Artificial Intelligence, Machine Learning And Blockchain To Boost IT Jobs
Indian IT flexi-staffing industry is projected at $5.3 billion by FY 2021
Photo Credit :
Newer technologies like AI, Machine learning or blockchain will together boost the IT staffing industry creating new jobs. According to ISF report on IT Staffing Industry Landscape, Karnataka, Maharashtra and Delhi NCR are the top 3 states that dominate the IT Flexi Staffing Industry in India. Karnataka dominates the IT Flexi Staffing market standing at $1.05 billion followed by Maharashtra at $0.48 billion and Delhi NCR at $0.23 billion.
With the rise of technologies such as cloud computing, artificial intelligence, IoT, Big data and machine learning, the demand is growing for new technology-based services. Mobility and cloud computing each standing at 63 percent are in maximum demand followed by cybersecurity at 53 percent and analytics at 51 percent - they comprise the top technology drivers across organisations for their proficient functioning.
Big Data will drive growth in BFSI and Retail whereas IOT will drive growth in the Manufacturing sector.
Rituparna Chakraborty, President, Indian Staffing Federation, said “Organisations across sectors are increasingly opting for flexi- staff due to their flexibility and deep expertise in niche technologies. About 58 percent of organizations have been hiring IT Flexi Staff for their niche skillsets. Perhaps, the IT Flexi Staffing Industry is expected to observe a paradigm shift in demand and revenue of Technology Domains. New Product Development is estimated to have the highest revenue and demand growth rate because of constant innovations and requirement of niche skillsets.”
Suchita Dutta, Executive Director, Indian Staffing Federation, said- This edition of the IT Conference will help understand the impact of newer technologies across sectors and how AI, cloud computing and Machine learning will redefine the world of IT in the near future. Considering these factors, The Indian IT Flexi staffing industry is projected at $5.3 billion by 2021.
Suchita added, “As an enabler of the IT industry, Indian Staffing Federation and its members are contributing for a better mobilization of employment across the technology and trend cycle. We and our members have been providing just in time support on projects acting as the backbone in imparting skilled human resources and other essential issues of capacity building.”