How cognitive technologies can address the cyber workforce shortage
As the cybersecurity talent shortage continues, adding cognitive technologies into the mix can help automate routine tasks, increase responsiveness, and allow cyber professionals to focus more on tasks requiring human ingenuity. Learn how it could work.
It may seem counterintuitive, but 0 percent unemployment in an industry is not a good thing. It’s often accompanied by high turnover, salary inflation, skill mismatches between workers and the positions they fill, and numerous vacant positions. Yet, this condition seems to be the reality for cybersecurity professionals, one of most consequential professions supporting an increasingly interconnected world. The demand for adequately trained and knowledgeable cyber personnel far exceeds the available talent pool.
Recent reports confirm this situation to be true, and it’s unlikely to get better anytime soon: Cybersecurity unemployment is at 0 percent with more than 1.5 million job openings anticipated globally by 2019.1 Meanwhile, cyberthreats are increasing, and the annual cost of cybercrime is expected to rise from $3 trillion today to $6 trillion by 2021.2 This statistic is particularly troublesome news for government agencies responsible for protecting their citizens and corporations defending against crime. In an attempt to address this demand, federal and commercial marketplaces plan to spend $1 trillion globally on cybersecurity products and services between now and 2021.3