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LINKAGES BETWEEN INSTITUTIONS OF HE, VET AND LABOUR MARKET MR NIKOS IOANNOU.

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Presentation on theme: "LINKAGES BETWEEN INSTITUTIONS OF HE, VET AND LABOUR MARKET MR NIKOS IOANNOU."— Presentation transcript:

1 LINKAGES BETWEEN INSTITUTIONS OF HE, VET AND LABOUR MARKET MR NIKOS IOANNOU

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3 Workshop on Higher Education Pretoria, South Africa Nikos Ioannou EMEA Strategic Initiatives Lead Oracle University

4 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.4 Cloud Big Data IoT Social Mobile

5 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. $38.2B in revenue in FY15 * 420,000 customers in 145 countries, including 100 of the Fortune 100 $39B in R&D since 2004 $60B on more than 100 acquisitions More than 25,000 partners More than 130,000 employees 18,000 customer support specialists, speaking 29 languages 17,000 implementation consultants 2.6 million students supported annually #2 software company in the world #2 SaaS company in the world #16 of 100 Top Global Brands, Interbrand 2015 More than 17,000 patents worldwide 37,000 developers and engineers 2.5 million registered members of the Oracle Technology Network Community Over 600 independent user communities representing more than 600,000 members 5 Oracle Corporation ScaleInnovation * GAAP revenue reported in USD as of May 31, 2015

6 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. MORE THAN $39B IN R&D SINCE 2004 6 Investment in Innovation and Integration Figures in GAAP

7 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Oracle University Mission 7 “Preparing a new generation of IT specialists with relevant and desired skills in Oracle technology.”

8 8 One of the World’s Largest Training Organizations 20 30,000 Videos… AND GROWING!20 Digital Learning Subscriptions which include over 30,000 Videos… AND GROWING! 453On Demand Courses: 453 in class, Live VirtualClasses per week: 600 in class, 90 Live Virtual : 200,000Students trained per year: 200,000 1300Courses: 1300 2 millionOracle certifications granted: 2 million 27Languages supported: 27 520Global education partnerships: 520 173 classrooms in 31 countriesWorldwide classrooms: 173 classrooms in 31 countries Oracle University Global training excellence 8

9 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.9 Oracle Workforce Development Program Local Educational Institutions = A new generation of IT specialists with relevant and desired skills in Oracle technology + +

10 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Times Have Changed 10

11 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Digital Disruption is changing Education Digital technologies are transforming every area of economic life 11

12 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.12 Drivers of Change Source: The Future of Jobs, World Economic Forum, Jan 2016 Owner of Change Rated as top trend Expected timeframe Mobile internet and cloud technology34%2016-2017 Advances in computing power and Big Data26%2016-2017 The Internet of Things14%2016-2017

13 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. The Future Very high growth centered on data analysis and software and applications developers Not just within the ICT industry, but across a wide range of industries Financial Services & Investors Media, Entertainment and Information Mobility and Professional Services Computing power and Big Data analytics constitutes a significant driver of employment growth in each  the trend of digital transformation 13

14 14 Youth employment crisis

15 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. youth unemployment rate in 2/3 of the European countries in 2014* 15 >20% *Global Employment Trends for Youth 2015

16 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. (more than one in three) unemployed youth had been looking for work for 1+ years in the European Union (28 countries) in 2014, up from 32.6 % in 2012* 16 35.5% *Global Employment Trends for Youth 2015

17 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. In Sub-Saharan Africa, three in five young workers (61.4%) do not have the level of education expected to make them productive on the job 17 61.4% *Global Employment Trends for Youth 2015

18 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.18 While there are more people looking for work, employers cannot find the skills they need

19 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Employers are dissatisfied with applicants’ skills of the employers left a vacancy open for not finding suitable candidate said lack of skills is causing major business problems in terms of cost, time and quality 27%1/3 *McKinsey & Company - Education to employment: Getting Europe’s youth into work 19

20 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Employers are dissatisfied with applicants’ skills of education providers considered their graduates ready for work 74% *McKinsey & Company - Education to employment: Getting Europe’s youth into work 20 but… only 38% of the graduates and 35% of the employers agreed.* 38%

21 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.21 South Africa Skill Shortage

22 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.22 Dual Challenges to Address NOW Youth employment crisisDigital Disruption in all industries including education!

23 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Drive a Culture of Innovation and Collaboration Foster innovation Equip students with the skills for change MOST IMPORTANTLY: Embrace a leading role in a triad of cooperation: Universities Business Government 23

24 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.24 The Triad of Cooperation Advise on national skills development strategy Create responsible citizenry Build skilled workforce Create entrepreneurial mindsets and life-long learners Advise on skills needed in labour market Skilling and reskilling personnel Knowledge transfer Public funding for skills investment Public awareness campaigns Foster public/ private partnerships Business Government Universities

25 25 Embracing Digital Disruption Through Collaboration

26 Copyright © 2016, Oracle and/or its affiliates. All rights reserved.26 TRANSFORM Technology is transforming every aspect of economic life PARTNERSHIPS Universities can play a pivotal role by building open partnerships and skills alliances between higher education, government and business to build a skilled workforce to benefit society and economy ACT NOW Digital transformation can be driver for employment, development and prosperity if we ACT NOW...if we don’t, we face the threat of today’s youth employment crisis to become endemic

27 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. Times Have Changed 27

28 Copyright © 2016, Oracle and/or its affiliates. All rights reserved. The wrong move is no move at all 28

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30 Thank you


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