The Growing IT Skills Gap
The IT skills gap is growing. In 2019 and beyond, employing skilled IT workers will be a key factor separating successful companies from the ones that fall behind. The demand for advanced skills in programming, app development and data analysis is on the rise. Emerging technologies like machine learning and AI are poised to generate at least 133 million new roles by 2022, according to the World Economic Forum. But new jobs aren’t beneﬁcial if no one can ﬁll them. While new technologies are creating more job opportunities than ever, an enormous deﬁcit exists of workers skilled in data science, programming and development.
Hiring managers can’t count on the ability to bring on new employees that possess these skills. Timing is critical – and acquiring new talent is expensive and highly competitive. Instead, organizations need to invest in training to upskill their existing workforce.
Businesses are overrun by software and applications. Those with 1,000-4,000 employees deploy an average of 44 custom applications today, according to McAfee. Developing applications in-house is easier and cheaper than ever before. But companies struggle to secure the right talent to spin up custom software.
As you can see in the image above, 40 percent of respondents see software/application development as their biggest skills gap. Decision-makers also recognize that ﬁnding and hiring qualiﬁed talent in cybersecurity, cloud computing and data analysis is a major challenge.
These findings, as well as many others including the Top Challenges IT Department Face, and Measuring the Effectiveness of IT Training Programs, are included in our 2019 State of IT Training Report.
This 25-page report combines responses from 1,500 IT managers and professionals worldwide to uncover key trends in IT talent development. New Horizons’ research underscores the widening IT skills gap that exists across growing fields such as software and application development. Sixty-eight percent of respondents cite “staying on top of new IT trends” as an important or very important initiative for success.
For the second year in a row, cybersecurity also remains the top training priority for businesses.
“A direct link exists between successful, innovative companies and their investment in employee training,” said Kevin Rock, Sr. Director, Products and Marketing, at New Horizons. “Our research highlights the areas companies are excelling and falling short in their training programs and the technical competencies that are top of mind for business decision-makers.”
Key findings from the report include:
- 6 out of 10 respondents do not have a formal IT training program in place at their organizations.
- Only 36 percent of respondents believe their IT training strategy is eﬀective.
- The most successful learning methods are instructor-led online courses, on-the-job training and instructor-led classroom courses.
- Nearly 63 percent of decision-makers plan to increase or maintain their IT budget this year.
- The largest IT skill gaps exist in software/app development, cybersecurity and cloud computing.
- 88% of decision-makers agree that relevant vendor certiﬁcations are somewhat or very
important when vetting IT candidates.
We hope you download the free report today to take advantage of this valuable information.
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