Specialists in this field are being snatched: high prospects and the jobs many want

Currently, the digital economy in Lithuania is the fifth largest sector of the economy in terms of value added. The potential of digitization is demonstrated not only by the rapid growth of the digital economy, but also by the fact that up to 40% of jobs in Lithuania can be digitized. This is the highest percentage among OECD members. Such conditions are especially important in planning the need for specialists, the press release writes.

The reality of digitization

Modern economic actors, both companies and public administrations, increasingly rely on the technologies of the digital world: the Big Data database and its analysis, artificial intelligence, the Internet of things and cloud computing. 5G network, blockchain. “The ecosystem of these digital technologies is essential for business decisions and additional business strategy to ensure the successful operation and profitability of companies, as well as the efficient operation of the public sector,” says Assoc. Dr. Lidija Kraujalienė, Vice Dean of Studies at MRU, Faculty of Public Administration and Business.

Digitization is already in the content of the study

The new industry and the new economy also do not allow study processes to settle in. Mykolas Romeris University (MRU) pays close attention to the content of the undergraduate study program “Digital Economy”, which is constantly updated. The fundamental change is artificial intelligence (AI). In Lithuania, the development of artificial intelligence (AI) is a priority area. Similar trends are seen around the world, which also dictates the demand for professionals. It takes a new generation of professionals with knowledge of the fundamental sciences and the ability to apply AI in a variety of commercial, industrial and scientific fields. In addition, in Lithuania more and more start-ups are appearing, businesses based on digital technology, which are expanding exponentially and require specialists who know both economic trends and business processes ”, he emphasizes the importance of digitization. Artūras Jurgelevičius, professor of the MRU study subject “Start-up Development and Entrepreneurship”.

Digitization processes are a global priority

The European Commission is promoting digitization processes in Europe. European Commission President Ursula von der Leyen, who arrived in Lithuania this year, supported Lithuania’s economic recovery plan by creating a digital Lithuania. It is emphasized that the new generation must have many more digital capabilities. Another data is that in 2021-2027. Under the EU funds investment program, to transform digitization, investments will be made in skills in the fields of high-performance computing, artificial intelligence and cybersecurity applications. 2020 The crisis caused by the COVID-19 pandemic has highlighted the need to implement digitization solutions in businesses and the public sector, and the ability to integrate digital technologies into daily practices is now particularly relevant.

Graduates in digital economy are pioneers in the labor market

The supreme authorities of the United Arab Emirates and Dubai have set an ambitious goal: to prepare 100,000 troops in the next five years. digital technology professionals and create 1,000 world-class digital technology-based companies. This perfectly reflects trends around the world. “In response to profound processes of global transformation, MRU researchers, together with business partners and future employers of graduates, have developed an innovative and dynamic bachelor program in Digital Economy, the content of which fully reflects not only the needs of the market but also the economic needs of the European Union, political priorities and global trade trends. ”- says Dr. Lina Volodzkienė, director of the MRU Institute of Business and Economics.

The Digital Economy program includes the latest market-oriented topics such as: Digital Technology Development, Start-ups and Entrepreneurship, Digital Business Law, Economics of Trade and Services, FinTech and the Sharing Economy, Politics and Leadership of the digital economy, Commercial databases and analysis, International Economics and Regionalization, Fundamentals of Cybersecurity, Project Management and Economic Justification, Analysis and Projection of Economic Indicators, and others that will help both companies and the public sector prosper “- he comments the economist prof. Dr. Artūras Grebliauskas. Graduates of the digital economy program will be able to work in FinTech, banking, international technology, commercial or industrial companies and companies, international start-ups, public sector organizations and institutions. Digital economy specialists are being kidnapped by Lithuanian startups like Vinted, Tesonet, Kilo Health, Bored Panda and others.