Artificial Intelligence (AI) has become a transformative force in the business landscape, with its applications ranging from media algorithms to logistics and inventory management. To remain competitive, companies must harness the power of AI by upskilling their workforce. Hiring dedicated AI professionals can be expensive, making upskilling an attractive and cost-effective option.
The top nine AI skills that businesses should invest in, both technical hard skills and power skills, to thrive in the evolving market are:
Hard Skills
1. Mastering the right programming languages
Python, Java, R, and C++ are crucial programming languages in AI development. Python’s popularity stems from its simplicity and vast libraries for coding AI tools. Java is widely used in search algorithms, machine learning, and neural networks, while R is beneficial for statistical and numerical analysis. Additionally, C++ offers versatility in programming AI and integrating it into operating systems.
2. Utilizing frameworks and libraries
Frameworks and libraries, such as TensorFlow, SciPy, and NumPy, significantly expedite AI tool development by leveraging pre-existing code. Familiarity with these tools is essential for efficient AI utilization.
3. Understanding neural networks
Neural networks replicate human brain learning to make complex decisions. Building expertise in neural networks enhances the capability to develop advanced AI solutions.
4. Embracing deep learning
Deep learning involves using multiple layers of neural networks to achieve better results, particularly in prediction tasks, such as image identification and data analysis. Although deep-learning algorithms take longer to train, they are instrumental in solving intricate problems.
5. Excelling in high-level math
High-level math skills, including linear algebra and statistics, are vital for creating and comprehending AI algorithms. These skills empower teams to design sophisticated AI solutions and interpret their outcomes effectively.
6. Leveraging big data
Big data analysis is a prominent AI application today. Proficiency in algorithms to analyze big data and adequately preparing and cleaning data are crucial for deriving meaningful insights.
Power skills
1. Creative problem-solving
Creative problem-solving is fundamental to all AI skills. Teams must efficiently address challenges, choose appropriate approaches, and troubleshoot effectively during AI development.
2. Effective decision making
Given the multitude of AI approaches, the ability to assess the costs and benefits of different strategies is indispensable. Sound decision-making ensures the right algorithm choices and leads to successful outcomes.
3. Strong communication
Effective communication bridges the gap between the technical and business sides of AI. AI teams should convey the implications of their decisions to ensure alignment between management and technical stakeholders.
AI applications in the workplace
AI is already revolutionizing various business areas, including big data analysis, fraud prevention, AI-based assistants, suggestion algorithms for media or e-commerce, and content sorting. Implementing AI in hiring, inventory management, supply chains, and data analysis have transformed businesses’ operations.
Upskilling the existing workforce is a cost-effective way to develop AI capabilities. Compared to hiring new talent, upskilling offers affordability and improves employee retention, demonstrating investment in their growth.
Digital skilling with the right partner
Elev8 is a trusted partner in providing effective and scalable digital skilling solutions, working with reputable organizations like Microsoft and Amazon. They collaborate with governmental partners in Qatar, Costa Rica, and Nigeria, offering flexible programs to help businesses build essential AI skills for future success.
As AI continues to reshape the business landscape, upskilling the workforce is critical for staying competitive. Developing technical hard skills, such as programming languages, frameworks, and neural networks, alongside power skills like problem-solving and communication, is essential. By investing in upskilling, companies can thrive in the AI-driven market and future-proof their workforce for success.
