Nearly 75% of global executives say a lack of skills is the biggest issue they face, and 64% say it hinders innovation

GE Innovation Barometer (2018)

Corporate innovation leaders are facing a skills gap. Nearly 75% of executives say that a lack of skills is the biggest issue they face, and 64% say it hinders innovation. The problem is particularly acute in areas like digital marketing and data analytics. Executives also cite a lack of creativity and entrepreneurship as significant obstacles to innovation. To overcome these challenges, companies need to invest in training and development programs to help their employees acquire the necessary skills. They also need to create an environment that encourages creative thinking and takes risks. Only then will they be able to close the innovation gap and unleash the full potential of their workforce.