Latest ONS figures have revealed that the UK government is spending more on science, engineering and technology (SET), to boost growth in the UK economy, but this is not matched with the current digital skills available.
Office for National Statistics figures have revealed that in 2014, the UK government spent £11.0 billion on science, engineering and technology (SET), an increase of four per cent, in current prices, compared to the previous year. However, in a report from the Commons Science and Technology Committee, findings have revealed that the UK is facing a digital skills crisis, with 745,000 more workers with digital skills required by 2017.
Farida Gibbs, CEO and Founder of Gibbs S3 said, “one of the most vital things investment can be used for is securing talent with the right skillsets, who are able to provide the services that are required to cater to the digital native millennial generation. There is a gap between the digital skills which are possessed by employees and those which are needed.”
Businesses leaders are being advised to focus on talent and the role it plays in their digital strategies as investment grows. It is important for them to have a well-trained workforce to push boundaries and keep up with industry competitors.
Farida added, “skills development is just as important as creativity and innovation which can be attained by scaling the workforce up and down on a ‘skills as a service’ model. A hybrid approach to their workforce solutions combining traditional requirement with project consultancy, gives businesses the desired flexibility to ensure the future competitiveness of the UK digital economy. Mitigating risk and increasing flexibility, the hybrid approach helps businesses access the best talent on the market.”