EUREKA! REPORT

WIN'S NEW CUTTING-EDGE RESEARCH FROM A SURVEY OF OVER 230 MICHIGAN EMPLOYERS
Eureka! Innovation and Disruption in the Economy & How the Workforce Can Prepare

During 2013, the U.S. economy was rapidly moving out of the Great Recession and into a new reality of innovation and economic disruption. Technology was moving almost too quickly for workers to keep up and companies were hurting for talent that could keep their businesses growing. Researchers at WIN wanted to learn how companies project what the future workforce will need to know and benchmark employer opinions on the next latest and greatest technologies. To fulfill this need, WIN created an extensive employer survey for Michigan companies to help shed light on what leaders predict will be the economic and workforce-related effects of disruptive technologies and other trends. WIN calls these technologies Eureka! Technology – innovations that help create a new market and value chain that will eventually go on to fundamentally alter an existing market and value chain, displacing an earlier technology, process, or practice.

WIN’s ongoing goals include understanding employer needs now and in the future so that talent partners across the region in southeast Michigan can prepare workers with the right skills to be hired. The Eureka project contributes to this goal.

HIGHLIGHT FINDINGS INCLUDE:

Project findings include:

1. More education and specialized technology training are increasingly important for incoming hires
2. As Eureka innovations continue to enter the market, it is imperative that companies, educators, and students work closely together and continue to create a prepared and skilled workforce that will keep Michigan’s economy forward moving
3. Nearly half of survey respondents believe that technology advances will have no impact on employment levels in the next five years
4. The majority of respondents do believe that worker productivity will increase due to the fast pace of technological change and the ever-more-connected world, which will enable workers to do more in less time
5. Workers will not be replaced by technology, but technologies will require more interaction among workers to foster communications and group work skills

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Full Report	Video	Event Agenda	Press Release	Powerpoint	Media Coverage

FULL REPORT

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For the first time, cutting-edge research and a survey of employers in Michigan aggregates details on new technologies that most affect how companies do business and what can be done to ensure a well-trained workforce in the future. WIN created an extensive employer survey for Michigan companies to help shed light on what leaders predict will be the economic and workforce-related effects of disruptive technologies and other trends. We call these technologies Eureka! Technology – innovations that help create a new market and value chain that will eventually go on to fundamentally alter an existing market and value chain, displacing an earlier technology, process, or practice. Explore the report to find out what Michigan’s employers think about what’s next for business innovation and what the workforce needs to do to prepare.

EVENT AGENDA

OCT 20, 2105


Southeast Michigan Summit on Eureka! Technologies and the Workforce. Event details, sponsors, and speakers.

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PRESS RELEASE

WIN REPORT: “EUREKA” TECHNOLOGIES REQUIRE MORE EDUCATION, TRAINING FOR COMPETITIVE, INVENTIVE MICHIGAN WORKFORCE

POWERPOINT



INNOVATION AND DISRUPTION IN THE ECONOMY

PowerPoint presentation slides from Eureka event speakers, Lisa Katz, Paul Traub, Core Clothier, and Tom Sherry.

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MEDIA COVERAGE


WIN EXECUTIVE DIRECTOR LISA KATZ DISCUSSES EUREKA! TECHNOLOGIES AND DATA
17/10/2015
Fox2detroit.com

SURVEY: 75 PERCENT OF SOUTHEAST MICHIGAN COMPANIES HAVE IMPLEMENTED EUREKA TECHNOLOGIES
20/10/2015
MITechNews.com

MICHIGAN BUSINESSES OPEN TO ‘EUREKA’ TECH, BUT NEED MORE WORKFORCE TRAINING, REPORT FINDS
21/10/2015
CrainsDetroit.com

ROUNDUP: MACOMB COMMUNITY COLLEGE, WEYN, WAYNE MED-DIRECT & MORE
26/10/2015
Xconomy.com

PROJECT TYPE
Internal WIN project in partnership with the Federal Reserve Bank of Chicago, Detroit Branch
PROJECT DATE
2015
SERVICE TYPE
Custom Data & Analytics

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WIN created an extensive employer survey for Michigan companies to help shed light on what leaders predict will be the economic and workforce-related effects of disruptive technologies and other trends.