scout-analyze the skills required to achieve a company’s ambitions.The end-to-end skill transformation has three phases: In Europe, 94 percent of surveyed executives believe that the balance between hiring and reskilling should be equal or tip toward reskilling, compared with only 62 percent of US respondents. This is increasingly vital as disruptive technologies transform job requirements, but the outlook on reskilling differs geographically. Reskilling is the real challenge: workers are retrained with new skills that will enable them to fill different positions within their companies. Upskilling means that employees learn new skills to help them in their current positions as the skills they need evolve. To thrive in the Fourth Industrial Revolution, companies must ensure that their workers are properly equipped through upskilling and reskilling and then hire new people when necessary. Technology, however, is only half of the Industry 4.0 equation.
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