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Classified in: Science and technology, Business, Covid-19 virus
Subject: SVY

SHORTAGES IN JOB-READY DIGITAL TALENT ARE STALLING ENTERPRISE INNOVATION


MOUNTAIN VIEW, Calif., Jan. 25, 2022 /PRNewswire/ -- Digital talent transformation platform Udacity, together with leading independent market research company Ipsos, today announced the findings of the Talent Transformation Global Impact Report survey. More than 2,000 managers, and more than 4,000 employees were surveyed across the US, UK, France, and Germany. The findings reveal that digital transformation is stalling due to lack of job-ready digital talent, and enterprises don't have a way to access the talent they need to deliver on digital initiatives because hiring is difficult and retention is low. In addition, the global COVID-19 pandemic has exacerbated these challenges as the need for skilled employees has only increased in order to prevent business disruption and keep pace with technical innovation.

"The talent shortage has reached a crisis pitch," said Gabe Dalporto, CEO, Udacity. "If companies do not invest in talent transformation, they are destined to fail. The lack of job-ready digital talent has become an existential threat to businesses around the world."

The study revealed that:

Among employers who offer learning and development programs, the majority (80%) classify them as at least moderately successful. On the other hand, among employees with access to these learning and development opportunities, less than half say they are satisfied with the programs (45%)

"Employees and employers are in agreement that companies have a responsibility to invest in the future of their employees," said Christopher Moessner, Senior Vice President at Ipsos. "This research executed by Ipsos is a wake-up call for enterprises to invest in talent transformation or risk falling behind. It's a win-win for employees who desire the most in-demand tech roles and for employers who are not able to hire the right people to meet current and future demand."

Methodology

Udacity partnered with Ipsos to conduct two online surveys between August 29 ? September 26, 2021. The two surveys were defined as:

To access the full report visit: Talent Transformation Global Impact Report.

About Udacity
Udacity changes lives, businesses, and nations through radical talent transformation in digital technologies. Udacity's global, online talent transformation platform focuses on in-demand digital technologies, mentor support, and project-based learning taught by industry experts. Programs include real world content for job-ready competencies in artificial intelligence, machine learning, data science, autonomous systems, cloud computing, among other disciplines. Udacity has more than 100 enterprise customers including Airbus, Bertelsmann, BNP Paribas, Leidos, Mazda, and the United States Air Force. Udacity collaborates with more than 200 global industry partners including Google, Facebook, Mercedes-Benz, and NVIDIA to power technical education. Headquartered in Mountain View, Calif., the private company has operations in the United Kingdom, Egypt, Germany, India, and the United Arab Emirates. Udacity has raised $163 million in funding to date from investors including Bertelsmann, Andreessen Horowitz, Charles River Ventures, and Drive Capital. For more information, please visit www.udacity.com.

SOURCE Udacity


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