How useful and relevant are competency frameworks in the new world of digital working?

In the linked article, I’ve summarised some of the arguments for completely doing away with competency frameworks.

I’ve also suggested some ways of making them more relevant and user-friendly: this includes changing their name, making them more flexible, incorporating them into 360 Degree Feedback design, and using technology to allow employees and managers to update them as they need to.

It’s the end of competency frameworks, or is it…?