It’s tough out there in the corporate jungle. And often a company’s survival depends on the strength of its people. That puts a lot of pressure on business leaders to make the right staffing decisions—finding qualified talent, developing strategies to keep productivity up, making sure their teams have the right competencies to stay relevant and competitive in their industry. But competition for the best people is fierce, and economic, technological, and political changes are constantly shifting the business landscape. The results of the 2016 Harvey Nash/KPMG CIO Survey highlight the reality of this struggle: 65 percent of CIOs worldwide think a lack of talent will prevent their organization from keeping up with the pace of change.
We’re drowning in data. Astronauts landed on the moon in 1969 using a tiny fraction of the data we have on personal computers today. And the amounts of data we’re producing and have access to is growing exponentially, doubling every two years and expected to increase by more than 30,000% between 2005 and 2020, with a 500% increase between 2010 and 2020 alone, according to market intelligence firm IDC.