according to Microsoft.

 

Understand How Companies are Utilizing Collaborative Innovations in the Digital Economy

In the digital era, it is essential for companies to become more innovative. It is almost a necessity for them to stay competitive in the global business environment. This is where collaborative innovations play a large role.

As innovative ideas pop up every month, it is important for companies to stay abreast of the competition. And if you want to succeed in the digital economy, you certainly need to be tuned in to the global innovative trends. This makes you an asset in the interview room, as well as the team room.

Collaborative innovations extend to a company, consumers, universities, partners, and startups. Companies are seeing the value in collaboration and are using digital networks to build upon their existing foundation.

In fact, companies with more than 50 percent of their return coming from digital ecosystems, actually see a rise in revenue and profit margins, according to an MIT study. This has also made compatible companies in most industries more successful as well.

Understanding how collaborative innovation works on the corporate level will give you a leg up as a future potential candidate. It may also spark a few innovative ideas of your own design if you plan on using the digital economy as an entrepreneurial route.

 

Understand How the Digital Economy and Education Impact the Global Economy

What are the four careers needed by companies right now? If you have no clue and you are an undergraduate or graduate student, it’s time to do your digital economy homework. According to a Forbes article, Human Resources, Information Technology Engineering, and Finance & Accounting are high demand fields for 2016.

Each one of these fields involves ICT skills, making education and the digital economy essential to you reaching your full career potential. Understand what is happening out there in the real world. This strategy will allow you to examine those needed digital economy skills that have the highest success return.

The digital economy is not solely impacting education. It is altering the job market almost monthly. Research conducted by the European Commission discovered that over the last five years, mobile application development accounted for half a million new jobs in the U.S. alone. These digital economy figures are vital to know, and you need to follow these types of tech trends as another strategy for success.

When thinking about your innovative future, making a solid plan is always a wonderful idea. If your education and career goals include strategies for success in regards to education and the digital economy than you are on the path to success. The digital era is moving forward in a powerful way and will continue to do so. Nearly every career requires ICT skills, and the more you impress those HR recruiters, the more successful you will be.

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Dave Landry

Dave Landry

Dave Landry Jr. is a small business owner and entrepreneur located in Venice, California. He hopes you enjoy this article and encourages you to reach out to him on Facebook or Google+!

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