The ContentLab

The technology industry has seen rapid evolution over the past five years, presenting significant challenges, especially for recruitment agencies. The tension between the fast-paced progression of technology and the skills available in the workforce is widening, making it difficult to source highly qualified candidates.

In the UK, the technology sector is a vital part of the economy, contributing over £150 billion annually and employing 1.7 million people. Artificial Intelligence (AI) has seen a 200% increase in investment over the past five years, with advancements like generative AI poised to reshape the job market. The World Economic Forum predicts that AI could replace 85 million jobs by 2025, but it will also create new opportunities.

Spatial computing, another emerging field, is growing rapidly, with projections of a 17% increase by 2028. Although it has primarily been used in entertainment, its applications are expanding into business and training, increasing demand for skilled professionals.

Quantum computing is another area with significant growth potential, especially in applications like fraud detection and risk management. This technology is expected to become a critical focus for companies.

Cybersecurity remains a top priority, with the UK economy losing £27 billion annually to cybercrime. The rise of AI and quantum computing is expected to create new roles and increase demand for cybersecurity experts.

The ongoing innovation in these areas is driving demand for specialised tech roles, particularly in AI, cybersecurity, and data management, indicating that the future of technology jobs will require continuous learning and adaptability.

Reference: Balkham, G. (2024). Navigating the Tech Talent: Insights into the Technology Job Market. Source Group International. Available at: https://www.sourcegroupinternational.com/news/talent-insights-into-technology-job-market/ [Accessed 16 Aug. 2024].

I love using this fantastic guide for joy spotting created by the wonderful Ingrid Fetell:

The Joyspotter’s Guide

Fetell, I. (2024). How to cultivate an abundance mindset. Available at: https://aestheticsofjoy.com/how-to-cultivate-an-abundance-mindset/ [Accessed: 25 Sep. 2024]