European youth confident of succeeding in a fast changing digital world
- Survey of youth across 28 EU countries demonstrates highly positive sentiment towards mobility, skills and technology
- Initiative to bring the voice of 90 million European youth to boardrooms and policy makers
Brussels, April 23rd 2014: Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading IT services, consulting and business solutions organization, has released a survey of European youth conducted in partnership with ThinkYoung, the European think tank focused on young people. The study of young Europeans between the ages of 18 and 30 covered all 28 EU countries and focused on their attitudes and preferences towards a more digital workplace of the future. The full report can be downloaded here.
The survey comes at a time when economic sentiment is on the rise with EU GDP forecast to grow by 1.5% in 2014. Digitization and the internet are seen as powerful motors in creating much needed new jobs that need to come along with economic growth. Estimates predict that completing the EU's Digital Agenda could create up to four million new jobs. As a new generation of European youth seeks to enter and re-define the workplace, the survey found a highly positive prevailing sentiment towards mobility, skills and technology:
- European youth are very open to mobility – 86% would find it desirable to move between countries and 87% want to move between industries
- While 63% felt that the educational system was not preparing them adequately for the digital economy, an overwhelming 70% felt that they would succeed in it by acquiring skills post education
- 73% of young Europeans believe that technology will enable transparency within the future economy
Neelie Kroes, Vice-President of the European Commission and Commissioner for the Digital Agenda, said, "The world is becoming digitized at a breath-taking rate, impacting every aspect of our lives from the political to the personal, to the ways we live and work. The digital revolution will affect and benefit every European – but it is the younger people who will most shape it, and be shaped by it. This is why this timely and insightful research from TCS and ThinkYoung is welcome. In order to better meet the needs of coming generations it is incumbent on us as employers, educators and regulators to understand their expectations of what is here termed the "digital enterprise"."
N Chandrasekaran, Chief Executive Officer and Managing Director, TCS, said, "As a young company, with a majority of our 300,000 employees belonging to GenY, we are pleased to enable the voices, hopes and preferences of European youth through this survey. Over 90 million Europeans who comprise Generation Y will enable the next generation of digital enterprises, but we must first enable them to do so with the right digital skills. Investment in crucial disciplines such as science, technology, engineering and mathematics (STEM) is vital for Europe’s future competitiveness."
Andrea Gerosa, Chief Thinker, Founder and Member of the board, ThinkYoung, said "We are delighted to partner with Tata Consultancy Services to share the insights of young Europeans on future of the workplace and grateful to them for enabling our voice. The fact that almost 87% of young Europeans desire to move and work abroad at some point in their life is a testament to the founding principles of the EU, and a strong success we should credit to the European Institutions. Young people across Europe share a positive outlook towards technology and the opportunities it will create for them in the future workplace."
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 285,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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ThinkYoung is the first think tank that focuses on young people. It was founded in 2007 and has expanded to have offices in Brussels, Geneva and Hong Kong. It is a not for profit organization, with the aim of making the world a better place for young people, by involving them in decision making processes and by providing decision makers with high quality researches on youth’s conditions. ThinkYoung makes studies, surveys, documentary films, policy proposals in five fields of research: entrepreneurship, education, EU-Asia relations, EU enlargement, and environment. Up to today, ThinkYoung projects have reached over 300,000 young people.