Indian IT firms facing talent crunch in emerging business areas
Added On:7/2/2012 11:25:00 AM
With the increasing focus on emerging technologies which are beyond traditional software development and maintenance business, Indian IT firms are facing talent crunch.
It is reportedly said that the new areas such as cloud computing, analytics and big data are being identified as the new growth frontier for Indian IT firms. However, skills required to carry out these business strategies in are in short supply.
According to an industry research firm, analytics and big-data skills do not exist in adequate numbers in the industry right now because individuals are lacking mission critical skills. Another factor behind the talent crunch is the recession, resulting many organizations chose to let the talent go.
To avoid talent scarcity, top IT firms are spending a lot of money and time on training employees on emerging skills including mobile applications, Cloud data.
Market experts added, while talent cannot be 'manufactured' in the short term, a robust workforce strategy can help an organization to find talented people.
Latest stats revealed, the Indian IT industry is projected to more than double in size to $225 billion by 2020. So, it is quite obvious that Indian IT firms are betting big on cloud, mobility and big data to dominate growth in near future. To the readers surprise, in 2012 alone, worldwide spending on cloud services and enablement spending is likely to record $60 billion, which is presently growing at the rate of 26 percent.
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