Articles about skills shortage

Tech graduates lack the skills employers need

Despite recent downward pressures on recruitment stemming from fears of what might lie ahead for global economies, huge numbers of tech vacancies remain open across the globe. In the US, tech vacancies to July 2022 were up 49 percent compared to last year, while a ten-year high of 870,000 tech and digital job vacancies in the UK was matched by a steady growth in tech job opportunities in continental Europe.

With employer demand for tech talent still at healthy levels, many of these vacancies can be described as 'hard to fill' with employers reporting difficulty in finding suitable candidates. So what is stopping employers from finding suitable candidates for their jobs? The key here is suitable candidates.

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Organizations falling short in addressing security risks

Risk dial

According to 90 percent of IT security leaders their organizations are falling short in addressing cybersecurity risks.

Research from Foundry finds that this perception comes from a number of issues including convincing all or parts of their organization of the severity of risk (27 percent), and believing their organization isn’t investing enough resources to address risks (26 percent).

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Talent shortages are shaping tech investment

talent

Almost three quarters (73 percent) of senior IT leaders agree that acquiring IT talent has never been harder and 98 percent say attracting IT talent influences their organization's technology investment choices.

The research from MuleSoft also shows that 86 percent of senior IT leaders now say the experience an organization provides its employees and customers is as important as its products and services.

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Enterprises lose millions by not fully exploiting their IT

Burning money

Failure to make the most of their technology investments could be costing large enterprises almost $100m a year according to a new study.

The report from user experience company WalkMe shows enterprises struggle to give employees the ability to use digital tools as they are intended and to their fullest extent.

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Addressing the cybersecurity talent shortage [Q&A]

talent

Cyber threats are growing in volume and sophistication, but efforts to combat them are being hampered by a shortage of cybersecurity skills.

One way of meeting that shortage is to look at upskilling and retraining within the current workforce. We spoke to Apratim Purakayastha, chief technology officer at Skillsoft, to find out more about how using innovative learning solutions can deliver the skills businesses need.

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UK IT leaders struggling to keep up with AI due to talent shortage

Artificial intelligence

The ongoing skills shortage is causing problems for IT leaders when it comes to implementing AI. New research from SambaNova Systems finds that for 80 percent of UK IT leaders, it's a challenge to keep up with the speed of model and data growth.

The top challenges when deploying enterprise AI include, finding or customising models and algorithms at 67 percent, setting up infrastructure (43 percent) and preparing data (38 percent).

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Unlocking the hidden resources that could solve the cyber skills crisis [Q&A]

home working

There was already a shortage of cyber skills before the COVID-19 pandemic hit, and since then we've had a perfect storm of home working and the Great Resignation to make things worse still.

But is there an unexploited resource out there that could help fill the skills gap? Sonny Sandelius, assistant director of workforce programs at cyber security training skills company SANS believes there could be in the form of an army of the hobbyists and DIYers.

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Enterprises continue to back digital transformation

Digital transformation

A new global study reveals that 79 percent of enterprises have made significant, transformative or even revolutionary improvements to the end user experience through digital transformation over the past year.

The research by Couchbase shows a positive outlook too, with enterprises planning to increase their investment in digital transformation by 46 percent over the next 12 months.

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Fintech sector will struggle with global talent shortage

Fintech

The first quarter of this year has seen a massive 182 percent growth in tech roles within fintech, three times the pace of general market.

Figures from recruitment firm Robert Walters show that one in three new hires within fintech companies around the globe are software engineers and developers. Also the top eight fintech 'mega-hubs' account for over 90 percent of all new fintech jobs advertised around the globe.

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Risks introduced by the fission between security and ITSM -- and how to remediate them [Q&A]

Every day, there seems to be a new headline about the latest ransomware threat, supply chain attack or malware strain.

And, while these are very real risks that organizations need to take seriously, an equally important security issue, albeit a much less publicized one, is the divide between security teams and professionals responsible for IT service management (ITSM).

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Developer burnout on the rise as companies struggle to retain talent

Increased workloads and digital transformation pressures are creating developer stress according to a new study from MuleSoft.

The top three causes contributing to developer burnout are increasing workload/demand from other teams (39 percent), pressures of digital transformation (37 percent), and learning skills to adapt to new technologies and approaches (35 percent).

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Cyberattacks increase as security talent remains scarce

Cyber attack

A new survey of more than 1,200 security leaders reveals they've seen an increase in cyberattacks while their teams are facing widening talent gaps.

According to the latest State of Security report from Splunk 65 percent of respondents say they have seen an increase in attempted cyberattacks. In addition, many have been directly impacted by data breaches and costly ransomware attacks, which have left security teams exhausted.

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Half of cybersecurity professionals consider quitting due to pressure

stressed overwork pressure

New research from Vectra AI shows 94 percent of IT security leaders have felt increased pressure to keep their company safe from cyberattacks in the past year, while half say they feel burned out and ready to quit.

The survey of 200 UK IT security decision-makers finds 51 percent of respondents have experienced negative emotions such as depression, anger, or anxiety due to feeling overwhelmed by work.

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Talent shortages leave businesses more exposed to attacks

talent

Whether it's down to the Great Resignation or a lack of the correct skills, security and development teams are struggling to find and retain enough skilled staff.

A new study released today by cybersecurity company Cobalt finds that 45 percent of security respondents say their department is currently experiencing a shortage of employees.

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Two-thirds of ransomware victims paid up last year

ransomware cash

A record 71 percent of organizations were impacted by successful ransomware attacks last year, according to the 2022 Cyberthreat Defense Report (CDR) from CyberEdge Group, up from 55 percent in 2017.

Of those that fell victim, almost two-thirds (63 percent) paid the requested ransom, up from 39 percent in 2017.

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