Artificial intelligence is causing the most significant tech skills shortage in over 15 years, according to a new report by Nash Squared/Harvey Nash. The Digital Leadership Report reveals a drastic rise in demand for AI skills, with almost 51% of technology leaders reporting a shortage, a substantial increase from 28% in the previous year.
Key Points
- AI has surged from the 6th to the 1st position in tech skills scarcity within 18 months.
- 51% of tech leaders now report an AI skills shortage, reflecting an 82% increase.
- 90% of tech leaders are investing in AI, yet 67% haven’t seen measurable ROI from their pilots.
- Larger organisations with hefty tech budgets show better ROI from AI than smaller firms.
- While AI is driving growth and changing hiring needs, over half of companies are not upskilling their workforce in GenAI.
- Demand for cyber skills is also on the rise, with a reported increase of 22% in response to escalating cyber-attacks.
- DEI efforts continue despite stagnant progress in gender parity within tech teams.
Why should I read this?
If you’re curious about the intersection of AI and the job market, this article delivers critical insights. Understanding the emerging skills gap created by AI is key for anyone in tech or hiring. This isn’t just another report; it’s a wake-up call for HR leaders to adapt their strategies to succeed in a world increasingly defined by AI capabilities. Don’t miss out on how this impacts your future hires and organisational structure!