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Technology Advances Create a Talent Gap

Paul Korzeniowski's picture
B2B Content producer Self-employed

Paul is a seasoned (basically old) freelance B2B content producer. Through the years, he has written more than 10,000 items (blogs, news stories, white papers, case studies, press releases and...

  • Member since 2011
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  • Oct 19, 2021
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There is no doubt that the recent pace of technology change has accelerated. The pandemic forced many utilities to adopt digital technology in order to support new organizational models, like working at home. Those changes resulted in a talent shortage, according to Gartner Inc..

Illustrating the sudden and dramatic change, the talent shortage was listed as the most significant adoption barrier (by 64% of managers in 2021) to emerging technologies, compared to just 4% in 2020. Talent availability was cited as a leading factor inhibiting adoption in all six of the survey’s technology domains: compute infrastructure and platform services, network, security, digital workplace, IT automation and storage and database.

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Technology Spending Rises

Compounding the problem, energy companies are investing more and expecting more from technology. More than half (58%) of respondents reported either an increase or a planned bump to their technology investments in 2021, compared with 29% in 2020. Furthermore, they expected the new deployments to be adopted quickly, within six to 18 months.

Energy companies are trying to leverage technology to maximize employee productivity. However, they lack employees with the appropriate skill sets. As a result, talent adoption was the top concern (75%) in deploying IT automation technology.

Technology has been advancing at a rapid pace, offering utilities the ability to retool their organization. But the pace of change has been coming faster than their ability to absorb it. As a result, they lack the staff needed to implement the new solutions.

 

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