New Delhi, Nov 17 (IANS) Lack of specific skills and talents has been found to be the biggest obstacle for pharmaceutical companies in their digital transformation journey, according to a new report.
Large and medium-sized companies see a lack of specific skills and talents as more of a concern than smaller ones, according to a report by GlobalData.
The rapid pace of technological advancement has outstripped the ability of traditional training programs to keep up, creating a significant skills gap. Without the necessary expertise, companies may struggle to integrate new systems, leading to stalled initiatives.
“Shortage of talents that have specific digital skills continues to be a pressing issue for pharmaceutical companies that first experienced digital skills scarcity shortly after the arrival of COVID-19,” said Urte Jakimaviciute, Senior Director of Market Research and Strategic Intelligence at GlobalData.
Despite the growing demand for tech-savvy specialists, there is a limited supply of individuals possessing necessary expertise, and there is no quick solution for this, Jakimaviciute added.
Larger corporations may have a wider scale of operations or a higher number of systems to digitalise, which requires more human resources to complete the process.
As such, the absence of skills may make them unable to fully leverage the technologies that they invest in for digital transformation, said Jakimaviciute.
According to the report, while the labour market has been heated up by the race for recruiting talents, large enterprises, which demand a higher number of employees and tend to have a more global presence, may struggle more to deal with tech-savvy workforce constraints.
On the other hand, small companies may prioritize rapid innovation over very specialised roles and also often outsource more to access very specialised skills, it added. The ongoing advancements in technologies also mean that skills can become easily outdated, making it critical for companies to continuously invest in talent acquisition and upskilling.
–IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
