From Where We Stand, robotics, machine learning and the oncoming wave of new technological advancements will power the marketplaces of the future. But will a potential talent gap stop this trend before it even begins?
BUILDING STEM TALENT FOR THE
WORKFORCE OF TOMORROW
We recently hosted a live, video roundtable discussion that explored new data and perspectives on the STEM talent gap as a serious potential risk to the future vitality and growth of our industry. Our experts shared thoughts on how business leaders like you can develop a workforce capable of leveraging new technologies and support talent development from early education through the career lifespan.
Watch highlights from our roundtable discussion with experts from DTCC, BNY Mellon, the Center for K12 STEM Education at NYU’s Tandon School of Engineering and the Center for Talent Innovation. Scroll down to access a link to the full recording, and gain deeper insights on the STEM pipeline shortage and proven actions corporations can take to stem the tide of this impending crisis.
A Financial Services Industry Imperative
- New technologies are emerging at a faster pace than ever before with the potential to transform the global marketplace.
- However, the industry’s ability to drive innovation may be hindered by a lack of experienced and diverse talent:
- An estimated 75% of STEM jobs are currently held by men.
- One study found that more than half of business executives said skills shortages are a significant problem for their companies – and that 60% of their roughly 200,000 U.S. job openings require basic STEM literacy.
- Just as troubling, 38% of these same companies say at least half of their entry-level job lack even basic STEM skills.
- From where we stand, STEM education is critical to driving fintech innovations in new technologies like cloud computing, robotics, cryptography, machine learning and data analytics.
- We believe STEM education will help develop a diverse workforce that will be capable of leveraging these and other new technologies to make the markets safer, more stable and more efficient.
- At DTCC, we work with leading organizations like Girls Who Code and the Center for K12 STEM Education at NYU’s Tandon School of Engineering to promote STEM education.
- As we look to the years ahead, supporting STEM education will help ensure that we have the computer scientists, engineers and mathematicians to develop and manage future technologies and risk management approaches that right now may be just an idea on a drawing board or a thought in some young person’s imagination.