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CATALYZE MAGAZINE | 15 THE NEW CURRENCY OF THE FUTURE Konstantinos Michanetzis: Founder at Sylipsis Corporation Now skills are the new currency of the future, and it's the expression of the industry to try and cope with the fastchanging things that happen in education. Education and skills are two things that come together but also contradict a little bit. Skills are against the traditional educational systems we have seen, and they expressed the need for the industry to bring more and more at a faster pace. That's why now we are speaking about degrees and skills, and even Google announced a few months ago that they will be hiring people without degrees based on skills. The reason they do this is not because they don't like degrees, but because they are trying to cover the high demand for skills in the marketplace that the pace of universities cannot. We are in this era now where people will need to upscale all the time, and this will become even more demanding as efficient/artificial intelligence comes in and it'll start taking jobs from our people. We will need to switch careers and switch skills to move in another direction. So, yes, right now, we have marketplaces for skills.
CATALYZE MAGAZINE | 21 THE NEW CURRENCY OF THE FUTURE, CONTINUED... These were available for many years before the pandemic appeared, but they mostly focused on specific industries. The IT industry and the digital art industry were mostly utilizing this in marketplaces, then the pandemic happened, and this was a huge shift. Companies had to change the way they work. They had to work with remote workers, they had to learn tools, and they had to learn how to manage remote workers. This is a big difference. It's not about learning the tools, having tools, or having infrastructure. What changed with the pandemic is the understanding of management. Companies felt safe. Now they can outsource production to people remotely, and they can do the job equally as well as they used to do, some even better than before having teams in offices. They could reduce facilities and expenses, workers were happier because they were not commuting, and they could work from home. And this changed the whole concept. Now that we have this idea that we understand how to manage remote teams globally, a great door has opened. Now, a great door opens and companies can start outsourcing not only digital skills. We see a new marketplace appearing in the in the industry. And before we had only marketplaces, for it and digital arts. Now we see marketplaces for legal services. We see marketplaces for dental, for medical services, or we see marketplaces for shipping services. And it's not only about our sourcing, but getting access to skills. And this is I think, where it's going, how skills are going to change the way we operate as businesses and as individuals.
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