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Showing posts with the label digital skills upgrades

What Makes a Successful Digital Transformation?

As concepts like cloud technology, real-time analytics, and the internet of things (IoT) continue to transform the business landscape, companies with high levels of digital maturity stand the best chance of succeeding. For businesses that rely on manual methods, this means that embracing digital solutions is no longer a choice — it's a necessity. However, with 70% of digital transformations failing to meet their objectives, digitizing your business is no easy feat. If you're serious about driving real results, this guide covers five best practices for launching a successful digital transformation — from prioritizing strong leadership to reimagining your company's culture.  Tech.co's Guide to Successful Digital Transformation: What Is Digital Transformation? Digital transformation is the process of integrating digital technologies into all areas of a business, to create fundamental and sustainable change. While the end goals of digital transformations vary ...

Upskilling Platform GrowthSpace Secures $25M to Grow its Global Business

As the jobs market remains tight (mass layoffs and hiring freezes in tech aside), companies are laser-focused on retaining staff. One of the areas they’re investing in is upskilling, which aims to teach employees new skills in departments with which they’re unfamiliar. For example, Walmart announced in 2021 that it would invest nearly $1 billion over the next five years to provide its employees with access to higher education and training. Unsurprisingly, “skilling” platforms have benefited enormously from these investments. According to Crunchbase, upskilling and reskilling startups raised $2.1 billion from VCs between early 2021 and 2022. One of the winners is GrowthSpace, founded by Omer Glass, which leverages algorithms to match individual employees and groups of employees with experts for development sprints. The company today announced that it raised $25 million in Series B financing led by Zeev Ventures, with participation from M12 (Microsoft’s venture fund) and Vertex Vent...

Why to Choose the Full Stack Development for Modern Business

As of January 2022, the global internet penetration rate has raised to 62%, and that tells about the billions of people scattered across the world using internet for various business purposes, either as a buyer or a seller, creating foundation for the online business world. Both websites and mobile applications have become a stable and reliable channel for businesses in both B2B and B2C segment. Also, noteworthy is the fact that with over 3.5 billion smartphone users across the globe, we have entered the digital age, where online presence has become mandatory for your business. A number of programming languages, frameworks, libraries, and other techs are helping in creation of websites and apps, out of which, full stack development has gained the most traction in recent days. Understanding the Concept of Full Stack Development Full Stack refers to the combination of various cross-disciplinary technologies viz. programming languages, frameworks, libraries, databases, and more. ...

Parameters to Track the Effectiveness of Your Online Employee Training Program

Online training came to the forefront because of the pandemic. Every corporate company these days is making the best use of technology to offer online training to their employees. Although online training has been in the limelight for the past ten to fifteen years, it became more prominent since the pandemic outbreak because organizations had no other option. The shift from offline training to online training is not easy as the engagement is not so great, tracking parameters changes, and organizations don’t have a proper idea about the ROI in online training. However, thanks to tools like learning management systems, many companies have succeeded in transitioning from offline training to online training.  Unfortunately, there are still a lot of businesses that are still figuring out how they can successfully offer online training programs. Of all the issues, tracking the progress is one of the most pressing ones. Before we discuss the parameters through which you ca...

How to Show Off Those Coveted Soft Skills When Applying for Jobs

What do employers want most from job candidates today?  Interpersonal soft skills, like strong communication and collaboration, top the list. As digital transformation and automation sweep virtually every industry, employers have filled many entry-level technical tasks with software. Now, they’re prioritizing employees who can work well on a team, problem-solve creatively, and multitask. With the current labor shortage, employers are also thinking more about longevity and seeking employees who will grow with the company and possibly move into leadership positions to lead and mentor others—responsibilities that require a high level of interpersonal expertise. Some of these skills are more like personality traits, and others come from experience in different situations. The point is, they can’t be easily taught, and not everyone has them. The candidates who do are in high demand. If you’re in the market for a new job and you have strong soft skills, it’s time to show them o...

Digital Transformation Demands Skills Upgrades

The lack of digital skills and access to digital networks slows efforts to re-build safe, healthy and efficient social and working environments and exacerbates the world's existing, stark digital divide, say international experts in the 2021 edition of Digital Skills Insights, released by the International Telecommunication Union (ITU) today. Digital Skills Insights 2021 provides expert insights to equip policy-makers and regulators for informed decision-making, encourage further research on the impact of COVID-19 on skills development, and help anticipate rapidly evolving digital skills requirements. Among the latest key recommendations:- Countries need to collect data and evidence, take stock of current skill levels, and identify local gaps and needs before initiating policy measures or embarking on new initiatives. - + National digital skills frameworks must be adapted to reflect each country's labour market and skills gaps. + Digital skills and digital access are...