54 per cent organisations, globally, admit losing out on competitive advantage because of lack of digital talent.
We know that the future is going to be digital, and it has already started impacting individuals and organisations. Individuals need to equip themselves with digital skills as there is a rising demand for workforces possessing digital skills in companies today.
A Digital Talent Gap research by LinkedIn and Capgemini, has analysed the key trends, changes in the digital talent gap landscape, the most in demand digital skills and roles, and some of the best practices to recruit, develop and retain digital talent.
Research has analysed the digital talent in three ways—
(i)Hard digital skills, such as data analytics.
(ii)Soft digital skills—such as comfort with ambiguity—that constitute a ‘digital-first mindset’ and are necessary for successful digital transformation.
(iii) Digital roles that have been created as a result of digital transformation activities within an organisation or the emergence of disruptive technologies.
The research found that the digital talent gap is widening. Around 64 per cent of the organisations in India cite a widening talent gap over the past few years.
Also, globally, 54 per cent of the organisations agreed that the digital talent gap is hampering their digital transformation programmes and that their organisation has lost competitive advantage because of a shortage of digital talent.
Surprisingly, on the digital talent landscape, India ranks highest in proportion of digital talent at 76 per cent, followed by Italy at 66 per cent and Spain at 65 per cent. Among industries, automotive (64 per cent) and consumer products (63 per cent) have the highest proportion of digital talent globally.
The research found that employees worry that their skills are either already redundant or soon to become so. In India, 49 per cent believe that their current skill set will be redundant in the next four to five years and 34 per cent feel that this will happen as early as the next one or two years.
Among the employees surveyed globally, 47 per cent stated digital skill development to be a key reason to switch to a new organisation.
The research found that digital talent migration is highest in India, UK and Germany. These countries have the largest supply of digital talent per 10000 total members in the country.
As per the research, for every four digital talent moving into India, 10 move out of the country. US (47 per cent), UK (14 per cent), UAE (six per cent) are the top countries from where digital talent is migrating to India. Moreover, US (50 per cent), Australia (eight per cent) and UK (eight per cent) are the top three countries to which talent from India is moving.