Digital Skills: The time for talking is over. The time for action is now
Take a look at the following forecast stats:
According to Zenith Optimedia Mobile advertising is forecast to be 37% of overall growth in global ad expenditure this year.Â
Paid search is forecast to grow at an average rate of 15% a year to 2015, driven by continued innovation from search engines.
"We forecast internet advertising to overtake newspapers for the first time in 2013, and then exceed the combined total of newspaper and magazine advertising in 2015." Zenith Optimedia.
UK Internet traffic is predicted to rise by an average of 37 per cent every year between 2010 and 2015 according to a 2012 report by A.T. Kearney.
Between 15% and 20% of the book reading public will own electronic devices and up to 25% of books will be sold in digital form by 2015, according to a French study by Patrick BĂŠhar and Laurent Colombani.
Boston Consulting Group predict mobile digital services will generate $1tr globally in 2015, with ecommerce worth over $540bn and advertising taking more than $100bnÂ
Phil Torrone predicts the open source market will grow to over $1billion by 2015.Â
Totally amazing right? We are in a digital world and things are going to be available quicker and faster; purchased and consumed in ways that today might seem almost absurd â I even bet Google Glass doesnât feel that weird to you anymore but it did when we read the first press releases on it.
Well Iâm sorry, but stop being so excited. This glowing reference for the growth and opportunity digital technology and digital media are heralding is potentially doomed by one fundamental thing education, business and even governments have overlooked: Do we have the skills to lead, build, develop, implement that the opportunity of this digital world affords us? The simple answer is no.Â
When the numbers stack up so well why is this skills gap still so apparent? Perhaps change has happened too quickly for us to really cope. Letâs take a look at the business landscape:
The new digital business landscape
The business landscape is changing because of digital:
1)   Access to data across the business has grown exponentially. Getting meaning out of that data needs skills across the whole company. Mobile and social have become pervasive across businesses with skill and understanding becoming a pre-requisite for increasing amounts of employees regardless of department.
2)Â Â Â IT is not just IT anymore â those skills are needed in other parts of the business, in particular in marketing.
3)   The breadth and adoption of expertise within the IT department is also being affected. Multiple disciplines are more important than ever. The lifecycle of IT is reducing by the year. Gone are the days when a technology would be released, people would learn about it and all is good for a few years. Today the pace of learning to keep up to date with new technologies is unprecedented.
Digital Skills Gap at Large
Digital is the fastest growing economy. It is forcing businesses to rethink everything from structure, to strategy from product to competitor. The gap between business need and skill to implement is of great concern. However, there is another gap growing and that is within the education sector and the nurturing and inclusion of digital skills within the curriculum as early as primary. According to OnePoll up to 80% of Britons feel they have inadequate digital skills and knowledge.  Without addressing this enormous statistic things will only get worse.Â
Thankfully, change is on the horizon with government and private enterprise pushing this agenda out as far and wide as possible, www.go-on.co.uk is a great initiative dedicated to up-skilling digital across the country from individual to business.
You might read the stats above and wonder why, but research released last month by MIT Sloan and Cap Gemini show the lack of commitment and vision for digital at a senior level; Martha Lane Fox, UKâs Digital Champion says across the UK as a whole, 16 million people lack basic digital skills, while 7.1 million are not yet online. Go-on.co.uk aims to reduce the digital skills gap and deliver a 25 percent reduction in the number of digitally illiterate people. Furthermore, the growing convergence between marketing and technology is only going to exacerbate this.
Back to business, what is the impact of this skills gap? Well here are a few more stats:
The Size of the Digital Skills Gap
According to Gap Gemini, the shortage of digital skills in the current marketplace is unprecedented. Â It is estimated that over 4.4 million IT jobs will be created around Big Data by 2015
The Digital Talent Gap. Developing Skills for Todayâs Digital Organizations
Research with the MIT Center for Digital Business has revealed that 77% of companies considered missing digital skills as the key hurdle to their digital transformation
On average Digirati are 26% more profitable than their industry competitors
The Association of Professional Staffing Companies (APSCo)
Permanent placements of marketing roles has dropped by 21% but openings have increased by 2%
Just 20% of the British workforce believe they have the right digital skills
The UK's technology trade association Intellect
Approximately 100,000 people are needed to enter the digital sector each year.
What can you do to help bridge the skills gap
Weâve talked about the compelling growth opportunity; weâve talked about the concerning skills gap. But when you really want to dig down deep and address this as a CEO or business leader or even team manager the âhow toâ articles or whitepapers seem to fade into dust.
So here you are, an employer. You get the picture but you want to know what to do about it. Well here are our thoughts to help you transform digital (rather than digitally transform)âŚthat comes later. Because to go through digital transformation you must first transform your current digital beliefs, activities etcâŚ
So, these are just a few things you should consider just to start addressing the situation â even before any big HR strategies are put in place:Â
1)Â Â Â Address your current teams â their skills their competencies
2)Â Â Â Start to think about temporary resource to deliver results
3)   Look to your internal systems and processes and seek out ways to get your people talking to each other, to you, and vice versa. Is there a blog that could be opened up to teams and the company as a whole? Do you have a social network where people can share ideas and create?
4)   Encourage innovation in a way that is real and committed â there is a big wave of âunâ ways to do things: Un-conferences, Un-meetings, (in a recent catch up with Mark Foden of Foden Grealy, he spoke about the benefits of un-conferences). Even in meetings, lose the pre-arranged agenda and get people to set them at the top of the meeting. Iâm not saying ditch agendas completely, Iâm just saying give the attendees the voice to set the agenda themselves â youâll learn very quickly who has the concern, who has the passion, who has the belief and who indeed might have the skill to push forward what needs to be done.
5)Â Â Â At the recruitment phase you can also consider the following;
Ensure there is personal ownership of learning and development written into job descriptions â make this part of the interview processâŚpersonal ownership of learning and development are very important indeed.
Supported and committed â Yeah I know we live in a world where there is little enough time to chat with colleagues let alone devote an hour or two to personal learning â but to be honest, this is just a habit that needs to be inserted into the daily, weekly routine. The only reason people donât do it is because bosses and line managers have placed little value on learning when there is client work to be done, but frankly if it were the other way round I reckon there would be client work done, but more effectively and probably with a higher outcome and result.
Think really hard about more formal training. Yes, when it comes to key skills and those requiring accreditation itâs a must â but there are those courses out there which have taken a more blended approach or indeed offer a boot camp option where you learn within 5 days for example rather than over a 6 â 12 month period⌠and letâs not forget, if you commit to a course which is 12 â 24 months in duration what exactly are you getting at the end of it? How much do you think the world will have changed in that time â arguably leaving you with nothing other than a colourful addition to your trophy cabinet.
We all have a responsibility:Â
Foremost as leaders we have a commitment to allow learning and drive the importance of it â in all its forms - throughout the organisation and leadership team.Â
Ownership of your own personal learning is second.Â
Third, in days of old (like 5 years ago!) pride in the letters after your name and the personal need to keep your knowledge almost secret, was how many people hung onto status. Â In a digitally social world it just doesnât work anymore.Â
Sharing and openness is key. The modern day business model has been totally shaken up we talk now about digital business models and social business models.  Isn't it only right we rethink our traditional learning and development methods and ideas too? Those who are redefining business and learning are those who are on a winning path.
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Sources: Â MIT Sloan, Cap Gemini, Go-on.co.uk, One Poll, APSCo, Intellect, Zenith Optimedia, Boston Consulting Group