The value of skills is central to success in the ‘fourth industrial revolution’, a survey has found.
Staff and management skills are more important than new machinery or software in order to adopt advances in technology, according to EEF, a trade body for manufacturers. Whilst 38% of manufacturers said they will need new software, more than eight in ten firms said staff skills are key.
The survey, which was conducted in association with Oracle, also found that 61% of organisations questioned agree they could be using digital technologies to boost productivity.
Commenting on the figures, Steve Hill, director of external engagement at The Open University, said: “It is encouraging to see companies recognising that simply investing in new technologies alone will not transform their business.”
The survey rings true across the charity sector, where it’s essential to have the relevant skills in place to ensure technology is utilised correctly.
“The pace of change in many of the technologies that we are using today means that even the most experienced of employees may need a skills boost,” added Hill. “Organisations must focus on lifelong training across their workforce, as they cannot rely simply on younger individuals coming into the company to bring the necessary skillsets.
“As companies are increasingly able to rely on technology to perform tasks, their employees’ ability to contribute creativity, communication and collaboration will be necessary to set their business apart.”
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