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Which global issue should be the top priority for world leaders?

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Leveraging L&D to thrive in the AI-driven business landscape

Artificial intelligence

Priyanka Anand, VP & Head HR, Southeast Asia Oceania and India, Ericsson

Artificial intelligence (AI) is revolutionizing the business world, transforming how organizations operate and compete. This technological leap promises to make businesses more robust and agile, driving significant changes in business models. The key to unlocking this potential lies in skilling and reskilling the workforce. As technology evolves, organizations must foster a culture of continuous learning to harness the full potential of their employees, ensuring long-term career growth and business success.

Making Learning Strategies a Business PriorityTo effectively integrate AI into the workplace, employees need the right skills and knowledge. The World Economic Forum predicts that by 2025, 50% of the global workforce will require reskilling to meet the evolving demands of their roles. This skill gap affects organizational competitiveness, highlighting the urgency for L&D professionals to reevaluate their learning strategies. Aligning with business goals, L&D leaders must prioritize upskilling the workforce, fostering a culture of continuous learning through AI and data analytics, and enabling remote and hybrid learning.

AI-Driven Personalized UpskillingThe rise of AI has increased the demand for specialized skills such as data analysis, machine learning, and natural language processing while also underscoring the importance of human skills like critical thinking, problem-solving, and emotional intelligence. L&D professionals should leverage AI-driven personalization to create tailored learning experiences that address individuals’ unique needs and preferences.

AI algorithms can customise learning content and delivery methods by analyzing employee performance data, behaviour, and learning preferences. This ensures that each employee receives relevant, specially curated training. Such personalized upskilling enhances the effectiveness of learning and boosts employee engagement and retention.

 

Fostering a Continuous Learning Culture
Creating a culture of continuous learning is crucial for fostering career growth and boosting employee retention. L&D professionals must empower employees to take ownership of their professional development while providing support to acquire new skills. Implementing internal mobility programs can help cultivate this culture by allowing employees to explore new roles and opportunities within the organization.

These programs break down silos between talent acquisition and L&D, establishing clear career pathways and demonstrating the organization’s commitment to employee growth. Additionally, AI-driven tools and platforms can enhance the learning experience and drive engagement. For instance, gamification can motivate learners and make training interactive and enjoyable, while augmented and virtual reality (AR and VR) technologies can create immersive learning scenarios that simulate real-world situations.

Emphasizing Ethical AI Practices
As AI becomes more integrated into business operations, ethical considerations must be paramount. Issues such as data privacy, algorithmic bias, and the societal impact of AI cannot be overlooked. L&D can champion ethical AI practices by incorporating them into training programs and fostering a culture of responsible AI use.
Workshops on ethical AI can cover topics like transparency, accountability, and fairness. By engaging employees in discussions about AI’s ethical implications, L&D ensures that the organization’s AI initiatives align with broader societal values and regulatory standards.

 

Supporting Leadership Development

Leaders play a vital role in AI adoption. They must guide their teams through the complexities of AI. L&D can help by offering executives training in strategic thinking, change management, and AI literacy. By equipping leaders to handle the AI landscape, L&D ensures that AI initiatives are supported from the top down, fostering a culture that values and leverages AI for business growth.

 

Summing up

As the corporate landscape evolves, the pivotal role of L&D in shaping the future of work is evident. Embracing AI’s potential and developing a skilled, adaptable workforce is imperative for employee retention and business profitability. In today’s rapidly changing world, L&D is a key force that helps organizations unlock the full potential of AI, driving innovation, enhancing productivity, and fostering sustainable growth across industries.

 

 

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