Caribbean Digital Readiness Survey 2024

Assessing whether Caribbean businesses have the tech skills and business acumen to drive digital transformation.

The survey highlight the step-up in investment in workforce upskilling. The benefits can be seen in the rise in Digital IQ  – how well an organisation understands and captures the value of digital investments in tools, business processes and culture.

The risks of underestimating the importance of upskilling are further highlighted in PwC’s Global Hopes and Fears Survey, which finds that the majority of workers do not appear to have clarity on how their job requirements may change. What’s more, workers whose jobs don’t require specialised training appear the least likely to see change coming.

• Only 15% of these respondents say the skills required to do their jobs will change in the next five years, compared with 51% of their counterparts whose jobs are more specialised.

Encouragingly, 68% of Caribbean respondents see their leader as a champion for digital transformation. However, only 59% believe their leadership is sufficiently digitally savvy and helps the workforce think in new ways.

When respondents were asked about the barriers to upskilling their workforce, the top three were: Lack of time (40%), lack of budget (36%) and lack of strategic focus on training (28%).