Workers in emerging countries such as India and Brazil are more confident about digital skills than those in developed markets, a survey has found.
Research carried out by Barclays also showed that while 38 per cent of British workers said their employer offered training in digital skills, that figure is considerably higher in India (67 per cent), China and the US (both 48 per cent).
India also has the most number of school pupils proficient in coding, the Barclays Digital Development Index found. It carried out an assessment in 10 countries of workers’ digital skills and national efforts to drive a digital agenda for the workforce.
Estonia and South Korea came on top of the list, with the UK ranked fourth and India seventh. Sweden was placed fourth while China and the US were tied in fifth place.
Ashok Vaswani, the CEO of Barclays UK, said: “The old ways of doing things will become obsolete. Traditional skills are less relevant, and businesses grow or fail at speeds never previously thought possible.
“In this new world of disruptive innovation and digital advancement, it is those individuals, businesses and societies who have the greatest level of access, ability and understanding who will continue to prosper. Those which have the least will fall behind and find it progressively harder to catch up.”
Findings from the survey showed that workers in India were more confident of their digital skills in web search and evaluation, communication and collaboration, as well as protecting data and devices.
British workers rated themselves particularly poorly on researching and evaluating information and protecting data and devices (ninth in both cases).
The analysis is significant given the scale of online fraud in the UK. Last week, the Office for National Statistics (ONS) said almost six million fraud and cyber crimes were committed in 2015 in England and Wales.
In the area of content creation and coding, Indian workers were top of the list, while the UK was seventh. India produced the most school pupils with coding skills, almost 10 times as many as the US.
The survey found that there was a shortage of skilled IT teachers in Britain, and as a result there was an increased reliance on volunteers.
Hasan Bakhshi, senior director, creative economy and data analytics at Nesta, an innovation charity, said formal education was vital for developing digital empowerment among citizens and workers:
“Digital education starts in the home and in school,” he said.
“We have seen a number of positive changes in recent years, in the implementation of the computing curriculum and the proliferation of coding clubs. Still, more can be done to keep the UK competitive globally, and some of these things involve thinking of the different digital skills the economy requires.”
According to the House of Commons Science and Technology Committee, the digital skills gap is costing the UK economy an estimated £63 billion a year in lost additional GDP.
Last year, the House of Lords Select Committee warned Britain must address its digital skills shortage or face losing its place as a global digital leader.
Veterinary practices ordered to publish price lists and disclose corporate ownership under new CMA proposals.
Pet healthcare costs have risen at nearly twice the rate of inflation, investigation finds.
CVS Group shares surge 18 per cent as market welcomes lack of direct price controls on medicines.
Watchdog pushes for price transparency
Britain’s competition watchdog has provisionally ordered veterinary practices to publish price lists and disclose corporate ownership, aiming to give pet owners greater transparency in a sector where costs have risen at nearly twice the rate of inflation.
The Competition and Markets Authority (CMA) said on Wednesday (15) that pet owners are often unaware of prices or not given estimates for treatments that can run into thousands of pounds.
Under the proposed measures, vet businesses must publish prices for common procedures and make clear which practices are independent and which belong to large corporate chains. The watchdog also plans to cap prescription fees and ban bonuses linked to specific treatments.
“We believe that the measures we are proposing would be beneficial to the sector as a whole, including vets and vet nurses,” the CMA stated in its provisional decision report. “Providing better information for pet owners will increase their confidence in vet businesses and the profession.”
Industry reactions
The announcement triggered immediate market reactions. Bloomberg reported Shares of CVS Group, a British veterinary services provider, rose as much as 18 per cent in early London trading before paring gains, whilst Pets at Home traded up to 4.9 per cent higher. Both companies had underperformed since the CMA launched its investigation.
“While the tone of the CMA’s report is sharp, we see few surprises versus our expectations,” said Jefferies analyst Andrew Wade to Bloomberg. “The lack of pricing controls on services notably medicines must be viewed as a positive.”
The veterinary profession offered cautious support for the reforms. Dr Rob Williams, president of the British Veterinary Association, said: “At first glance, there’s lots of positives in the CMA’s provisional decision that both vets and pet owners will welcome, including greater transparency of pricing and practice ownership."
However, animal welfare charities warned of the consequences when pet owners delay treatment due to cost concerns. Caroline Allen, the RSPCA’s Chief Veterinary Officer, told BBC “Our frontline officers sadly see first-hand the consequences when people delay or avoid seeking professional help, or even attempt to treat conditions themselves."
The proposed remedies package also includes requirements for vet businesses to improve complaint processes and conduct regular customer satisfaction surveys comparing large groups with independent practices. Additionally, practices would find it easier to terminate out-of-hours contracts with third-party providers if better alternatives exist.
The CMA emphasised that vet businesses failing to comply, or those pressuring veterinarians to act in certain ways or sell specific treatments, could be in breach of the Order.
By clicking the 'Subscribe’, you agree to receive our newsletter, marketing communications and industry
partners/sponsors sharing promotional product information via email and print communication from Garavi Gujarat
Publications Ltd and subsidiaries. You have the right to withdraw your consent at any time by clicking the
unsubscribe link in our emails. We will use your email address to personalize our communications and send you
relevant offers. Your data will be stored up to 30 days after unsubscribing.
Contact us at data@amg.biz to see how we manage and store your data.