Deepsundar (Deep) Chowdhury (Parijat)'s Linkedin Analytics

Problem Scenario Operational Impacts and Business Losses: The IDC report indicates that the ongoing talent shortage in technology could result in a staggering $5.5 trillion loss for businesses, driven by several key factors: - Delayed Product Launches: Organizations miss vital market opportunities due to prolonged development cycles. - Impaired Competitiveness: Companies fall behind competitors who effectively leverage advanced technologies. - Overall Inefficiencies: Increased workloads lead to employee burnout and higher turnover rates, exacerbating the talent shortage. Unrealized Revenue Opportunities: Korn Ferry projects that the tech talent deficit may lead to approximately $8.5 trillion in unrealized revenues by 2030, primarily due to: - Missed Growth Potential: A lack of skilled workers prevents companies from pursuing new projects and expanding operations. - Failure to Innovate: Insufficient talent stifles innovation and hinders the adoption of crucial technologies like AI and blockchain. A Vicious Cycle: The combined effects of tech talent shortages create a vicious cycle, as highlighted by 81% of organizations struggling to find skilled tech workers (EY). This results in: - Ongoing Talent Gaps: Companies are unable to fill critical roles, limiting their ability to innovate. - Increased Competition for Limited Talent: The scarcity of skilled professionals drives up hiring costs and prolongs recruitment processes. - Reliance on Outdated Systems: Organizations may continue using legacy systems due to insufficient skilled personnel, leading to decreased operational efficiency. While technology evolves rapidly, AI plays a pivotal role in automating repetitive tasks and enhancing organizational efficiency and productivity. However, it also presents complex challenges that require human expertise: Complex Challenges: - Regulatory Compliance: Implementing compliance frameworks requires a nuanced understanding of laws that AI cannot fully grasp. - Crisis Management: High-stakes crises demand human judgment, emotional intelligence, and effective communication with stakeholders. - Change Management: Leading change initiatives requires empathy and interpersonal skills—qualities beyond AI’s capabilities. - Disaster Recovery Planning: Developing comprehensive disaster recovery plans involves risk assessment and regulatory compliance—tasks needing human insight. These challenges can only be effectively executed by highly qualified certified technology experts. And this is where I am currently working in creating the assets to address the above.