We often talk in business about continuous learning. The goal is to learn something new every day and then apply it in ways that make you – and your organization – incrementally better. That idea of constant improvement always comes back to one, fundamental truth.
Knowledge is power.
It’s why, in this age of rapid technological change, the drive toward superior performance will always be led by a focus on Learning and Development (L&D). This is where organizations truly have the opportunity to capitalize and differentiate themselves from competitors.
Digital transformation is a concept that has become so mainstream it has morphed into a catch-all buzz phrase that, at best, is confusing. At its worst, it’s meaningless. Truth is, the idea is going to mean different things for different organizations. Think of digital transformation as being “in the eye of the beholder.”
Let’s agree on this much: It ultimately marks a radical rethinking of how an organization uses technology, processes, and people to evolve its business performance and eventually drive profitable growth and customer success.
But again, digital transformation can be a proxy for a wide range of innovations and strategies as organizations try to stay on the cutting edge. In fact, it can be as much about how individuals work and the cultures of organizations as it is about technology.
So, how ready is your company as you embark upon this complex undertaking?
There are some key areas that organizations must get right to ensure a successful digital transformation:
Today, Udacity is excited to announce a collaboration with Shell, following the company’s recent initiative to invest in AI. With this collaboration, Shell has chosen Udacity as its education platform of choice to build AI skills at scale.
The word “innovation” gets overused these days. It’s an all-purpose word that leaders use to describe how they’re thinking about business in a forward-looking way to keep customers happy and the organization at the top of its game. There’s also no denying that building a culture of innovation is at the top of most corporate agendas.
The problem is one key group of stakeholders often gets left out when we talk about innovation.
The Surge in Enterprise Growth Underscores Business Demand for Long-term Workforce Digital Transformation Solutions
Udacity’s Enterprise business saw annual bookings triple, annual billings more than double, and net dollar billings retention finish at 159%. Seller productivity continued to rise even as the sales team more than doubled, highlighting Udacity’s ability to hire top talent and provide its staff with strong enablement and training.
All of us have individual career aspirations, goals, and visions for the future. And we have different skills and learning preferences to achieve them. Today, every organization is seeking to give its employees the best possible training to help both them and the company stay current on rapidly evolving technology trends. Employee upskilling programs are no longer a nice perk – they are a must to stay competitive. Organizations must ensure their top talent is up-to-date on trends, new industry developments, and has access to the best technology. That means companies are looking to incorporate the latest and greatest learning tools on the market to make that happen, especially when it comes to developing their next crop of managers.
But unfortunately, new doesn’t necessarily mean better.
This article on EdTech Evolution first appeared in BusinessWorld here.
There is no doubt that education is the key to transform lives. But now that we are living in the age of digital technologies, we are quickly getting accustomed to seeing education itself being transformed by leaps and bounds. The coming up of new-age players in the online education space has innovated both the nature and quality of education, and it is just the beginning of EdTech evolution.