Industry 4.0 – How Digital Knowledge is a Pillar of the New Economy

It should come as no surprise that the future is digital, but the massive transformation that’s part of the fourth industrial revolution may be larger than many organizations are ready for.

Industry 4.0 takes digital technology to a whole new level thanks to interconnectivity through the Internet of Things (IoT), access to real-time data, augmented and virtual reality, and advanced robotics, among other digital solutions and advanced technologies.

This connectivity, intelligence and flexible automation is rapidly changing how work is done – most notably in the world of manufacturing. To keep up, companies need to adapt at the same lightning pace and to offer the training, knowledge and skill sets critical to organizational success.

The need for people who can analyze the vast amounts of data that will be generated is key to the new economy, as are digital skills, from basic digital literacy to advanced digital knowledge. Empowering staff with digital knowledge frees up their time to make decisions and solve problems, helping to ensure higher productivity, as well as higher retention rates.

This all means that, in the age of Industry 4.0, training programs need to be more scalable, personalized, and flexible, with clever organizations addressing widening skills gaps and emerging pain points through relevant learning and development and frequent training. It also means accelerated onboarding and skill upgrades for the new hires.

While there isn’t a one-size-fits-all solution for delivering training, here are some ways to help ensure learning and development is delivered in the best way for organizational advancement and employee retention:

Take Your Learning Online

These days, almost everything is happening online, which is a good thing when it comes to learning. Ensuring your company has a learning culture supported by a robust eLearning platform strikes the perfect balance between training quality and cost reduction. Plus, an online platform that can be accessed anytime and anywhere means employees are more likely to complete what they started, integrating learning directly into your operations.

Engage and Motivate

Engaging and motivating employees is always important and never more so when they’re expected to quickly learn new skills and acquire knowledge. Making learning and development mobile friendly and easy to digest via microlearning sets employees up for success, increasing their motivation to learn while improving productivity and performance. Providing eLearning opportunities that will further employees’ career development and provide comprehensive on-the-job application of the material also allows them to feel more confident about their skills and knowledge.

Tailor Learning

With the help of artificial intelligence, learning and development can be personalized to suit the learner’s requirements. This means acquiring the necessary digital knowledge will be a lot more efficient – and effective – when training employees in a rapidly-changing environment.

Measure Learning Outcomes

Industry 4.0 is going to bring with it access to a lot more data – information that can shape how you deliver your learning and development. Job performance data or data from employees’ performance during training courses will help L&D departments gain insights into the learner journey and create relevant training programs. This big data can be aggregated to track the evolution of your entire workforce.

Xpan develops digital learning solutions for companies globally. From design to deployment, our team is making heroes of Learning and Development Officers and contributing to the worldwide number of individuals improving their workplace experience (and lives) with better learning.

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