The Goldilocks Economy Increases Competition For Qualified Tech Candidates

The Goldilocks Economy Increases Competition For Qualified Tech CandidatesAfter several years of uncertainty, the US economy is undergoing a period of stability and growth. The US Gross Domestic Product is predicted to grow at around 2.5 percent per year for the next two years, and possibly even more if executive efforts to bring about the growth of 4 percent are successful. The unemployment rate is expected to drop to below 4 percent. Inflation is stable and close to the Fed’s target.

We’re in what’s called a Goldilocks economy, which is characterized by low unemployment, low interest and inflation rates, and stable GDP growth. Not too hot, not too cold, just the right temperature for flourishing technology industry.

The cable and wireless industry and the wider technology sector can expect to see growing interest in current and emerging technologies. They will have increased the incentive to invest in new technologies and in building the infrastructure to support it. Demand from outside the sector for technology solutions and platforms will grow, fueling investment in 5G and the Internet of Things.

The immediate future is looking rosy for the technology industry. But low unemployment and business growth, coupled with a rapidly evolving technological landscape also present competitive challenges, especially where recruitment is concerned. There will be more demand for technical expertise in executive and rank-and-file roles as businesses prepare to take advantage of emerging technologies.

The most in-demand tech jobs include data scientists, wireless engineers, optical engineers, data security architects and administrators, and technical leadership, where the need for professionals outstrips market supply.

Last year a survey from KPMG revealed that 65% of technology leaders complained that the tech talent shortage was hurting the industry, with security and cloud computing being particular pain points, alongside hiring competition for project managers and business analysts.

That’s great news for qualified professionals in those fields, but businesses will find themselves competing for top-tier candidates. We’re seeing increased demand for strategic executive recruitment, technical training, and temporary staff augmentation, a trend that will continue throughout 2018 and the next few years.

Over the last year, a lot has been said about how automation and machine learning technologies will reduce reliance on traditional workers, but as those technologies gain widespread adoption, there will be increased demand for qualified professionals who can build the products and services that turn talk into a reality.

With low unemployment, it’s a candidate’s market, and businesses that lose out on high-quality hires will be at a competitive disadvantage. Businesses can’t afford to fall behind or lose key talent to the competition. The businesses that successfully hire will have formed close partnerships with recruitment professionals with deep industry expertise with allowing for more remote workers.

TD Madison has thirty years of experience as a trusted provider of executive recruitment, technical training, and staff augmentation services to the cable and broadband industry.

Five Technologies Your Business Should Be Preparing For In 2018

five-technologies-your-business-should-be-preparing-for-in-20182018 will be a fascinating year as several emerging technologies go mainstream in the enterprise. Business with the knowledge and leadership to move quickly and embrace these technologies are well placed to both create new products and optimize operations.

Building A Culture Of Technical Fluency For Your Organization

Building A Culture Of Technical Fluency For Your OrganizationIn 2005, Eastman Kodak recorded revenues of over $14 billion. In 2012, the company filed for chapter 11 bankruptcy. What went wrong? In a nutshell, the storied film manufacturer failed to foresee the dominance of digital photography. Kodak watched helplessly as its dominant position was eroded. Could history have been different? I think so, but only if Kodak had made an effort to develop fluency with emerging technologies.

What Is Staff Augmentation?

What Is Staff Augmentation?No business can afford to ignore the headlong pace of technological innovation. Every year, the technology landscape changes. It is evolving in ways that impact consumer and business behavior and the markets in which they interact.
Augmented and virtual reality, 5G networks, blockchain technology, machine learning and artificial intelligence — these are a few of the emerging technologies creating opportunities and challenges for any organization that does business in the cable, broadband, and networking space. (more…)

The Story of the Internet of Things

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In 1982, engineers at Carnegie Mellon University hooked a Coke machine into the local network so that they could check if the machine was empty before making the journey from their desks. Today, connected smart devices are everywhere: in our homes and our pockets, on our wrists, in factories and stores. Many of us drive sensor-laden network-connected vehicles capable of some degree of autonomy.

Over the next few years, the number of devices that comprise the Internet of Things (IOT) will multiply as their sophistication evolves, creating business opportunities and shaping consumer and industry behavior.

The name Internet of Things has been in use for less than 10 years, coined in 2009 by Kevin Ashton, the Executive Director of Auto-ID Labs at MIT, who envisioned a world of trackable objects carrying RFID tags. In the same year, the first wireless pacemakers were installed in patients, allowing doctors to monitor the condition of the device and of their patients remotely.

But it was the convergence of several emerging technologies that made the IoT as we know it possible. Improvements in miniaturization, computation technology, and power management made processor-equipped devices cheap to manufacture. Ubiquitous wireless connectivity allowed those devices to talk to each other and with servers in data centers. The cloud, big data, and machine learning provided the infrastructure and tools necessary to store and analyze the deluge of data generated by smart devices.

Our thermostats, utility meters, watches, security cameras, and home automation devices are part of the Internet of Things. In industry, the IoT is powering innovation in manufacturing, infrastructure management, agriculture, environmental management, logistics, energy management, construction, healthcare, and elsewhere.

The growth of the Internet of Things will increase exponentially as new applications are devised and the technology continues to evolve. 5G connectivity, which is likely to see widespread rollouts in the next 24 months, will have a major impact. As we discussed in a previous article, 5G provides greater bandwidth at lower energy and much reduced latency, allowing for real-time communication between devices and to data centers.

Alongside expanding investment in IoT technology for industry, we can expect to see an increased focus on security. The IoT security story hasn’t been encouraging, and the market has been flooded with cheap and insecure devices that can’t be upgraded. If the IoT is to fulfill its potential, security has to become a priority.

As you can see from our infographic. The Story Of The Internet Of Things, the IoT has come a long way in a short time, and we’re just at the beginning of the story. The Internet of Things has created business opportunities across many different industries. Forward-looking organizations are leveraging strategic executive recruitment and technical training to cultivate the expertise they need to make the most of those opportunities.

The Story of the Internet of Things

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Is Your Business Ready For 5G?

white antennaSome technological advances have an incremental impact on our lives and businesses. Others open up an entirely new landscape of opportunities and challenges. 5G will be both: an augmentation of familiar mobile connectivity, but one that takes us over a bandwidth and latency threshold, promising a profound impact on many aspects of daily life.

Today, wireless connectivity is often an auxiliary to WiFi, whether in our homes or public spaces. But 5G is fast and reliable enough to be a replacement for WiFi in many situations.

TD Madison To Attend Society of Cable Telecommunications Engineers Cable-Tec Expo

TD Madison Attends Cable-Tec ExpoTD Madison, executive recruitment and training provider to the cable and broadband industry, will be at Cable-Tec Expo 2017, America’s premier gathering of telecommunications professionals.

Organized by the Society of Cable Telecommunications Engineers, Cable-Tec Expo brings together thousands of cable and engineering professionals to network and discover the most innovative technologies in the telecommunications space. (more…)

TD Madison Celebrates First Year As Training Provider To The SCTE

SCTE Training Partner
TD Madison, a leading provider of executive recruitment and technical employee training to the cable and broadband industry, is proud to announce the one-year anniversary of its relationship as a provider of training instructors to the Society of Cable Telecommunications Engineers (SCTE). (more…)

SCTE 2016: Is There a Gap in Your Leadership Team?

SCTE 2016: Is There a Gap in Your Leadership Team?

Join us to discuss bridging the gap at this year’s SCTE Cable-Tec Expo® September 26th-29th, 2016 in Philadelphia, PA.

The SCTE show’s in-depth focus on the exchange of technical knowledge provides an enormous opportunity for thousands of cable and engineering professionals to discover and learn the latest and greatest when it comes to technology. We too find it an invaluable opportunity to discuss how a company’s leadership plays a vital role in driving technological success. Whether a company is looking to hire their next great leader, recruit top-level technical training talent, or augment technical staffing positions for both short or long term – we can help. (more…)

The Four Step Strategy to Creating a Great Executive Candidate Experience

The Four Step Strategy to Creating a Great Executive Candidate ExperienceWhat is the candidate experience and why does it matter?

The candidate experience is best described as the combination of feelings, impressions and perceptions that the candidate assimilates during the recruitment process.

It is a given that to retain the best talent, the workplace experience must be compelling; but to attract that talent, the hiring process has to be just as compelling.  Further, employers who are located in areas where there is a high demand for specific talent, but with low unemployment rates need to remember that high caliber candidates have options. (more…)