14 Lakh New IT Jobs

 

According to a Cisco-led study technologies such as cyber security, Internet of things (IoT) and Big Data, India will generate over 14 lakh new IT jobs by 2027.

Some of the jobs that will gain currency in the coming future will be social media administrator, Machine Learning (ML) designer and IoT designer,computer vision engineer, wireless network specialist, embedded system programmer, AI research scientist, language processing specialist, migration engineer, RPA developer and cloud architect.

Of the 9.1 million IT job positions in India in 2017, 5.9 million job postings were for new-age roles. Globally these new-age jobs will add more the 5 million jobs by 2027.

This represents a whopping 46 per cent growth in jobs primarily driven by essential digital transformation skills that organisations are seeking today, said the global networking giant Cisco who commissioned International Data Corporation (IDC) to conduct this study.

As per the report, about 89% of hiring managers preferred candidates having certifications, while 88% of customers experienced an improvement in the level of service and support to end users.

The study also showed that nearly a fifth of employees self-funded their certification courses while about 50 per cent of them underwent some training in 2017.

The future of jobs India will be determined by the country’s response to the inevitable impact created by the interplay of three primary forces — globalization, demographic changes, and the adoption of Industry exponential technologies by the Indian industries.

The impact of these three primary forces is expected to be disruptive on sectors such as IT-BPM and BFSI and relatively lower on core manufacturing sectors such as apparel and leather.

The Cisco findings reiterate the same sentiment as was evinced by IT industry body Nasscom. Nasscom had highlighted in July that nearly 1.4 lakh jobs are vacant in the Artificial Intelligence (AI) and Big Data Analytics segment across various sectors in the country, out of the total demand of 5.1 lakh employees.

NASSCOM had conducted a comprehensive study with the Boston Consulting Group to identify eight technologies, poised to grow tremendously, both nationally and globally, in the coming decade, along with associated 55 job roles and corresponding skills required for those technologies.

There is no doubt that the IT-BPM sector will undergo a transformative change in the next few years.In such a scenario, 97 percent of the respondents view reskilling as a key initiative to be prepared for tomorrow.

Similarly, of the 4.5 million jobs in 2022, some 60-65 percent is expected to undergo change.

Some of the roles that would witness a change are:

  • database administrator into database based service analyst
  • software developer/designer into UX designer
  • data mining/warehousing expert into data analyst
  • marketing manager into digital marketing manager.
  • The new forms of employment would include contract employees in the infrastructure sector, micro-entrepreneurs, employer-entrepreneurs in technology-enabled models (like freelancers, SME artisans, delivery workers, employees in start-ups) and employer-entrepreneur models in the agriculture sector.

The launch of smart connected products/services, the creation of highly optimized supply chains, business innovations, demand for resourceful planet and sustainability and new work arrangements are the forces can be used to make the best sense of the future.