Yet, companies are not investing sufficiently in developing digital skills.
While most companies realize the importance of digital transformation and the digital skills gap, only 46% are investing in developing digital skills. Moreover, existing training efforts are often not well-aligned with digital strategies.
There is high demand for skills in areas like mobile, analytics and social media, but companies continue to rely heavily on traditional methods for sourcing digital talent. HR functions are also not actively involved in skills development.
To address the skills shortage, companies need to provide training, use innovative recruitment, partner with startups, and make targeted acquisitions. Programs like employee exchanges can help accelerate skills development.