This research finds that businesses could miss out on the true benefits of automation if investments in upskilling workers remain low. It further highlights that upskilling programs help fulfill automation’s productivity potential, saving organizations millions of dollars a year.
Although automation offers incredible benefits, such as improvements in quality, operational efficiency, and incremental revenue, the new report by our global Research Institute entitled "Upskilling your people for the age of the machine" reveals that upskilling your workforce can unlock the full productivity potential of automation.
The report surveyed 800 senior executives (at director level or above) and 1,200 employees, in supervisory and non-supervisory roles, and found that organizations with high automation maturity as well as advanced upskilling programs can expect to save 270 million dollars more than those with the same level of automation maturity but where upskilling at scale is absent.
It also found that organizations with full-scale upskilling initiatives report greater success with automation. Forty-three percent of them experience good progress at the midway point compared to 24% of organizations without full-scale initiatives.
It’s not only about applying the right technology to the right processes; equal focus must be given to an organization’s people and this balance can be achieved with large-scale upskilling that boosts employee morale and output.
The report offers key considerations in designing and implementing a successful upskilling strategy to equip a workforce to deal with automation-driven change:
To find out more about how upskilling can unleash automation’s full potential for your business download the report by filling in the form below.