81% of Organisations Witnessing a Shortage of Skilled Tech Workers, Says EY and iMocha’s Report

The demand for skilled tech workers has surged in recent times, not just in the field of information and technology, but across all industries. EY and iMocha’s report reveals that 81% of companies have faced a shortage of ‘power user or developer’ tech skills, while only 19% had established a skill taxonomy.

Recent advancements in the field of technology have resulted in an unprecedented demand for skilled tech workers. This surge in demand for tech-specific skills goes beyond the field of information and technology. Various sectors are embracing high-end technologies to survive in the current digital landscape. Consequently, acquiring a skilled and talented tech expert has become as essential to banking and finance as it is to engineering and data analysis.

EY and iMocha — a leading professional services organisation and a globally renowned skill assessment platform, respectively — released a report titled “Tech skills transformation – Navigating the future of work in 2025 and beyond”. The report’s findings are based on in-depth interviews with industry leaders from various sectors, across geographies like India, the US, the UK, and the EU. The respondents were from a plethora of industries, including independent software vendors (ISVs) (16%), IT/ITeS (41%), BFSI (29%) and telecom (9%).

Source: The Economic Times

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