Artificial Intelligence will be the next electricity. Take healthcare. The market for healthcare artificial intelligence tools is expected to surpass $34 billion in the next 18 months. AI will drive $8.6 billion in annual revenue by 2025, contributing to the $34 billion total in software, hardware and consulting. To win this race you have to craft a 3 pronged approach: Data, Tools and Talent.
"68% employees want to learn at the workplace. They can learn at their own pace and they also want to learn what they can put to use in solving a workplace problem. In a world where skills take time to learn and yet keep becoming obsolete, the talent developers have to balance the needs for today and future. The organizations survival depends on that." Soft skill development is done better by face to face interactions - not on devices. Soft skills need other human beings to be learned. So don't expect changes by putting all employees through some e-learning course or stuff taught through a device.
Formal training is like the conducted tour of a city you can take. Informal learning is like the experience of sauntering around a city’s by-lanes exploring, stopping to talk to strangers and sampling what strikes your fancy. L&D teams can do both. They do not have to choose.
The deluge of information pouring in constantly causes technostress and blurs the line between work and home. Tech makes it convenient to connect and its ease of use has changed how we work. No one speaks enough about the way tech runs our lives.Not just adults, children are impacted very deeply. Children are spending fifty percent less time playing outdoors than their parents. The children spend less time playing with other children and more time with screens. This book tells you how to take back control of your life from tech.
Digital transformations enable the organization to reimagine the business model. It helps them to reimagine the customer experience, as well as the employee experience. The ability to scale up across geographical borders and sectors is the biggest reason to undertake digital transformation. It is an opportunity to reimagine the business. A company like Netflix has become the best example of redefining a business model because of technology. Netflix currently has a market cap that has exceeded Disney.
If you want to be an Algorithm Mechanic for a bank, who will tweak the logic behind algorithms, you will need “skills in risk management, service design, and financial literacy, rather than technological proficiency.” Problems are becoming too complex to be solved by one individual or one discipline. That may provide a clue to what can trigger "hot streaks" in any career - especially in a world of algorithms.
Work, Working, and Workers are all changing. If we look at work, it is severely impacted by machines; when you look at the nature of jobs, there’s a huge amount of upscaling; the where, how and what of working are also changing; who is a worker has also changed – gig workers, digital migrants. Everything is getting reconfigured now. So must HR.
