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Supply & Demand of IT Resources

When it comes to IT expertise, India seems to have the world’s smallest demand-supply gap, according to NASSCOM president Debjani Ghosh. “India has the world’s smallest supply gap, at 21.1%.” “We have 1.6 million leading technology talent,” Ghosh said. She disclosed that the Indian IT sector is worth $200 billion, with a $30 billion net addition. According to her, the tech industry’s products and services carry the potential to surpass $300-350 billion in the coming years.

There is no doubt that technology is and has been a booming sector of employment in India. If these recent studies are any indication, the sector will only continue to expand.

For people working in the tech sector, it’s more crucial now than ever before to upgrade their skills. They must stay at the top of their game to ensure that they reap the maximum benefits of this technological boom.

Here’s a list of the top sectors in IT that are in demand right now and will continue to be for the next several years to come.

Data Science

It denotes scientific techniques, systems, processes, and algorithms for extracting insights and information from unstructured and structured data. Data Scientists collect, clean, and present data to businesses and organizations so that they can make educated choices. The supply of resources in this space is quite limited in India at the moment. On the other hand, demand is at its peak.

Cloud Computing

Cloud computing is the use of the internet to store and access computing capabilities such as databases, applications, servers, connectivity, and analytics. It enables businesses to store applications and files on remote servers rather than the local hard drive and access them via the Web. The supply of resources is adequate in this space as it has been around for a decade now. The demand for resources is also adequate. Good opportunities exist for the right people.

Artificial Intelligence (AI)

The rationality exhibited by machines is referred to as artificial intelligence. AI experts work on creating machines that are conditioned to think like people. AI has been around in India for few years now. The undergrad courses with AI specialization has lead to cater to the demand in this space with right skillset.

Blockchain

The blockchain is a digital record of exchanges that is replicated and shared countless times across a number of computer networks. It’s the system of capturing data in a way that makes changing or hacking the system hard or impossible. The demand is high in India, but the supply of resources is low as it blockchain was mostly related as crypto currency technology initially.

DevOps

DevOps is a collection of tools and techniques that integrate software engineering and IT functions to reduce the time it takes to construct a system. DevOps specialists work on developing software and testing code releases to ensure that everything runs smoothly. The supply and demand in this space are quite balanced like the Cloud Computing space.

Augmented Reality (AR) and Virtual Reality (VR)

AR and VR are innovations that connect the physical and virtual worlds. These systems allow users to view content and information visually, similar to how they see the world. This is new in India and the demand is very high. The skills are just being imparted to the right people to meet the growing demand.

Robotic Process Automation (RPA)

RPA, in a nutshell, is the process of developing an application robot to computerize any repetitive workflow. It allows you to automate any repetitive and routine office job in just about any industry. Automation actually removes jobs, but the right skilled people are in demand to implement automation across the organizations.

We at Microgreen, can help you with your IT staffing in the above technologies with ease. Feel free to write to info@microgreentech.com.