The Impact

The impact on our vacation travel, the mainstay of our business, struck like a wrecking crew. Business dried up overnight! We were not alone. But we were determined to ride the wave. Where there are problems there were opportunities.

Skills and AI loomed large, so we embarked on research into this with vigor and enthusiasm.

Consulting takes a brave initiative

Four  titans of the consulting industry, Earnst & Young (EY), KPMG, Deloitte and PriceWaterhouse Coopers (PwC) were also experiencing the dire impact of AI on their industry. They took the steps to do the research that helped to chart a course through the storm.

In a move to develop their consultants' AI skills competencies, their decisions to   invest billions in artificial intelligence (AI), was an eye opener for us.
 

The dynamic internal skills gap : A monumental challenge

Even with such abundant resources, these, and others as well, realized there was a critical void – the ability to swiftly and accurately identify skills gaps within their own workforce. 

AI could summarize data from mass repositories and identify new and emerging job roles and skills trends on a global scale. But how could they identify the skills and gaps among the thousands of employees scattered in branch offices across the world?

AI could only guess at the changes needed in internal skills and competencies within an organization. Furthermore, dependence on recruitment to fill skills gaps, where competition for scarce skilled resources has intensified, this became a tedious and expensive undertaking..

 

Towards a better solution

The starting point was an accurate and reliable skills inventory. The time it would take to compile a useful skills inventory was too long. By the time it was completed, it was obsolete. Generative AI did not seem up to the task.

Compilation of skills specific to the organization was not possible through this approach. Approximation was not seen as very well suited to informed HR decision-making.

A better way was needed.

Results from AI  were, at best, an approximation of where the organizations stood skills-wise compared to global estimates.  Many organizations are in search of a better solution.

The rush to AI to provide a better solution for skills first workforce readiness did not abate, The fear of the unknown and resistance to abandoning conventional practices threaten to impede progress.

 

WorkforceAI : A beacon of hope

Despite the aftermath of COVID-19 and the onslaught of AI, after much study, research and brainstorming the challenges, the team came up with the idea of WorkforceAI, the solution that provides executives with better decision-making data for HR.

WorkforceAI is focused in this niche.

The platform uses a combination of internal skills data and AI in an innovative way that provides organizations the fastest, practical and most accurate method to continuously maintain skills and competency data of people already engaged by the organization.

Unlike other HR solutions that rely on recruitment to fill skills gaps, WorkforceAI offers a revolutionary approach – a skills-first strategy designed to continuously identify and upskill existing talent within the organization even in the face of change.

Embracing the promise of AI

Consulting firms as well as large and mid-sized organizations in other industries, welcome not only the speed, efficiency and accuracy they need from the WorkforceAI platform to keep ahead of competition, but also a path to maintaining workforce readiness in a rapidly evolving landscape.

Charting a new course

As a new innovative approach to deliver more meaningful results that guide important human resources decisions emerge, leaders of the big four of consulting look beyond the barriers, recognizing the future of AI and its potential for unprecedented returns on investment and the opportunity to redefine workforce management for the digital age.

Looking ahead

As other large and mid-sized businesses in other industries look to the future, the story of the big four of consulting  is not merely one of adaptation, but of transformation. Money helps. But taking a less traveled route to resolve difficult  problems is often needed. Through bold vision and unwavering determination, the big four KPMG, EY, Deloitte and PwC emerge as trailblazers, embracing innovation to navigate the tides of change. 

As organizations harness the power of WorkforceAI, it paves the way for a future where organizations thrive amidst uncertainty, guided by the beacon of innovation.