How AI/Machine Learning Can Help a Small Business Keep up with the Half-Life of Skills

Here’s something scary I read recently, “The half-life of skills is now five years. Half of what you learn is either forgotten or obsolete in five years.” The pace of change isn’t slowing down, that’s for sure. How do we keep up, especially in business?

How about fighting technology with technology? AI and machine learning can help our businesses and employees keep up with change by learning new skills to deal with it. No business is too small to benefit as even a solopreneur like me uses AI-driven software.

How can AI automate and drive the training and skill acquisition process? By analyzing data from teams and individuals and tweaking the training process for each group and individual. No group or person learns the same way, and AI tailors the program for the best fit for each.

Learning assessments and test designs currently follow a middle-of-the-road approach, leaving some struggling and others bored. Using AI, designs can adapt, so everyone gets tested at their level. That allows ongoing learning appropriate to an individual level, not an average.

As AI continues to gather information from tests and assessments, it recommends courses and content based on your level of knowledge and job skill requirements. No more boring lessons peppered with stuff you learned months ago, but new skills to move ahead. The training timeline shortens.

Training appropriate on an individual level can improve completion rates which now barely break 20%. AI and machine learning increase accessibility for everyone who wants to update their skills, regardless of physical limitations.

Author: Kris Keppeler, a writer who finds technology fascinating and loves humor. She writes for Crossing Genres on Medium.com and Does This Happen to You? on Channillo. Award-winning podcast producer who enjoys telling stories. Follow her @KrisKKAria on Twitter or on LinkedIn.

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