What is the impact of training on digital transformation
Experts predict that by 2020, spending on digital transformation projects will exceed $2 trillion. This is a huge investment from companies in all industries.
Despite the fact that many companies have achieved great success in their digitalization journey, it is difficult for them to achieve similar results with their employees.
Learning and Development initiatives are key to driving digital transformation in the workplace. They not only help to train current staff but also attract new talent.
We examine six ways that training and development can be used to help digital transformation. This will allow people to adapt their skills in line with the changing landscape.
Drives a digital culture
In terms of digital transformation, 62% of organizations cite their company culture as the biggest obstacle in their journey. To ensure that your digital transformation will be a success, it is essential to foster a company culture in which everyone can buy into the new mindsets, methodologies, and processes.
Transparency, communication, collaboration, and development are essential to developing a Culture that is geared toward a successful and full digital transformation.
Two years ago, the communications giant Telekom Malaysia Berhad began a journey of digital transformation with a core goal to simplify life for its customers. The Business realized that the staff was crucial in achieving its goal. It began implementing a variety of tools to foster collaboration, innovation, and an entrepreneurial spirit.
Skype for Business, the company’s enterprise-exclusive social media platform powered exclusively by Yammer, is used across all departments for daily and event communications.
A shift to agile working and cross-departmental meetings has also given the business new life. As a result, the group’s website is now one of the top 12 most visited sites in Malaysia.
Skype for Business, the company’s enterprise-exclusive social media platform powered exclusively by Yammer, is used across all departments for daily and event communications.
A shift to agile working and cross-departmental meetings has also given the business new life. As a result, the group’s website is now one of the top 12 most visited sites in Malaysia.
Provides the opportunity for continuous learning
The pace of digital change is fast, and it’s not going to slow down any time soon. In order to keep up with the pace of digital evolution, all employees need to have access to platforms and resources that allow them to continually update their skills as well as learn new skills that will help them stay relevant in a highly competitive environment.
In order to remain competitive in the digital world, organizations need to foster a culture that values knowledge sharing, continuous learning, and collaboration. 70% of business executives feel that they lack the skills and leadership to adapt. You can set yourself apart by providing your employees with platforms, technologies, and curriculums that will enable them to continuously upskill in accordance with emerging trends and technological developments.
David Willett explains that creating a learning culture is difficult and requires senior leaders’ endorsement. In order to future-proof businesses, it is important to invest in transferable skills such as digital and management skills.
It attracts new talent.
Employees today are seeking companies that provide more than a job. Learning and development, along with career advancement opportunities, are what many candidates look for when choosing a company.
The millennial generation is looking for jobs that offer development opportunities. 59% of millennials say that opportunities to grow and learn are important to them when they apply for a new job.
ITX Corp., a software company that is forward-thinking and uses a robust model of learning and development to attract new talent, has launched an online self-directed program for its employees.
