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5 Best Digital Skills You Must Learn in 2023

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In today’s fast-paced world, having digital skills has become a necessity for one to thrive effectively, either in business or career. The advancement of technology has no doubt transformed the workplace and business landscape which has placed a high demand on these skills.

In the past few years, digitization and automation have been the most often discussed technologies that firms/ Business owners are leveraging to transform the way they support core business activities which also helps them to adapt to a new and more virtual work style.

Without a firm command of digital skills in today’s world, there is only very little way to propel and remain competitive, as having one or more skills sets an individual or a business apart from the rest.

Before giving you a list of the top five (5) best digital skills to learn in 2023, let us define what digital skills are.

Digital Skills

UNESCO defines digital skills as those skills needed to use digital services, communication Applications, and networks to access and manage information.

Digital skills are also defined as skills needed to use computers and digital devices to access and manage information.

Here is a list of five (5) best digital skills to learn in 2023

1.) Cybersecurity

Cyberattacks has been predicted to be one of the biggest issues with modern-day businesses because a lot of them have taken their business to the online space.

Apart from businesses/organizations, the average everyday consumers/internet users are also not left out as they experience phishing schemes, data breaches, ransomware attacks, financial losses, etc.

This means the more we rely on the internet, the more we need good cybersecurity in all forms.

That is to say that learning this skill in 2023 will make one very sought-after because as more businesses continue to shift to offering online services, the demand for cybersecurity experts will continue to increase.

2.) Social Media Marketing

Looking at today’s world, a lot of companies/businesses now offer most of their services online, which makes social media marketing a perfect skill to learn in 2023.

This skill involves promoting a business on social media platforms through paid and unpaid means. It also involves placing social media ads, creating and sharing great content, organizing social media events, etc.

Most businesses desire a good social media presence due to the fact that it can create customer retention, form a brand community and generate leads. 

Therefore, equipping oneself with this skill will make one very sought after, as most businesses are constantly on the lookout for people who can produce engaging social media content, manage business accounting effectively, drive traffic through ads, and implement diverse marketing strategies to boost sales/ traffic.

3.) UX Design

In simple terms, UX design is the process of creating products (digital or physical) that are practical and usable. It is also the process of creating products or services that provide meaningful experiences for users, involving many different areas of product development including branding, usability, function, etc.

Most businesses in today’s world understand that a UX design is important to meet the needs of conusmers, as a good design often helps a business to stand out in the marketplace also enhancing brand reputation.

This skill is no doubt a top skill to learn in 2023 as most businesses need UX designers to help increase conversions as more users/customers are likely to patronize a business or purchase a product that is appealing.

4.) AI Skills

This skill encompasses many key areas such as designing intelligent agents, machine learning algorithms and advanced artificial neural networks, etc.

Looking at the way a lot of jobs are been displaced by Artificial Intelligence machines, AI skills have become a top demand in the job market as most businesses are looking for ways to integrate AI into their operations.

For individuals looking to stay ahead in the job market, this is one skill to learn.

5.) Data Analyst

A data analyst job entails the gathering and interpretation of data to solve specific problems. In the past few years, 90% of the world’s data has been created and businesses are spending more than $180 million a year on big data analysts as these businesses rely on data to make critical business decisions.

This has seen Data analysts in high demand across all sectors such as consulting, finance, manufacturing, pharmaceuticals, government, and education. A report from McKinsey Digital on big data states that by 2023, the big data industry will be worth an estimated US$77 billion.

The report also states that 90 percent of the data available right now was produced over the last two to three years. That is how quickly the data is produced. What this implies is that the increase in the production of data will lead to an increase in the need for someone to analyze the data. That is where data analysts come into the picture.

Conclusion

It is no longer news that we are living in a highly digitalized economy, which is essential for one to acquire relevant digital skills to stay relevant and easily navigate jobs.

As technology advances, most jobs/ businesses are beginning to need some level of digital skills. Also having these skills prevents one from earning meager pay, as most current roles requiring digital skills often pay more than those that do not.

It is not far-fetched to say that those who take bold steps to learn new digital skills in today’s world, will be the ones to reap the benefits of long-term success.

Startups

Madica Empowers African Startups with $200,000 Investments Each

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Madica, a structured investment program dedicated to nurturing pre-seed stage startups in Africa, has announced its inaugural investments in three innovative ventures.

Each of these startups is set to receive up to $200,000 in funding from Madica and will participate in the program’s comprehensive 18-month company-building support initiative.

The investment program provides a personalized curriculum, hands-on mentorship, founder immersion trips, executive coaching, and access to Madica’s extensive global network of investors for follow-on funding.

The primary objective of this support is to drive growth and ensure the long-term success of the startups.

Emmanuel Adegboye, Head of Madica, expressed his excitement regarding the investments, highlighting the abundant talent and innovation present in the African tech ecosystem.

He said Madica is committed to supporting African founders who often face challenges in accessing necessary support due to perceptions of risk among global investors.

Madica employs an open application process, collaborating closely with local ecosystem players such as incubators, accelerators, and angel networks to identify and support promising entrepreneurs.

The selection process remains rigorous, with investments made on a rolling basis throughout the year.

With plans to invest in up to 10 additional startups this year, Madica aims to expand the reach of venture capital and founder mentorship across Africa, addressing the existing imbalances in funding availability.

The announcement of these investments marks a significant milestone for the selected startups, providing them with vital financial support as well as access to invaluable resources and networks to propel their growth and success in the competitive landscape of the African startup ecosystem.

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Social Media

Meta’s Revenue Woes Shake Tech Industry Confidence

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The tech industry faced a wave of uncertainty as Meta Platforms Inc., formerly known as Facebook, delivered a disappointing earnings report that sent shockwaves through the market and dented investor confidence.

Meta’s forecast of weaker-than-expected sales for the current quarter, coupled with plans for higher capital expenditures, rattled investors who were eagerly anticipating robust results.

Shares of Meta plummeted by as much as 19% in after-hours trading to trigger a cascade effect across the tech sector.

The tech-heavy Nasdaq 100 Index experienced a decline of up to 1%, reflecting broader concerns about the health of the industry.

Analysts and investors alike expressed dismay at Meta’s inability to meet revenue expectations, citing uncertainties surrounding the company’s adoption and monetization of artificial intelligence (AI) technologies.

Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors, highlighted the disappointment on the revenue front, overshadowing any optimism about AI adoption.

Questions lingered regarding the efficacy of AI investments and their potential benefits to users, leading to increased skepticism among stakeholders.

The repercussions of Meta’s earnings miss extended beyond its own stock, impacting other tech giants slated to report earnings in the coming days.

Alphabet Inc., Amazon.com Inc., and social media companies like Snap Inc. and Pinterest Inc. all witnessed notable declines, signaling a broader sentiment shift within the industry.

The fallout from Meta’s revenue woes reverberated across the tech landscape, affecting chipmakers, server manufacturers, and software firms. Nvidia Corp., Micron Technology Inc., and International Business Machines Corp. were among the companies affected, as investor concerns over AI investment and revenue growth cast a shadow over the sector’s outlook.

As the tech industry grapples with Meta’s disappointing results, stakeholders are left to ponder the implications for future investments and strategic decisions.

The episode serves as a stark reminder of the inherent volatility and uncertainty within the tech sector, underscoring the importance of diligent risk management and strategic foresight in navigating turbulent markets.

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Social Media

TikTok Vows Legal Battle Amid Threat of US Ban

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As the specter of a US ban looms large over TikTok, the popular social media platform has declared its intention to wage a legal battle against potential legislation that could force its Chinese-owned parent company, ByteDance Ltd., to divest its ownership stake in the app.

In what amounts to a fight for its very existence in one of its most crucial markets, TikTok is gearing up for a high-stakes showdown in the courts.

The alarm bells were sounded within TikTok’s ranks as Michael Beckerman, the company’s head of public policy for the Americas, issued a rallying cry to its US staff.

In a memo obtained by Bloomberg News, Beckerman characterized the proposed legislation as an “unprecedented deal” brokered between Republican Speaker and President Biden, signaling TikTok’s readiness to challenge it legally once signed into law.

“This is an unprecedented deal worked out between the Republican Speaker and President Biden,” Beckerman stated in the memo. “At the stage that the bill is signed, we will move to the courts for a legal challenge.”

The urgency of TikTok’s response stems from recent developments in the US Congress, where lawmakers have fast-tracked legislation mandating ByteDance’s divestment from TikTok.

The bill, intricately linked to a vital aid package for Ukraine and Israel, has garnered significant bipartisan support and is expected to swiftly pass through the Senate before landing on President Biden’s desk.

Beckerman minced no words in his critique of the proposed legislation, labeling it a “clear violation” of TikTok users’ First Amendment rights and warning of “devastating consequences” for the millions of small businesses that rely on the platform for their livelihoods.

TikTok’s defiant stance reflects the gravity of the situation facing the tech giant, which has spent years grappling with concerns from US officials regarding potential national security risks associated with its Chinese ownership.

Despite extensive lobbying efforts led by TikTok CEO Shou Chew to allay these fears, the company now finds itself at a critical juncture, where legal action appears to be its last line of defense.

ByteDance, TikTok’s Beijing-based parent company, has also signaled its intent to challenge any US ban in court, signaling a united front in the face of mounting pressure.

However, navigating the legal landscape will not be without its challenges, as ByteDance must contend with both US legislative measures and potential obstacles posed by the Chinese government, which has reiterated its opposition to a forced sale of TikTok.

As TikTok prepares to embark on what promises to be a protracted legal battle, the outcome remains uncertain.

For the millions of users and businesses that call TikTok home, the stakes have never been higher, as the platform fights to preserve its presence in the fiercely competitive landscape of social media.

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