According to a report released earlier this year by the Career Advisory Board, 89% of organizations don’t believe higher education is effective in meeting their skill needs. Over half of those organization agreed that job applicants lack the technology skills that they need to succeed. This gap is a growing trend and is creating a huge shortage of qualified applicants entering a workforce that is becoming dependent on emerging, innovative technologies. By 2020, there will be over 1 million computer jobs available, but only 400,000 computer science students.
The Technology Skills Gap Impacts All Industries
The technology skills gap isn’t isolated to skills and careers traditionally associated with technology. While you might think coding, networking, and IT, the growing skills gap has a far wider reach. Industries such as healthcare are already starting to feel the effects of the growing gap. Because the skills gap includes hard and soft technology skills, all industries will feel the effects. It’s no longer enough to know how to use a computer, you need to understand how it works, so you can maximize its efficiencies and capabilities.
Technology Skills Demand Outpaces The Number of Students
We mentioned in the beginning of this post that by 2020 there will be an estimated 1 million computing jobs with only 400,000 computer science students. However, it’s important to note that those 1 million computer jobs don’t necessarily account for all of the positions across other fields that require specific technology knowledge. In a survey of IT and business executives, the surveyed executives identified the following concerns in relation to the technology skills gap:
- 52% said the skills gap hurts staff productivity
- 33% said the skills gap results in lower profitability
- 74% said technology should play a primary role in reaching business objectives
The Difficulty of Keeping Up With Evolving Technologies
One of the largest challenges in closing the technology skills gap is maintaining an educational pace with emerging and evolving technologies. For starters, higher education programs are not equipped to continuously update curriculum to maintain the same pace as technology evolution and innovation. It takes serious time, effort, and skill to update curriculum. Universities and colleges cannot afford to update curriculum on a semester by semester or even year by year basis. The other challenge in keeping up with technology is the current workforce. For employed workers, it’s difficult to keep up with the technology and, for the most part, this challenge rests on their shoulders. Taking time out their busy lives and schedules is taxing and learning a new technology skill takes a high level of dedication.
Closing the Technology Skills Gap
Technologies evolve and will continue to evolve as innovation has a higher and higher emphasis in the workplace. Closing the growing technology skills gap is a real challenge, but it’s one that Eleven Fifty Academy is taking head-on. In collaboration with our Industry Advisory Board, we’re constantly developing new curriculum. Beyond that, we place a specific focus on helping students develop soft skills that are applicable to multiple career fields across numerous industries. By offering immersive programs for new coders, enthusiastic programmers, and anyone looking to learn a new tech skill, we’re closing the gap.
Are you ready to help us on our mission to close the growing technology skills gap? We’d love to hear from you! Contact us today to start changing the future.