How a Skills Gap Impedes the Use of New Tech

 
 
By Karen A. Frenkel  |  Posted 11-11-2016 Email
 
 
 
 
 
 
 
 
 
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    How a Skills Gap Impedes the Use of New Tech
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    How a Skills Gap Impedes the Use of New Tech

    A skills gap in IT workers is slowing the implementation of new technologies such as the IoT and AI, but third-party partnerships could help turn that around.
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    Importance of Technological Trends
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    Importance of Technological Trends

    78% of respondents say it is vital or very important to keep up with the latest tech trends. 88% agree financial gains can be made by responding to IT trends within their business, and 86% say they can gain competitive advantage by doing so.
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    A Disconnect
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    A Disconnect

    Although they know the innovative use of technology can impact the bottom line, the rate of implementation is low. 90% of IT decision-makers say big data is relevant to their industry, but only 64% are implementing it. 50% believe AI is relevant, but only 25% of organizations are adopting it. 70% say IoT is relevant, yet only 30% are implementing it. 46% recognize the importance of wearable technologies, but only 10% are implementing it.
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    Barriers to Implementation
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    Barriers to Implementation

    Management pushback: no perceived business case and concerns over cost fog discussion. Risk aversion: many businesses look to their competitors to test technologies first. Lack of vision: 75% of respondents claim their organization keeps abreast of trends, but later questions belie this—many businesses have neither the skills to identify opportunities nor to implement and manage the technologies.
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    Expectations for the Cloud
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    Expectations for the Cloud

    One-third of respondents believe key tech advances will be implemented in their industry within the next 12 months, including cloud-based solutions. Contrary to analysts' predictions, 34% think it will happen within the next five years.
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    Expectations for the IoT
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    Expectations for the IoT

    90% of respondents say the IoT is more than a year away from providing a solution for their industry. 52% say IoT will be implemented in their industry within the next five years.
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    Expectations for Big Data , 3-D Printing, AI and VR
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    Expectations for Big Data , 3-D Printing, AI and VR

    46% of respondents say big data will be implemented in their industry within the next five years. 19% say they do not think 3-D printing will ever be ready for use. 15% say the same for AI and virtual reality.
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    The Skills Gap: IoT
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    The Skills Gap: IoT

    Only three in 10 respondents have implemented the IoT. 80% say they have neither skills to implement these technologies nor to keep up-to-date with them.
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    The Skills Gap: Wearables
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    The Skills Gap: Wearables

    Besides lack of skills, costs and staff privacy impede wearable implementation. 75% of respondents do not have the skills to implement wearables and 76% don't have the skills to keep up with the trend.
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    The Skills Gap: Big Data
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    The Skills Gap: Big Data

    90% of decision-makers say big data is relevant to their industry. 66% say they don't have the skills to implement big data.
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    Skills Gap: AI/Robotics
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    Skills Gap: AI/Robotics

    79% of respondents say they don't have the skills to identify opportunities this technology offers. 80% say they do not have the skills to implement or keep up-to-date with such trends.
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    Conclusion
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    Conclusion

    The report concludes that third-party partnerships are essential to avoid being left behind and to instead grasp the full potential of technological advancements.
 

A lack of skills and understanding is delaying the implementation of the IoT, big data and other new technological trends, according to a new study. "Trends vs Technologies," a research report from Capita Technology Solutions in partnership with Cisco, reveals "a strong disconnect" between businesses' ability to realize nine key trends and workers' skills to implement them. The nine technological trends are: the IoT, wearables, big data, AI and robotics, cloud-based solutions, 3-D printers, VR, and the digital workplace. The report also identifies barriers to implementation. The top ones: perceived security risk, data governance, adapting legacy IT systems. "More needs to be done to support businesses and help them close what is a substantial skills gap," said Adam Jarvis, managing director of Capita Technology Solutions. "Without the necessary skills and infrastructure needed to implement trends such as IoT and big data, businesses across the board will suffer long-term competitive disadvantage." 125 IT decision-makers participated in an online survey of the legal, finance, insurance and manufacturing industries. 12 in-depth follow-up interviews were conducted.

 
 
 
 
 
Karen A. Frenkel writes about technology and innovation and lives in New York City.

 
 
 
 
 
 

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