MILAN (ITALPRESS) – In 2023, the mismatch between labor supply and demand due to lack of required skills (mismatch) cost Italy 44 billion euros, or 2.5 percent of the national GDP, and the greatest difficulties in finding the right job profiles emerged mainly in STEM (science, technology, engineering and mathematics) fields and in the digital transition. Yliway (short for Your Lifès Way), a startup founded in 2021 by Andrea Cinosi, which currently has 205 members among professionals and entrepreneurs, promises to revolutionize the professional landscape by helping to reduce this mismatch with its Yliway platform, the only one at the moment, which integrates social media, training, job search, recruitment, networking and business development into a single digital environment. This platform, just launched in Italy, is set to be an innovative digital interconnection hub in the professional ecosystem. It is scheduled to land in India in early 2025, where a large team of engineers and developers already operates, and will gradually land in other countries around the world. “To reduce mismatch,” says Andrea Cinosi, founder and CEO of Yliway, “it is necessary to invest in continuing education and skills development, and it is even more important to identify in detail all the causes of mismatch: geographic and sector divergence, labor market regulations and flexibility, demographic problems, barriers to mobility and immigration. The future of training must move toward more hybrid, flexible and personalized models, leveraging innovative technologies such as microlearning and agile certifications, to respond quickly to the needs of a changing market. Yliway was created precisely with the goal of radically transforming the way careers are built, solving the challenges of the contemporary job market.” By 2030 due to automation globally a minimum of 75 million to a maximum of 375 million workers (2.14 percent and 10.71 percent of the global workforce, respectively), may have to change occupations, while new jobs related to advanced IT, artificial intelligence, data management and emerging services are expected to grow but will not be enough to fill the gap of lost jobs. Italy’s labor market will also be affected by this trend, but, it was said during Yliway’s di presentation, about 3.1-3.6 million new jobs will be needed in the key sectors of health, education and infrastructure in the next five years as a result of digitization, globalization and technological innovation. The sectors most affected by the mismatch are, in order, tourism (50 percent), manufacturing (45 percent) and agriculture (45 percent); conversely, those least affected are education (20 percent), chemicals and pharmaceuticals (25 percent) and ICT (technology and communication, 30 percent). In traditional sectors such as agriculture (20 percent), tourism (25 percent) and retail and wholesale trade (30 percent), the introduction of new professional skills has been slower than in areas such as education (55 percent), finance and insurance services (50 percent) and media and entertainment (50 percent). “Italy’s investment,” Cinosi explained, “in education and research continues to remain lower than the European average, and the most pronounced difference is found in the areas of education (Italy 0.18 percent vs. EU 0.25 percent of GDP), technology (Italy 0.12 percent vs. EU 0.18 percent GDP) and health (Italy 0.15 percent vs. EU 0.20 percent). In a crowded market, Yliway stands out for the services it offers in an integrated way in a kind of digital ecosystem: e-learning features, video conferencing, advanced messaging and tools to foster professional growth, contact generation and business visibility. In a single digital environment, workers, students, professionals, companies and trainers can come together to meet their needs. Yliway also acts as the only “Digital Agora” in the professional sphere, a virtual space that stimulates constructive debate to identify emerging issues and provide innovative solutions. Companies can post more targeted job ads, thereby reducing selection time and costs. Candidates can assess their compatibility with the ads and choose training paths on the platform to acquire the required skills and earn any certifications, enriching their professional resumes. On the opposite side, training providers (or individual subjects), public or private, reach out directly to the target audience. “Our project,” explains Andrea Cinosi, who has a long experience in the world of training, consulting on Low Cost business models, “is ambitious, it wants to be a catalyst for change in the professional world, facilitating interaction and collaboration among all the actors involved i.e. for the entire ecosystem. The integration of so many functionalities, many of them already individually present in the market, in addition to allowing the user to use known and already appreciated functionalities, has allowed us to develop others that are absolutely new because they are the result of the integration between functionalities that have never interacted before in the same platform. Artificial intelligence and a number of additional features, will soon make Yliway a unique platform worldwide. Now we will work to populate it in the shortest possible time but I hope,” Andrea Cinosi continues, “that the platform can also count, for the purpose of word of mouth, on the national pride of us Italians as it could establish itself as the first Italian big tech at the international level on a par with Facebook, Instagram, LinkedIn, Youtube, X and TikTok.”(ITALPRESS).
Photo: Yliway press office
