Basque Talent Observatory is the tool developed exclusively for the Basque Country that aims at analyzing the dynamics of the labour market through the web vacancies posted online by companies. The project was presented last month on April 11th in Bilbao by prof. Mario Mezzanzanica, founder of Wollybi – Tabulaex, in the presence of the Minister of Economy of Bizkaia Territory, Pradales, and the Managing Director of Bizkaia Talent, Ivan Jimenez.
The Basque Talent Observatory project
Basque Talent Observatory is the first platform in the world born with the single objective of showing how the Basque Autonomous Region, specifically the areas of Bizkaia, Gipuzkoa and Araba, located in Northern Spain, is interesting for local talents from the labour market point of view.
The brain drain and the search by young people for interesting job opportunities outside the Basque borders raised a question: how to increase the appealing and competitiveness of the region for its inhabitants to retain the talents?
Thanks to the use of Big Data, the Basque Talent Observatory will be able to give a complete vision of the real needs and the demand of local companies for qualified and high-level professional profiles.
Big Data and labour market
Big Data and their elaboration today offer numerous opportunities for the labour market. Why? Because thanks to the platform developed by Tabulaex | Wollybi, the final output of the algorithms is not a simply set of standardized data.
The added value is the knowledge and the clear vision of the labour market that is obtained from Big Data through the intersection of numerous variables such as hard and soft skills, sector of belonging, experience, geographical area, training, type of contract.
The output will thus facilitate the task of stakeholders in making decisions and designing targeted interventions to further stimulate the local labour market.
The results for the Basque labor market
Thanks to the use of Big Data applied to the labour market over the last 12 months, more than 17thousand local job offers have been analyzed. As a consequence 575 new profiles closely related to the Data Science area were identified:
- Artificial Intelligence
- Big Data
- Cloud Computing
- Digital Media Specialist
In addition, a series of additional skills have been identified that complete the picture of the required profiles:
- Ability to adapt to change;
- Language skills;
- Digital skills.
The advantages of the Basque Talent Observatory platform
There are numerous benefits that companies, universities, public institutions but also professionals, can obtain from this portal, creating a virtuous circle of benefits for all the actors involved.
First of all, the professionals will be able to understand what are the most sought skills and consequently they could choose to fill their gaps with a more targeted training.
Moreover, universities and schools themselves could adapt their educational / training offer with the prospect of prepare young talents who, after the diploma or the degree, can more easily find work.
The companies will have at their disposal talented and highly qualified professionals in line with the evolution of the market itself, allowing them to keep up with the times and be competitive with other companies.
Last but not least, it is noteworthy the adaptation of public institutions to the new context in the development of new active labour policies that will facilitate both companies and workers.