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A lack of skills and understanding could be holding back the implementation of new technologies, such as the Internet of Things and big data.
That is the conclusion of a report from Capita Technology Solutions in partnership with Cisco. The study, which polled 125 decision makers and conducted in depth interviews, revealed ‘a strong disconnect’ between key trends and the ability of businesses to implement the technology.
While 70% of IT decision makers said the Internet of Things (IoT) was relevant to their business, 71% said they did not have the skills to identify the opportunities for growth offered by IoT.
Only 30% said that they were in the process of implementing IoT technologies.
Similarly, 90% said big data was relevant to their business, but only 39% were utilising big data solutions.
Overall, 88% of respondents agreed that there were financial gains can be made by responding to IT trends in a timely manner.
“It’s clear that there are several important, technology-led trends which have the capacity to transform the way business is done,” said Adam Jarvis, managing director, Capita Technology Solutions. “Whilst it is encouraging that levels of awareness around the strategic benefits of those trends are high, these results suggest more needs to be done to support businesses and help them close what is a substantial skills gap.”
The report identified several key barriers to implementation of these new technological frontiers. For IoT, the most prevalent were the perceived risk of security breaches and data governance issues.
For big data, the biggest obstacles were legacy IT systems, along with data governance issues and cost.
“Without the necessary skills and infrastructure needed to implement trends such as IoT and big data, businesses across the board will suffer long-term competitive disadvantage; it is up to us as an industry to find the best and right ways to deliver that support,” Jarvis concluded.