by Phillip Sears | 9 Feb 2018
A recent report published by the Digital Skills forum highlights the shortage of IT professionals in New Zealand and abroad.
Modern technologies are advancing at an increasingly fast paced rate and are simultaneously being implemented into the workplace. The advanced skills required to effectively implement, administer and interact with this technology are in short supply.
The report, referencing data from 2016, shows that there were 120,350 people employed in the Technology sector with 14,000 new jobs created in the same year alone. This compares with an approximate 5,000 students graduating from computer science and IT studies in the same year.
Worldwide, the UK Government has estimated that the skills gap is hurting their economy to the tune of £63 billion in lost GDP every year. The EU is projecting a shortfall of 500,000 IT workers by 2020 while the United States anticipate a gap of 1 million jobs in the next 10 years. Canada are projecting the creation of 218,000 tech jobs by 2020 and Australia an additional 81,000 jobs by 2022, although both countries face the same supply issues as the rest of the world.
Demand is fast outpacing supply, and this is good news for those considering a career in the sector. The median salary for IT workers in New Zealand currently stands at $90,000, up 10% from $82,000 in June 2017. The same remuneration trends apply in the global market and as digital skills are easily transferable IT workers can have the luxury of utilising their skills anywhere in the world.
Aside from these factors, it’s an exciting area to be in as technology becomes more disruptive and new opportunities are created, transforming the way we all live. Artificial Intelligence, 3D Printing, Internet of Things, AR/VR, Blockchain & Cryptocurrencies are areas that have enormous potential for growth and are in their infancy.
Given these trends, it’s likely that IT professionals could turn out to have the most valued skillsets in the global economy in the near future. For anyone considering a career in this sector, there’s no better time to start the journey.
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