Today, the survival of many organizations depends on their plans to leverage cutting-edge artificial intelligence (AI) technologies to transform their workplaces into augmented environments.

A recent IBM study found that, as a result of AI and intelligent automation, 120 million workers will need to develop new skills or even be transitioned out of companies to different jobs during the next three years. Half of the surveyed organizations had done little to rethink their training strategies to respond to this urgency.

For that digital transformation to happen, organizations must avoid the costly “buy, not build” talent strategy that involves opting for expensive new hires instead of retraining their current employees.

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