Case Study: Intel Partners with Udacity to Close the Edge AI Skills Gap

The global Edge AI market — driven by growing enterprise workloads on the cloud and fast growth in the number of intelligent applications — is expanding at a compound annual growth rate of 20.3% and predicted to reach $2.2 billion by 2027.

Though the Edge AI market is growing at a rapid pace, there is an acute shortage of skilled talent to fill in this gap. Intel identified this challenge and wanted to build a workforce that will keep them at the forefront of the Edge computing technology. 

So in order to equip developers with Edge AI skills, Intel partnered with Udacity to launch the Intel Edge AI Scholarship program with Udacity in 2019. 

Intel Case Study

Read this case study to know how Intel and Udacity upskilled students worldwide on building and deploying AI models at the Edge.

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Team Development: Not a One- Size-Fits-All Approach

When looking at the benefits of upskilling for team development, consider this: 80% of employees say upskilling improved their confidence and made them more productive

While you may recognize that upskilling is essential, how you approach it can vary.  There’s no one-size-fits-all approach when it comes to developing teams, especially when you’re addressing skills gaps across teams of varying sizes. 

Here are some of the best employee development courses for small, medium, and large teams.

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Five Ways to Enhance Team Development With AI

Artificial intelligence (AI) has quickly become part of our everyday lives, and it’s rapidly transforming how we work. A Gartner study reported that the use of AI in business grew by 270% in a four-year period, and that AI is seen as a game-changer in the face of a talent shortage.

As organizations use AI to help address their skills gap, there are a number of surprising ways they can use AI to help with team development. AI has the potential to transform your workforce by upgrading your team development programs. 

Here are five ways that AI can enhance your employee development and upskill your team.

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4 Challenges of Team Development (and How to Solve Them)

Hiring new employees to fill skills gaps can be costly and time consuming when it comes to filling emerging tech and digital roles. A Gallup survey reported that the cost of replacing an individual employee can range from 50% to 200% of the employee’s annual salary. That’s why focusing on team development and upskilling your current employees is often a better solution.

A Gallup survey also reports that “the cost of replacing an individual employee can range from one-half to two times the employee’s annual salary.”

As critical as upskilling is, it’s important to identify potential challenges to initiating a company-wide upskill before you get started. 

Here are some of the most common challenges when focusing on team development and upskilling, along with recommendations for how to mitigate them.

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Team Development: Which Skills Should You Focus On?

According to LinkedIn Learning, 94% of employees say they would stay with their employer longer if they invested in their employees learning.

This number underscores just how critical it is to invest in team development

However, before you choose which courses to offer, you’ll need to determine what skills your team needs.

Where do you start? Which skills should you focus on first? Here’s an overview of how to get going with your team development strategy. 

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5 Enterprise Upskill Strategies for 2021

Hiring a bulk of new external employees to fill skill gaps is costly and time consuming, especially when it comes to emerging tech and digital roles.

So what’s the best way to get workers with the technical skills you need while keeping everyone happy and not breaking the bank? Upskill your current employees.

If you don’t already have training as a part of your company culture, establishing an upskill strategy may sound a little intimidating. Have no fear. A recent PwC study shows that despite challenges like management buy-in, employee engagement and budgetary approvals, over 70% of employees typically want to upskill, either to be more innovative at work or increase their status. 

Giving the people what they want — opportunities to upskill on the job (and better yet, letting them lead the way) — is the key to a successful enterprise upskill strategy. 

Here are five strategies for leading an enterprise upskill  for your team.

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