Enable Accessibility

STEM & the Future of Tech

July 15, 2015

With the advent of interconnected devices on the Internet of Things (IoT) and tech systems, STEM education networks are hot. Is your business ready to attract future talent with infrastructure and training?

The rise in automation, artificial intelligence (AI), and the value of data demands skilled workers in the STEM fields (science, technology, engineering, and mathematics). STEM jobs are projected to dramatically increase over the next 10 years— 62% for biomedical engineers, 36% for medical scientists, and 32% for system software development.

STEM fields are driving the workforce and the economy.
Large industry leaders are backing STEM education with an intention of boosting the talent pipeline. Look at global tech company Cisco’s recent initiative with the Internet of Things Grand Challenge to promote and accelerate adoption of breakthrough technologies. The company awarded more than $550K to winners of the challenge, as well as mentoring, training, and access to business expertise.

The potential for opportunity and incentives doesn’t stop there.
Major colleges and universities support the need for a tech-savvy and educated workforce through STEM incubators and programs to prepare individuals for jobs. Public and private initiatives will continue to play a significant role in promoting STEM fields and related training to support this growing demand
for skilled technical workers.

What this means for your business:

> Attract the workers of tomorrow with internship and apprentice opportunities.
> Consider fostering partnerships that position your business to work with and develop up-and-coming talent from STEM fields.
> Be in tune with your team’s tech needs to apply the latest changes in technological systems and create efficiencies. Consider potential infrastructure, human resources, and process improvement needs as the company responds to tech tools.

Sterling National Bank is here to support your business’s growing needs. Contact your relationship manager or Client Services at 855.274.2800.