By Robin Bhowmik, Chief Business Officer, Manipal Global Skills Academy
Post-pandemic, businesses in the IT sector were forced to change course and adapt as the speed of digital adoption skyrocketed. The sector noticed a general shift in consumer wants and purchasing patterns. Digital competencies like Java, cloud infrastructure, and platform technologies have become essential. With the widespread adoption of hybrid clouds, front-end back-end automation, and massive digitalization, there has been a rise in demand for new skills. Additionally, even skills are quickly getting outdated due to the speedy improvements.
Need for Upskilling
According to the World Economic Forum, adopting new technologies will need retraining for 50% of all workers by 2025. Over two-thirds of the abilities necessary in today’s job roles will change in five years. In 2025, a third of the necessary talents will be technology-related abilities that are not yet seen as vital to today’s employment needs.
The need for competent and motivated people increases as the IT industry develops. There will be a greater need for skilled IT professionals in the upcoming years. Therefore, the IT industry is constantly in search of qualified personnel.
To stay current in information technology, they must constantly develop new skills. These skills are mentioned below-
- FinTech: There are 687 million internet users and 500 million smartphone users in India. Banks and insurance firms have grasped the post-pandemic digital revolution and built a virtual presence in light of these facts. This trend has created a new universe of employment opportunities for Full Stack Developers capable of providing end-to-end financial services. Young people may enter the workforce and be at the forefront of the digital revolution by enrolling in a Full Stack Developer Program. After completing the course, you could begin working for an annual salary of about INR 8 lacs.
- Data Analytics: Data is an essential element of business growth and public welfare, particularly in India, the second-largest producer of data science jobs after the United States. Although our country has many work options, the demand for data analysts exceeds the supply. Data Analytics has emerged as one of the highest-paying IT occupations because of its lack, even at the entry level. A data analytics program will educate you on how to locate, categorize, assess, and grasp data so you can turn it into insights that can be put to use. You could commence working with an annual income of about INR 8 lacs after completing the course.
- Salesforce: Salesforce has created a significant amount of job possibilities in India. About 1.3 million Salesforce Developers are needed in India, and this need is rising daily. A capstone project unique to aggregators must be included in the Salesforce Certified Developer Program for students to guarantee that they obtain training in their business. You could start working with a yearly income of up to INR 8 lacs after completing the course.
- Cloud Computing: Research from Markets and Markets estimates that the global market for cloud technology will grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.5% over the projected period. One of the most widely used innovations is cloud computing, and people with the necessary skill set are in high demand. Most large and small organisations are moving to the cloud, which is driving up the need for jobs in the sector.
Other key avenues of growth include:
- Artificial intelligence
- Blockchain (and smartcontracts)
- Cloud computing
- Internet of Things (IoT)
- Open source, SaaS, and serverless architecture
- No-code and low-code
- Hyper automation