- Only 11% of employees surveyed globally feel fully confident in their data literacy skills
- 58% of employees surveyed believe that being data savvy will help them stay relevant in their role with the rise of AI
- US employees could add $11,000 to their annual salary with data literacy skills
PHILADELPHIA, March 22, 2022 (GLOBE NEWSWIRE) — Slightly more than one in five employees believe their employer is preparing them for a more data-driven and automated workplace (21%), according to new research from Qlik ® , a leader in data analytics. This at a time when most business leaders are predicting an upheaval in working practices due to the rapid onset of artificial intelligence (AI).
With 35% of employees surveyed saying they changed jobs in the last 12 months because their employer didn’t provide enough development and training opportunities, workforce development is imperative to support the workplace transition that is already underway.
The report, Data Literacy: The Upskilling Evolution, was developed by Qlik in partnership with The Future Labs and combines insights from expert interviews with surveys of more than 1,200 global senior executives and 6,000 employees. *. The findings, which were broadly consistent across all geographies studied, reveal how the rapid growth in data usage is extending business aspirations to their potential and, in turn, transforming work practices. As organizations move from passive data consumption to a state of Active Intelligence™, where continuous data is integrated into work practices to trigger immediate actions, the report predicts how this will impact skills needs and professional opportunities.
Data Literacy: The Most In-Demand Skill in the Future Workplace
The study found that business leaders and employees predict that data literacy – defined as the ability to read, work with, analyze and communicate with data – will be the most in-demand skill of by 2030. And 85% of executives believe it will become as vital in the future as the ability to use a computer is today.
This reflects the greater appreciation of data in the business. Global employees surveyed say their use of data and importance in decision-making has doubled in the past year. While 89% of leaders now expect all team members to be able to explain how data informed their decisions.
Support smarter, automated work practices
The demand for data skills reflects the significant change in the workplace, due to the rise of AI. Business leaders who participated in the study believe that employees’ work practices will change to become more collaborative, with smart tools helping them make better decisions (84%) and become more productive (83% ).
To realize its potential, 40% of C-level respondents predict that their organization will hire an automation manager within the next 3 years, with that figure rising to 99% within the next decade. But the investment cannot be limited to hiring seniors; those on the front lines need support during this transition. And 58% of employees surveyed believe that being data savvy will help them stay relevant in their role with the growing use of AI.
“We often hear people talk about how employees need to understand how artificial intelligence will change the way they perform their role, but more importantly, we need to help them develop the skills that allow them to add value. the value to the outcome of these intelligent algorithms,” said Elif Tutuk, vice president of innovation and design at Qlik. “Data literacy will be key to extending workplace collaboration beyond human-to-human engagements, to employees augmenting machine intelligence with creativity and critical thinking.”
The true value of data literacy in the talent market
The shift to a more data-driven and automated workplace creates a huge opportunity for those with data literacy skills. All of the business leaders surveyed said they would offer a raise to candidates who could demonstrate their data literacy. On average, they would offer a 26% raise to demonstrate these skills. For the average US employee, this translates to an additional $11,000 to their annual salary**.
Despite being seen as critical to business success – both today and in the future – only 11% of employees surveyed feel fully confident in their data literacy skills. Yet the most common belief among business leaders is that it is up to everyone, rather than their current employer or educational institutions, to prepare themselves with the skills needed for the future workplace.
Where organizations are increasing their data literacy training, our research shows that it is primarily offered to those working in specific data-related roles (58%), such as data analysts and data scientists. Only one in 10 offer this training to those in HR, finance and marketing (12%, 11% and 10% respectively), although more than two-thirds of employees working in these functions say that data literacy is already necessary to fulfill their current mission. role (respectively 70%, 74% and 67%).
More than three-quarters (78%) of employees instead invest their own time and money (64%) to fill the gap in professional skills necessary for the future company – these employees spending on average nearly 7 hours per month and almost $2,800 each year. Some are voting with their feet, with 35% of employees saying they quit their job in the past 12 months because their employer didn’t provide enough opportunities for development and training.
“In recent years, investments in the digitization of most business processes have transformed the data resources available, and this will continue as we move towards a smarter and more automated workplace,” said the Dr. Paul Barth, Global Head of Data Literacy at Qlik. “But investment in cutting-edge data platforms has revealed a large and growing gap in the data literacy skills of the workforce. To become a data-driven company, where employees routinely use data and analytics to make better decisions and take informed action, business leaders must invest in developing workers in all roles to fill the gap. data literacy gap.
The Data Literacy: The Upskilling Evolution report can be downloaded here.
Data Literacy: The Upskilling Evolution is based on Censuswide research of 1,209 C-level executives and 6,197 full-time employees globally in organizations with more than 50 employees in the UK, US, in Germany, France, Japan, Australia and New Zealand in October and November 2021.
**To calculate the average salary increase for US employees, the average salary increase percentage that would be offered by US C-level executives (19.53%) was calculated based on the most recent average annual salary shared by the United States Bureau of Labor Statistics (USD $56,310 in 2020).
Qlik’s vision is a data-driven world where everyone can use data and analytics to improve decision-making and solve their toughest problems. As a private SaaS company, Qlik offers an Active Intelligence platform, delivering end-to-end cloud-based real-time data integration and analytics solutions to bridge the gaps between data, insights and action . By turning data into Active Intelligence, companies can make better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves over 38,000 active customers in over 100 countries.
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Media contact: Zuzana Eden