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07/10/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The shortage of skilled workers in information technology (IT) has been a serious problem for companies around the world for years. The demand for highly qualified IT professionals is enormous, while the supply of suitable applicants is scarce. But there are solutions to counteract this problem and find the perfect employees for your company.

One way to address the IT skills shortage is to recruit talented and qualified candidates abroad. Due to globalization and the digital age, finding and hiring international talent is easier today than ever before. With the right resources and tools, companies can search candidate profiles and identify candidates with the skills and qualifications they need.

Another effective solution is to increase collaboration with educational institutions. By building close relationships with universities, colleges and technical schools, companies can establish early contact with promising young talent. Internships, mentoring programs, and scholarships are all ways to attract young talent and get them excited about a career in IT.

In addition to recruiting from abroad and working with educational institutions, companies should also invest in the training and development of their existing employees. Targeted training and education can help employees expand their skills and adapt to new technologies and trends. This not only helps to alleviate the shortage of skilled workers, but also strengthens employee loyalty to the company and increases employee satisfaction.

In addition, companies should use innovative ways to reach out to potential applicants. This includes using online job boards, social networks and professional networks such as LinkedIn. Creating an attractive employer brand and highlighting the benefits and development opportunities your company offers are important factors in attracting qualified IT professionals.

Another approach is to work with third-party recruitment agencies that specialize in the IT industry. These agencies often have access to a broad network of IT professionals and can assist in identifying and selecting qualified candidates. By taking over the entire recruitment process, companies save time and resources.

Overall, addressing the IT skills shortage requires a comprehensive and holistic approach. Companies must proactively search for talent, develop their workforce and explore new ways to recruit. By combining these measures, companies can find their dream applicants and strengthen their IT team with highly skilled professionals.

The skills shortage in IT is undoubtedly a challenge, but there are ways to overcome it and find your dream applicants. One strategy that has proven successful is creating attractive working conditions and incentives for potential applicants.

Flexible working hours, the option of a home office, attractive salaries and benefits such as continuing education opportunities or company pension plans are just some of the factors that can attract professionals to the IT industry. A pleasant working environment, a good work-life balance and the opportunity to work on interesting and challenging projects are also important aspects that applicants take into account.

Another way to find your dream applicant is to be actively present at networking events and professional conferences. There, you can meet potential applicants in person, make contacts and promote your company. In addition, you can be active in the IT community by participating in open source projects, publishing professional articles or participating in discussion forums. This will increase your visibility and attract talented professionals.

Collaborating with IT experts and recruiters can also be helpful. These professionals have extensive industry knowledge and a wide network of IT professionals. By working with them, you can make your search for qualified candidates more focused and effective.

In addition to sourcing candidates externally, companies should also strengthen their internal talent management. Identify promising talent within your own company and encourage their further development. Through targeted training and promotion opportunities, you can encourage your employees to develop their skills and commit to your company for the long term.

Another option is to work with educational institutions to develop the next generation of skilled workers. Through internships, dual study programs or cooperation with universities, companies can establish contact with promising IT talent at an early stage and retain them in the long term.

Not least, companies should review their own corporate culture and values. A positive corporate culture that promotes innovation, creativity and teamwork can help attract and retain talented IT professionals over the long term.

The IT skills shortage is a challenge that companies should not ignore. However, through a combination of targeted recruitment strategies, attractive working conditions, internal talent management and an active presence in the IT community, you can find your dream applicants and strengthen your company with highly skilled IT professionals.


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What are common sources of failure for female founders?

07/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Insufficient financial knowledge: Many female founders do not have sufficient financial knowledge to make the right investment decisions.

2. Insufficient network resources: female founders often have less access to information sources, support networks and financing opportunities than male founders.

3. Insufficient market knowledge: Female founders often have less experience dealing with customers and little knowledge of the market in which they offer their products or services.

4. Inadequate work-life balance: female founders often have less time for their families and their own health because they invest more time in their business.

5. Inadequate business management skills: Female founders often have less experience in dealing with employees, budgeting and business management.

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Writing a Press Release - These Steps will get you into the Press

04/20/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A press release is an important tool for attracting the interest of journalists and editors and for reaching a wide audience. A well-written press release can raise a company's profile, announce a new product or promote an important event. Below are steps to help you write a successful press release that can get into the press:

Step 1: Define target audience and message

Before you start writing, be clear about your target audience and message. Think about who your target audience is and what kind of message you want to convey. If you're announcing a new product line, your audience should be consumers and industry professionals. If you are making an important announcement, your audience may consist of the media and the public. It's important to make your message clear and concise.

Step 2: Choose writing style and format

Your press release should be written in a clear, simple style and focus on the most important information. Avoid jargon and use short sentences and paragraphs. Start with a strong headline that grabs readers' attention and put the most important information at the beginning of the text. Use a standardized format consisting of a headline, sub-title, introductory text, body text, and contact information.

Step 3: Refine your message

In your main text, you should describe your message in more detail and highlight important facts, figures, and details. However, avoid going too deep into details as you might lose your readers' attention. Focus on the most important points and make sure you present your message in an understandable and interesting way.

Step 4: Check facts

Before you publish your press release, make sure all the facts are correct. Check all the numbers, dates and facts and make sure you are not spreading false information. It is also important that you correctly spell the names and titles of all people mentioned in the press release.

Step 5: Headline and image selection

Your headline should be short, concise and meaningful. It should pique the reader's interest and encourage them to read the text. Also use appealing images or graphics to support and enhance your press release.

Step 6: Dissemination

Once you have written your press release, you need to distribute it to relevant media and journalists. There are several ways to do this, such as using press portals, contacting relevant journalists, or publishing directly on your own website.

One way to distribute your press release is to use press portals. These provide a platform where companies can publish their press releases and journalists and media can access them. These include, for example, press portals such as PR Newswire, Mynewsdesk or PresseBox. These portals allow you to send your press release to a large number of journalists and increase your reach.

Another option is to contact relevant journalists or editors. For this, you should create a list of journalists who might be of interest to your target group. You can research these via social networks such as LinkedIn or Twitter, for example. Make sure you only contact journalists who might actually be interested in your topic to avoid being perceived as spam.

You can also publish your press release directly on your own website. For this, you should set up a dedicated section on your website where you publish all your press releases. This way, interested parties, including potential customers, can easily find your latest news and announcements.

Step 7: Follow-up

It's important to keep track of the contacts you've reached with your press release. Think about how you can continue to keep your contacts in the loop to maintain interest in your company or organization. For example, you can start an email campaign to keep your contacts informed of future developments.

Conclusion

A well-written press release can help generate interest from journalists and editors and reach a wide audience. It's important to define your target audience and message accurately in advance and focus on the most important information. By using a clear writing style, appealing images and graphics, and fact checking, you can create a successful press release. By using press portals, contacting relevant journalists or publishing on your own website, you can increase your reach and spread your message in a targeted way.

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What is a forecast model?

04/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A forecasting model is a statistical method or mathematical model based on historical data and trends to predict future events or developments. Such a model can be used to predict, for example, the demand for a product, the future value of a stock, or the outcome of an election or sporting event. Forecast models can be based on various techniques, such as time series analysis, regression analysis, artificial neural networks or decision tree methods. The quality of a forecasting model depends on how accurately it can represent past trends and developments and how well it is able to take into account unexpected events and changes that may affect future developments.
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How to find customers for your products and services

03/09/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several ways to find potential customers for your products and services. Here are some steps you can take:

Define your target audience: Identify your potential audience by considering demographic and psychographic characteristics. Who are your ideal customers? What problems do they have that your products or services can solve?

Create a marketing strategy: Determine which marketing channels you want to use to reach your target audience. This can include, for example, social media marketing, email marketing, search engine marketing (SEO and SEA) or influencer marketing.

Use social media: Use social networks such as Facebook, Twitter, LinkedIn or Instagram to reach your target group and draw attention to your company. Create a company page and post interesting content regularly.

Offer Free Trials or Trials: When you launch a new product or service, offer free trials or trials to attract potential customers.

Publish customer reviews: Publish customer reviews on your website and social networks. Positive reviews can convince potential customers to try your products or services.

Network: Attend industry events and connect with other companies.

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