Is the problem of the skills gap in the IT industry solvable?

The tech sector, like many industries, suffers from a pronounced and protracted skills shortage. There is not only a lack of qualified candidates, but training new recruits is costly and time-consuming, resulting in a squeeze on available talent. To make matters worse, we also witnessed the “big quit” phenomenon, when the Covid-19 pandemic prompted significant numbers of people to rethink their careers.

Whether people are looking for a new challenge, starting their own business, retiring early, or simply looking to minimize burnout and stress, the consequences of leaving tens of thousands of skilled and experienced workers can be severe. When combined with the current shortage of suitable candidates, it becomes particularly worrisome.

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Companies face the dual threat of a shortage of new talent and the problem of valuable former employees moving to greener pastures. These employees often represent the knowledge, cultural values ​​and experience of the company, which are difficult to replace and take time to imbibe in new workers.

To complicate matters further, this growing skills shortage comes at a time when business leaders are pushing for digital transformation programs. These strategies require the right skills to be implemented successfully. However, at the same time, by deploying powerful cloud, IoT, and API ecosystems, organizations can accelerate their automation and reduce the need for specialized in-house skills.

Adopt APIs

Recruiting the best people at the right time takes time, effort and, more often than not, a substantial financial investment. However, what if we had other options than hiring? Is it possible for companies to develop new technology-driven initiatives to compensate for the lack of suitable talent?

Faced with a shortage of available employees and UK unemployment figures at record highs, businesses need to start thinking and innovating from an IT perspective. Consider APIs, which act as the glue that ties applications, services, and operating systems together by providing developers with a set of interoperable functions and processes.

In concrete terms, APIs are an intermediary between different software platforms, allowing

disparate applications to interconnect, share data and functionality. How does this help close the skills gap? APIs can be more easily used by non-technical employees across teams, companies, customers, and partners, reducing the need for internal technical staff. In many cases, they work plug-and-play “out-of-the-box”, so you won’t need someone to do the heavy technical work.

This is a great opportunity to take up the challenge of the “Great Resignation”, while anticipating the demands of tomorrow’s market.

Transition to the digital age

According to a recent study by McKinsey & Co., there is a trillion-dollar opportunity in more advanced and newer technologies, such as blockchain, machine learning, AI, and augmented reality. At the same time, adoption of cloud platforms, software as a service, and API-enabled EDI and B2B integration solutions has exploded.

As companies strengthen their plans to migrate operations to these technologies, they benefit from lower costs, more transparent data, improved productivity and a more modern B2B ecosystem. Collectively, these new technologies also help companies close their skills gap by eliminating complexity and retain existing talent by providing the best tools on the market. However, it’s important to keep in mind that these transitions take time, so businesses may need to partner with specialists who can effectively support their current operations.

The power of B2B integration

As more and more organizations, customers, partners, and suppliers migrate to the cloud, the possibility and potential of B2B integration becomes more pronounced. Simply put, B2B integration is the ability to connect a business to multiple stakeholders, be they suppliers, regulators, customers or financial service providers, and communicate seamlessly. and safe with everyone.

There is, however, a bewildering array of options, platforms, and services to help businesses digitally integrate their B2B processes. If you are considering starting this journey, here are some critical factors to consider:

  • B2B integration must support traditional EDI flows while meeting API-driven customer demands in today’s digital economy.
  • Existing systems should work in tandem with the “Integration as a Service” model.
  • Cloud-based B2B integration should reduce costs by up to 40%, or you’re probably wrong.

To ensure these critical factors are met, companies are increasingly outsourcing their B2B onboarding services to partners who can provide end-to-end onboarding services combined with the required expertise and experience. to perform the migration efficiently.

A well-balanced mix of API and EDI integrations will support and enhance your data flow. Additionally, EDI and API-managed cloud processes will facilitate better business agility, while migrating to the cloud will reduce EDI risk and enable significantly increased scalability. And ultimately, faced with the lack of talented recruits, these technologies will relieve the need for internal skills and mitigate the effects of the “Great Resignation”.

Image credit: wan wei/Shutterstock

Emmanuel Méthivier, director of the business program, Axway

Norma A. Roth