The recent layoffs in the IT industry hasn’t slowed the demand for skills in new technologies. In fact, the number of opportunities in tech employment is expected to increase by 12% by the year 2020. Most of these opportunities, however, will be available in the mainstream new age technologies like Machine Learning, Blockchain, Big Data, Artificial Intelligence, etc. Here are the top emerging skills that one should potentially look to transition into:
Blockchain developer: Blockchain development is the most in-demand skill set that employers are looking for, so much so that it has seen a 200% increase in job growth rates and salary hikes at 50-100%. Roles such as Blockchain developers, Blockchain system architects, Blockchain software engineers are supported by a significant number of job openings in top tier organizations like TCS, Wipro, IBM and Infosys.
Data Science: Data Analytics has significantly made rapid growth in India over the past few decades. Data Science market is predicted to become a 230 billion market by 2020, with an impressive growth rate of 11.7% CAGR. Although India has seen more than 400% rise in the demand for Data Science professionals across varied sectors, the supply for such talent witness slow growth. India is predicted to face a supply-demand of 2 lakh data professionals by 2020 according to recent reports.
Product management: There is a massive increase in the number of Product Manager jobs courtesy the start-up boom in the country. But it is also one of the most difficult positions to fill. Professionals from a tech or business background usually graduate to Product Manager roles.
Digital Marketing: With high internet penetration in the last couple of years, the digital marketing industry is seeing an exponential rise in India. Currently at a scale of INR 130 billion, India’s digital advertising industry is growing at 33.5% CAGR (2015-2020) and its value will exceed the INR 255 billion mark by 2020, with an estimated creation of more than 20 lakhs job in India by 2020.
Entrepreneurship: As per recent research, 83% of the Indian workforce would prefer to be entrepreneurs and 56% are considering leaving their current jobs to start their own business. There is a large and growing need to learn entrepreneurship owing to this entrepreneurial ambition and the Government’s push towards Startup India. Working professionals on the brink of starting up are also eager to learn skills such as idea validation, consumer research, financial planning, business modelling and so on. Moreover, professionals are keen on learning leadership skills to effectively run a business.