Relevant Skills in Today’s World!

Relevant Skills | World | 21st September 2022 | Virtual Wire

 

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Skills are the capabilities that an individual is capable of doing something well or expertise at.

Four kills that are worth investing in and learning are:

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Artificial Intelligence

AI refers to systems that mimic human intelligence to perform tasks and based on the information collected improve themselves.


Blockchain Technology

It mainly combines three leading technologies that are cryptographic keys, a peer-to-peer network containing a shared ledger, and a computing system to store the transaction and records of the network.


Data Science

A field that uses scientific methods and algorithms to study that deals with vast volumes of data using modern tools and techniques to derive meaningful information from unstructured data to make business decisions.


Machine Learning

Machine learning is how a computer system develops its intelligence. It is a subset of Artificial Intelligence is that solves specific tasks by learning from data and making predictions.


Two types of skills:

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Hard skills

Hard skills are skills that are measurable and teachable abilities such as quants, writing or reading, or anything learnable with time and practice.


Examples:

  • Decision Making.

  • Problem Solving.

  • Proficiency in a foreign language.

  • Sales.

  • Business Analysis.

  • Cash Flow Management.

  • Inventory Control.

  • Proficiency in specific computer programming .

  • Bookkeeping.

  • Affiliate Marketing.

Soft skills

The traits that make you a good employee, manager, executive, or leader. They are personal qualities that make you thrive well in the workplace.


Examples:

  • Communication.

  • Punctuality.

  • Active Listening Skills.

  • Emotional Intelligence.

  • Team Work.

  • Interpersonal Skills.

  • Growth Mindset.

  • Adaptability.

  • Open to Constructive feedback.

  • Critical Reasoning.

According to a Wall Street Journal Survey of over 900 executives, 92% of soft skills such as Critical Reasoning, Communication skills, and Curiosity are as important as technical skills. Executives also reported that they find it difficult to look out for employees with these soft skills. By learning the right hard skills, employees can perform their job work effectively and efficiently which is beneficial for both employee and employer.



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