Tech skills gaps are costing UK businesses around £380,000 a year — and it's even worse in…
- UK orgs are failing to deliver projects or losing clients and contracts due to a lack of skills
- 97% have adopted AI to some degree, but only 6% report workforce-wide AI literacy
- The solution is a combination of recruitment and training opportunities
More than one in three (35%) UK tech execs believe that the ongoing skills gap could be costing them at least £380,000 per year – a figure that's even more pronounced when Pluralsight asked cybersecurity professionals, 41% of whom agreed with that estimate.
One of the most commonly cited factors leading to higher costs is that 40% have had to unexpectedly outsource work because they lacked the necessary skills within the organization, leading to budget overruns for 30% of the survey's respondents.
Many have even failed to deliver key projects (39%) or lost clients or contracts altogether (27%) as a result of not having enough skills internally.
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