STEM skills have also decreased in importance, according to IBM's survey of 3,000 executives, as AI allows for 'no-code software development platforms'
by computing giant IBM found that about 40% of the global workforce or about 1.4 billion of the total 3.4 billion work-capable individuals will have to be reskilled in the next three years.
The study said that what many organizations are struggling with now is identifying which skills already exist within their teams and what doesn’t. “Capturing and identifying skills” across the organization is the first step, in order to later decide what areas to fill with new talent, and which areas might be better suited for internal mobility than newly hiring.
What skills are more important? IBM found that “intriguingly,” the need for STEM skills have dropped significantly, with STEM proficiency falling from being the most important in 2016 to 12th place in 2023. People skills have increased greatly in importance, with time management skills and ability to prioritize, ability to work in team environments, and ability to communicate effectively, rising to the top 3 spots.
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