How to Prepare Your Business for the Future? 

The beginning of the Fourth Industrial Revolution with the advent of Automation, AI and connected machines affects a considerable percentage of jobs in the United States.

According to the research, 25-40% of jobs in the U.S. will be significantly impacted or eliminated due to AI and Automation technologies.

The year 2020, is all about futuristic demands, even in the business sector, tech-driven demands by employees are foreseen. Therefore, businesses need to keep themselves connected with the transformation in the industry.

The scale and pace of transformation in the business world after the advent of technology are drastic. The new generation of customers and employees are demanding futuristic advances from companies.

Businesses, on the other hand, are finding it difficult to keep up with the drastically changing and challenging business environment.

So amid all of these circumstances, what can businesses do to conduct their workforce to earn success?

Udemy’s Learning Prediction 2020

Udemny’s Elements Learning Prediction 2020 focuses on large-scale technology demands occurring in organizations. The piece recognizes the need for businesses to respond worth transformations and to have a better understanding of their future approach.

The reports highlight future organizational skills that business needs to work on in 220 in order to prepare its workforce for the new and technology-driven decade.

According to the research, here are the following ways businesses can learn and develop to help its workforce in preparing for the challenges arriving in 2020:

Constantly Training Environment

It has been observed that on-the-job training has seen a decline in the last two decades. However, as the business takes steps towards success, job training helps in accelerating the purpose. Job training the future will help in sustaining business goals and initiatives and also help employees in staying connected with technological advancement happening in the world.

Let’s take an example for Udemy for Businesses itself where job training is seen as an opportunity and capability academics. One of the customers at Udemy for businesses launched a specialized academy that provides training for employees in the field of AI and data sciences. Another data-driven customer conducted a data science capability academy that trains internal employees to enable digital transformation in the company.

Enable Learning and Development Strategies

Intuitive and interactive learning and development experience are higher these days. The flexibility of L&D teams to meet customers’ needs and expectations enables employees to learn more about AI and technologies.

For businesses to expect success in the coming years, making AI and machine learning part of the learning and development culture is extremely important.

Learning and development teams include data analysts, content curators leaning experience designers social community managers and learning technology managers.

Learning and Development leaders are more embedded in the businesses in ordered to enable employees to work better on themselves and connect leaning opportunities with business goals and motives.

Promote Social Leaning

Businesses these days promote social learning for software developers only. These software developers use social leaning in community platforms to learn share and crowdsource solutions.

This approach should be followed for other job types as well. Future businesses expect other jobs to change their skills by learning what customers demand.

According to businesses Udemy report on workplace learning trends in 2020, 43% of companies say they now offer social learning, up from 35% in 2018.

Companies have even enabled virtual sessions within the team to promote social learning to achieve the goal set by the business.

Speed up Skills Mapping

A business must understand the current capabilities of its employees. Similarly, a business needs to anticipate whether or not its workforce requires new skills training.

For instance, you’re using average WiFi services until you anticipated that you need to upgrade to the fastest WiFi providers to experience a better internet connection and overall performance.

Similarly, businesses need to identify the need for their employees to learn new skills to sustain the business goals and keep the company relevant for them as well.

Key Takeaways

It was predicted that by 2020 businesses will strive to go digital. And even if they don’t, it’s important to transform your business digitally, 84% of office workers believe that cross-department coordination will become one of the biggest barriers to transformation ahead of 2020.

Therefore, to keep your business relevant at the time it is important to work according to the time’s demand. In addition, the current era demands you to prepare your business and workforce for future advancements.