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Will AI Solve the Skills Gap Problem?
July 10, 2023 | Article
Rapid advances in artificial intelligence promise to give businesses a competitive edge in ensuring their workforces are equipped with essential skills of the future—especially those related to the digital and green economy. Understanding how skills and jobs are transforming is critical, not just for targeted recruitment, but also for plugging skills gaps by reskilling and upskilling existing workers.
Until the recent advances in AI, companies have lacked the capability for predictive skills planning and forecasting. Traditional workforce planning has struggled to keep pace with the changing skills landscape. As one executive in our research series on skills commented: “No sooner do we complete our workforce analysis, then it’s already out of date and we have to start all over again.” Another interviewee said that before investing in the new AI based tools: “Our traditional workforce planning—meaning capacity and cost—did not showcase who the company needed to hire.”
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