Galway is becoming fast-growing tech hub and draw for tech talent

Developments like Bonham Quay are attracting major tech companies to Galway.

Developments like Bonham Quay are attracting major tech companies to Galway.

A new analysis of Ireland’s talent pool has found? that Galway’s technology workforce continues to go from strength to strength as employees continue to develop more skills in emerging technologies like artificial intelligence (AI ), cloud computing, cybersecurity, data analytics, data ethics and sustainability.

Accenture’s Ireland Talent Tracker analyses the latest trends in the Irish technology market and their findings confirmed Galway as one of Ireland’s fastest growing technology hubs, with over 5,000 employees possessing in-demand skills sought by employers in Ireland.

Cloud computing, data analytics and cybersecurity were identified by the report as particularly sought-after skills from Galway-based employees. The research revealed that sustainability skills were the most in-demand by employers, accounting for 175 of 570 available technology roles.

In Galway’s Metropolitan Area, sustainability skills appeared on 31% of all technology jobs advertised on the platform, followed by data analytics (15% ) and cybersecurity (12% ). Other emerging technology skills like robotics, extended reality and data ethics and responsibility currently feature in 7% of job postings combined for the Galway region.

In their previous report published in March, Accenture identified eight main technology hubs across Ireland – Dublin, Cork, Galway, Kildare, Limerick, Waterford, Westmeath and Sligo. The latest report finds there has been a change in several trends across these technology hubs over the last six months: Remote working technology jobs have doubled in advertisements, from 12% in March 2022 to 25% in August 2022.

72% of the jobs advertised by businesses across Ireland are currently available in the eight major hubs being studied: Dublin, Cork, Galway, Kildare, Limerick, Waterford, Westmeath and Sligo – This represents a 24% decline from March. In March, this figure stood at 96%, demonstrating the lessening impact of the pandemic on office and general remote working roles.

The pool of those with technology skills including cloud computing, analytics and has increased by almost 30 percent (29% ) in the six months from March across the eight major hubs. This indicates that Irish people are recognising the importance of upskilling in key skill areas.

The number of technology jobs advertised has decreased by 27% across the eight major hubs being studied, however, there has been a significant increase (104% ) in remote jobs across Ireland.

Speaking in relation to the latest findings, Antony Keane, Strategy and Consulting lead, Accenture in Ireland, said the second iteration of Accenture’s Ireland Talent Tracker points to some interesting trends emerging.

The drop in available roles listed could mean that businesses are dialing back on large-scale innovation projects. The second half of this year is becoming one of uncertainty for the market given inflation and the rising cost of living and energy prices, and businesses’ practices seem to have reflected that. However, we would expect that number to bounce back next year as companies look set to innovate and grow through new technology initiatives.”

“There is a tremendous opportunity right now for businesses that have been proactive against the backdrop of uncertainty. Those that have sought new opportunities and embraced innovation are set to benefit in the long term,” Mr. Keane concluded.

Further findings from the Accenture’s Ireland Talent Tracker revealed:

Ninety-four percent of the total job postings in Ireland are for the four technology skills groups: AI, cloud, cybersecurity, and data analytics.

The highest demand from businesses across Ireland is for people with cloud skills (38% ) followed by cybersecurity (22% ).

More than three quarters (78% ) of the total technology talent pool of Ireland is residing in the eight technology hubs listed within the study, compared to 67% in March.

AI, cloud, cybersecurity, and data analytics are most common technology skills amongst candidates.

Close to 57% of the total technology talent pool is in Greater Dublin and the city has the highest demand for jobs, with close to 56% of the total jobs advertised in Ireland available in Greater Dublin.

Developed by Accenture Research, Accenture’s Ireland Talent Tracker queried emerging technology and sustainability keywords on the LinkedIn Professional Network in August 2022. The tracker assesses skills of both existing roles and open positions, querying for nine skills areas: artificial intelligence, cloud computing, cyber security, data analytics, data ethics and responsibility, extended reality, quantum computing, robotics, and sustainability. The research covered all of Ireland, with a focus on the following cities: Cork, Dublin, Galway, Kildare, Limerick, Waterford, Westmeath and Sligo.

 

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