Insights

Keeping pace with new trends, innovative thinking, and perspectives

Market Updates

IT Talent Gap

How defending our cybersecurity future requires a different approach

90% of security leaders think their organization is not at the top of its game when it comes to addressing cybersecurity risks. Responding to the mass challenge of tech talent shortage, 45% of IT executives depend on their current staff to handle more security responsibilities. In comparison, 45% use automation technologies, and 42% outsource security operations. IT executives are planning to invest more in filling the cybersecurity talent gap and offering security awareness training for all staff.

IT Talent Gap

Plugging Hong Kong’s brain drain: new strategies to attract and retain top talent in the city

In a world where human capital is considered the most crucial factor in driving competitiveness and innovation, Hong Kong has been facing a brain drain. To immobolize this, the city can compete for top talent by raising the retirement age, increasing university places for non-local students and extending their stay post-graduation, and offering exceptional support, including tax incentives and educational benefits to scientists and researchers.

VDI & Cloud Solutions

16 expert tactics that can help your business reduce Cloud costs

Moving from on-premises to cloud offers well-established benefits, including quicker service, enhanced security, and increased productivity. Yet even as companies become increasingly enthusiastic about the benefits of cloud, many IT leaders are concerned that costs can quickly spiral out of control if the strategy is not carefully planned and managed. To keep costs under control, here are 16 approaches companies can minimize cloud spending.

IT Managed Services

Implementing data governance practices: why the banking sector needs to embrace it

Data governance in the banking sector is a way for banks to improve their data protection mechanisms, upgrade their current procedures and policies, and improve their data analysis capabilities for better decision-making, collaboration, and customer service. Banks can also implement data governance models to support risk management, regulatory reporting and compliance, market insights, data-driven culture, and other business needs.

IT Managed Services

Why financial institutions are increasingly choosing managed services

Managed services are on the rise in financial institutions, with a forecasted growth rate of more than 200% by 2028. As financial institutions will find themselves unable to meet increased customer demands without expanding their workforce and capabilities, the growth in demand is a result of several factors: remote work, labor shortages, digital transformation, regulatory pressure, workload variability, and market volatility.

IT Talent Gap

Breaking down the tech talent gap: hire talent from unconventional backgrounds

The tech skills gap is real. But it doesn't have to be a barrier — if you're willing to think outside the box. A recent McKinsey article makes the case for hiring people from "more unconventional backgrounds" who are learning tech skills to reinvent themselves and expand their skill sets, which helps narrow the tech talent gap. Employers are also looking beyond traditional qualifications to find candidates with the soft skills and potential to thrive in new roles.

IT Talent Gap

Will Singapore’s new talent work pass impress and lure top foreign talent?

Singapore has recently launched a new talent work pass starting in 2023 to attract and retain global talent with high-level skills and a monthly salary of at least S$30,000 in the city-state, keeping its borders and talent open to the world. Reducing friction for global talent, the new measures will allow foreign talent to stay in Singapore even if they change jobs, as well as allowing their spouses to work with a letter of consent.

Digital Transformation

5 essential skills for navigating and succeeding in the age of digital transformation

The future of business lies in digital transformation. The 2020 Mordor Intelligence study valued digital transformation at $263 billion. By 2026, it's estimated to reach $767 billion, which means that organizations have a greater chance of succeeding if they implement digital transformation. The vital digital skills to success include being digitally fluent, data-driven, marketing-savvy, and cybersecurity-conscious with leadership capabilities.

IT Talent Sourcing

Why agility and engagement are crucial factors for hiring tech talent

As the tech industry continues to grow and become more competitive, agility and engagement are crucial to attracting and retaining tech talent. The modern job seeker has much less patience to wait for the hiring decision to be made, making speed and efficiency more critical than ever. The same goes for engagement: candidates will be drawn towards hiring processes that are engaging, clear, and quick.

Subscribe

Be in the know with our news and insights. Subscribe to ITCS Group monthly market updates and keep pace with new trends, innovative thinking, and perspectives.