Australia has a problem on its hands if it thinks the problem is a data and analytics problem. In fact the problem is not so much of data and analytics, the problem is with implementation. The whole secrot has not been able to take advantage of this because of lack of talent and skills.
We know that data and analytics are growing phenomenally and are playing an increasingly crucial role in every company. It is used by sales representatives to identify opportunities, manage customer relationships, provide market insight, product analysis, and many more. All this needs expertise and lots of experience. If you have these skills, you can easily become the head of a company that will definitely require expertise and plenty of work in order to implement and use the technology. So you see there are two problems here, data and analytics problem and a staffing and recruiting problem.
There is no doubt that when you outsource data and analytics to an outside firm you save money. You save money because you don’t have to train your own talent in this field. If you do then you will be paying salaries to your in house IT team. On the other hand, if you outsource to an external service then you can be sure your talent will be utilized. This means you can keep the salary intact but you can get the benefit of great expertise at a fraction of the cost.
If you outsource to a lesser known company then you are bound to get good data and analytical skills. But what is important is that you are hiring the right company. What is very common with the wrong companies is that they hire people who are not that talented or efficient. As a result they deliver below par performance.
It’s true that Australia’s demographics has a lot to do with the rise of Australia’s software development companies. This is due to the fact that Australia has one of the most ethnically balanced populations in the world. Furthermore, the birth rate of immigrants is actually a bit higher than the native population. Thus, Australia is home to a large number of skilled workers who want to immigrate to Australia. As a result, Australia’s software development industry has also seen a significant increase in workers over the past few years.
However, the rise of Australia’s software development companies shouldn’t be too much of a surprise to companies around the world. It has long been known that Australia is one of the best places in the world to do business. In addition, the Australian economy has been performing well for quite some time. If you dig deeper, you’ll find that many of these factors have contributed to the increasing demand for software developers and IT professionals.
As we all know, Australia’s natural resources are unmatched. In particular, they possess an incredible wealth of highly skilled workers with a wide range of expertise. Among the most notable fields are healthcare, information technology, education, finance, communications, and manufacturing. These natural resources have made Australia a very attractive destination for companies around the world. As a matter of fact, the availability of labor force is probably one of the reasons why Australia has enjoyed a strong economy for so long.
Although there is no definite solution to the current skills shortage issue, there are measures that companies can take to alleviate the problem. One of which is to invest in educating their employees. Most companies do this by offering short-term training programs as well as seminars and professional development opportunities. Moreover, there is also the option of hiring more capable and trained candidates. By doing so, employers will be assured that their workforce possesses the skills employers need.
Apart from offering training programs, employers can encourage applicants to join their payrolls via professional certification programs. Currently, there is a growing demand for software engineers, software professionals, and systems analysts. As a result, these professionals are being offered professional certifications in order to meet increasing job demand.
Australia is not yet entirely dependent on international software development outsourcing. Although there is a possibility that the situation may change in the future, for the time being, Australia continues to enjoy a strong economy thanks to its domestic resources. In view of the fact that there is still a significant and ongoing skill shortage, however, companies in Australia are encouraged to invest in acquiring the necessary skills and certifications in order to address the issue.