- A joint study conducted by
Cisco and the International Data Corporation states that there could more than 1.4 million new IT jobs available in India by 2027. - This would mean a 46% growth in employment opportunities derived from the digital sector.
- But even now 140,000 jobs are vacant in the IT segment due to underskilled graduates who aren’t ‘job ready’ flooding the market.
While employment opportunities may be aplenty 140,000 jobs lie vacant in artificial intelligence and big data analytics as of now according to a $4 that came out in July.
A 1.4 million increase in jobs would mean a 46% in growth in employment opportunities driven by digital transformation according to IANS. Leading the digital industry will the demand for professionals will skills in cloud solutions, followed by data analysis and big data.
Supply-demand mismatch
The Cisco-led report highlights that demand for these roles will be all the more paramount since there’s a shortage of available IT professionals with the required skill sets. Since IT organisations may find these roles hard to fill, it’s possible they may choose to implement in-house programs to train their existing employees.
Moreover, the availability of these jobs will determine how and where people work, especially taking into account India’s demographic dividend.
Nasscom’s report in July highlighted that while there may be a demand of IT professionals, there’s a link between the low employability rate of India’s $4 and the fact their skills are currently inadequate when it comes to actual application.
Basically, IT graduates may have the degree but they’re nowhere near job ready.
With the upcoming opportunities, it seems $4 that the $167 billion $4needs to invest in re-skilling their employees in order to fully $4 on new technologies.
The list of ‘Most Significant
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