33% of businesses miss financial objectives due to cloud skills gap: SoftwareOne

  • According to SoftwareOne, nearly a third of organizations missed financial targets due to the cloud skills gap

  • 41% of firms are suffering from outages and performance concerns

  • 43% falling behind on compliance and security

The current rate of technological advancement may be outpacing the organizational capabilities of some IT teams, according to SoftwareOne, which has recently released the findings of a new research report.

The report titled "The SoftwareOne Cloud Skills Survey" examines the impact of the cloud-skills shortage on IT firms in 2023. Additionally, the research provides insight into the methods being developed and adopted by IT teams to address this issue at the enterprise level.

According to SoftwareOne, 95% of respondents expressed a lack of cloud capabilities as one of the causes negatively affecting their business. Despite this, 93% of respondents say cloud-centric investment will be a high priority in the next 12 months, with the potential to enhance worldwide productivity by up to 156%.


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"For companies who want to accelerate their digital transformation, closing the cloud skills gap is critical. We have seen our clients innovate faster through cloud and application mastery while reducing their risk profile," said Craig Thomson, SVP of Cloud and Application Services at SoftwareOne, in a press release about the report.

According to the survey, which included 500 IT decision-makers from Europe, North America, and Oceania, 41% of firms are suffering from outages and performance concerns, in addition to 43% falling behind on compliance and security. As a result, many firms have experienced digital transformation project delays of up to five months on average.

Also according to SoftwareOne, nearly a third of organizations have missed financial targets due to the cloud skills gap, and with 40% of respondents struggling to retain IT staff in the last 12 months, finding consistent expertise is more difficult than ever.

"Our research into the cloud skills gap shows how much is at stake. The majority of organizations see cloud managed services as a crucial way to bridge the gap, with the option of scaling back these resources as they build their own internal capabilities for the future,” concluded Thomson.