A Cognitive Analytics Management Framework (CAM-Part 3): Critical Skills Shortage, Higher Education Trends, Education Value Chain Framework, Government Strategy

Abstract

The main objectives of the chapter are to evaluate the impact of the tsunami of big data, business analytics, and technology on the delivery and diffusion of knowledge around the world through the use of Internet-of-things and to design future academic education and training programs. Global and local trends are analyzed to evaluate the impact of the digital tsunami on the delivery and diffusion of knowledge; to identify the shortage of critical skills, drivers of challenges, hot skills in demand, and salaries in big data/business analytics; to highlight obstacles to make informed decisions. CAM education framework is proposed to design customized higher education and training programs to meet current shortage and future generation with the relevant and rigorous skills to boost productivity growth and to impact society and professional domains in the digital economy. Finally, new ideas on how governments, academic institutions, technology companies, and professional employers can work together to reform the traditional education value chain and integrate the “massive open online courses” to achieve mass diffusion of knowledge, to transform people from loyalty to parties, clergies, and dictatorships to society's loyalty, and to develop a culture of shared-value in a move towards a smarter and fairer planet in the 21st century.