As a result of the introduction and evolution of digital technologies in almost every aspect of our lives, IT technologies have entered a new phase of growth which is continuous and rapid. This growth has intensified the need for a workforce with IT knowledge and skills i.e. a workforce competent in leading edge ICT technologies such as BigData, Internet of Things, Cloud Computing, Artificial Intelligence and Cyber-security. As a consequence of this demand, there is a significant talent gap in these technologies. In a recent survey by MIT’s Sloan school of management, 40% of the participating enterprises declared that they were struggling to attract and retain talented professionals in the areas of BigData and data analytics. Likewise, the International Data Corporation (IDC) has recently predicted that by 2018 there will be a need for over 180.000 people with deep analytical skills, as well as a need for over 1 million workers with data management and data science capabilities.
This talent gap is one of the most significant barrier against using the various IT technologies in our lives to the full potential. It’s therefore important to take steps that will help close this gap. Remedial actions can be primarily taken by enterprises and yet governments could substantially help the process by establishing proper policies. In the quest for proper policies that could alleviate the IT talent shortage both governments and enterprises need start by understanding the trends in the job market.
The IT related segment of the job market is driven by the following trends:
Enterprises should invest in new processes for attracting, retaining and developing talented workers that will help them succeed in the digital era. To this end, the following best practices are suggested:
Government policies about alleviating the IT talent gap should go hand-in-hand with the efforts of enterprises. In particular, these policies should focus on:
The IT skills gap is a thorny issue, which can hardly be solved in a few years. However, if enterprises, governments and citizens cooperate and work towards alleviating this talent shortage, the IT industry will feel a positive impact and will reach new heights of growth and innovation by leveraging the IT talent at its disposal.
Outsourcing: How to Pick the Right Partner and Location
How is the Coronavirus affecting the Global Economy?
Buyer’s Journeys and Latest Trends on IT Outsourcing
Do you need an IT Department in your Company?
Eight Common IT Outsourcing Mistakes to Avoid
Leveraging 5G technology for optimum business growth
Optimal Neural Network Architectures for Edge AI
Top Five Technology Predictions for 2023
Cobots: Robot Human collaboration for Industrial Applications
Blockchain technology for decentralized data provenance and traceability
We're here to help!
No obligation quotes in 48 hours. Teams setup within 2 weeks.
If you are a Service Provider looking to register, please fill out this Information Request and someone will get in touch.
Outsource with Confidence to high quality Service Providers.
If you are a Service Provider looking to register, please fill out
this Information Request and someone will get in
Enter your email id and we'll send a link to reset your password to the address
we have for your account.
The IT Exchange service provider network is exclusive and by-invite. There is
no cost to get on-board;
if you are competent in your areas of focus, then you are welcome. As a part of this exclusive