The digital economy and the workforce of the future

Trevor Williams is a consultant economist and Visiting Professor at the University of Derby. He specialises in economic analysis encompassing ‘big data’. We talk about how this can benefit businesses large and small, and the need for new jobs and new skills in the digital world. And Brexit. Listen on Spotify, Apple Podcasts, Google Podcasts or Podbean.

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Our Inspired Business podcast on YouTube with closed captions.

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View Inspired Business podcast with Trevor Williams video transcript

Who is Trevor Williams?

Trevor Williams is the former chief economist of Lloyds Bank, a position he held for over 15 years. He has worked as an economist in the city of London for 30 years, including for the government economic service. He has managed teams of economists and financial analysts during most of that period, covering a range of disciplines.

Trevor's extensive experience covers financial markets, econometric modelling, banking markets, analysis of the UK and global economy and risk. Topical issues such as global trade, the housing market, demographics, productivity, the third industrial revolution, ‘big data', global mega-trends and the future of manufacturing are areas he has also focused on.

Trevor Williams speaking at an event

Trevor also runs his own consultancy – TWC. He blogs and presents at conferences and other client-focused events, representing economic views on a range of topics as lecturing at a number of universities.

He is a Visiting Professor at the University of Derby, Chairman of the Institute of Economic Affairs Shadow Monetary Policy Committee (SMPC) and author of Trading Economics (Wiley). He writes a regular monthly column in Moneyfacts. You can catch up with Trevor at his website, trevorfwilliams.co.uk.

Coronavirus

Our podcast interviews were recorded before the coronavirus (COVID-19) outbreak in the UK. Following the outbreak, we asked our interviewees how the situation had affected them and their business. This is what Trevor told us:

"This health pandemic initially meant that all of my titles and events were cancelled - all the way to August. This meant that most people thought it would end by then, as events in my diary beyond that date remained. But it also showed that people were adhering to the guidelines on safe distancing, and committed to doing so for some time. Innovation has kicked since then and I have been busy doing online seminars and webinars. The business has adjusted and so have people. The need to communicate and stay abreast of events is greater than ever. And people want to hear from experts."

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Many SMEs operate in an environment where they may not be big players yet but they could potentially become big players and they need to understand what the potential is.

Trevor Williams
Consultant economist on our Inspired Business podcast