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The explosion of data in the digital universe is creating a skill gap and is opening up many new career opportunities in management.
FORBES: Why Business Leaders Must Master Data And Analytics
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We are not addressing the high valued added skill gap in the US. So, we are not providing high wage, high productivity, high valued added jobs, especially in the engineering and IT industries.
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Step 2- Invest in analytics skills development : A Study by Accenture published a year ago, found the top in-demand skill gap for US Workers as problem solving , analytical skills and managerial skills. 55% of the workers report to be under pressure to develop additional skills however only 21% are reported to have acquired it through company-provided formal training.
FORBES: 4 Steps to Turning Big Data into Business Impact
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In fact, there is a wide gap between the skill sets required for flying a fighter jet and those for a commercial aircraft.
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If the gap is due to inadequate skill, training might still be the initial solution.
FORBES: Choosing the Right Training?
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The widening pay gap between the skilled and unskilled, and the shrinking availability of well-paying mid-skill jobs underlines the importance of education and skill building in the new economy.
FORBES: Wages Becoming Increasingly Polarized, Economists Confirm