Irish Development Agency (IDA) Releases Diagnostic Tools to Help Irish Companies Prepare for the Future

Irish Development Agency (IDA) Releases Diagnostic Tools
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For the purpose of assisting its client firms in the expansion of their technological capabilities, IDA Ireland has introduced two self-assessment tools.

Both of these online tools are intended to assist businesses in evaluating the existing operations that either allows more sophisticated manufacturing or the digitalization of services. The purpose of these tools is to draw attention to a company’s current areas of strength and to identify areas that still need development.

According to Irish Industrial Development Agency (IDA), these tools will also provide businesses the ability to prioritise initiatives that develop future capability to successfully accomplish transformation and growth.

The diagnostic tools are designed for use by businesses with the goals of bolstering their organisational resilience and moving toward a more sustainable business model. The provision of an action plan for future-proofing Irish multinational enterprises is one of the primary tasks of the new instruments that have been developed.

The first instrument is a method for determining the degree to which industrial organisations have adopted disruptive digital and environmentally friendly technology. The level of digitalization maturity of service organisations may be determined using the second instrument.

Michael Lohan, who is the divisional manager of life sciences talent transformation and innovation at IDA Ireland, stated that one of the primary focuses of the agency’s ‘Driving Recovery and Sustainable Growth’ strategy is to provide assistance to businesses in their efforts to undergo transformations.

“These diagnostic tools will assist our customers identify their present and future technology and talent or skills demands,” Lohan added. “These tools will help our clients establish their needs.” This will be very necessary in order to position companies for development as the acceleration of technological adoption and digital transformation continues.

Contacting the company’s assigned IDA Ireland project executive is the only way for businesses to have access to the two diagnostic tools.

According to the statement made by the organisation, “IDA Ireland is focused on helping the transformation of our client firms to strengthen their overall competitiveness through digital disruptive and sustainable technologies.”

IDA Ireland had a great deal of success in maintaining a high record of foreign direct investment (FDI) during the pandemic. As a result, Ireland increased its market share of FDI into Europe in 2020, despite a drop in FDI flows on a worldwide scale.

As Irish companies continue to upskill in areas such as digitalization, leadership, and sustainability, Skillnet Ireland recorded record levels of interaction with its skills and training programmes in the month of July.

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