IT Training: Bridging the Skill Gap in 2019

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IT Training Bridging the Skill Gap in 2019
- Global Knowledge Technologies
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• While a few decades back, it was assumed that
  higher the qualification, higher is the chance of
  tech professionals to reach the peak of success,
  today the scenario has completely transformed. In
  the 21st Century, the employability rate is been
  measured by the number of Technical Skills a
  candidate or working professionals possess. In
  this regard, apart from the range of Governments
  initiatives under its Skill India Campaigns,
  numerous IT Training services offered by private
  establishments are playing a pivotal role in
  bridging the skill gap existing in the working
  professionals as well as fresh graduates.

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Evolving Industry Demands

• As Information Technology is an industry that is
  been highly impacted by industrial globalization
  and development, the higher authorities of the IT
  sector put substantial stress on giving
  preference to those professionals more, who have
  attained one or other IT Courses and are equipped
  with ample IT Technical Skills as per industry
  standard. The below points would better justify
  the statement.
• It is proven that professionals, who opt for IT
  Training and keep on updating themselves, get
  access to better career prospects. In a recent
  interview given by Zairus Master, the CEO of
  Shine.com- a leading job portal, he pinpointed,
  The rules for future workforce are changing like
  never before and it will be a smart decision, for
  the professionals and job seekers to learn fast
  and unlearn even faster.
• On the flipside, the staggering fact that 90
  college students in India are not job-ready,
  makes it clear that it is the high time for the
  graduates to face the reality and brace
  themselves to be able to work from day one at
  their respective workplaces demonstrating how
  much technologically skilled they are and focus
  on bridging the skill gap. 

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Necessity of Training Employees Students

• With tremendous automation and technological
  advancements taking over traditional jobs, the
  fact that no robot or technology can replace a
  human being is equally true.
• As per Deloitte Insights survey recently 84
  organizations said that they were increasing
  their investment in reskilling programs, with 53
  stating they would increase this budget by 6
  percent or more.
• In respect to students as well, the job market is
  quite competitive. Rapid developments in IT
  sector shall stimulate companies to hire up to
  2.5 to 3 million more workers by 2025, with the
  condition that they can earn the skills requisite
  to meet the changing needs, as per the report
  published by Wheebox.
• In this situation, is even a college degree
  enough for them? The answer is of course no! If a
  graduate aspires to stand out in the placement
  drives and interviews, they should add essential
  skills and certifications in their resume.

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The Global Scenario

• On the Global context, it has been found that 70
  of IT decision-makers asserted, their teams face
  a scarcity of required skills. However, the good
  news is IT professionals are taking action
  regarding it, enabling the training rate of IT
  professionals to rise to 88 (highest number in
  the last 11 years).
• According to the study conducted by Global
  Knowledge, 70 IT professionals who didnt train
  in 2017 were more likely to dissatisfy in their
  job and 69 of them were found to be looking out
  for employment elsewhere, owing to their
  dissatisfaction.
• The findings also suggested that in terms of
  company benefits, more than 50 IT-decision
  makers said that certified personnel were able to
  render an annual economic benefit that exceeds
  10,000 and 27 opined its 20,000 or more.

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The Significant Role of IT Training in India

• Reports claim, that Indias IT and ITES
  (Information Technology Enabled Services) have
  grown to US 181 billion in 2018-19 and the IT
  industry is expected to grow to US 350 billion
  by 2025.

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The Significant Role of IT Training in India

• Further, considering the Governments effort is
  not enough to meet the expectation for skilled IT
  professionals, few of the IT Training
  organizations are demonstrating exemplary
  excellence through offering a range of new-age
  technology- related programs that too providing
  the feasibility of obtaining training anywhere
  and anytime.
• Companies are also acting proactively by keeping
  aside an amount from their annual budget
  targeting to skilling and re-skilling their
  employees which in turn will help in improving
  the employees performance and productivity.
  Apparently, Wipro took initiative and launched
  Newtons Cradle- aiming to identify skill gaps in
  middle management and help them upgrade. On the
  other hand, TCS has trained over 210,000 trainees
  through internal programs.

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The Way Forward

• The future is extremely bright and promising for
  tech enthusiasts who understand the
  potentialities and value an IT course carries.
  Emerging technology is going to dominate the
  world and to thrive or survive in this dynamic
  environment the professionals are required to
  synchronize with the change and developments,
  which IT Training is making possible to a great
  extent. A comprehensive and quality training is
  capable of rendering essential transferable
  skills to the individuals, giving them the edge
  they wish in their respective careers.

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Thank you!