Machine Learning – a branch of AI, is changing the way companies utilise their Big Data reserve, which allowed them to reshape customers’ behaviour. Machine Learning based on the idea that machine can learn from data and recognise the patterns, which result in decisions and predictions with a degree of certainty.

Internet of Things (IoT) is not a new concept. The term is believed to be invented way back when the internet was introduced. Nowadays, the IoT is an umbrella term representing any device that has the ability to connect, or disconnect, to the Internet. Examples of IoT applications can range from household appliances, wearable devices to aeroplanes, etc.

Talent Management is a useful tool to recruit, retain and develop the most talented and skilled employees available in the labour force. It covers all processes and systems involved in maintaining and developing a high-level employee.

Read more: [Infographic] 5 Simple Habits to Upgrade Your Leadership Skills

However, many organisations are hesitating to use talent management, mostly due to finance causes. Of course, everything has its pros and cons, but if you have a deep understanding of Talent Management systems, you will see the pros definitely overweight the cons.

Read more: Companies’ Views on Talent Management (Part 1)

When it comes to selecting the most suitable company to work at, employers need to be aware of what benefits the employees are expecting from them. Typical elements, such as salary, are not as attractive as it used to be anymore. According to the new CareerBuilder’s 2017 Employers of Choice Survey, employee’s concern has widened to other factors when considering ideal employers and suitable jobs.

Finding talent is a difficult task, but retaining talent is even harder. Therefore, an organisation should have an employee development plan. This plan fulfils two goals: keeping the employees and ensuring that the organisation has a new generation of managers.

Skill gap appears when your employees lack the skills needed to achieve a specific goal, preventing themselves from succeeding. In other words, the term stands for when the employees cannot fulfil the needs/requirements of their employers because they don’t have the right knowledge, skills, or the abilities.

An organisation should have a suitable plan to focus on employee development. This process fulfils two goals: keeping the employees and ensuring that the organisation has a new generation of managers ready to take over.

Finding talent is a difficult task, but retaining talent is even harder. If you do not continuously pay attention to developing your employees with an effective training process to help them reach their full potential, they will leave and you will have to start over.

Cloud ERP is in the limelight in recent years. Internationally renowned enterprises like SAP, Oracle and Infor also take part in the game by announcing their main focus will mainly be cloud-based offerings at least for now.

Improving your leadership has many benefits. It not only promotes better performance, retains skilled employees, but also reduces pressure on the leader’s shoulders.