In Part 1, we discussed big data in a world where everything is seemingly connected to the Internet, has sensory capabilities, and is informed or enhanced by artificial intelligence, companies are asking hard questions.
How can we maintain strategic focus? What steps can we take to encourage innovation?
We talked about how we operate a tight focus so that Utopia are ideally placed to offer businesses optimum help and advice on maximising the incredible benefits this explosion of data offers to those who know how to harness it.
Now, we ask more hard questions: Who will manage it? Where is the talent?
Future competition will centre on attracting and retaining talent. In the age of AI, the talent pyramid is being reshaped. The talent structure of organisations will become more diamond-shaped, with AI systems taking the place of people at the bottom and handling huge volumes of repetitive and routine tasks. More creative high-end talent, and top professionals such as data scientists, will be in great demand.
Working closely with Huawei, we have seen how they begin by encouraging internal business leaders and strategic leaders to emerge and stand at the top of the pyramid, helping maintain organisational vitality. At the same time, they encourage open collaboration, bringing together more external experts, scientists, and high-end talent from international organisations, standards organisations, and industry organisations to work with Huawei.
They also focus on how to motivate outstanding people, especially young people, to stand out from the crowd. Millennials grew up in the Internet era, excel at learning, and are concerned with equality. That’s why Huawei believes that the focus of management must shift to empowerment. They strive to impart knowledge to young people and create opportunities for them.
Huawei have implemented a Dedicated Talent Development Plan to promote outstanding junior employees quickly. In 2018, Huawei fast-tracked the promotion of 6,000 top-performing employees.
Huawei’s third approach to managing talent is continuous learning and training. We are living in a rapidly evolving world where technology and business models change overnight. Managers must be able to predict the future accurately and address the uncertainties we are facing.
To this end, Huawei requires its managers, especially senior managers, to broaden their horizons. Managers must absorb a wide range of information from inside and outside Huawei and continue to learn. Huawei want to create a climate where everyone is willing to learn – any time, from any knowledge domain.
Utopia are ideally placed to offer businesses optimum help and advice on maximising the incredible benefits this explosion of data offers to those who know how to harness it; including the identification, recruitment and retention of the necessary talent.
We offer a free, no-obligation consultation to identify how companies can grow their business in the modern landscape. Contact us <here> Or call us on 0333 241 2526.