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- The Skills-Based Transformation has Arrived
The Skills-Based Transformation has Arrived
If you are not ready to lead your company into the new skills-based paradigm, then you should step aside to allow those who are to take charge.
Why it matters: After a year as CEO of my first AI company, I decided to step down.
The CTO and CRO demonstrated a greater investment in this company.
Consequently, I spent the next year and a half helping hedge funds implement AI trading.
This experience ultimately led to the formation of my second AI company, which a larger technology firm later acquired.
Between the lines: For executives who are too afraid to undertake the daunting task of leading a company from one business era into another, they should step back and reassess their approach.
The reason is that this change is occurring regardless of our actions.
For companies to thrive in the new paradigm, they must take the necessary steps to operate in it.
It's an all-or-nothing situation.
The only question is how long it will take to get there.
Context: While it starts with Enterprise AI, the result is a total transformation of how the business operates.
According to a 2025 study by the World Economic Forum (WEF), the shift from role-based jobs to skills-based organizations is expected to be completed by 2030.
However, many companies are already implementing it, with many more planning to transition by 2026.
By the numbers: Research from Deloitte indicates that organizations adopting a skills-based approach (SBA) are 57% more likely to be agile, 107% more likely to allocate talent effectively, and 98% more likely to retain high-performing employees.
The World Economic Forum (WEF) predicts that AI and automation may displace 85 million jobs by 2025.
However, the WEF anticipates the creation of 97 million new positions by 2025 and 170 million new jobs by 2030.
Go deeper: Interested in learning more about SBOs, the role of AI, and how to get started? Reach out to Todd Moses & Co.