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More than 120 million workers globally will need retraining in the next three years due to artificial intelligence ’s impact on jobs, according to an IBM survey. That’s a top concern for many employers who say talent shortage is one of the greatest threats to their organisations today. And the training required these days is longer than it used to be — workers need 36 days of training to close a skills gap versus three days in 2014, IBM notes in the survey. Soft Skills Some skills take longer to develop because they are either more behavioral in nature like teamwork and communication or highly technical, such as data science capabilities. “ Reskilling for technical skills is typically driven by structured education with a defined objective with a clear start and end,” Amy Wright, IBM managing director for talent, wrote in an email. “Building behavioral skills takes more time and is more complex.” Behavioral skills, such as the ability to work well on a team, communi...

So much for the unpredictable nature of the beautiful game. Goldman Sachs Group Inc reckons Brazil will win its sixth World Cup , basing its forecast on data mining, machine learning and econometrics. The investment bank is the latest to jump into the excitement before the soccer championship kicks off this week. It used 200,000 statistical models, sifted data on individual players and recent team performance and ran 1 million simulations of the tournament. As a result, it predicts that Brazil will lift the trophy on July 15. We should note that Goldman also tipped Brazil in 2014 (forecasting a 3-1 win over Argentina in the final). But Brazil stumbled in the semi-final back then, losing by a whopping 7-1 to eventual champions Germany. ALSO READ: In pics: Here's how Indians are gearing up for Fifa World Cup 2018 Here’s the Goldman explanation in more detail: “ We feed data on team characteristics, individual players and recent team performance into four diffe...