1. The AI Concern: A Snapshot
Ever wondered how the younger generation feels about the rise of Artificial Intelligence (AI) in the workplace? A recent UK survey by Corndel reveals that a staggering 61% of young workers believe AI will take over at least a quarter of their job roles by 2023. Dive deeper, and you’ll find that 38% of those aged 18-34 fear AI might replace half of their job responsibilities in the next decade. But here’s the kicker: 82% of these employees haven’t received any AI training. Feeling the urgency yet?
2. Data-Driven Leadership: The UK’s Struggle
Data is the new gold, right? McKinsey Global Institute’s research underscores this, showing that data-driven businesses are 20 times more likely to acquire new customers. Yet, the UK seems to be lagging. A whopping 92% of employees working with data tasks believe there’s a significant data skills gap in their organizations. The result? Hindered efficiency, productivity, and missed growth opportunities.
3. The Future of Organizations: A Glimpse
Corndel, in collaboration with Imperial College Business School, recently showcased a tool that might just change the way we view the future. Dr Mark Kennedy introduced FOO.CASTR, a visualization tool designed to predict the future trajectory of organisations in the face of advanced technologies like AI. It’s not just about predictions; it’s about understanding the intricate dance between technology and job roles.
4. The Data Skills Gap: Impact and Implications
The data skills gap isn’t just a buzzword; it’s a reality with tangible consequences. From reduced efficiency (35% of data professionals agree) to increased risk of errors (32%), the implications are far-reaching. And if you’re thinking it’s just about allocating time for learning, think again. A significant 44% of employees believe that lack of time for skill development is a major challenge, especially in larger organisations.
5. Addressing the Gap: Solutions and Recommendations
So, how do we bridge this gap? Over half of those in data roles believe that on-the-job training is the answer. Additionally, 43% advocate for online training, while 39% see the solution in more access to data analysis tools. The message is clear: continuous skill development, combined with the right tools, is the way forward.
6. Expert Opinions: What the Leaders Say
James Kelly, CEO of Corndel, emphasizes the importance of continuous skill development and investment in technology. He points out the alarming lack of confidence among employees in understanding and analyzing data. On the other hand, David Brown from Imperial College Business School highlights the urgent need for digital capabilities and the swift ROI on capability development.
7. Corndel’s Partnership with Imperial College Business School
Corndel’s collaboration with Imperial College Business School, a top-ranking institution, is a testament to their commitment to bridging the data skills gap. By partnering with various sectors, from FTSE 100 businesses to charities, Corndel aims to enhance business performance, boost productivity, and transform workplace culture.
Conclusion
The rise of AI and the data skills gap are pressing issues that require immediate attention. The younger generation is acutely aware of the challenges ahead. It’s time for organisations to step up, invest in training, and ensure a future where technology and humans coexist harmoniously.
Sources
HRnews. (2023, AUG 31). New survey shows Gen Z and Millennials AI jobs fear – as 61% say it will take much of their role. HRnews. Retrieved from https://hrnews.co.uk/new-survey-shows-gen-z-and-millennials-ai-jobs-fear-as-61-say-it-will-take-much-of-their-role/
