Skip to main content

Digital Transformation Skills Shortage Slows Progress

Having trouble staffing your digital transformation project team? Well, you're not alone. More organizations report a digital business skills gap within their workforce, but many can't find a viable solution to the IT talent shortage, according to the latest market study by CompTIA.

Forty-six percent of the executives surveyed believe that the digital business skill challenges within their organizations have grown over the past two years.

Moreover, the skills gaps are not confined to technology. Executives also reported digital skills issues in marketing, sales or business development, operations, customer service, accounting and finance.

Digital Skills Market Assessment

"The skills gap is often a catch-all phrase for other workplace challenges, such as a labor supply gap or generational differences in work styles," said Charles Eaton, executive vice president at CompTIA. "But whatever the cause there is clearly a wide chasm between the skills employers want and their perception of the skills their workers have."

The consequences of workforce skills gaps can affect many areas -- lower staff productivity, lower sales and profitability, delays in bringing new digital products and services to market, and losing ground to competitors.

Yet just one third of respondent organizations said they have a formal process and resources in place to address their skills gap challenges. The remaining companies reported having an informal process, or no process at all.

CompTIA uncovered that more than half of organizations acknowledge they struggle in identifying and assessing skills gaps among their workforce. That said, knowing what to fix must precede discussions of how to fix it, and the deployment of a chosen resolution.

The speed of innovation is one of the biggest challenges companies face in keeping their employees digital skills up to date -- a challenge that show no sign of abating.

Organizations testing the waters with the Internet of Things, artificial intelligence, robotics, and other emerging technologies face even greater digital skills gaps. According to the CompTIA assessment, it takes time for training materials to reach the market and for opportunities to gain hands-on experience.

Outlook for Digital Skills Development

When asked about strategies for addressing skills gap challenges within the workforce pipeline, companies emphasized the need for better approaches for candidates to gain work experience and on-the-job training. The top strategies cited include:

  • Better ways to provide on-the-job experience, such as internships.
  • Better ways to provide intense job training, such as apprenticeships.
  • Early student exposure to careers in IT and digital technologies.
  • Certifications and credentials to validate skills and knowledge.
  • Better assessment methods to evaluate the skills of job candidates.

Popular posts from this blog

Digital Transformation Investment at $3.4 Trillion

Business technology leadership matters. Across the globe, more leaders have been pursuing bold Digital Transformation (DX) initiatives with the goal of creating new sources of business value through digital products, services, and experiences. As an additional benefit, the COVID-19 pandemic revealed that digital transformation efforts improve an organization's resilience against global market disruptions. Global DX investment is forecast to reach $3.4 trillion in 2026 with a five-year compound annual growth rate (CAGR) of 16.3 percent, according to the latest worldwide market study by International Data Corporation (IDC). Digital Transformation Market Development "Despite strong headwinds from global supply chain constraints, soaring inflation, political uncertainty, and an impending recession, investment in digital transformation is expected to remain robust," said Craig Simpson, senior research manager at IDC . The benefits of investing in DX technology -- including aut

Artificial Intelligence for National Border Security

National border protection agencies are under pressure to provide the highest level of security in the face of growing threats, such as increasing illegal migration and international terrorism. Now, government agencies are embracing advanced border security technologies to aid in effectively and reliably securing national borders. These solutions look to detect and identify potential threats and prevent them from escalating to a point that may jeopardize security. Security Surveillance Market Development Traditional border security patrols and Closed-circuit Television (CCTV) surveillance systems aren't adequate protection, and agencies must increasingly deploy new solutions to stay ahead of criminals and other potential threats to ensure the safety of a country’s borders. According to the latest market study by Juniper Research, the value of the border security technology market will exceed $70 billion globally in 2027 -- that's rising from $48 billion in 2022. Growing by 47 p

Precision Medicine Spend to Reach $132.3 Billion

Precision Medicine uses molecular info to extract the optimum medical method from diagnostic protocols, by merging the impact of environmental and genetic factors. Data access is essential, with genetic metabolic and clinical data used to build a fuller picture of a patient's biology. Moreover, the primary aim of precision medicine is to design and optimize a pathway for diagnosis, therapeutic intervention, and prognosis, using large biological datasets. Personalized, evidence-based medicine uses stored health data, which includes patient diagnosis, laboratory work, insurance claims, and demographic information. The results enable healthcare providers to predict and prevent some illnesses. Precision Medicine Market Development According to the latest worldwide market study by Juniper Research, the total investment in precision medicine will reach $132.3 billion globally by 2027 -- that's increasing from only $35.7 billion in 2022. The significant market growth of 270 percent is