According to EY, 52 percent of Fortune 500 companies have either been acquired, gone bankrupt, or simply shut down as a result of digital disruption since 2000. The pace and volume of digital transformation have snowballed into a disruptive force with the advent of artificial intelligence (AI) and automation, resulting in repercussions even in workforce management. Reskilling employees, therefore, has become an inescapable reality for enterprises.
A 2019 CIO Survey conducted by Gartner states that the number of enterprises applying AI grew 270 percent over the past four years – and tripled in just the past year. However, the survey also states that organizations that are leveraging AI for varied applications struggle with acute technology skill gap issues. Thus, what we are witnessing today is a massive demand from enterprises for upskilling solutions and programs.
Here are five key questions to consider while selecting an upskilling partner: