Cloud Computing is one of the fastest growing industries within IT. A report compiled by Forrester Research states that the global market for cloud computing will increase from $40.7 billion US spent in 2011 to $241 billion in 2020. IDC Canada says that the Canadian market will expand from $482 million to $1.39 billion in 2016.
And the Gartner Group, according to the IBM study, estimates “that ‘big data’, a field that incorporates both cloud computing and business analytics, will require 4.4 million employees by 2015, but due to a shortage in the skills required to work in that area of IT, only 1.5 million workers will be sufficiently prepared.”
What needs to be done to ward off this shortage? According to IBM, a rebalancing of IT skills needs to happen along with a readjustment in education in order for the Canadian workforce to fulfill these future needs. There are jobs available just not the skill set to fill them. The Canadian federal government recently announced that it is planning to admit between 53,000 and 55,000 new immigrants presumably with the appropriate skills which may offset some future demands. Another option is to retrain Canada’s unemployed. Only about 16% of these individuals have the necessary skills to meet future IT demands.
A combination of strategies, including these just mentioned, will be required to make a dent in the impending skills shortage. Without a significant change in the IT industry within the next few years, organizations may find themselves unable to fully move in new directions (i.e., Cloud Computing) required to sustain or expand their business.
By Irene Galan
Account Executive, Services Division