Data Innovation: shortage of specialist skills and competencies to ask the right questions and spot the opportunities

Excellent summary in report from CBI and Nexus University of Leeds: “Changing nature of R&D: building an innovation ecosystem for the data age”.

“A significant constraint facing firms looking to grow their analytics
capabilities is their ability to acquire the right talent. After identifying what talent and skills are needed, businesses are then finding
that these skills are in short supply.”

“With demand outstripping supply, individual businesses are faced with the challenge of how to attract highly sought-after talent. In many cases, although the skills being sought after are highly specialised, often they are sector agnostic. As a result, firms across sectors are fishing in the same pool for talent.”

“In a competitive market where analytics skills can command high salaries, companies struggle to compete with the world’s leading digital companies. Companies whose brands aren’t known for providing exciting opportunities for employees to use their data and analytical skills find it hard to reach their target audience. ”

Speak with us at Algospark to discuss how we can help fast track your innovation initiatives using applied analytics and artificial intelligence solutions.