Workforce development is an essential and ongoing process for organizations that ensures efficiency and cultivation of a dynamic nature of workforce. But to dig deeper into the topic of workforce development we must first understand what the term ‘workforce’ means.
What is workforce? Workforce can be defined as the people engaged in or available for work, either in a country, area or in a particular organization or industry. It not only includes the total number of people employed in the armed forces as well as the civilian jobs but, also the unemployed people who are seeking a paying job.
Workforce development is considered to be an interconnected set of plans and strategies that an organization internally formulates to meet employment needs. It may include the following:
Changes to culture
Changes to behavior
Changes to attitude
Changes to potential; etc.
All these above mentioned factors act as a force in driving the organization towards a positive influence that enables the achievement of business’ future success. Workforce is also often interlinked with employee development and is a vital pillar in business growth.
Workforce development is achieved by first and foremost, preparing workers with the specific types of skills necessary for a specific type of job.
Some of the major emerging technologies that can be taken into consideration while working towards development of workforce are:
1. Business Intelligence
Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help executives, managers and other corporate end users make informed business decisions. In retail industries, this is a type of forecast that is essential when it comes to making decisions regarding the appointment of the right people during seasonal hiring.
2. Cloud Technology
Denne historien er fra September 2019-utgaven av CIO Review.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 2019-utgaven av CIO Review.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Cognitive Fashion Design Using AI And Automation
Fashion Industry is one of the top contributors to Global GDP and amongst the highest employment generator.
Blockchain-Based Cybersecurity For IoT
Arumani Subramanian completed AI/ML Information Technology from IIIT Hyderabad and Bachelor of Technology in Computer Science from Pondicherry Engineering College. His keen interest circles around making business profitable by digital innovations, and mapping digital pathway. He is an expert of Blockchain, RPA with right use cases and leads a team of architects and solutions team.
Artificial Intelligence & The Disruptive Chatbot
Chatbot Technology has always been a game changer whether it’s content, data or e-commerce - businesses underwent change to survive due to the changing consumer perception, business value and convenience.
How Financial Services Companies Are Striving Through The Data Age
With experience in account management, corporate account management, and regional sales direct, he is leading the firm.
RPA IN ACTION IN THE FINANCIAL SECTOR
A renowned professional in artificial intelligence, investment banking, managing consulting and profitability delivery, in the industry for 20+ years and consultations for 10+ Fortune 500 organizations.
PayNearby
DETERMINED TO CREATE A DIGITALLY FORWARD AND FINANCIALLY INCLUSIVE NATION
A SNEAK PEAK ON – BLOCKCHAIN TECHNOLOGY
Let’s begin this conversation by focusing on the fundamental aspect, i.e. by ‘Defining Blockchain.’
Impact Of Algorithms On Society
A common dystopian science fiction future is where the robots take over the world.
MULTIPLYING OPPORTUNITIES IN BIG DATA ANALYTICS
The advent of modern computer networks and the democratization of information has exponentially multiplied the amount of digital data being generated.
OMDENA
INTRODUCING NEW FRONTIERS OF PROBLEM SOLVING WITH AI