Instead of tangible assets such as factories and infrastructure, which were once said to determine the success or failure of a business, intangible assets such as skills, knowledge, and intellectual property have become increasingly important.

In response to these changes, some organizations are investing heavily in employee reskilling and upskilling, and some organizations that have done so have actually seen productivity increases of 6-12%.
The movement to redefine business around the skills and knowledge of employees is known as the “skills economy.

Many organizations are now trying to survive in this economy, but the pace of technological evolution, including AI, generative AI, machine learning, and automation, is faster than expected, and in some cases, digital skills acquired over time are quickly becoming obsolete.
In such a situation, how can the practice of skill economy be linked to results? In addition to explaining the basic concept of the “skills economy,” the report points out the current situation in which skill education in organizations is not able to keep up with the speed at which new skills are being created one after another.
In order to overcome this problem, it is necessary to build a system that enables employees to acquire skills that can respond immediately to future changes, and the report proposes concrete actions to achieve this.

The report examines skills strategies for fostering an organizational culture that can not only meet immediate demands but also respond immediately to future changes, and how to establish a system that can respond immediately to the speed of technological evolution, such as AI, machine learning, and automation.