In today's digital age, artificial intelligence (AI) has found its applications in almost all spheres of life and business. In a time when organizations find it increasingly challenging to upskill and reskill their workforce, they are adopting AI to deliver effective corporate e-learning solutions. These solutions offer a personalized way for employees to learn and grow as per their needs. There are many ways AI helps to facilitate the overall corporate training and development experience. These days, the one-size-fits-all strategy doesn't work in regards to training the millennial work force.
Artificial Intelligence is one of the most innovative technological breakthroughs of the modern times. From daily lives to corporate cultures, everything is being impacted by the novel technology. Artificial Intelligence (AI) strategically improves business processes by giving managers the power to analyze a vast amount of valuable data derived from customers as well as employees. When it comes to human resources, AI is particularly solving one of the greatest issues managers have been facing for many years- to improve employee engagement and retention rates. AI has the potential to give managers the power to make a better workplace, where employees don't feel distracted or dissatisfied with their job roles.
According to the Pew Research Center, 10,000 baby boomers per day are turning 65 in the US alone. A vice president of human resources, realizing that 75% of the senior leaders in his large global manufacturing company are less than five years away from the average retirement age, described the situation as watching "a train wreck about to happen." It is not unusual for organizational leaders to find themselves with no particular idea as to who the future leaders will be, what the criteria is to select them, and how to prepare them for their future roles. Part of the problem is the sheer number of leaders that must be groomed for leadership positions. For example, a company with 50,000 employees implementing a succession strategy down through the director level might need to have development plans for more than 3,000 leaders.
As artificial intelligence (AI) takes hold, the organizations that gain a competitive edge will be those that become more human. As artificial intelligence (AI) takes hold, the organizations that gain a competitive edge will be those that become more human. In a future teeming with robots and artificial intelligence, humans seem to be on the verge of being crowded out. But in reality, the opposite is true. To be successful, organizations need to become more human than ever.
According to Bersin's most recent "Corporate Learning Factbook: Benchmarks, Trends and Analysis of the U.S. Training Market," published in August 2015, corporate learning investments have been increasing by 10 percent or more each year since 2010. Learning is now a board-level priority as organizations prepare their workforces for the digital future; leaders see learning as key to employee success and satisfaction in an increasingly competitive talent market. All organizations today are in the midst of transformation. How does learning play into that? Mike Ettling: We're experiencing fundamental change in business, and it's impacting everything from business processes to business models to how people work.