According to Statistics South Africa [2019], South Africa has more than 5 million unemployed people of working age. About 50% of all college and university graduates have never held a job, ever since graduating. How can we change a problem of this magnitude?
Paradoxically, there is a global trend towards a digital economy. There is a convergence of cutting edge technology across all sectors of the economy towards using advanced technology to create new products, services, business processes and even value chains across industries. AWS [Amazon Web Services] has created a 500 billion dollar infrastructure spanning several continents to provide a family of cloud-computing applications that allows users to rent out Amazon’s servers instead of buying their own. … Renting servers with Amazon Web Services helps companies save time since Amazon will take care of the servers’ security, upgrades, and other maintenance issues. There are other corporations like Microsoft, IBM, Microsoft Azure, Google Cloud Platform, Rackspace that have also invested billions of dollars in similar infrastructure and technology, to take advantage of impending growth in the digital economy.
Amazon forecasts exponential growth in the cloud economy and more and more companies will move to the digital economy to remain competitive. This means that employees will need the skills to operate in the digital economy. The caveat is the digital economy is already here and there is an immense need for skilled people right now everywhere across the globe. By focussing on developing the right skills sets according to their personal preferences, millions of South Africans can find work opportunities in the digital economy as an employee, freelancer or as an entrepreneur.