What is upskilling?
Upskilling is the process by which a company acquires new skills and capabilities in order to improve its collective performance. A number of factors can fall under upskilling including digital skills, data and analytics skills, application and software development, and more.
Upskilling helps companies and their employees stay ahead of the latest technological advances in their fields to ensure they can remain competitive. The process also helps to mitigate or eliminate the impact of skills gaps by acting proactively, ‘filling the gap’ before they become an issue.