TECHNOLOGY IS PAVING THE PATH FOR FUTURE BUSINESS SUCCESS

In the realm of technology, there has never been a more thrilling time to be a professional. Concurrently, for business executives, nurturing and cultivating these experts has never held greater significance.
The trajectory of business evolution is steered by digital transformation, with technology at its vanguard. Organizations that channel investments into enhancing the competencies of their IT workforce are poised to lead in the forthcoming years. This strategy equips them to achieve operational efficiencies, accelerating innovation on behalf of their clientele.


The landscape of IT skills is undergoing a significant transformation, with compelling statistics painting a vivid picture. At the end of 2022, a remarkable 60% of the global GDP was digitalized, signifying a remarkable shift in the business landscape. Forecasts from IDC further underscore this digital revolution, predicting that by 2025, an impressive 75% of business leaders will harness the potential of digital platforms and ecosystem capabilities. These visionary leaders are gearing up to adapt their value chains to encompass novel markets, industries, and ecosystems. However, this journey isn’t without its challenges. A staggering majority of over 70% of IT leaders recognize the pressing issue of the skills gap, with a notable 46% acknowledging its impact on impeding progress. The search for talent doesn’t get easier, as 92% of hiring managers grapple with the difficulty of finding individuals adept in open source skills. Notably, cloud strategy emerges as a pivotal driver of sustainability, as indicated by 71% of IT leaders. The ramifications of lacking digital skills reverberate through the business world, with a significant 76% of enterprises highlighting the potential adverse effects on their profitability. The upcoming workforce is acutely aware of the value of these skills, as 70% of young individuals express their desire for employers who prioritize investing in their digital growth. These facts collectively illuminate the profound influence of IT skills in shaping the course of modern business.

Sources: LinkedIn, Information Technology & Innovation Foundation; International Data Corp.; Cloudreach; Linux Foundation; Learning and Work Institute.

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Career Connect Editorial Team