There will be 2.5 lakh openings in the IT sector up for grabs this year but the irony of it all is that there aren’t enough engineers to man these jobs. The rapid evolution of technology has left a large number of techies not skilled enough to do the high-end work that companies want. Suresh Bethavandu, V-P and global head (talent acquisition) at Cognizant, confirms that while demand for new-age digital skills is high, supply is tight.
Nasscom estimates that nearly 40% of the country’s workspace needs to be reskilled if they are to work in the artificial intelligence (AI), internet of things (IoT), machine learning and blockchain spaces. But worryingly, HR experts say very few engineers can be brought up the curve to take on the assignments in the AI, IoT and cybersecurity spaces.
With the numbers of the not-so-skilled growing, firms are asking HR experts to place them in other sectors. One can’t blame them since new technologies — analytics, cloud computing, IoT — are increasingly bringing in more business. Not exploiting these opportunities could be ruinous. So, while the traditional application development, maintenance (ADM) and verification segments, may be the bread and butter today, the growth in these segments is slowing.
Cognizant’s Bethavandu said in the last 18 months, his firm has reskilled and upskilled 1.4 lakh associates across a host of areas — cloud, AI, data science, design thinking, cybersecurity, interactivity and gamification to name a few…..Read more>>