Bizz Lise

To be future-proof and fill this gap, companies have to invest in their talent management and succession planning processes. To achieve this, companies need a well-defined talent strategy for the digital age and business leaders need to take action when it comes to reskilling the workforce. Talent management should become an integral part of a company’s culture and should be advocated on every level of the organization. Here's a 5 step model to build a supportive culture around talent management (from  Bradford Bell, Associate Professor of HR Studies at Cornell ILR University) 1. (Re-)Define Talent Given the current and upcoming evolutions of the Industry 4.0, companies will need new types of leaders.The digital skills gap is defined by a combination of specific hard and soft skills. To overcome this gap, companies need to redefine their ideas of talent. Client centricity, emotional intelligence, willingness to change the ‘status quo’, the ability to carry out p...

Digital transformation : Primary driver of business innovation Digital transformation is defined as the integration of digital technology into all areas of a business resulting in fundamental changes to how businesses operate and how they deliver value to customers.  No longer are companies building software or running IT for cost savings and operations, but rather IT has become the primary driver of business innovation. Embracing this shift requires everyone in the company to rethink the role and impact of IT in their day-to-day experience. Corporate re-think Like digital transformation itself, budgeting for digital transformation requires a corporate rethink. T he CEO must embrace the transformation as a business imperative. Transformational initiatives live or die based on C-suite commitment. Without enough funding, digital transformation is just lip service and nothing will be accomplished other than a bunch of presentations and e...