Closing the Skills Gap with AI: The Future of Workforce Development
In a rapidly changing digital world, the ability to keep up with the latest technology and skill sets has become increasingly crucial for businesses and workers. While technology plays a significant role in our lives, businesses need more than just gadgets to remain competitive.
Businesses need access to experts and top talent who can help them make the most of their technology investments. However, many organizations face a "digital skills gap," the inability to access skilled professionals with the proper knowledge and experience in emerging technologies.
The "digital skills gap," leaves businesses at a disadvantage as they struggle to close the gaps between their employees' current capabilities and what is needed to succeed in the digital economy.
The Benefits of Personalized Learning Experiences with AI
Artificial intelligence has the potential to revolutionize the way we learn and acquire new skills. With AI-powered personalized learning experiences, workers can receive tailored training and development programs that cater to their individual needs and goals.
AI-powered learning means that workers can learn at their own pace, focus on areas they need to improve and receive real-time feedback. By leveraging AI to provide personalized learning experiences, businesses can help their employees upskill and reskill more efficiently, reducing the skills gap and improving overall performance.
The Impact of AI on the Job Market: Automation and the Shift to Higher-Value Tasks
As technology continues to advance, it is becoming increasingly clear that AI will have a significant impact on the job market. The World Economic Forum's Future of Jobs Report 2020 predicted that 85-million jobs will be displaced across 26 countries and 15 industries by 2025.
At the same time, more than 80% of employers expect to make wider use of remote work and digitize work processes. However, while AI may lead to the loss of some jobs, it will also create new opportunities for workers with the right skills.
As jobs become automated, workers will need to develop new skills and focus on higher-value tasks that machines cannot yet perform, such as creativity, critical thinking, and emotional intelligence.
Predicting the Future Skills Demand with AI's Analytical Capabilities
Artificial intelligence also has the potential to help predict future skills demand. By analyzing vast amounts of data and patterns, AI can provide valuable insights into the skills in demand in the coming years.
Artificial intelligence can help workers make informed decisions about the skills they should acquire and help businesses plan their workforce development strategies accordingly.
However, it is essential to note that no single technology will solve all the problems facing workers today. Achieving a just transition to a positive future of work will require intelligent government policies, ambitious corporate programs, and individual action by workers.
The digital skills gap is a significant concern for businesses, with more than two-thirds of IT decision-makers reporting a gap between their team's skill levels and the knowledge required to achieve organizational objectives.
Many organizations have focused on talent acquisition to get the skills they need. However, a 2020 Gartner survey revealed that 74% of organizations froze hiring in response to COVID-19.
In today's environment, hiring is only possible for some organizations. Instead, companies can look at current employees with skills closely matched to those in demand and utilize artificial intelligence training to close gaps.
Several tools can help in predicting the future skills demand:
- EdCast
- Axonify
- SkyHive
- Kalido
- ConveGenius
These tools provide AI-powered learning experiences that can help workers acquire the skills they need to succeed in the digital economy. Businesses can close the "digital skills gap," and upskill their workforce by investing in such tools.