Nine out of ten organizations are expected to suffer from IT skills shortages through the end of 2026. Talent shortages cause significant delays to innovation, beyond direct financial impact, which is estimated to be $5.5 trillion.
A lack of skilled talent threatens growth, scalability, and the ability to remain competitive. Talent shortages disrupt operational efficiency and stall digital transformation. As a result, CIOs are under constant pressure to address these issues and more—all while balancing cost efficiency with innovation.
Agentic Process Automation (APA) helps CIOs optimize their current workforce instead of seeking to hire talent that simply doesn’t exist. By automating routine tasks, technology leaders can free up their teams to focus on high-value work and develop new skills.
These are the talent and innovation problems highlighted by CIOs and how APA addresses them:
| Problem Area | Benefit of Agentic Process Automation |
| Talent shortages | Automate recruitment efforts, reallocate time from repetitive to strategic tasks, and avoid hiring specialized teams |
| Skill gaps | Upskill existing employees and preserve institutional knowledge |
| Inability to augment current talent | Enable teams to accomplish more with the same or fewer resources. Mitigate the impact of talent shortages and empower high-performing employees to innovate |
| Data silos leading to operational inefficiencies | Break down data silos for improved data connectivity and accessibility. Integrate legacy systems and unstructured data |
Talent Shortage
90% of tech leaders claimed recruiting and retaining talent as a moderate or major issue, compounded by the fact that technology skills are rapidly advancing. Furthermore, 93% of CIOs stated that AI would be essential to their success over the next five years. But the issue of hiring and retaining talent remains, complicating AI adoption efforts.
APA offers a solution for CIOs. These platforms can reduce the need for custom AI coding and implementation, address concerns about data security and compliance, and eliminate custom models creation in-house. Taken together, this significantly decreases the demand for dedicated AI talent and allows existing talent to assume the role without the need for a slew of specialized skills. Additionally, APA systems are low-maintenance, so organizations can reduce their reliance on software engineers, QA testers, and similar roles.
By implementing APA, organizations can more effectively allocate current team members to AI automation efforts and mitigate the effects of talent shortages. This approach allows companies to redirect their focus from hiring specialized AI professionals to leveraging existing talent more efficiently. APA automates routine tasks, freeing up employees to concentrate on more strategic, high-value work. As a result, organizations can maintain productivity and innovation without the constant pressure to hire and retain scarce talent.
The Skills Gap
Current teams may lack the skills required to handle new systems, creating a disconnect between workforce capabilities and technological advancements. A recent report by IDC suggests that skill shortages delay 67% of all digital transformation initiatives. Technology continues to outpace talent in the market, further exacerbating skills gaps. Those who do have in-demand skills are expensive, with 70% of them fielding multiple offers.
APA solutions employ technologies like natural language processing (NLP) and machine learning (ML) to create interactive learning experiences, flattening the learning curve and lowering barriers to entry for current employees. This allows a larger pool of people to become skilled, allowing them to easily upskill or cross-skill into more valuable roles at a fraction of the cost of new hires.
Furthermore, APA platforms should document and keep record of each process, preserving valuable institutional knowledge, even in the face of high turnover or retirements. As demand for tech talent increases, the ability to quickly get new team members up to speed and productive is imperative.
Inability to Augment Current Talent
Every organization has standout team members who consistently deliver exceptional results. Wouldn’t it be incredible if their capabilities could be further enhanced? With the right tools, top performers can become even more impactful, inspiring greater efficiency and innovation across the organization.
APA augments the productivity of high-performing employees. By automating routine tasks like ticket management or campaign adjustments, APA frees up time for strategic, creative work. For example, engineers can focus on solving complex problems while AI agents handle administrative workflows.
Studies show that automation can boost productivity by up to 30%, amplifying the contributions of your best employees. By enhancing what top performers already do well, APA reduces pressure across teams and helps businesses achieve more without additional headcount.
Operational Inefficiencies Due to Data Silos
Employees lose up to 12 hours a week searching for information trapped in silos. Data silos are isolated pockets of data that hinder cross-functional collaboration, innovation, and decision-making within the organization.
Agentic automation solutions act as a central hub that connects systems and disparate data sources in real-time. Having a centralized data repository makes it easier for departments to work together, avoid mistakes, and make smarter decisions. The result? Projects get done faster. Operations run more smoothly. Costs go down.
Let’s demonstrate the value of APA in this context with an example: Imagine a bank with multiple divisions like retail banking, wealth management, and commercial lending. As teams collect valuable customer data, it remains trapped within business line silos. The bank lacks a holistic view of customer behavior and preferences, lowering customer lifetime value and increasing the likelihood of churn. APA breaks down business line silos to share relevant data that can grow into a complex network of automation. Ultimately, this means the bank can provide a more personalized experience for its customers.
Empowering Innovation with APA
Agentic Process Automation empowers CIOs to resolve talent shortages and skill gaps, accelerating innovation and reducing operational inefficiency.
This technology enables CIOs to make the most of their existing workforce without adding headcount. Automation frees up valuable time and resources so teams can focus on strategic initiatives and creative problem-solving without the burden of work they don’t want to do. As CIOs navigate the challenges of digital transformation, APA stands out as a key enabler in balancing operational efficiency with the pursuit of innovation.
If you are a forward-looking CIO looking to drive innovation, Kognitos can help. Reach out to a member of our team, and we can work together to position you and your organization for future growth and success.
Discover the Power of Kognitos
Our clients achieved:
- 75%manual data entry eliminated
- 30 hourssaved on invoicing per week
- 2 millionreceipts analyzed per year
