Top 5 Demand Tech Skills for Technology Careers
Technology is essential for all aspects of our lives, including communication, online education, remote work, and even daily necessities. These interactions, when combined, are a rich source of data that can be used by organizations to help them plan their business strategies. This shift in demand for skilled labor has been caused by the rise of new industries and technological capabilities.
India has successfully tapped into the first wave of IT demand, but the fast pace of technological change means that the sector will need to continue to reskill its workforce to address the skill gap. This list contains the top five tech skills that professionals and fresh graduates can learn to make a career out of IT.
Over the past few years, artificial intelligence (AI), has seen a tremendous increase in its scope. Organizations from all sectors are now looking to take advantage of AI applications. AI is changing the operational, strategic, and functional landscapes of many businesses. A vibrant and active AI talent ecosystem is essential due to the rapid growth of AI companies as well as the automation of jobs.
According to NASSCOM India will need around 800,000 AI professionals by 2021. But, at the moment, we expect to have only 570,000 professionals who are skilled in these skills by 2021, which will create a huge skill gap. IBM India, Accenture, 24/7 Customer, Nvidia Corporation, Hewlett-Packard, EY, Genpact, Amazon, eClerx Services, Capgemini were the top 10 companies that contributed to the demand in India for AI professionals. They offered a median salary of INR 14.7 lakh.
The exponential increase in data volume and complexity over the last decade has seen an increase in the use of analytical tools within database. This data is being used by organizations to gain insights from consumers and networks. However, the analysis of this data can also be used to drive major business decisions. Despite the downturn in India’s job market, there is still high enthusiasm for data science and analysis functions.
A recent report found that 93,500 jobs in data science were unfilled in India at the end of August 2020 due to the lack of qualified talent. BFSI, logistics, and e-commerce are still looking for top-rated talent to fill lucrative roles such as analytics specialist, data scientist, decision science manager, business analyst, and analytics manager. These positions are considered the best and most lucrative jobs in the future. They offer the highest median salaries, which range between INR 13-155,000 globally.
Cloud computing is the most transformative technology and has gained considerable momentum since 2010. Due to the pandemic, many organizations are migrating to cloud computing from traditional applications. This is driving the demand for these jobs to grow rapidly.
According to recent reports, India will see more than 1,000,000 cloud computing jobs by 2022 as more companies shift to cloud infrastructure. Cloud application developers, cloud network engineers, and cloud automation engineers are all in high demand. Based on their skills and experience, cloud professionals can make anywhere from INR 45,000 to INR 35,000 per year according to the salary survey.
Information security has been a top-level concern since 1989 when the first virus attack occurred. With the increasing threat of cybercrimes, data breaches, and leaks, the need for highly skilled information security professionals is growing with each passing day. According to the New York Times, a Cybersecurity Ventures study found that cybersecurity jobs demand will rise dramatically and there will be 3.5 million vacant positions by 2021.
The global in-house centers (GICs), along with other top organizations such as Deloitte and KPMG, EY, PwC, and Amazon, Paytm, Accenture, to mention a few, are hiring professionals for security engineers, pen-testers, and security analysts with an average increase of 15-20 percent in the average salary. This domain will likely see steady demand, and skilled workers here will be able to take advantage of the job opportunities.
This was originally introduced as a concept for a technical backbone to the digital currency. The integration of Blockchain technology is now seeing major demand in various sectors, including banking, healthcare, and public administration. Although India is still in the early stages of exploring blockchain technology, there is huge potential for its use. The global spending on blockchain solutions will grow from 1.5 billion in 2018 to 15.9 billion by 2023.
Nearly all industries are increasing their efforts to increase their value and this is fueling demand for positions such as Blockchain developer, a software engineer for blockchain, and system architect for blockchain. For corporate giants like JPMorgan Chase and IBM, as well as Amazon, JPMorgan Chase, and Microsoft, blockchain has become a major business line. A blockchain developer in India can expect a salary package of between INR 2 lakh and INR 10 lakh.