We live in an age of innovation and evolution. Technologies are evolving at breakneck speeds. It doesn’t take a rocket scientist to realize that IT professionals continuously need to keep their skills updated to stay relevant and keep up with the pace of change.
Current State of the IT Industry
According to a survey by Livemint, around 56,000 employees have been asked to leave in 2017 at 7 top IT firms, including the likes of Infosys, Wipro, Tech Mahindra and Capgemini. The report also forecasts an additional layoff of around 2 lakh software engineers annually over the next 3 years.
The much celebrated growth story within the IT industry appears to have finally come to an end. But has this downturn hit the industry all of a sudden? The answer is an emphatic no. Industry insiders saw this coming a long time ago but much of the advice went unheeded.
Why is Upskilling Required?
Among the confusion that has resulted from the huge layoffs and lack of growth, it is imperative that we look at the right side of things. It is a time for retrospection into our own skills and map out how our skills are relevant to the current market standards and industry trends. In most cases, we can figure out that the skills we possess are outdated and does not meet the current industry standards.
According to a survey, it was estimated that around 9 out of 10 fresh engineering graduates are currently unemployable! The only way to get through this difficult time is to upskill yourself to be at par with the latest technology innovations and market trends.
The major problem lies with the senior IT professionals who have been working in the industry for a prolonged time but with the same skill sets. So their skills currently don’t do justice to their considerably high salary packages and thus the industries are finding it hard to continue with them.
A NASSCOM report says up to 40 percent of the estimated 4 million workforce in India need re-skilling over the next five years to keep pace with automation and changing skill needs in various industries.
As daunting as it might sound, upskilling seems to be the only viable opportunity to save your IT career.
It’s not all Gloom for our IT professionals
It is worth noting that there are ample opportunities for professionals with the right skills and training in the emerging technologies like Big Data, Machine Learning, Automation, AI and cloud based domains. There is actually a shortage of professionals with the required skills in the above domains so it’s high time people update their skills to match the industry standards.
While low level and routine jobs like testing, bug-fixing and basic coding might get redundant with the advent of automation, there would be a demand for intelligent and high skilled professionals to control the automated robots. All this further stresses on the outcry for upskilling professionals in the IT industry.
The Way Forward – Upskill or Perish?
There has been enough impetus on the need for upskilling already, but the question remains as to what exactly are the possible options or technologies that would help to secure a future-proof career in terms of the required skill sets. Here are 3 most talked about and important technologies currently headlining the IT industry-
Automation– The use of automation is to streamline IT operations in a number of areas and facets. The purpose is to replace repetitive manual tasks, processes and workflows with automated solutions. So it is imperative that we get ourselves familiar with this technology so as to operate using the automated tools or they will inevitably replace the manual workforce rendering many professionals jobless.
Big Data– In simple terms, Big Data deals with the collection of massive volumes of data. It is therefore important to analyse these huge volumes of data to drive business for the company. This is why Big Data analytics generates massive importance as it uncovers hidden patterns, unknown correlations, market trends, customer preferences and other useful information that can help organizations make more-informed business decisions.
Machine Learning/AI- Machine Learning essentially means the ability of computers to learn without being explicitly programmed. With AI and machine learning, organisations can achieve massive advancements by studying patterns in data and building working models. Thus getting skilled on the above technologies will be a huge asset as it is ultimately responsible in generating revenue streams through business outcomes.
Visit our training portfolio to take up our courses offered on the above technologies and much more to keep you ahead in the curve.
It is actually an exciting time to be part of the IT industry in India. While recent developments have tempered expectations somewhat, with the right investment into upskilling, IT professionals can flourish in the IT industry for years to come.