Dr. Narendra Shyamsukha
Founder & Chairman, ICA Edu Skills
The job scenario has gone through a sea change in India. We are in the midst of fourth technological revolution, where there is lot of integration of technology that is taking place. A report published by the World Economic Forum says that there will be certain occupations that will be more in demand. Here’s a look at some of the job categories that are expected to see growth in 2020 and beyond:
According to payscale.com, the top salary for an accountant, not being a Chartered Accountant, could go up to Rs. 487,303 a year. There is steady and assured growth for an accountant over the progression of the career. Accountants, today, may require additional competencies because of the expansion of digitization to every sphere of business. SAP is one of the most widely used enterprise application programmes being used in industry and to obtain veracity and genuineness of training, it is crucial to choose a SAP authorized training delivery partner to complete your certification in this software.
Ordinarily, commerce graduates with an additional diploma or certification in specialized accounting practices may start working as an accountant. Over time, an accountant may grow into the roles of Finance Manager, Account Manager, Financial Controller, Chartered Accountant, Chief Financial Officer (CFO) or a Finance Director.
According to multinational IT giant IBM, 59% of all Data Science and Analytics (DSA) job demand is in Finance and Insurance, Professional Services and IT. Annual demand for the fast-growing new roles of data scientist, data developers and data engineers will reach nearly 700,000 openings by 2020. The LinkedIn Workforce Report maintains that, in the USA, demand for these professional figures has grown six-fold compared to five years ago and data analysts will continue to be the most sought-after profiles over the next five years.
Automation and machines are taking over the world like the way we see in sci-fi thrillers. During the next four years, the demand for those skilled engineers will continue to increase. There will be a huge demand for satellite engineers, electronic engineers and robotic engineers. Specifically, there will be growth for engineers focused on biochemicals, nanotechnology, robotics, and materials. By 2020, 2 million jobs will be created worldwide for computer, mathematical, architecture and engineering related fields.
The Green Warriors
Clean and green energy is the moto of the government as they are encouraging us to use alternative sources of power and energy including wind and solar. That means huge demand for specialists who can innovate, advise governments on green strategies and ensure compliance across industries. If the government fulfills their target for grid-connected solar energy from 20 GW to 100 GW by 2022, India could generate one million jobs if it reaches its solar power target and another 1,83,500 could come from wind projects.
The market for drone operator jobs is only going to expand as the years go by and UAV technology becomes more advanced. Drones were actually invented in the early 1990s for surveillance and reconnaissance. By adding cameras, lights, audio sensors, or even a robotic arm, the utility of drones have been increased exponentially. In India, drones are still primarily used for defense and law enforcement but the time isn’t far when it will be allowed for commercial usage on a large scale.
Specialized Sales People
There will be a growing need for specialized sales people who can explain the company's offerings to a wide range of clients, including businesses, governments, consumers, as well as to new clients that the company has never worked with before.
With many job prospects, there is a growing need to understand in which sectors jobs are going to be created, what are the skills that are needed by industries and employers, and how productivity can be enhanced with skilling and reskilling people.