Digital technology is affecting every aspect of work. From delivering personalized consumer experiences to connecting the supply chain via a web of sensors, one common element drives success—access to skilled individuals who can apply their technical expertise to drive business results.
However, many of our clients are witnessing a lack of available technical talent. Today, there are more than six times as many jobs for web developers—and eight times as many for information security analysts—as there are individuals hired to fill them. By 2020, it has been estimated that there will be 1.4 million jobs for computer specialists, but that only 29 percent will be filled by newly-trained university graduates.
Why? There are a few reasons. One is that there aren't enough university graduates with the right skills. Another is that it's becoming harder to bring skilled workers from abroad—considerable uncertainty surrounds government programs that facilitate the entry of technologists into the U.S., further constraining companies' ability to meet their technical needs.
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