We all know that the wave of Digital Transformation (DT), Finance, and Emerging Technologies will make a company more resilient in many ways.
However, reaping this benefit has a rider: Unless your people are trained to spot (a) the opportunities that this powerful wave brings, and (b) the potential breakthroughs that this wave can help engineer, the benefits will not materialize.
For starters, training on digital transformation can assist firms in adapting to the fast-changing business environments and increase their competitiveness in a digital world. They learn to become the flexible tree that bends before the storm and develop the capabilities to deal with unanticipated obstacles.
They also directly improve their top-line and bottom-line by educating their people on how to use the transformative technologies to automate operations, enhance productivity, and build new business models. Training on even just the fundamentals of Finance & Accounitng can help teams develop the mindset on how to optimize the utilization of the company resources, both financial and non-financial. Learning how to understand financial statements, budgeting, and forecasting are all part of this, as is the ability to evaluate financial data and make educated decisions basis that analysis.
Organizations where the decision makers are financially literate, can better manage their financial resources and make strategic decisions that will help them weather unexpected crises.
Overall, training in digital transformation, finance, and new technologies will build an organization's resilience by providing employees with the skills and knowledge required to adapt to changing situations and supply them with a toolset with which to solve issues.
This can help organisations recover faster from Black Swan events and emerge stronger than before.
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