The future is knowledge creating companies

on Tuesday, 01 January 2013. Posted in Blog

 

In a global economy, where the only certainty is uncertainty, the one sure source of competitive advantage is knowledge. When market shifts, technologies proliferates, competitors multiply and products become obsolete overnight. Companies that will survive the next 10 years need to consistently create new knowledge and spread it across the organization.  

Despite the talk of the current opportunities in many fields like math,  technology, healthcare and sciences. In my experiences few managers grasp the understanding of the creation of a knowledge company, let alone how to manage it.

The reason: they misunderstand what knowledge is and what a company must do to exploit it.

This dialogue must start know and companies should have an clear established strategy.

No one is mistaking the current job market for the above mentioned fields is great.Even as the U.S. economy wrestles with a weak housing market and high oil prices, demand for IT, Math, Science, workers is on the rise.

"There is a distinct shortage of certain IT [skills], and that shortage seems to be growing," says Neill Hopkins, vice president of skills development at (CompTIA) in Oakbrook Terrace, Ill.  

Although the talent shortage is being exacerbated by dramatic declines in enrollments in university computer science, Health, etc, along with the first trickle of baby boomers starting to head for the exits, specific skills shortages are weighing heavily on CIOs' minds especially  the ones below:

Here are the top four skills in demand for the next 4 years:

Project management. CIOs are hungry for project managers who have extensive experience overseeing complex efforts that have delivered clear business benefits – and have actually delivered and implemented these systems not just someone that talks a good show.

Business knowledge. As IT organizations strive to align more closely with the businesses they support, demand remains strong for people with business acumen, whether they're specialized business analysts, business liaisons or application developers and other technicians with business-specific knowledge, ERP, CRM will remain strong for many years.

Data centers. There has been a flurry of activity among companies and government agencies to upgrade or relocate their data centers to take advantage of virtualization and other recent data automation and efficiency gains.

The data center gold rush is also being fueled by expanding data management and storage requirements being imposed by regulations such as the Sarbanes-Oxley act, IFRS and the Health Insurance Portability and Accountability Act (HIPAA). And as organizations place greater reliance on open systems to run mission-critical applications, many companies are recruiting experienced technicians to apply the same type of "industrial-strength computing" disciplines they've acquired to distributed systems.

Meanwhile, demand for database management experts is growing simply because organizations are putting a heck of a lot more of their business [data] on these very large databases.

Security. There will always be demand for IT professionals with core security credentials, such as intrusion-detection capabilities and government security clearances, but database and wireless security projects will drive that demand even higher this year.

Thanks to the Sarbanes-Oxley Act of 2002 and IFRS, there has to be a way to control security on databases and networks to a level that we've never had to lock it down before.

 

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