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Skills intelligence is when companies use artificial intelligence (AI) to analyze their people data, understand which skills they have now and will need later, and make better talent decisions. Leveraging skills data is more important than ever, thanks to the conditions of today’s labor market:

The World Economic Forum predicts that 39% of core worker skills will become outdated by 2030. SHRM research shows that the average time-to-fill is around 44 days, with some roles taking more than 60 days to fill. Replacing a bad hire costs between 50% and 4x the employee’s salary, including recruiting and lost productivity.