IDC Skills forward: Staying competitive amid the worsening IT talent shortage

Learn how to attract, train, and retain the best IT talent—and keep your business competitive.

The IT skills shortage is escalating, and global enterprises everywhere are feeling the impact. Did you know that this year two-thirds of businesses saw declining revenue, quality, and competitiveness, with some reporting up to 20% revenue loss as a result of the skills shortage? Compound that with the evolving nature of work—especially the rise of hybrid work environments—and the need for new strategies for training and retaining talent becomes more pressing than ever. 

In this brief from IDC, we dive into the widening IT skills gap and offer actionable insights to keep your organization competitive.

Key takeaways:

  • IDC predicts that by 2025, 90% of organizations will face severe impacts from the IT skills shortage, with up to $6.5 trillion in losses.

  • Artificial intelligence and machine learning roles are among the hardest to fill.

  • A robust IT skilling initiative can boost innovation and productivity.

  • Despite current market conditions, skill enhancements are projected to be the most enduring investment for organizations.

  • Organizations that neglect skilling initiatives face delays, quality issues, and revenue losses.

Don't let your enterprise fall behind. Learn how to navigate the IT skills crisis and stay ahead of the competition. Access the full report now!