Key technology projects such as big data analytics, Internet of Things (IoT) deployments and artificial intelligence (AI) are being held back because businesses lack the skills to properly implement them.
This is the finding of a new report by Capita and Cisco, which revealed that while there is widespread awareness of the importance of these solutions, there is a strong disconnect between this and the actual implementation of solutions.
For example, nine out of ten respondents (90 per cent) agreed that big data analytics is relevant to their business. However, just 39 per cent stated they were currently utilising this technology.
One reason for this is that nearly two-thirds of businesses (64 per cent) did not have the skills to recognise how they could use big data within their company.
A similar pattern was seen for IoT. Although 70 per cent of IT decision-makers stated their business could benefit from this technology, 71 per cent said they did not have the skills within their organisation to identify any opportunities for growth afforded by it.
What's more, 80 per cent of respondents said they did not have the skills to capitalise on the data they received from IoT. As a result, just 30 per cent said this technology was being implemented in their business.
One of the biggest disconnects was related to the deployment of AI technologies. Only eight per cent stated this is being adopted in their own company, even though half of businesses agreed this would be relevant to them. This may be because 80 per cent of respondents don't have the skills to implement or keep up to date with trends and developments in AI.
Adam Jarvis, managing director at Capita Technology Solutions, said: "It's clear that there are several important, technology-led trends which have the capacity to transform the way business is done.
"Whilst it is encouraging that levels of awareness around the strategic benefits of those trends are high, these results suggest more needs to be done to support businesses and help them close what is a substantial skills gap."
When it comes to big data, the difficulties of getting this technology to operate alongside legacy infrastructure was named as the biggest barrier to adoption. Other issues named by IT decision-makers included cost and data governance questions.
Meanwhile, the risk of security breaches was named as the biggest hurdle to IoT adoption, followed by data governance and overcoming problems created by adapting legacy IT systems.
"Without the necessary skills and infrastructure needed to implement trends such as IoT and big data, businesses across the board will suffer long-term competitive disadvantage; it is up to us as an industry to find the best and right ways to deliver that support," Mr Jarvis continued.