CIOs need to keep pace with market innovations, customer expectations and fierce competition when it comes to AI, while ensuring they are adopting the technology responsibly and effectively, without cutting corners. This balancing act is difficult, and without the necessary skills in place, driven by competition for AI and core networking talent, CIOs should look to outsource crucial expertise and partner with the right technology providers that can offer the local expertise and growth initiatives that work for them.
With a significant 37% of firms in the UK struggling to retain AI, automation, and data talent, organizations find it challenging to execute their AI objectives effectively. This competitive landscape necessitates that firms not only maintain their current talent but also navigate a tightly packed recruiting field, often leaving them relying on the same limited pool of candidates.
The sector is experiencing a widespread skills shortage, with recent research indicated that almost half of European IT workers feel there is a substantial lack of AI skills in the workforce, impacting businesses significantly as they try to harness the potential of AI technologies.
Despite widespread acknowledgment of AI's importance, 29% of CIOs noted their external technology partners lack the capabilities needed for adequate AI implementation, highlighting a critical gap in the necessary support structures that businesses need to navigate the challenges presented by AI.
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