Faethm Insights Blog

Workforce-first strategy is not just a trend

Written by Faethm | September 15, 2022

At Faethm, we understand that only by understanding the future skills needs of your workforce can you build a sustainable, competitive advantage. That's why we've built a system that predicts future demand using artificial intelligence and machine learning. This enables us to target specific roles within companies and identify the technology-enabled skills that will be most critical to those roles in order to give companies a strategic advantage over their competitors.

Using AI and Machine Learning, Faethm builds models based on company data and external sources

The use of AI and machine learning techniques to build predictive models has become increasingly popular in predicting future demand. Faethm has used these techniques to build predictive models that are used by leading companies.

 

These models pinpoint which technology-enabled skills will be most critical to each role and who will need them

The outputs of the model can be used as inputs into other business processes, including:

  • Hiring decisions

  • Skill development programs

  • Talent management software (i.e., recruiting and training programs)

With this insight, companies can plan how to best prepare people, determine what training to invest in and assess impact on business

Faethm is a platform that uses artificial intelligence to make it easier for companies to plan for the future. Companies can use the Faethm platform to identify key skills and predict demand in order to:

  • Plan how best to prepare people

  • Determine what training programs are most effective

  • Assess impact on business

Building on existing data, Faethm provides forward-looking insights that drive a workforce-first strategy to future proof companies

Faethm provides forward-looking insights that drive a workforce-first strategy to future proof companies. Faethm is a cloud-based platform that uses AI and Machine Learning to predict future demand, enabling organizations to plan, align and execute their workforce strategies in real time. The reporting analyzes the current state of the market and forecasts its evolution over the next fifteen years. 

A workforce-first strategy is not just a buzzword. It’s a way to drive competitive advantage by making sure that your people have the skills they need to succeed in their jobs and add value to their companies. The skills gap problem is real, but it doesn’t have to be an obstacle on your path towards growth. Faethm provides insight into future demand for tech-enabled skill sets so you can plan how to best prepare your workforce for tomorrow's jobs today—and reap the benefits of tomorrow as well.