Skills intelligence systems are the future

Smart corporate leaders know their people hold the key to unlocking exceptional performance. To stay ahead of the competition, they prioritise hiring, rewarding, and offering growth opportunities to people with the right skills to leverage hyper-automation and drive digital transformation. And they understand that upskilling and reskilling talent is a business imperative. If a company does not help its employees flourish in their careers, they will find other companies that do.

We see a game-changing opportunity today because technology has evolved to meet the moment. We are harnessing artificial intelligence (AI) and machine learning (ML) to map a skills intelligence system at scale.

Companies with a clear picture of the skills their people already have and the ones they need are best positioned to build more innovative products and deliver for customers. For decades, leaders have wanted a system that helps them understand the skills that will drive their business into the future, find and develop people with these skills, and identify high-performing talent. But putting this approach into action has been inefficient and ineffective. All too often, the different tools companies rely on for learning, goal setting, performance evaluation, and hiring do not talk to each other or offer integrated insights.

According to Teneo’s global Vision 2023 survey, only a quarter of CEOs feel that their current executive teams represent the perspectives of future generations. And an international study by i4cp showed only 30% of organisations feel they have the necessary skills for the future, while just 10% have an employee skills database or inventory with profiles for all employees. More than half of organisations believe that having insufficient data about the current skills and capabilities of the workforce is a major barrier to workforce readiness. 

To deliver on a company’s vision and rise to the top in a tough economic environment, a CEO must find new ways to realise the full potential of their workforce and maximise both engagement and performance. As with all areas of the business, CEOs need to leverage sophisticated data and insights to build the best teams with the right talent at the right time. We see a critical need for a skills intelligence system that predicts, identifies, and delivers the talent required to win—including diverse, undervalued talent with huge potential