The Cedefop pilot on real time labour market information is an on-going pilot project to develop a prototype tool that collects and analyses online job vacancies. In this pilot, the European Centre for the Development of Vocational Training (Cedefop) uses big data analyses to draw conclusions on skills requirements and trends in the European labour market. The pilot includes data from selected online job boards of several Member States. It shows the added value, real-time labour market intelligence can add.
In its early phase, the pilot project used the ESCO v0 knowledge, skills and competences terminology to recognise such concepts in job vacancies. In 2017 the pilot will be upgraded to use the new ESCO v1 instead.