Don’t Fret Over Talent Shortage

The world is facing an unprecedented tech talent shortage. Hong Kong, for instance, will need to hire hundreds of thousands more IT professionals in the next five years to meet the market demand. Tech talent shortage issues particularly impact small and medium-sized enterprises and digital transformation is becoming the biggest challenge for many of them.

The pandemic has accelerated digital transformation, and the way that work gets done and how organisations operate have changed dramatically. Hong Kong enterprises must speed up digital transformation to keep pace with the rest of the world and expand their footprint.

According to the study of Gartner, a technological research and consulting firm, enterprise IT spending on Cloud computing will overtake spending on traditional IT in 2025. 65.9% of spending on application software will be directed toward Cloud technologies, up from 57.7% in 2022.

Cloud computing, which helps improve efficiency and reduce cost, is at the centre of digital transformation. As Cloud technologies and applications become increasingly popular, Cloud migration is no longer a privilege for large enterprises but essential to small and medium-sized enterprises.

To address the pressing needs to digital transformation, many large enterprises are paying high salary premium to recruit top IT talents. But for small and medium-sized enterprises, investing in the best technological solutions would be more cost-effective than fighting the talent war.

Managed services serve as a good example. It is a common fallacy that outsourcing is not effective, but with the help of a professional team with industry know-how, enterprise can reduce IT management burden. By outtasking IT operation to a trusted service partner, enterprise can centralise in-house resources on business development while improving productivity. Businesses will benefit from the pricing structure of managed services as they can adjust the service plan based on changing needs to achieve cost-efficiency.

With the help of managed services, enterprises are empowered to defy the challenge of talent shortage. Contact us to learn more about managed services.

(Reference: Gartner press release published in Feb 2022)

This article was published in Headline Daily【Grow with Talent】column