Tuesday, 7 March 2017

Working in IT/BPO sector? Your job may be at risk

NEW DELHI: Throughout the world, jobs in Information Technology (IT) sector are at risk. The reason is automation trend rising in IT and advanced technologies. On top of this, Indian IT companies are finding it hard to re-skill their employees, some says half of them are non-trainable.

Global advisory firm McKinsey says in a report presented at Nasscom India leadership forum last month that nearly half of the IT workforce will become irrelevant in next 4-5 years.

"A lot of the workforce is re-skill-able. I am not very pessimistic, but there is a challenge," said Srinivas Kandula, Country Head, India, Capgemini.

Though Indian IT companies are spending huge amount in re-skilling their employees, the mid-level group is the most resistant one and are the ones at larger risk.

So, it looks like, one has to be competent in upcoming technologies which are bringing in revolution to industry via Machine learning, Big Data, Cloud, Artificial Intelligence.

“The talent gap is largely overemphasized and I do not think we should worry about it. The engineering skills, the analytical skills and the talent we have is world-class and recognised, and every single employee is performing in a highly competitive environment,” said N Ganapathy Subramaniam, President, TCS Financial Solutions.

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