① Analysis Of Smithson Plc

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Analysis Of Smithson Plc

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Exploring the LOST House of the Future [Smithsons]

As emerge out of the pandemic, it is clear that the use of digital has become even more important in the home and the workplace. During the last eighteen months and as the country went into lockdown time and time again, the use of digital tools became critical in being able to work away from the office, to maintain relationship with friends and family and in containing and managing the pandemic itself through track and trace.

Yet despite this, not everyone has the digital skills to operate in this environment. As well as an in-depth early morning newsletter, we will be sending out regular breaking news email alerts. And, follow us on LinkedIn to catch the latest stories and to network with the Welsh business community. In other words, 10 million people are not able to access the Internet themselves and lack the most basic digital tasks, 6. Given the increasing importance of digital to our everyday lives, this means that a fifth of the UK population are not only being marginalised and isolated but lack the basic skills required for many of the new jobs being available today.

Yes, these tend to be largely older people with a lack of formal qualifications, but it would seem there is no targeted support towards these or any other groups that need help in upskilling. Again, the findings for Wales is below the UK average although it has improved during the pandemic as employees were forced to get the skills necessary to work remotely. Over the next decade, a variety of studies show that digital skills within the workforce will be a key differentiating factor in achieving competitive advantage for regional and national economies. Unfortunately, this study shows that the Welsh economy is in an extremely weak position when it comes to having a workforce with the digital skills required not only for the growth sectors if the future but for all industries.

So what can be done to close this gap with the rest of the UK and, more importantly, help establish Wales as a modern digital economy? One potential contribution to this challenge was put forward over two years ago by the Newport Economic Network, a group of stakeholders formed to exploit opportunities and promote the best interests of the city. As one of its key projects, it proposed the establishment of a National Technology Institute to produce the skills necessary for Wales to benefit from the opportunities presented by the growing importance of new digital technologies and platforms such as 5G, artificial intelligence, big data analytics, cloud computing, the internet of things, virtualisation and blockchain.

In complementing rather than competing with existing provision, the aim was to provide a more flexible and focused approach to training those looking to develop the digital skills necessary to pursue a career in the knowledge and technology sectors. More importantly, the institute would not only be focused on educating new entrants but would include the upskilling and reskilling of existing employees within Welsh businesses to be fit for the challenges of the 21 st Century workplace. Given this exciting vision and the poor state of digital skills in Wales, you would have thought this project would have been a no-brainer for the Welsh economy.

Unfortunately, a mixture of politics, entropy and apathy means that it has still to see the light of day. Of course, that is not to say that the National Technology Institute should be committed to the graveyard of great ideas that are often ignored by politicians and policymakers in Wales. In fact, as the Lloyds Bank report and other studies have indicated, there is now an even greater imperative to develop a world class applied solution to the challenge of improving digital skills within the Welsh workforce.

The company brokers vessels for some of the world's largest producers and traders of natural resources. From Wikipedia, the free encyclopedia. Operating income. Net income. Retrieved 8 March Andi Case and Martin Stopford, Clarksons". Retrieved 12 November Retrieved 15 April Archived from the original on 13 November The Independent. City A. Oceanology International. Archived from the original on 17 April Retrieved 16 April Lloyd's List. Retrieved 29 April Mayer Brown.

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