Cybersecurity is top of mind for all C-suite executives. Why? Almost 1 in 3 companies will experience a major breach within the next 24 months - and at an average of $3.86M per incident. Beyond the cost, most executives find the real price tag comes in reputational losses.
“Protect your reputation, because that’s usually the hardest aspect of a breach to fix. Software can be reinstalled. Data can be restored from backups. However, once you’ve lost your reputation, people might not want to do business with you anymore,” says Professor Jonathan S. Weissman, Senior Lecturer, Department of Computing Security, Rochester Institute of Technology and the RITx Cybersecurity MicroMasters® program on edX.org.
Developing a state of happiness on the job doesn’t just benefit people as individuals; it also has real business implications. Research shows that happier employees are more committed to their organizations; rise to positions of leadership more rapidly; are more productive and creative; and suffer fewer health problems.
Ubiquitous connectivity and the resulting consumer expectation of receiving anything, anytime and anywhere, have fueled the rise of online learning in corporations. This is a win-win, as employees are able to reskill and upskill while companies benefit from these new competencies without suffering the usual downtime associated with traditional in-person training experiences. With corporate online learning becoming the norm, edX considers what is on the horizon.
Introducing Amazon Sagemaker:
Simplifying Machine Learning Application Development on edX.org
Today’s global companies are all considering how artificial intelligence (AI) can positively impact their business – using it to acquire and engage customers, forecast their business, provide high-quality customer support and more, according to DZone. This makes talent with Machine Learning (ML) skills more in demand than ever, widening an already notable skills gap.
Trends in corporate eLearning in the age of Digital Transformation have been focused around the development of new technical skills as more and more jobs are lost to automation. While companies and workers have been scrambling to stay ahead of the technology curve in order to remain employable and competitive, recent surveys and research have shown that “soft skills” are just as important, if not more-so, to a company’s success. Soft skills have become today’s power skills.
A key challenge facing companies today isn’t the collection and management of customer data but, rather, its analysis. While technologies like Hadoop and Azure make it easier to collect large amounts of data from multiple customer touch points, much of this data’s potential is largely untapped. To keep up with the quantity of new information, companies need well-trained, analytics-savvy employees who can spot trends, identify inefficiencies, and create strategic action plans to put this rich customer information into use.
Organizations and business professionals are becoming more and more aware that everyone has unconscious bias. But having an unconscious bias doesn’t make us bad—it just makes us human. Unconscious biases can have a significant negative impact on workplaces, leading to differences in who gets hired and recruited, who gets offered new opportunities, and whose voice is listened to in meetings and beyond.
According to the World Economic Forum, more than 30% of the skills employees will need by 2020 are not considered crucial today. On-the-job training is officially required to keep pace with advancing technology. So, how do you foster a culture that values ongoing learning at a big company?