Will lack of skills doom the App Economy?

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Will lack of skills doom the app economy?

Transcript of Will lack of skills doom the App Economy?

Page 1: Will lack of skills doom the App Economy?

Will lack of skills doom

the app economy?

Page 2: Will lack of skills doom the App Economy?

In March 2015, CA Technologies commissioned Oxford

Economics to conduct a global survey of senior business

and technology executives about application strategy

and its impact on business outcomes.

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Today, a looming skills shortage

trumps all other trends

37%

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Which global trends do you expect to have the greatest

impact on your company over the

next 3 years?

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57%of survey respondents say becoming more software-driven will have an impact on hiring strategy in 3 years

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The top 4 critical skills in the app economy

Data scienceCollaboration

DevOps APIs

The ability to mine data for actionable insights

Working effectively with others, inside and outside the company

Collaborative, iterative development experience Expertise in modern app

development tools and processes

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Companies are investing in software talent

49% are bringing more software development back in house

47% have used or are planning to use M&A to increase their app-development capabilities

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But finding these skills is no easy task…

Which skills are most difficult to acquire?

54%

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…and the talent crunch can have serious repercussions

42%say lack of knowledge and/or skills

presents a major obstacle to responding effectively in the app

economy

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Businesses are taking innovative approaches to recruitment and training…

44%

Established technology

centers in talent-rich geographic

regions

40%

Acquired companies to

gain tech talent

40%

Brought IT functions in-

house

35%

Changed culture to compete with

tech firms

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…and are increasingly focused on driving cultural change

Changes implemented to become more effective in the application economy

58%Process improvements

56%More collaboration

across business units

41%More strategies for

dealing with complexity

35%Redistribution of power across lines of business

34%New leadership

roles

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Governments can help companies find the talent they need

Which are the most

important actions for

governments to take to help

companies find the talent

they need?

52%Technical/

STEM training

programs

48%Cybersecurity

training and

incentives

41%Educational

reform

Page 12: Will lack of skills doom the App Economy?

78%expect their shift to becoming a software-driven enterprise will drive competitive advantage…

…but the shift is impossible without the right skills in place.

Companies that find the people they need have a greater chance of

success in the app economy.

Page 13: Will lack of skills doom the App Economy?

For more on the quest for

talent in the app

economy, download the

full research report,

“The Battle For

Competitive Advantage In

The Application

Economy.”

Copyright © 2015 CA. All rights reserved. This document is for your informational use only and does not form any type of warranty. The information provided regarding customer examples and survey information are based on the customer’s specific use and experience, so results may vary. All trademarks, trade names, service marks and logos referenced herein belong to their respective companies.

All data and quotes are from the Global Application Economy study, Oxford Economics and CA Technologies, June 2015