Solving a Crisis: The Scarcity of Global Tech Talent
Updated: May 28, 2022
The shortage of tech talent businesses is facing isn't only about developers and data scientists: companies are struggling to hire workers across the IT sector, ranging from computing infrastructure to security. According to a new report from analyst Gartner, businesses think that talent shortage is the biggest barrier to the adoption of 64% of new technologies. This means that in most cases, IT leaders who want to deploy a new tool to boost business outcomes anticipate that the lack of suitable workers to implement the technology will be problematic at some point.
Talent availability even overtook implementation costs or security risks as a top barrier to deploying new technology. The issue is particularly prevalent when it comes to adopting IT automation technologies: in 75% of cases, leaders cited talent availability as the main risk factor. But a similar picture comes out across compute infrastructure, platform services, network, security, digital workplace, and storage and database.
The Advent of Innovative Models to Solve the Issue
The COVID-19 pandemic has forced business leaders to radically re-think old ways of working, and in most cases has led to organizations kick-starting digital transformation programs. As countries introduced strict lockdown rules, for example, companies had to switch to remote working, which created a strong need for IT infrastructure that could support a fully virtual workforce. Even as the pandemic eases, businesses are now carrying over their digital transformation plans. Gartner's survey shows that 58% of IT leaders reported either an increase or a plan to increase emerging technology investment through 2022.
This has led to the emergence of new and innovative models to cater to this demand for software applications.
No-code application development: No-code development platforms allow programmers and non-programmers to create application software through graphical user interfaces and configuration instead of traditional computer programming.
The rise and rise of no-code and low-code development platforms- In 2022-23, no-code development platforms would continue to take the center stage in the application development industry with companies joining the bandwagon and encouraging citizen developers to fast-track their digital transformation initiatives. Accelerated by the effects of the ongoing pandemic, there has been significant adoption across companies of various industries and sectors, so much so that some of the fiercest skeptics acknowledge that the no-code has perhaps matured at the right time. Recent articles and reports by Diginomika and Enterprise Talk2 go on to reinforce the impetus that the pandemic, fueled by the skeletal workforce and the acceleration of digital transformation, has provided to companies looking to adopt the no-code revolution. Another report attempts to elucidate the reasons behind the meteoric rise in the adoption of no-code platforms. The report outlines how the average enterprise stack has never been more complex and the need to build a digitally connected business has never been greater. Internal teams build disproportionate amounts of time building and maintaining internal tools and managing the compounding technical debt. Recent research shows that a whopping 72% of IT leaders' project backlogs prevent them from undertaking strategic projects, while 6 out of 10 CIOs are expecting skills shortages from allowing organizations to keep pace with time.
All these recent trends indicate why the no-code platforms have seen an exponential rise last quarter. This revolution is fast bridging the digital divide and empowering IT teams and citizen developers with the tools they need to fast-track their digital transformation journey. Understandably this trend has been compounded by the fact that the skilled technical talent is in severe shortage and companies need to look for non-conventional ways of building applications without the need for skilled developers. We have developed our own in-house No-Code application development platform QuickReach to empower business executives in companies like yourself to build applications to streamline workflows and processes and reduce manual labor.
Automated software development: With the ever-increasing acute scarcity of skilled technical talent, a new approach to building software has started to emerge. Automated software development ensures that companies can launch custom software in a matter of weeks. This is made possible by layers of automation and AI built on top of a flexible codebase that could be customized based on the client’s requirements. The results of this approach are astounding – automated software development ensures 70-90% faster time to market compared to if you were building these applications from scratch. Additionally, this approach proves to be 30% cheaper than outsourcing, ensuring your app has a lower cost for the same build quality. Finally, since all the components are expertly curated and pre-tested, you would spend less time fixing errors and bugs or stabilizing code.
What’s more? Unlike a SaaS No-Code platform, you could take ownership of the resulting intellectual property. Additionally, the client receives a well-documented and human-readable source code, ensuring that enhanced or new features can be added easily by any team. With so many advantages to building applications, one is going to see a lot more automated software development platforms in 2022 and beyond. We have also developed Xamun– our in-house platform which helps companies custom-build software applications cheaper and faster.
QuickReach & Xamun – Supercharging Application Development Without the Need for Skilled Technical Developers
The shortage of technical talent is a serious problem, more so with the pace of digital transformation picking steam. Companies with cash reserves are forced to shell out a higher budget to attract skilled technical talent. Others, reluctantly, choose to subscribe to SaaS platforms that might be closest to their internal requirements. However, their digital ecosystem, while evolving, is still a mishmash of disparate applications, Emails, and messages which help companies digitalize their operations.
There have, in recent times, however the emergence of innovative business models which have allowed companies looking to undertake digital transformation with options to build applications faster and at a fraction of the cost. This blog post has bought to light two of the more popular business models – Automated Development and No-Code Application Development platforms. Under our portfolio, we are proud to launch applications that cater to the diverse technology requirements of our clients – our No-Code application development platform QuickReach and the automated software development platform Xamun.