The future of work is changing and it's time to embrace the new world. The workforce, workplace and...
Companies need to evaluate automation constantly, not just annually.
Automation is changing the way we work. Technologies like artificial intelligence, machine learning and robotics are making it possible to automate tasks that used to require human intervention. This means efficiency gains and cost savings, but it also means you need a strategy in place for managing this change; otherwise you'll be left behind. Even if your company isn't ready for full automation yet, Faethm helps you manage uncertainty by giving you the knowledge and tools to understand how your world is changing, where it's heading, and how you need to adapt. In the context of your unique business reality and workforce .
Changes in technology, workforce capability and business strategy are happening faster than ever
The pace of change has never been faster. Technology is evolving every day and business strategy is constantly shifting to meet new challenges. The workforce is changing too, with new skill sets and capabilities being added at a rapid rate.
All these changes can affect your organization's automation efforts in two ways: they can make the automation project easier, or they can delay it or even stop it altogether.
This means opportunities to drive efficiency, customer experience and growth are also changing rapidly
Organizations are constantly evaluating their automation efforts and how they can improve them. This is not only because of a natural desire to make things run more efficiently, but also due to changing customer expectations and needs. The rapid speed at which these changes occur means organizations need to be able to adapt quickly as well.
Faethm helps you understand how your world is changing, where it's heading, and how you need to adapt
Faethm is a long-term strategic workforce planning tool that helps businesses predict their future workforce needs based on current trends in technology and business strategy. Faethm gives companies an objective view into what is happening in their industry—from macro-level data on global economic trends all the way down to micro-level analysis of individual jobs and skill sets required for success within those positions.
Automation opportunities are constantly changing
The nature of automation is constantly evolving. The rate of change is accelerating, and the nature of automation is changing. With each new wave of technology comes new opportunities for organizations to improve their processes and operations through automation; however, with each new wave also comes a variety of challenges that must be addressed before an organization can capitalize on these opportunities.
In addition to this constant evolution in technology, the nature of automation itself has changed over the years as well—from being largely tactical and transactional in its focus on efficiency, to more strategic and human-centric today. This shift has created a whole range of new challenges for management teams trying to evaluate their options for automating their processes or operations.
Workforce capabilities exist or can be developed today that didn't even exist a few years ago
New skills are emerging across industries.
Examples of new skills: blockchain, natural language processing, and machine learning.
Examples of new skills that are in-demand but not widely available: augmented reality and augmented virtual reality (AR/VR).
The whole world has changed, but your strategic workforce plan hasn't kept up. What's in it for you?
While it's easy to become complacent with your strategy, the pace of change is accelerating. The entire world has changed in just the past few years. Our companies are now being disrupted by new technologies and shifting consumer preferences—and these changes are happening at a lightning pace. Customers expect responsiveness from brands beyond what was once possible.
What happens if you don't evaluate automation? You risk falling behind in the marketplace—or even losing ground entirely. In order to stay competitive, companies need to make sure they're paying attention not only to what's coming next but also how they'll use it most effectively when it arrives on their doorstep.
But if you don’t have the right tools and information, automation will also keep you stuck in the past—and that doesn't just mean falling behind on efficiency and growth. It means missing out on new opportunities to deliver better customer experiences, increase employee engagement, and drive innovation at scale by making room for creativity and experimentation in your workforce planning process.