The digital world is expanding faster than ever, with tech companies constantly churning out new products and services. As artificial intelligence (AI) continues to drive this rapid growth, keeping up has become a major challenge.

One of the biggest hurdles? There simply aren’t enough developers to meet the demand.

This shortage is also not a new problem; it’s been building for years and doesn’t show signs of easing up. In fact, forecasts suggest there will be more than 3.5 million unfilled tech positions by 2025, leading to a staggering $5.5 trillion in losses by 2026.

What’s Behind the Shortage?

So, what’s causing this gap? While there are many factors at play, the fast-paced evolution of technology is undeniably the catalyst. Industries across the board are racing to digitize, leveraging AI, cloud computing, machine learning, and other new technologies to stay ahead.

Another issue is not utilizing the opportunities that remote work offers. Many companies stick to hiring talent from their immediate area, which limits their options.

Plus, there’s a diversity problem in tech: around 80% of the workforce is male and predominantly white. This lack of diversity not only narrows the talent pool but also perpetuates existing disparities.

What Can We Do About It?

Focusing only on local or the same demographic of talent is a major roadblock. There’s a whole world of skilled professionals out there, just waiting for the right opportunity. By broadening your search to include diverse and remote talent, you can fill positions more effectively and bring new skills to your team.

That’s where UpStack comes in. We specialize in connecting you with top-tier developers from around the globe, helping you find the right talent to stay ahead in the digital age. Ready to expand your team and tackle the tech challenges of tomorrow? Get started with UpStack today!