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Yet another month has passed in what is arguably the best year for job and career trends in the IT industry and the industry trends are still surprising, to say the least. For those of us who have missed these subtle, and sometimes massive developments here’s the next edition of Edureka Career Watch, the series that hopes to help you take the next greatest call in your career.
So, without further ado, let’s dive into the top stories related to career and job trends in the IT industry for this week.
Amid the crisis for high-cost digital skills, IT companies in India are tightening salary budgets and are increasingly leveraging variable pay for high performers and niche skills. A good example of this can be found from the fact that global tech behemoth Infosys recently delaying the appraisal for a section of senior and mid-level management employees. According to experts, companies have now started leveraging the variable pay model in middle management and building new ways to implement this including project-based assessment et cetera. This development will lead to a lower overall increase in the salaries of working professionals as a whole.
The salary budget development only shows that employers are starting to give more importance to niche and expensive skills.
via Economic Times
Up-skill yourself today to ensure you don’t miss out on your next appraisal because of your skills.
A recent report by Gartner points towards the fact that the number of enterprise projects that employ artificial intelligence will more than double by the end of this decade. The survey of 106 Gartner research circle members shows that companies that have already adopted AI have at least four projects underway and will likely bring this number up to ten by the end of 2020. This development shows that companies heavily shifting their focus towards customer experience. A growing concern here is the skill gap in the domain of artificial intelligence and machine learning.
Jim Hare, research vice president at Gartner said regarding the skill dearth in AI, “Finding the right staff skills is a major concern whenever advanced technologies are involved. Skill gaps can be addressed using service providers, partnering with universities, and establishing training programs for existing employees.”
In a trend that builds on top of the predictions made by several independent sources over the course of the last couple of years, clients of tech giants including TCS, IBM, and Wipro have started adopting blockchain solutions at an accelerating pace in live projects. This is a huge shift from earlier methodologies where the crypto-based technology was just used for proof of concept or pilot projects. Based on trends like these, spending in blockchain solutions has been projected to be at a whopping $2.9 billion globally this year.
Blockchain, if you didn’t know already is definitely going to be a foundational pillar in the way IT companies function and the revolution has begun.
Learn Blockchain today to take full advantage of the latest Web Revolution.
South Africa’s economy is not ideal but despite this, several IT giants are looking to hire a massive number of professionals. The big names in the list of employers looking to build bases in the African country include Nedbank, Discovery, FlySafair, Deloitte, Amazon, Barclays, JP Morgan, and Ford. These big brands operating in several different spaces are looking for tens, if not hundreds of potential employees in order to strengthen their grasp in South Africa. The job postings published by these companies vary in both domains and experience levels. So, if you are looking to build a lucrative career in a developing economy but at a tech conglomerate, this is the perfect opportunity for you.
via Business Insider
Robotic Process Automation is the next big thing, no doubt about it. The process automation technology has been making headlines all over the web this year, also being rated the most in-demand technology by several independent sources. Adding to the hype, Mphasis recently reported that they have been able to slash transaction handling time from 30 minutes to a mere 20 seconds using RPA. This is all thanks to a proprietary bot called ‘Ask Dexter’ that uses the conversational approach to lower responses time to user queries.
The latest RPA trends are all pointing towards an increased adoption rate across industries which will lead to thousands of new opportunities for professionals.
Up-skill yourself now to cut the queue and get hired at giants like Mphasis.
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These were the major news stories related to job openings and career trends in the market this week. If you have any questions, suggestions or there are any specific topics you’d like us to cover, feel free to hit us up in the comments section below. Edureka Career Watch will be back next week with the top stories that you need to know. So, make sure you are subscribed to our blog through the subscription button below and never miss these important updates.