Do you think, your company is well-positioned in the market? Many companies seriously fear that they could lose their competitive advantage in the market in the near future.
The digital transformation is changing our world dramatically. Not only our private lives are influenced, but the business world as well. Completely new industries and job requirements are emerging.
If your employees have the relevant skills for today's world, you can strengthen your company's position in the market and be successfully positioned for the future. In this blog article, you will find out which corresponding skills you should increasingly focus on when selecting applicants and, more importantly, training your employees. In addition, we explain to you why these skills are in such demand and what your employees need to learn as a result.
You probably heard this quote from the British mathematician and Tesco marketing mastermind Clive Humby: "Data is the new oil". Many people wonder why companies like Google, Facebook, and Amazon are so powerful. This is for two reasons: On the one hand, it is the amount of data they possess and, on the other, it is the workforce that can analyze and interpret the data.
It's almost impossible to imagine the job market today without Data Scientists. They are in demand in almost all sectors, such as healthcare, finance, logistics, and e-commerce. A data scientist's job is to collect, evaluate and process data from your company or department in order to derive instructions for action. With the insights gained, data scientists offer your company a real added value. With their analytical skills and strong programming knowledge, they are able to solve many different problems of today's business world.
"Data is the new oil" - Clive Humby
If you want to train your employees in the field of data science, you should
With this knowledge, your workers are able to collect the right data from your company and the market and make important connections.
Machine learning, neural networks, supervised learning, and reinforcement learning systems - these terms have become real buzzwords. But if data is the new oil, then "AI is the new electricity", as the computer scientist Dr. Andrew Ng. said.
As the amount of data continues to grow, the range of applications for AI is becoming broader and deeper. AI is no longer a marginal topic but is increasingly becoming a general approach to problem-solving. For example, the world's largest online retailer Amazon uses AI primarily for demand forecasting. Machine learning algorithms can estimate the number of products needed, reducing storage costs and thus costs for the customer. But there is more. With the help of AI, facial recognition software, self-driving cars, and even surgical robots are possible and new fields of application are constantly emerging.
"[AI] has the potential to transform every industry and to create huge economic value" - Dr. Andrew Ng
AI professionals need a solid foundation in software design, statistics, programming as well as engineering, to name a few areas.
The increasing number of new websites and apps results in a rapid demand for User Experience designers. Nowadays, companies compete for our attention and design their products so that we spend a lot of time with them and, ideally, use them regularly. With the user in focus, UX designers work closely with other disciplines. They design products and digital services that make people's lives more convenient and ultimately easier. In addition, these services must convince people from the beginning with reliable and intuitive usage.
The main task a User Experience designer has is researching how users behave and interact with a product. When research is done, it is time to design interactive prototypes and testing them with potential users. This testing phase helps them to identify the best possible experience they can provide a user with
UX designers must have a solid knowledge of
In addition, a good UX designer should also be able to put herself in the shoes of the product user to understand the problems and find a satisfactory solution. If she succeeds in this, it can result in a brilliant user experience.
Web Development is the reason why there exist content and web applications online. Today, the most valuable companies are in tech. They changed our whole economy and influenced our society dramatically. The fact that we are becoming more and more reliant on the internet gives no indication that the demand for web developers will decline.
Web Developers design and develop web-based software solutions, aka web applications. In addition to the planning of web design and web architecture, they also take care of the further development, maintenance, and ongoing optimization of existing web applications. A Web Developer's responsibility is divided into front-end and back-end development, meaning working on the client or server-side. Fullstack developers, on the other hand, are at home on both sides.
Your company probably uses such a network of remote servers as well: Google Drive, Dropbox, or iCloud to name just a few. These services and products are in great demand not only for customers but also for entire businesses.
The three main types of cloud services are
Cloud Engineers are responsible for all technical tasks like structuring and designing the user interface. In addition, they take on responsibility for planning, management, and maintenance of the cloud infrastructure.
If you are considering training your employees in the field of cloud computing, you should carefully teach them these three topics:
Blockchain is the technology that underlies cryptocurrencies like bitcoin. Simply put, blockchain is a decentralized system in which information can be stored and, thus, it serves as a database. The main advantage of blockchain technology is that the stored information is immutable and very well secured. Because of the high degree of privacy, it is a very attractive technology that finds different use cases in industries that deal with sensitive data, e.g. healthcare, finance, and government. And since the amount of data is increasing evermore, blockchain offers the solution for missing data privacy and storage.
In order to work in the blockchain universe, your employees should have a deep knowledge of data structures, cryptography as well as smart contracts, and, obviously, blockchain itself.
Let me guess, almost every job ad of your business says, "You're a team player..". Am I right? Okay, nothing new so far. But the pandemic has shown us that working remotely can indeed be a skill that your teams should master. Your company probably offers the possibility for remote working or even relies on it completely.
When your team is not gathered in one place and even spread in different time zones, teamwork and communication are challenging. If neglected, entire workflows break down, trust is harder to build and team vibes go down the drain. But when mastered, this skill allows your teams to efficiently and productively engage with others, no matter where they are.
In order to improve your remote communication and collaboration, you should have the right tools and infrastructures available for all your teams (e.g. Slack, Microsoft Teams, Google Meet). It can also be helpful to arrange a regular meeting (jour fixe) where all team members can see each other and exchange information about the current project status.
One can barely imagine today's society without the internet and modern technology. Even though these inventions provide great benefits, it is foolish to overlook their dangers. Employees need to learn how to protect themselves and their organizations from cyber-attacks in order to safely navigate the digital sphere. Cybercrime is no longer a marginal topic because its consequences are often incredibly expensive.
Workforces of your companies should get to know different security threats ranging from malware attacks to phishing and IoT attacks. Even if awareness for this topic is good, it is, in most cases, not enough. In addition, your employees should learn ways of how to prevent them from cyber-attacks. The data cybercriminals have in sight are often worth millions and since data is the new oil, your assets should be protected.
Mental Health is a serious topic. Mental illness is currently the third most important cause of incapacity to work in Germany. With an average incapacity to work of 17.3 days per employee, the German Federal Institute for Occupational Safety and Health (German: Bundesanstalt für Arbeitsschutz und Arbeitsmedizin, BAuA) estimated a total of 712.2 million days of incapacity to work in 2019. Based on this volume of incapacity to work, the BAuA estimates the economic production losses at a total of 88 billion euros or the loss of gross value added at 149 billion euros. One reason for mental health issues is burnout caused by stress overload and in the last ten years, the burnout rate in Germany has more than quadrupled. This trend is shocking.
With stress management, your workers learn strategies with which they can better endure stressful situations. The ultimate goal is to improve their resilience, i.e. the ability to cope with stress. Especially employees in fast-spacing and rapidly changing environments need professional training in order to prevent mental health issues.
For example, your employees can try deep breathing techniques or meditating. Workers should also make sure to exercise regularly and get enough sleep. But ultimately, they should experiment with different techniques and find out which works best for them.
The 21st century is characterized by the rapid emergence and development of new technologies, especially in the digital world. The ongoing digitalization is changing our personal and working lives faster than ever before. Therefore, it is more important than ever for companies and their employees to keep up with new technologies, software, and learning methods. Innovation management is the key tool for organizations today to remain competitive and successful in rapidly changing market environments.
When you as a manager encourage innovation within your company, your teams can discover new business opportunities, cut unnecessary costs, be more agile and enhance your R&D projects significantly. Innovation methods such as Product Discovery, Design Thinking, Design Sprints, and Lean Startup can create, deliver and capture real value in your organization.
As you might have noticed, many of the skills listed here have something to do with technology and coding.
That is no surprise since we are currently entering a new decade of increasing digital transformation. In this rapidly changing environment, skills gaps can become much bigger much faster than ever before.
Experts suggest, therefore, an online learning solution to close those gaps as efficiently and effectively as possible.
At edyoucated, we provide you with a huge library of skills, carefully selected by leading industry experts. Boost your team's knowledge with state-of-the-art content on all topics your team needs to get ready for the Digital Age, e.g. Data & IT Security, Data Scientist with Python, Business Model Innovation, Web Developer, and many many more.
Our personalized learning plans are adapting to your employee's roles and skills in real-time. When your employees get started, they just answer a few questions about their skills. The edyoucated personalization engine automatically determines the most effective learning plan for your employees. And the best thing: it learns over time and grows together with your skills.
Sign up now and try our personalized learning plans for free!