Pharmaceutical Industry’s Digital Transformation Halted by Persistent Skills Shortage

Skills Shortage:
A significant obstacle to digital transformation in the pharmaceutical industry is the lack of specific skills and talents, as identified by 49% of surveyed professionals[1][4].

Industry Impact:
Large and medium-sized companies are more affected by this shortage due to their broader operational scales and higher demand for tech-savvy specialists[1].

Talent Acquisition Challenges:
The industry faces a 35% talent deficit, with time-to-hire increasing and internal hiring rates decreasing, making external hiring more critical and challenging[3].

Integration Issues:
The integration of advanced tools like AI and machine learning is still limited, with only 39% of companies deeply embedding these technologies, highlighting the need for a more extensive root system to foster growth[2].

Language Barrier:
There is a significant "language barrier" between pharma marketers and tech professionals, which hinders effective collaboration and transformation[2].

Continuous Investment:
Continuous investment in talent acquisition and upskilling is crucial to address the skills gap and keep up with technological advancements[1][3].