The Top Trends That Tech Aspirants Should Be Ready For In 2023
Over the past four decades, the Indian software industry has matured from providing cost-effective back-office support to becoming one of the mainstays driving the digital transformation agenda of most leading global companies. The high rate of digital adoption among businesses and the growth and maturity of emerging technologies have significantly increased the opportunities available to the country’s emerging workforce.
With the advancement of emerging technologies like AI, blockchain, cloud computing and edge computing, there has been a major shift in the approach by the industry towards evolving a model of ‘continuous learning’ for the skills required at various levels of deployment. This has in turn significantly increased the number of professional opportunities that are available to tech aspirants.
A few of the major tech trends that aspirants should keep in mind, and adapt to, if they wish to make the best of these opportunities are as follows:
AI Has Become A Norm
Digital adoption in the past couple of years has placed Artificial Intelligence at the center of all business operations. AI-augmented automation will provide a much-required increase in productivity and deliver enhanced business value. AI-based algorithms that enable all businesses to leverage their power for intelligent process automation, and to create more intelligent products and services, will become a reality across all industry segments. In the past, AI-powered chatbots using RPA (Robotic Process Automation) could only process structured content, which was predominantly used to minimize human efforts. This limitation has been overcome by using Intelligent Process Automation, which can handle unstructured data and text and make the human-computer interaction seamless by harnessing both NLP (Natural Language Processing) and RPA for integrating and managing digital processes.
It is beneficial to master at least one machine language to begin your journey in the field of AI. The market for AI is expected to reach approximately USD 8 billion by 2025, making it one of the major areas that would generate opportunities for the Indian youth.
The Potential Of Blockchain
Blockchain came into the limelight in the last decade, creating a lot of hype as the backbone of digital cryptocurrencies. However, in the current digital era, its new uses have outnumbered what it was initially known for. It now has multiple applications in areas like Healthcare, Logistics, Media, Smart Contracts, Personal Identity Security, Non-fungible Tokens (NFT’s) and more. Blockchain technology becomes an invaluable tool in the economic sector as the user can directly access and conduct transactions without the help of a third party. Multiple features like trust, immutability, reliability, and privacy give it an edge that can be beneficial across industries.
With an expected global CAGR of over 56 per cent in the current decade, the growth opportunities are expected to be substantial. For those who would want to make a career in this segment, it would be good to be familiar with certain skills like programming, (Java, C++, Python, etc.), data structures and architecture, cryptography, and cybersecurity.
Cybersecurity
As per a McKinsey report, organizations around the world spent over USD 150 billion in 2021 on cybersecurity alone. The survey also goes on to suggest that the threat volume is expected to almost double from 2021 to 2022. Small and midsize businesses are allegedly more susceptible to existential threats than large enterprises. With the vast amount of data created and exchanged between the smart devices that we use in our personal and professional lives, improving their security capabilities will be a top priority for these companies’, paving the way for many opportunities in the cybersecurity domain. The use of cognitive AI in cybersecurity now helps in detecting and analyzing risks while also providing analysts with information to help them make better judgments.
The past year has also been one of the worst ones from a cyberattack perspective for India. For organizations, this has made testing security systems and implementing solutions that respond to security incidents a critical part of improving their cybersecurity and creating a safer cyberspace.
This is also another area that will create plenty of opportunities in 2023 and beyond. Skills like Networking and Systems Administration, Network Security Control, Cloud Security and the like will help aspirants looking to enter this segment.
Hiring processes and priorities have significantly changed over the past year, with organizations increasingly seeking to fill tech roles with candidates who possess in-depth knowledge of their selected domain and who demonstrate a willingness to adapt to the ever-shifting technological landscape of the future. As Alvin Toffler states, “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.” One of the changes that has been observed in the technology segment during the pandemic has been a shift from the conventional model of hiring to skill-based hiring, which gives the youth the opportunity to unlearn and relearn many skills based on the job-roles of the future.
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