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Kenny McGilvary
Acumen Republic
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Media Release

Hudson Unveils Talent Blueprint For Big Data


Australia – 14 August 2013 – A significant talent shortage is looming globally as companies seek to leverage big data for competitive advantage but struggle to find people with the right skills and competencies in this relatively uncharted territory.

Gartner estimates that “by 2015, 4.4 million information technology jobs globally will be created to support big data.” but says “only one-third of the information technology jobs will be filled, and data experts will be a scarce, valuable commodity.”1

Research from global talent solutions firm, Hudson, reveals that 78 per cent of Australian respondents think their organisation currently lacks the skills and competencies to successfully undertake a big data initiative effectively.

In response to this, Hudson today released the Hudson Industry Leaders Series: Tackling the Big Data Talent Challenge report which provides employers with a blueprint for sourcing the talent to develop a big data function to unlock and deliver business value from big data. As part of its thought leadership series, Hudson brought together leading practitioners in the field to discuss this critical business issue facing executives across Australia and New Zealand.

“Much has been written about big data and organisations know that there is great value to be leveraged from the volume, variety and velocity of modern data sources, such as email, social media, text messages, spreadsheets and real-time research. However, few are tackling the challenge of how to best resource the big data opportunity. How do companies identify and recruit the right people, who will effectively manage, manipulate and most importantly, exploit these fast-growing data reserves?” said CEO Hudson Asia Pacific, Mark Steyn.

Finding the right skills and competencies in a relatively unchartered area such as big data is challenging. “People who can blend deep technical expertise, business and analytical skills, an understanding of the market and the customer represent nirvana in terms of big data talent. Unfortunately these individuals are in short supply. This presages a skills crisis of vast proportions and is forcing organisations to look outside the usual supply network for talent,” said Steyn.

The lynchpin of a big data team and the hardest-to-find talent in the current environment is the big data analyst. Using Hudson’s proprietary tools and methodologies, psychologists from Hudson’s R&D team developed a talent blueprint identifying the competencies and attributes that big data analysts should display. This highlighted an elusive blend of technical and soft abilities which were critical to success in the analyst role.

Hudson also looked at the attributes of big data analysts and mapped these against a test group of other professionals. It found potential big data analysts could come from widely disparate backgrounds, such as sales, information technology, marketing, and engineering.

“Each organisation is at a different stage of leveraging big data and it is essential to find the right talent to unlock value from the data tsunami and turn it into actionable insights which deliver business value. Irrespective of where you are at in your efforts, Hudson can help source the talent you need,” added Steyn.

“Big data is as an equal opportunity disruption because all enterprises have access to vast streams of data. Those that invest in exploiting the data, and take the time to carefully find, hire and retain the right skills mix will achieve competitive advantage,” he said.

- ENDS -

Editor's Note
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About Hudson
Hudson is a global talent solutions company with expertise in leadership and specialised recruitment, contracting solutions, recruitment process outsourcing, talent management, outplacement and eDiscovery. We help our clients and candidates succeed by leveraging our expertise, deep industry and market knowledge, and proprietary assessment tools and techniques. With more than 2,000 people in 20 countries, and relationships with millions of specialised professionals, we bring an unparalleled ability to match talent with opportunities by assessing, recruiting, developing and engaging the best and brightest people for our clients. We combine broad geographic presence, world-class talent solutions and a tailored, consultative approach to help businesses and professionals achieve higher performance and outstanding results. More information is available at Hudson.com.

Forward-Looking Statements
This press release contains statements that the company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “predict,” “believe” and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties and assumptions, including industry and economic conditions' that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to, global economic fluctuations; risks related to fluctuations in the company's operating results from quarter to quarter; the ability of clients to terminate their relationship with the company at any time; competition in the company's markets; risks associated with the company's investment strategy; risks related to international operations, including foreign currency fluctuations; the company's ability to implement cost reduction initiatives effectively, including the recently announced restructuring program; the company's dependence on key management personnel; the company's ability to attract and retain highly skilled professionals; risks in collecting the company's accounts receivable; the negative cash flows and operating losses that the company has experienced from time to time in the past may reoccur in the future; restrictions on the company's operating flexibility due to the terms of its credit facilities; the company's heavy reliance on information systems and the impact of potentially losing or failing to develop technology; risks related to our dependence on uninterrupted service to clients; the company's exposure to employment-related claims from both clients and employers and limits on related insurance coverage; volatility of the company's stock price; the impact of government regulations; and restrictions imposed by blocking arrangements. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this document. The company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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HUDSON

Hudson is a global talent solutions company. We help transform the workplace and unleash the full potential of organizations and individuals. Our expert team and proprietary tools provide you with unique insights and services that help you maximize your success. Across 20 countries, we deliver a range of recruitment, talent management and recruitment process outsourcing solutions to get you and your business where you want to be.