The Speed Of Change
The Fourth Industrial Revolution ‘is progressing at 10 times the speed of the first and having 300 times more impact’.
‘Within 10 years, 45% of today’s jobs will be changed by automation, with millions of new jobs created.’ (McKinsey)
‘In the coming decade, companies will increasingly need to compete on the rate of learning. Technology promises to play a critical role: artificial intelligence can detect patterns in complex data sets at extreme speed and scale, enabling dynamic learning. This will allow organisations to constantly adapt to changing realities and surface new opportunities, which will be increasingly important in an uncertain and fast-changing environment.’ (Boston Consulting Group.)
The key to fast learning is understanding what you need to learn and then learn it when you need to.
Balancing the labour supply and demand needs fast learning to allow people to develop and measure their competencies.
Transversal Competencies are transferable between different jobs. These competencies and traits enable people and organisations to keep up with and today’s speed of change.
The Changing Business Environment
The effect of AI on the businesses environment is that they are now competing by the speed of learning of their organisations and employees.
Changes in trends and market structures mean decision making and competitiveness need to operate at higher speeds than ever before.
Businesses are increasingly changing to eco-systems to shorten supply chains and access real-time market data.
Living in eco-systems changes all the traditional modes of behaviour, from leadership to decision making and organisational culture.
New ways need new ways of behaving and that is what we support through intelligent learning systems and workflow processes.
Automated, scalable, dynamic, cost effective learning is needed and we are building it!