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The research article looks at how well China is managing its tech skills resources in major industries.

The IBM Institute for Business Value in collaboration with Oxford Economics recently conducted a specific survey of more than 5,600 global business, government and education leaders on the topic of global workforce skills. More than 400 of the 5,600 executives surveyed were from China, representing 18 specific industries from across all major regions. The insights and opinions of these 400-plus Chinese executives inform this report about tech skills resources in China.

Seventy-one percent of corporate recruiters in China, say they cannot find applicants with sufficient practical experience, and 72 percent of the Chinese industry leaders surveyed report that gaps evidenced in the core skills of newly recruited employees is the single most significant business challenge they face.

The interviews were performed in 2016 and the data analyzed in 2017 and 2018.

Seventy-one percent of Chinese executives believe that individuals should bear significant personal responsibility in developing and maintaining work skills.

This is a large sample of executives in major Chinese corporations and some representatives of Chinese educational institutions. Their insights about China’s talent gaps and what it is doing on many fronts to modernize its talent resources should be of interest to players in all competitive economies.

To better understand the current state of world economic competitiveness as well as the challenges and opportunities both present and emerging for national economies, the IBM Institute for Business Value (IBV) 10;surveyed top executives on a range of topics related to their organizations’ and their nations’ successes.

More than 2,700 C-level executives across the 12 largest national economies were surveyed in collaboration with Oxford Economics.

•9;90 percent of executives cite skilled labor availability and quality as a critical factor for their organization when considering expansion into new markets. 10;•9;54 percent of executives say cyber threats are among the biggest strategic risks for their nation’s economy in the next five years. 10;•9;120 million workers in the world’s 12 largest economies may need to be retrained/reskilled in the next three years as a result of intelligent/AI-enabled automation. 10;

By a wide margin, regulatory risk and cyber threats dominate the attention of business and other leaders as primary risks to their respective economies.

The future success of national economies is heavily dependent upon ecosystem partners working together to develop and maintain a skilled workforce across regional labor markets.

Based on the responses, the researches recommend a focus on developing and maintaining the workforce skills required to realize value from intelligent automation and other emerging technologies.As intelligent automation and other disruptions continue to redefine industries, the types of skills these industries require are also evolving. 10;

An IBM survey of business, government and education leaders concluded that if left unresolved, an emerging global skills crisis will likely have profound effects on businesses and economies worldwide.

To gauge current skills challenges and assess future needs, the IBM Institute for Business Value in cooperation with Oxford Economics surveyed more than 5,600 global executives representing 18 industries and 48 countries

Fifty-five percent of all executives surveyed conclude that inadequate investment from private industry is the most important challenge to overcome in addressing skills development in the future.

Personalized learning, powered by data-driven cognitive technologies, can enable personalized education – allowing individuals to readily take more responsibility over their skills future and improve outcomes for stakeholders across the business ecosystem.

Sixty-nine percent of industry executives from outperforming companies…indicate their organizations are already collaborating with ecosystem partners to address skills-related issues, as opposed to less than half of lower performing businesses.