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Transformation through Learning

Written by Suresh Ramakrishnan on Digilah (Tech Thought Leadership).

Technology has played a key role in the way content is consumed across age brackets and more so in the corporate world. 

One just needs to type in a few words on a browser and there could be a million links on offer.

With AI and ChatGPT coming into the fray, the options have multiplied many folds.

The biggest change or rather the challenge one is faced with has been – how to quickly arrive at what one is seeking. The deluge of content and the sponsored ones at that has the potential to create confusion. Sometimes offer contradicting information too depending on the source. Information related to diet or simple medical diagnosis are classic examples.

At the corporate level too, the struggle to create specific learning interventions for problems either at the individual or group level is intense. 

The issues, just to name a few are:

     

      • Lower attention span among employees is a serious one to tackle. In the digital world we live in today, it is extremely difficult to remain focused and avoid getting distracted by mails, notifications, calls or messages.

      • The avenues to find content are one too many. The lucky one’s land on the content of their choice whereas most tend to lose track in the sea of answers thrown at them.

      • The big question of ROI – how does one measure effectiveness.

    How does one tackle lower attention span?

    The solution to this problem starts with the team lead. While giving regular feedback, the recommendation offered to upgrading one’s skill should have a specific roadmap.

    The starting point is to make the individual receiving the feedback realise that an intervention is necessary.

    The second step would be to educate or sensitise the individual on the path that has been charted out and the rationale behind creating the specific path.

    The third step would be to create milestones or check points to understand the pace or if any changes need to be made to make the learning more effective.

    Learning is purpose driven – It is up to the leaders / managers to define the purpose so that the individuals can visualise what they are likely to gain.

    The purpose is what helps one avoid distractions. The focus is high and regular feedback sessions iron out issues if any.

    How can one navigate through the deluge of content available at one’s disposal?

    Imagine if the individual spoken about in the earlier paragraph is told what to upgrade or upskill but has not been told where to find the content related to it.

    He or she would be hard pressed to keep track of the events / discussions / meetings happening in and around to get access to the relevant knowledge / skill. It could be a nightmare leading to frustration and lack of anything meaningful.

    This is where the L&D team can come into play and guide them through curated learning paths through several online service providers and ensure the journey does not start and stop online.

    There could be ample coaching / mentorship introduced at various levels and certain events / conferences that can help them with industry wide views. 

    The integrated approach makes learning fun and meaningful.

    Yes, there are ways of keeping track of the learning through all channels using blended learning techniques which are becoming extremely popular. Some prominent technology platforms enable this.

    The big question – effectiveness of learning?

    Most online learning platforms offer valuable insights through course completion rates, diligence in taking a course, before and after quizzes, NPS scores (measured through techniques like discussion threads, referrals to name a few).

    Curiosity in going beyond the learning path to seek additional information / knowledge. It requires a bit of ‘connecting the dots’ to produce a thorough analysis as focusing on one or few indicators however good, could be misleading.

    This brings ‘action learning projects’ into focus – where several stages are created to assess the individual’s knowledge and skill application in real time scenarios.

    The skills to be used would be those offered in the courses. The respective leaders / managers must spend quality time evaluating them and offering them suggestions wherever necessary.

    Technology – the great enabler

    The three points mentioned above lean more on human intervention, but one should not forget the role technology plays in ensuring the process is smooth.

       

        • Technology can help sequence learning; continuous assessment provides indicators of how well the concepts are assimilated.

        • There are creative ways to break the monotony using gamification. Content delivery can happen through videos, animations, and voice overs. The case-based scenarios entail a more broad-based solutioning approach. There are more than one way of analysing and solving problems and it is possible to guide them through this.

        • Remote teams can collaborate online and sharing knowledge / insights can happen in real time.

        • Learning can happen on the go and is device agnostic.

        • Leaders / managers can keep track of their team members and intervene at a point of their choosing.

        • Technology platforms have the best authors and content curators at their disposal and the dissemination can happen seamlessly across continents and in a language of choice.

        • Analysing learning at the individual level with great amount of detail is possible. This helps offer specific change one can bring about to make learning more effective.

      The focus on adoption rates on online platforms

      One gets to hear this across forums where the debates on adoption rates hits a crescendo.

      Presenting three crisp case studies of large and prominent companies and how they tackled this problem,

      Case study 1 – A hospitality giant with an impeccable record of service standards, ensures undertaking training is part of the KRAs of their employees.

      A quarterly evaluation tracks completion rates and application on the job. Increments and promotions are dependent on these too. One may ask if a carrot and stick method is a clever idea?

      Well, if you are accountable to certain service standards, compromises are not welcome. In that context, it is the right thing to do.

      Case study 2 – A large manufacturing company had hundreds of long serving employees, many among them were not well versed with online techniques.

      They combined physical sessions with online courses and the trainer guided them through the process. They opened a training area where individuals could undertake these sessions.

       They conducted such session across offices / plants and locations. The adoption rates were phenomenal.

      Case study 3 – A pharmaceutical giant created a reward mechanism (good one at that) for those who showed proper application of their learning through their action learning projects – where they suggested ways and means to tackle real problems that the company was facing.

      The employees received their recognition and the company benefitted from not only upskilled employees but unique ideas too.

      Will AI (artificial intelligence) change the way we learn?

      AI can help in three distinct ways:

         

          • Depending on your search or interest, AI can suggest more courses, relevant topics or reading material that can add more value to the knowledge you seek.

          • It has the power (when put to proper use) to lessen the workload of L&D personnel to curate a learning journey. This will include both offline and online techniques.

          • If metaverse indeed becomes a reality someday, you will have several virtual agents complementing the work done by physical trainers / coaches. The extent to which they can go to fetch the right material is unimaginable (future thinking)

        Conclusion

        While technology has enabled training deployment, there are aspects or rather subjects especially soft skills that, as of today, needs a discerning eye from L&D folks and team leads to suggest a personal intervention.

        Technology will have its limitations and may appear impersonal in addressing sensitive issues.

        No one knows when technology will exactly replace a human being in form and conduct and until that day comes, human interactions will rule.

        Most searched questions

        How does ChatGPT affect an individual’s learning?

        How does one tackle lower attention span?

        Most searched queries

        ChatGPT

        L&D

        For more info check out :  EduRiser Learning Solutions Pvt. Ltd

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        HR Tech

        Compliance – Simplifying it with Digital streamlined onboarding & enhanced customer experiences.

        Written by : Aritz Zainal & Rashmi Upadhyay on Digilah (Tech Thought Leadership)

        Imagine a world where compliance is effortless, and customer onboarding is seamless.

        There is always a need for a trailblazing platform in regulatory E-KYC compliance, a ground-breaking software that revolutionizes the way businesses approach due diligence. A platform that ensures streamlined onboarding, simplifies compliance processes, and empowers organizations to navigate the evolving regulatory landscape with ease.

        Key facts from a report by McKinsey:

            • Customers expect B2C-like experiences: Banks with top customer experience scores see 3% growth, 15% revenue increase, and -4% efficiency ratio advantage.

              • Poor data quality drives costs: Data-quality problems contribute up to 26% of operational costs due to non-standardized formats and incomplete data.

                • Increasing costs, decreasing budgets: US financial-crime compliance costs have risen by around 43%, while KYC-program budgets are projected to decrease by up to 25%.

              Efficiency improvements in banks lead to significant benefits in risk effectiveness, customer experience, and productivity. A 20% increase in KYC-process automation results in improved quality-assurance scores, reduced customer outreaches, and increased case processing efficiency. Today, customers demand ease and efficiency. And we recognize this challenge and provide a simple solution through our platform.

              At One Constellation, we make this vision a reality.

              Effortless Client Onboarding with Digital KYC

              Ensures streamlined client journeys, meeting KYC and regulatory requirements from initial onboarding to regular reviews. By leveraging One Constellation, businesses provide a seamless digital experience, enhancing customer satisfaction and trust.

              Unlocking Efficiency through Compliance

              Developed by skilled fund administration experts, One Constellation has earned the trust of over 700 clients, including prominent financial institutions, banks, auditors, and legal counsels. Our solution simplifies complex procedures by integrating existing data or accessing it through our API environment.

              Comprehensive E-KYC Solution – Simplify Compliance Efforts

              The solution offers an integrated range of features to meet E-KYC needs, accessible in one place:

                  • Streamline Onboarding: Simplify customer onboarding for a seamless experience, reducing drop-off rates and enhancing satisfaction.

                    • Centralize Compliance Tasks: Manage all compliance requirements in one place, simplifying global KYC due diligence and reporting.

                      • Enhance Security with Transaction Monitoring: Swiftly detect suspicious activities, strengthening security against financial fraud and money laundering risks.

                        • Validate Documents: Authenticate and validate customer documents using advanced technology, minimizing the risk of fraudulent identities and improving accuracy.

                          • Mitigate Risks with Risk Assessment: Analyze customer data and assign risk scores based on predefined criteria to identify high-risk customers and effectively mitigate potential risks.

                            • Streamline Reporting with Automated Reports: Generate regulatory compliance reports and customize them to streamline reporting processes.

                              • Prioritize Data Security: Implement robust security measures to protect sensitive customer information and ensure compliance with regulations.

                            Continuous Updates for Ongoing Compliance

                            As the regulatory landscape continually evolves, staying up to date is crucial. We closely monitor regulatory changes and promptly incorporate updates into our E-KYC software, ensuring ongoing compliance for our clients.

                            Streamline Your Compliance Efforts

                            Our comprehensive E-KYC solutions simplify onboarding procedures, enhance customer experiences, and ensure compliance with regulatory standards. Leveraging our tailored E-KYC software, organizations unlock efficiency in their compliance efforts. Our user-friendly interface, integrated features, and customizable workflow solutions make compliance tasks more manageable.

                            Embrace the Future of Regulatory Compliance

                            The platform offers a one-stop E-KYC solution, empowering businesses to streamline compliance efforts, enhance customer satisfaction, and navigate the evolving regulatory landscape.

                            Contact us to learn more about how our tailored solutions can support your organization’s compliance journey.

                            Embracing the future of regulatory compliance means partnering with Digital KYC solutions.

                            Most asked questions

                            What is E-KYC?

                            Why is E-KYC used?

                            Hello readers! Hope you liked what you read today. Click the like button at the bottom of this page and share insights with your colleagues and friends!

                             

                             

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