A world leader in learning, Pearson – recently announced that it has acquired workforce AI and predictive analytics company, Faethm.
Faethm is a technology company with a formidable reputation in Australia and it will be the foundation of Pearson’s new Workforce Skills division. Lifelong learning products at Pearson will be powered by the firm’s market-leading data, insights, and artificial intelligence capabilities, which will allow them to address today’s rapidly changing workforce needs and reduce the global skills gap.
Michael Howells, President, Workforce Skills, said, “Pearson and Faethm believe that people are a company’s greatest asset, and we want to ensure everyone is prepared for the future of work. Together, Faethm’s analytics capabilities and Pearson’s learning products will help companies of all sizes understand what skills they need and how to develop them. In this digital age, we want to help the world’s workforce unlock its potential and ensure that companies have highly skilled employees who can work alongside new technology. This is another key building block in Pearson’s strategy to help learners develop their talent and skills at every life stage, from school through to work.”
With Faethm’s AI and analytics services, governments, companies, and workers can understand the forces that shape the labor market throughout the year, from a technological disruption to a climate change shock. The insights provided by these solutions can assist customers in upskilling and reskilling their workforce in response to these changes.
Michael Priddis, Faethm Chief Executive Officer, said, “We are delighted to be accelerating our mission and impact with Pearson. Integrating AI-driven insights from the world’s most sophisticated future of work platform with the world’s learning company will propel the pace of upskilling and reskilling for any organization, enabling their employees to benefit from the opportunities that tomorrow brings.”
Faethm has grown to serve customers in 26 countries and 21 industries since its launch less than four years ago. The company has offices in Sydney, London, San Francisco, and New York. This acquisition marks an important step in Pearson’s digital strategy, providing learners around the world with the tools they need to stay engaged in lifelong learning.