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Despite the recent redundancies in the IT sector, there is still a strong demand for skills in new technologies. The number of opportunities in technology employment is expected to increase by 12% by 2020. However, most of these opportunities will be available in major new age technologies, such as Machine Learning, Blockchain, Big Data, Artificial Intelligence, etc. .
According to the previous registration data of UpGrad, here are the best emerging skills that you should potentially consider for the transition to:
1) Blockchain developerWith a 200% increase in employment growth rates and wage increases of 50-100%, the development of blockchain is the most requested skill set by employers. There are a significant number of job opportunities for roles such as Blockchain developers, Blockchain systems architects, Blockchain software engineers in top-level organizations such as TCS, Wipro, IBM and Infosys.
2) Data science: Data analysis is one of the fields that has seen rapid growth in India in recent decades. With an impressive CAGR growth rate of 11.7%, the Data Science market is expected to become a market of 230 billion by 2020. India has seen an increase of over 400% in the demand for data science professionals in various fields. However, the availability of such talent testifies to slow growth. According to recent reports, India is expected to face a bid application for 2 lakh data professionals by 2020.
The UpGrad Data Science program aims to bridge the gap. The program had generally seen students with an average of over 6 years of IT experience in the past. However, there has been a strong growth in the number of registrations from non-IT sectors such as retail banking, finance, health care, eCommerce, etc. UpGrad has witnessed a jump of over 200% of non-IT student enrollments since last year. The program is designed to help students transition into a data-related role such as Data Analyst, Data Scientist, Data Engineer, Data Architect, etc. The average excursion of a student in transition in the program is about 50% and there was quite a few students who got a 100% increase after the program was completed.
3) Product management: With the booming in the country, there is a massive increase in the number of jobs of Product Managers. At the same time, it is one of the most difficult positions to fill. Professionals from a technical or business background usually graduate in Product Manager roles. In a landscape where specialist courses are lacking to develop these skills, the UpGrad Product Management course teaches design, business and technical skills to enable successful career transitions.
4) Digital marketing: The world is becoming digital and with a high penetration of the internet in the last two years, the digital marketing sector is witnessing an exponential increase in India. The digital advertising sector in India grew to 33.5% CAGR (2015-2020), currently it is on a scale of INR 130 billion and in 2020; its value will exceed the INR 255 billion threshold. It is estimated that the digital industry will create more than 20 lakhs in India by 2020. With several programs focusing on strategic and executive aspects of digital marketing, UpGrad prepares students for different roles and levels in the industry and has seen more than a thousand students each year vary from 0 to 15 years of experience in the digital marketing program. UpGrad has witnessed more than 100 successful career transitions in digital marketing and many other stories of students benefiting from the program while remaining relevant or able to scale their business ventures by going digital
5) Entrepreneurship: The 83% of the Indian workforce would prefer to be entrepreneurs and 56% are considering leaving their current jobs to start their own business. With this entrepreneurial ambition and the government's drive towards Start up India, there is a great and growing need to learn entrepreneurship. Even professionals working on the edge of the departure are eager to learn skills such as validation of ideas, consumer research, financial planning, business modeling and so on. In addition, professionals are enthusiastic about learning leadership skills to effectively manage a business. The UpGrad certification program of entrepreneurship has registered over 700 entries. 88% of graduates made improvements to their business model after the program was completed.
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