Re-Skilling Efforts To Continue In IT Sector: Nasscom
At a time when India’s IT industry is suffering from a growing skills gap and issues like automation, Nasscom, in its recent HR Summit looked at talent strategy for future and the consistent efforts that the industry is making to create opportunities for skilling and re-skilling of talent. The two day summit which kick-started in Chennai with the theme - “The times they are changing,” encompasses discussions on the existing trends, challenges and industry-readiness to take them on, and to identify the trends and predictions for the next five years.
Talking about the skills imperitive in the IT sector, Nasscom President, R Chandrashekhar, said, “Tech shifts happenings are the most profound and reshaping lives and businesses across the world. The Indian IT industry is not only driving the change but is also reorienting itself to `As-a-Service-Economy’ business model. Automation is a global inevitable force and it will take time for any industry settle. In the current scenario, at an industry level, growth must outpace impact of automation. And therefore, re-skilling & up-skilling combined rigorous performance appraisal and workforce realignment should be the top most priorityfor employee retention and professional growth.
He further added that, “Increasingly, opportunities for technically skilled personnel is spreading across sectors, where a combination of technology skills, domain knowledge and soft skills is needed.”
Nasscom also announced the winners of Digital Skills Awards 2017 to highlight the initiatives undertaken by technology firms to develop digital capabilities among existing and future workforce. For example, Infosys through its Digital Academy, created programs on domain and emerging technologies for future needs. The IT major delivered 58,000+ training days in a year with 143,000+ employees spread across geographies having 680+ full time educators and 39 behavioral training experts approachable to the employees.
Another tech firm, iNautix Technologies’ Digital Pulse, a Platform to Connect, Collaborate, Contribute, where 644 employees trained on the new platform– cloud, data analytics, app development in last one year.
L&T Technology services conducted transformation program for Digital Re-skilling that offered personalized individual training plan that trained 1700 employees trained on digital skills, 164 SMEs used for various training sessions, 200+ digital training sessions last year.
Mindtree’s ‘Digital Engineers for Tomorrow’ program empowered employees of Mindtree minds with Digital skills. The result was 50% of candidates in Mindtree touched at least one Digital Skill that is required today.
The Nasscom Digital Skills Awards invited case studies from companies that highlighted how technology firms in India are developing relevant technology capabilities such as Big Data, IoT, Machine Learning Cloud Computing and Cyber Security within the workforce. These companies were judged across 5 broad parameters: Leadership involvement, Infrastructure (learning platforms), Training content, Impact of these programs in terms of number of people trained and Return of investment (internal & business).
The government has projected that Indian digital economy will become USD 1 trillion by 2022 from around USD 450 billion digital economy at present. As of now, the Indian electronics market is estimated to be around USD 100 billion, IT sector USD 150 billion, telecom USD 150 billion, e-commerce USD 30-40 billion and rest is estimated to be size of shared economy like taxi hailing services, start-ups etc.
The National Skill Development Mission has given Indian IT industry the right platform to assist in—and reap benefits of—upgrading the technical prowess of the country’s talent pool. It was also projected that the digital economy will generate 30 million employment opportunities by 2024-25, which is double than the current scenario. In such a senario, helping companies with their reskilling efforts and encouraging them to scale up is a key priority of Nasscom.
- Accenture, Israel Consulate And Nasscom launch 'scalerator'
- CXOs Struggling To Turn Digital Strategies into Performance
- Home Is Where IoT Is: Life In A Smart House
- For Most Firms, Digital Workplace Is Still Distant Dream : Gartner
- The Digital Messiah: Inside Accenture's Innovation Hub
- How Robo-Advisors Are Disrupting Financial Services
- Edge Computing Drives Internet Of Thing's Growth: Study
- Embrace And Adapt, The New Mantra For Digital Enterprises
- How Businesses Can Generate Insights From IOT Devices
- Iris Global On Expansion Spree; Ventures Into India's Cyber Security Biz