How Tech-fluent Talent is Accelerating Change at Private Companies

Companies around the world are finding that the exponential growth of technology requires a new skill for their employees: digital fluency.

Private companies are no exception. From teams that oversee robotic processes, to talent managers who hire through video assessments, digital-fluent workers increasingly are the ones who are best positioned to help their companies increase efficiencies, comprehend new market opportunities, and drive faster growth.

Filling the Gaps

We’ve heard a lot about the skills shortages that threaten to stifle some of this progress. For instance, in a survey of CIOs about the technical skills that will be toughest to fill through 2020, analytics and data science sit at the top of the list.

Private companies are poised to place a heightened focus on talent due to their size. This allows them to take a people-centric approach in guiding them through today’s disruption. This is only one of the countless bright spots as tech-fluent talent drives innovation in the private sphere.

As noted in a recent global report highlighting private company issues and opportunities, a number of areas requiring tech fluency serve as platforms for growth. One way digitally-fluent workers are making this happen is by using technology to help increase efficiencies. For example, private companies are using analytics capabilities such as text recognition to sort through financial records and other data. This can replace manual reviews and free up workers for higher-level tasks.

Workers with expertise in connected devices can also help their companies unlock new market opportunities. A separate area of focus in the global report was the rise of IoT sensors in settings that range from factories to farms. Workers who can apply the data captured from these devices can help their companies track how customers are using certain products and also discover potential new functions or markets.

Growth Acceleration

Growth is undoubtedly at the top of every private company’s agenda, and tech-fluent workers can help their organizations accelerate achievement of this goal. Using artificial intelligence (AI) tools, companies can predict buyer behavior under certain circumstances. For example, workers who are proficient in these systems can integrate them into planning that can help their companies decide which seasonal items might sell based on data such as customer segmentation and the weather. To offer further recognition of the potential of AI, 72 percent of organizations in the CIO survey that are considered “digital vanguards” put AI at the top of their wish list.

Company leaders also recognize the importance of ensuring their people possess digital proficiency. Virtually all respondents (96 per cent) consider it to be their role to make their organizations more tech-fluent. The report notes the importance of fluency initiatives for both customer-facing teams and back-office functions. While looking at the ideal dimensions of tech fluency programs, these are some of the areas that could be included:

  • Core systems supporting the IT environment;
  • Systems that enable major business functions such as finance, customer service, and cybersecurity; and
  • The company’s business model, including supporting business strategy and revenue generation.

Regardless of the approach or area of focus, tech fluency is a critically important skill starting from new hires all the way up to the C-suite. The enthusiastic adoption of new technologies among private companies shows the future is bright – not solely because of the technology that is being adopted, but also because of the talent that is driving its implementation.

Article originally posted by entrepreneur.

This entry was posted in Technology. Bookmark the permalink.
5 Work Laptops With 10+ Hours of Battery Life
Uncategorized

5 Work Laptops With 10+ Hours of Battery Life

For some small business owners, long battery life is the single most important feature a work laptop can have. If you're one of the many entrepreneurs who work long days, often away from a power source, and want a laptop that works as long and hard as you do, this…

Read

Alibaba is Going All Out on Cloud Computing Technology
Business

Alibaba is Going All Out on Cloud Computing Technology

The e-commerce giant's cloud service operates in 49 availability zones in 18 regions around the globe It looks like there’s no stopping Alibaba from expanding its footprint in the Indian market. After investing $300 million in online grocery store Big Basket, the Chinese e-commerce giant has partnered with mobile payment…

Read

How to Make Amazon Prime Work for Your Business
Uncategorized

How to Make Amazon Prime Work for Your Business

Amazon Prime is a membership program designed to offer customers perks for loyalty to the retail giant. Consumers who sign up for a $99 annual fee (or opt for a $12.99 monthly fee) enjoy free two-day shipping, free streaming of video and music, and access to e-books. But businesses also…

Read

She Proved That Nothing Can Get In The Way of Determination
Business

She Proved That Nothing Can Get In The Way of Determination

Shariah Edwards simply graduated from Power Center Academy High School, a contract school in Memphis, Tennessee. Presently, she's looked with an assignment numerous current secondary school graduates must do - - pick which school of those she was acknowledged to she needs to go to. Be that as it may, Shariah's circumstance…

Read

China Becomes World’s Biggest Online Community
Business

China Becomes World’s Biggest Online Community

Amid tight control, the country's population has set a record by crossing a mark of 800 million Internet users China has always been in the news for internet censorship owing to laws and administrative regulations. Amid this tight control, the country’s population has set a new record by crossing a…

Read

Best Travel Sites for Businesses
Uncategorized

Best Travel Sites for Businesses

Falling victim to an eleventh-hour business trip is unavoidable. You're working on a project, firing on all cylinders with your employees and clients, and then a massive hurdle comes your way: You need to touch base with clients in Seattle, and you need to be there in two and a…

Read

9 Best Apps for Jira
Uncategorized

9 Best Apps for Jira

You may know Atlassian's Jira as a bug-tracking and software development package. But it's so much more than that now. For small businesses, Jira can help teams organize and manage a diverse array of projects, processes, and tasks for a spectrum of non-technical business specialties like law, HR, marketing, finance,…

Read

Don’t Wait for the Government: Entrepreneurs Are Keeping America Great
Business

Don’t Wait for the Government: Entrepreneurs Are Keeping America Great

Entrepreneurs are helping their local communities by introducing products and technologies for new markets across the country. Opinions expressed by Entrepreneur contributors are their own. Although popularized by Donald Trump, the “Make America Great Again” slogan goes back to Ronald Reagan’s 1980 presidential campaign. It's associated with politics, but the idea isn’t about…

Read