The Most Pressing IT Challenges Tech Startups Face

For tech startups, the year 2021 may be a good one. With the higher demand for technology, companies can thrive if they play their cards right. However, there are several challenges that such organizations face, bringing the business failure rate in this industry to 63%.

If you wish to protect your startup company and succeed this year (and every year), be prepared for the following IT challenges. 

Challenge 1 – Lack of IT Talent  

One of the biggest challenges facing tech startups is the lack of high-caliber employees. This is mainly due to a war for talent in the IT industry, one that big tech companies seem to be winning as they offer high salaries and other perks. 

As tech startups have budget limitations, their access to great IT talent may be hindered. However, they can stand their ground through innovative and quick hiring, engaging offshore talent pools, and other strategies. 

One surefire way of bridging the talent gap is by upskilling existing employees. With corporate training options available, you can easily empower your workforce with new skills while saving on their learning and development. 

Moreover, as employee training is a great perk, you can expect to attract more IT talent in the future. Especially once your staff begins acting as brand ambassadors and promoting the workplace. 

Challenge 2 – Cybersecurity Vulnerability 

Tech startups pose an enticing target for any opportunistic cybercriminal. This is because they have valuable data, including:

  • Customer Information – Even the smallest startups store or handle data such as financial information and personally identifiable information.
  • Proprietary Data – For a startup to be successful, it needs to have innovative ideas for products and services. These plans along with research data can be quite valuable. 
  • Third Party Vulnerabilities – In most cases, tech startups act as third-party vendors for larger companies. Targeting them allows cybercriminals to gain access into those valuable networks.  

To avoid becoming the victim of cyber threats, IT tech organizations need to establish a cyber security strategy. Ideally, this strategy should include areas such as formal data security plans, BYOD guidelines, and cybersecurity training

Challenge 3 – Changing Requirements 

The tech industry is constantly changing according to the needs of their customers. Therefore, its startups need to be innovative throughout or else be pushed out of the market. 

There are many things that organizations can consider to continuously grow despite a highly competitive market. For instance, they can keep an eye on the competition and think globally despite operating locally. However, one of the effective methods is changing how you create your products and services. 

For instance, many of today’s IT organizations rely on DevOps to deliver highly reliable deployments quickly. DevOps’ practices are especially beneficial for making adjustments based on feedback and operations monitoring. 

Challenge 4 – Scaling Technology 

Due to their size, IT startups are more focused on the immediate impact their tech solutions have on their work and productivity levels. However, they need to plan for business growth in the future. 

Making the right choices early will enable businesses to scale while minimizing costs. For instance, your startup needs to consider integration, security, etc. from the beginning to easily scale up when need be. 

You can always entrust this task to experienced consultants to ensure minimal issues as your startup begins thriving. This may be an additional cost. However, it is an important one nevertheless. 

Here’s a Common Solution for these Challenges 

Resolving the above four issues is possible with Employee Training. 

Having skilled professionals will bridge the skill gap, limit cybersecurity threats, make your startup more flexible to change, and help empower growth. 

And that’s where LearningCert can help. 

In addition to providing training for essential skills for tech startups, we offer sessions in self-paced, instructor-led, and corporate formats. 

Each of these comes with numerous incentives to make your learning experience a memorable one – from 100% money back guarantee to free lifetime revision. 

To learn more about what we can do for you, get in touch with our Training Advisors right away. 

About the Author

Currently serving as the Director Advisory Services at Business Beam, Syed Nabeel Iqbal is a lead trainer at LearningCert. In addition to being an established GRC lead consultant, he has over 16 years of industry experience, in which he conducted 10+ successful training sessions. He’s also an internationally accredited trainer for 15+ standards and frameworks, including COBIT, ITIL, and ISO standards.

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