Tech Talent Shortages Loom Large for IT Industry

By Dennis McCafferty

Although tech and business executives express increasing confidence in the IT sector and their own companies, many see challenges ahead due to the continuing shortage in tech talent, a new survey from the Technology Councils of North America (TECNA) found. As a result, many fear a slowing down business activity in the foreseeable future. "We're in the midst of a great phase of ingenuity and innovation, and companies are poised to do even more," said Steven G. Zylstra, TECNA chairman and president and CEO of the Arizona Technology Council. "But the shortage of skilled workers poses a serious threat to their ability to reach their goals." The findings reveal other top concerns within the industry as well, such as shrinking profit margins and a lack of science, technology, engineering, and mathematics (STEM) education among young people. More than 1,560 tech and business executives in the IT industry took part in the research, which was conducted in conjunction with CompTIA. Channel Insider examines key takeaways from the study.

This article was originally published on 2014-12-10