While technological advancements offer organizations the promise of competitive advantage, they can also risk disruption to companies’ ultimate challenge of driving and sustaining growth. Business leaders understand that accelerating innovation and time-to-market is essential to stand out from competitors. Unfortunately, they are finding they lack the technologies and the right people to bring their innovation strategies to life.
In today’s digital age, information is constantly being created, collected, stored, and analyzed. Every aspect of customer behavior can be translated into data points and interpreted by different technologies. With the unstoppable expansion of the data universe, organizations need more of their employees to have the analytical skills to comprehend the ubiquitous amount of data and transform it into actionable insights.
To analyze data, it first needs to be extracted from databases. Currently, the most popular language used for querying and manipulating databases is SQL. While we often think of SQL as a tool used in technical roles, such as programmers and data scientists, many people today in “non-technical” roles such as marketing and sales are being trained in SQL to better leverage data and extend their professional capabilities.
Graduating from a Nanodegree program is no small feat and definitely an accomplishment worth celebrating. One of our students, David Hundley, has recently graduated from his 10th Nanodegree program, and is now working on his 11th!
In just over a year, he was able to use the skills he learned across different Nanodegree Programs to transition into a Machine Learning Engineer role. Here’s David’s story:
Today, emerging technologies such as Artificial Intelligence and automation are rapidly changing the nature of work. As a result, skills that employers value and rely upon are also evolving, resulting in a skills gap in most organizations.
According to a recent McKinsey survey, 60% of global executives expect that about half of their organization’s workforce will need retraining or replacing within the next five years. In addition, more than a third conceded that their organizations are unprepared to address the anticipated skills gap. Business leaders must, therefore, close this gap to secure their organizations’ future and maintain a competitive edge.
Transformation often involves struggle, especially for organizations seeking to adapt to emerging technologies like Artificial Intelligence, Machine Learning, Data Science, and Blockchain. Where will organizations find the talent and expertise to drive their businesses forward?
To better understand how organizations are keeping pace with trends in automation and changing needs, we commissioned a survey of more than 600 Learning and Development, Digital Transformation, and Innovation leaders across industries in North America to find out their top priorities for workforce development in 2020.