Published on June 12, 2024, 8:29 pm

C-suites are placing high expectations on IT for 2024, with increased investments aimed at realizing their technological ambitions. In the “State of the CIO Study 2024” by Foundry, over half (54%) of the surveyed CIOs are looking at a growth in their budgets this year, while only 11% anticipate a decrease. Top tech initiatives expected to drive these augmented investments include security and risk management (45%), artificial intelligence (AI) and machine learning (44%), as well as business process and IT automation (44).

Despite the boost in financial resources, CIOs foresee significant challenges ahead in achieving their objectives due to a scarcity of individuals possessing the necessary skills. The study highlighted that cybersecurity (42%), AI and machine learning (39%), and data science and analytics (32%) are among the most sought-after skill sets.

To bridge this skills gap and cultivate a tech workforce for the future, technology leaders can adopt some proactive measures. One strategy advised in Robert Half’s report “Building Future-Forward Tech Teams” is to recruit high-potential professionals keen on learning rather than waiting for candidates with all prerequisites. Another suggestion is to establish a flexible talent model involving a blend of contract professionals and internal staff to meet immediate project needs while fostering long-term capabilities.

For organizations seeking innovation, creating a continuous learning environment is crucial. Despite the significant IT skills gap challenge, employing these strategies can aid in addressing it effectively. Partnering with established entities like Robert Half can further facilitate this process by offering access to contract talent, permanent staffing solutions, and executive search services tailored to each company’s unique requirements for sustainable success in an ever-evolving digital landscape.


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