How IoT Is Transforming Indian Job Market

One sector which has been the most affected in the weak job market and evolving technologies, it is the IT sector. Skill demands are changing rapidly and job growth has been slow, merely 5-6 percent.

Job Opportunities

Although being overcrowded, IT is still relevant across all industries, including banking and healthcare. IoT will bridge the gap between different verticals, creating an environment of greater interconnectivity among sectors with IT and digital technology being the common link.

Ketan Kapoor, CEO & Co-founder, Mettl shared, “The IoT space is booming in India with about 65 percent of Indian start-ups working on it. The government is working to lay out regulations for machine-to-machine (M2M) communications. Once that happens, the sector will truly take off, and job opportunities will follow for those who have the necessary technical knowledge and practical skills.”

Reforms to be addressed

Between the rise of automation and Indian tech service companies, new jobs continue to be created, although at a slightly slower pace. However, these new jobs require higher skills and therefore, reskilling is crucial to the industry.

He added, “The gap in the academic curriculum and the industry requirements has been the biggest issue for the IT/ITeS industry in India. The lack of hands-on experience among IT professionals is a major reason for the slow growth in the sector.”

Tech employees need to pick up new skills related to the automation domain with technological advanced markets across the world. Companies also need to integrate reskilling into their learning and development program to prepare them for redefined job roles.

The way forward

Companies need to ensure that new employees hired meet organisation’s needs and possess the required technical skills to fulfill a specific job role. Companies can conduct certification and training programs to equip new hires with relevant skills and make sure they meet their true potential.

Tech companies today want IT professionals to be well-versed with technology like machine learning, augmented reality, virtual reality, artificial intelligence, and Internet of Things.

Ketan Kapoor added, “In order to keep up with these evolving market needs, IT companies need to adopt a more practice-centric approach to training employees. Moreover, while traditional IT services will continue to be in demand, companies need to focus on providing assessment services which are data-driven and competency mapped digital technology services.” 

Evolving demands

The rapidly evolving IT sector demands a range of skills from professional to meet the ever-increasing demand for digital services. Knowledge of data science and analytics, Python, Scala are among the top skills in demand at present.

Additionally, new-age technological tools such as machine learning and IoT are in huge demand as digital services companies as well as equipment manufacturers look to tap into the younger consumerdemographic segments.

Rajguru Tandon

BW Reporters The author is a correspondent with BW Businessworld with keen interest in HR and employee welfare.