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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Judith Williams who wrote (38382)	1/25/2001 12:46:30 AM
From: BDR	Respond to of 54805

* Cisco Moves to Address Looming IT Shortage stratfor.com Summary As companies and countries lament the global shortage of skilled information technology workers, Cisco Systems is taking matters into its own hands. In the four years since the introduction of its Network Academy Program, Cisco has transformed itself into one of the largest education providers in the world. The company's groundbreaking approach will ensure its long-term global dominance in the Internet networking industry while helping to close the global technology gap. Analysis While in New Delhi in early January, Cisco Systems CEO John Chambers announced an initiative to train 100,000 Internet network professionals at 34 training academies throughout India. The initiative is part of a groundbreaking strategy by the world's largest producer of Internet networking products to combat the worldwide scarcity of information technology workers. The shortage of IT workers is well documented. Cisco estimated there were 800,000 global openings for Internet specialists midway through last year and predicted the number would rise to 3 million within the next five years. India's minister of information technology recently estimated the world would face a shortage of 2 million network administrators by 2005. Europe alone will face an estimated shortage of 1.6 million IT workers by 2002. The projected shortage is likely to undermine growth of countries and companies alike. According to The Associated Press, IBM Chairman Lou Gerstner told financial analysts in a November 2000 annual meeting, "Our biggest problem in global services today is skills."