Technology

Data Skills Gap Costs Businesses Nearly a Month of Productivity Per Employee Annually, Multiverse Skills Diagnosis Reveals

Published

2 years ago

August 5, 2024

NEW YORK, Aug. 5, 2024 /PRNewswire/ — Businesses are grappling with a significant productivity drain due to widespread data skills gaps among their workforce. According to data from Multiverse, a skills intelligence and development platform, employees are losing an average of 26 working days per year due to inefficiencies in handling data-related tasks.

The inaugural Multiverse Skills Intelligence Report, which pulls data from Multiverse’s skills assessment and development platform, analyzes the skills and productivity levels of over 12,000 employees across 18 major industries in the U.S. and U.K. The assessment found that workers spend an average of 14.31 hours per week on data tasks—equivalent to 36% of their total working week.

However, a staggering 4.34 hours of this time is spent unproductively due to inadequate data skills. Overall, workers spend over 10% of their total working time ineffectively due to skill deficiencies in areas like data analysis, automation, and predictive modeling.

The result: project development is slowed, answers take longer to work out, errors introduced early on compound, trends are missed, products and services take longer to get to market.

The report highlights a paradox in the modern workplace: while data has become integral to most roles, many employees lack the fundamental skills to leverage it effectively. Half of the surveyed workers reported challenges in making data analysis more efficient or automating processes. Nearly half struggled with using data for forecasting.

Technical proficiency is also lagging, with 57% of employees reporting no or only basic Excel skills, 55% lacking competence in visualization tools like Power BI or Tableau, and 86% having no Python skills.

The impact of these skills gaps varies across industries. The education sector reported the highest proportion of unproductive time spent on data tasks at 38%, followed closely by manufacturing and engineering at 36%. Even traditionally data-intensive sectors like banking and finance reported 35% of data-related work time as unproductive.

Despite these challenges, there’s a silver lining: 90% of employees express a desire to improve their data skills. This aligns with the plans of many organizations, with 76% intending to upskill existing employees and 73% planning to reskill workers into new roles.

Multiverse works with over 1,500 companies, including Microsoft, Citi, KPMG, Unilever, and Capita to offer digital skills assessments and programs tailored to their existing workforce.

Multiverse’s skills intelligence tool uses AI-powered assessments to create an inventory of existing employee skill sets, and help companies reveal critical capabilities they need to build. Using these insights, Multiverse develops a targeted, data-driven employee upskilling and reskilling strategy that closes skills gaps for businesses.

To date, Multiverse has tracked benefits to individuals and employers alike from this approach:

52% of of employees that took part in Multiverse training programs saw a salary increase during or shortly after the program36% earned promotions as a result of their new skillsMultiverse has tracked over $2 billion in ROI for its clients30% of apprentices come from disadvantaged socioeconomic backgrounds

Euan Blair, founder and CEO, said: “Companies recognise the value of big data, and many are collecting vast amounts of it. But their employees are spending hours each week, struggling in spreadsheets, because they’ve never been trained in these areas that they’re now expected to know. The economic cost of the time spent unproductively grappling with data tasks is in the billions: it’s something companies need to take seriously. Companies have spent billions on software, but hardly anything on the skills needed to get the most from that software.”

For more information about the Multiverse Skills Intelligence Report, please visit www.multiverse.io.

About Multiverse
Multiverse is a new tech-first institution that combines work and learning to deliver equitable access to economic opportunity for everyone. We close the critical skill gaps through a new kind of digital upskilling and reskilling approach, harnessing the best of human-centered coaching, AI and tech to deliver an approach to learning that’s measured, applied, guided and equitable.

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SOURCE Multiverse

Technology

Bonree Powers Global Digital Finance with Intelligent Observability

Published

35 minutes ago

April 27, 2026

DONGGUAN, China, April 27, 2026 /PRNewswire/ — From March 31 to April 2, 2026, the second Huawei Global Financial EcoWeek, themed “Inspire • Collaborate • Achieve: Reshaping the Future of Finance”, was held in Sanyapo, Dongguan. The event brought together over 400 attendees from Huawei partners across more than 30 countries and regions, including over 60 independent software vendors (ISVs) and over 120 system integrators (SIs) in the financial industry. As global financial data volumes surge, customer demands diversify, and regulatory requirements evolve, financial institutions are accelerating their digital and intelligent transformation. Observability and intelligent operations technologies enable institutions to detect system anomalies in real time, optimise performance, and ensure business continuity, while cross-regional and cross-institution collaboration is becoming a key driver of industry innovation.

At the event, NTT Data signed a partnership agreement with BONREE DATA TECHNOLOGY Co., Ltd. (Bonree), marking the launch of a renewed global financial ecosystem under the “SI Value Growth Plan.” As the first publicly listed company in China’s Application Performance Management (APM) and observability market, Bonree is advancing its globalisation strategy with established operations in Hong Kong SAR, Singapore, and Malaysia. The company has already secured orders worth millions in the Hong Kong and Macau region. Bonree complies with internationally recognised standards, including SOC 2 Type II and CMMI Level 5. Its self-developed LLM-powered observability platform has been selected for Huawei Cloud’s international baseline solution library, reflecting recognition from global cloud ecosystems and supporting its expansion with a “global deployment, local compliance” approach.

Bonree serves over 1,000 leading clients worldwide with system monitoring, performance optimisation, and intelligent operations solutions. Leveraging proprietary unsupervised knowledge graph root cause analysis technology and AI-driven intelligent analytics, Bonree delivers plug-and-play monitoring and fully managed adaptive alerting systems that detect anomalies quickly and accurately with minimal noise. With 56 authorised invention patents and 135 software copyrights, as well as 24/7 global technical support, Bonree maintains an NPS of 79 and a client satisfaction rate of 95%, reflecting its deep overseas market presence and trust among international financial institutions. With these core strengths, Bonree continues to lead in global fintech and digital operations, helping clients ensure business continuity and digital transformation while striving to become a leading global player in APM and observability.

CONTACT:
Yao Xiaohan
yaoxiaohan@bonree.com
+8618210189324

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SOURCE BONREE DATA TECHNOLOGY Co., Ltd.

Technology

HZICC: The 2025 Hangzhou Highlights Awards Celebrating Visionaries Elevating the City’s Global Profile

Published

35 minutes ago

April 27, 2026

HANGZHOU, China, April 27, 2026 /PRNewswire/ — What does the world see when it looks at Hangzhou? The Hangzhou & Friends: 2025 Hangzhou Highlights Awards, unveiled on February 4, offered an answer—not through statistics alone, but through the stories of connection that unfolded across the year.

The awards were born from a simple recognition: that a city’s global presence is built not only on grand events, but on the countless moments when people reach across borders. To honor this, the organizers structured the awards into four chapters: Dialogue of Civilizations, Industrial Narratives, Social Innovation, and Moments of the Year, each capturing a different way that Hangzhou touched the world.

Across these categories, moments of quiet resonance stood out. In the realm of cultural dialogue, ten friends from ten nations explored Hangzhou for the first time, their journeys later echoed by the city’s own return visits to Istanbul and Cairo. After the visits, a German photographer’s image of Qiandao Lake’s giant net fishing found its way to the pages of The Times, Hangzhou’s bond with Verona deepened into a year-long romance of music, art, and shared celebration, proving that sister-city ties can bloom into something far richer than ceremony.

On the Liangzhu Day of 2025, the “Liangzhu and the World: Dialogue between Liangzhu Ancient City and Rome Ancient City” was held—one of several moments when the region’s archaeological treasures found new resonance on the global stage. Beyond culture, the awards recognized how Hangzhou’s industries are telling Chinese stories overseas, from Geely’s global development to the rise of cross-border e-commerce that brings Hangzhou products，and the culture behind them directly to international consumers.

Yet there were also countless other people and moments that helped the world know Hangzhou. An international student from Pakistan filmed the city he had come to call home, capturing not just its landmarks but the feeling of belonging. A volunteer from Zimbabwe found himself holding hands with local police and strangers in a human chain at West Lake to maintain traffic order, discovering that being welcomed means being trusted to help. The Hangzhou International Conference Center became a stage for cross-cultural encounter, while Hangzhou’s tech-themed travel routes offered visitors a chance to explore the city’s cutting-edge innovations.

Together, these moments traced a portrait of Hangzhou not as a place that simply welcomes visitors, but as one that listens, shares, and grows, through the people who carry its stories onward.

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SOURCE HZICC

Technology

Flagship Tablet to Highlight Huawei Innovative Product Launch in Bangkok

Published

35 minutes ago

April 27, 2026

BANGKOK, April 27, 2026 /PRNewswire/ — Huawei officially announced the “Now Is Your Spark” Innovative Launch Event, due to be held in Bangkok, Thailand on May 7, 2026. This launch event will unveil a comprehensive lineup of flagship tablets, wearables, and smartphones. Empowering daily life with technology and exploring future frontiers through innovation, Huawei aims to inspire every user through intelligent experiences across all scenarios.

As one of the highlights of this launch event, the flagship tablet HUAWEI MatePad Pro Max will make its global debut. The HUAWEI MatePad Pro series has consistently delivered comprehensive experience breakthroughs with best-in-class productivity and creativity. This new device is Huawei’s best tablet yet, with a lightweight design, PC-level productivity, and PaperMatte Display, opening new possibilities for work, creation, and creative expression.

In the wearables sector, the HUAWEI WATCH FIT Series continues to gain widespread recognition from global consumers. By April 2026, shipments have exceeded 24 million units, setting a new benchmark in the fashion sports smartwatch market. The series offers a lightweight, comfortable wearing experience while providing professional sports guidance and health management features. At the Huawei Innovative Launch Event in Bangkok, the all-new HUAWEI WATCH FIT 5 Series will debut. It is set to become the ideal companion for users to express personal style, explore sports enjoyment, and monitor health around the clock. Additionally, this launch will introduce the HUAWEI WATCH GT Runner 2 Racing Legend Edition, specially designed for marathons with its upgraded data analysis capabilities to scientifically support every step of the run. Moreover, Huawei plans to unveil its first jewelry smartwatch designed in partnership with renowned international jewelry designer Francesca Amfitheatrof—the HUAWEI WATCH ULTIMATE DESIGN Spring Edition. Also making a grand return after five years is the next-generation premium kids watch, the HUAWEI WATCH KIDS X1 Series.

In the smartphone segment, HUAWEI nova 15 Max will deliver an upgraded experience for global consumers. Leveraging strengths in imaging technology, battery life, and reliable quality, it is an ideal companion for young people to capture life’s moments and unleash their creativity.

Now Is Your Spark— every individual can light up the world to drive change, and technology serves as the torch to ignite, connect, and amplify this force. By giving passion a voice, inspiration a purpose, and expression a stage, Huawei aims to empower consumers worldwide to write their own stories with innovative technologies.

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