In today’s digital age, it is imperative for managers to remain in touch with major technological changes. Thus number of centres have emerged which help professionals to update their knowledge in areas such as cloud computing, data analytics and smart devices. Specific corporate training programmes are being designed bringing together experts from eminent educational institutes such as Tuck and MIT Sloan to help reduce the skills gap. Cisco is one such organization which has put together such a facility. Organizations are worried that newer, leaner firms such as Uber, Google and Airbnb will eventually leave the older giants in the shade if they do not respond to technological challenges.

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