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Indian IT industry heads to $350 billion by 2025: NASSCOM

We are living in a tech driven age where almost all the industrial and commercial sectors get turned to tech companies to maintain their back-end system where important accounts, data and other vital detail are stored. Most of these enterprises themselves steps into the heels of digital companies enabling the customer to get connected to their services through smartphone app and websites.

Embryo for this drastic change is the tremendous growth in Information Technology. Now “As the industrial economy give way to digital economy, the role of technology get shifted from supporting role to life blood of business enterprises”. This gives technology a new look of a real business than a mere service. The success stories of Ola, Amazon, Flipkart, snapdeal etc bears testimony for the fact that how technology overrides some of the essential requirement in business like huge building, raw materials, human capital, industrial units, essential machineries etc.

The increasing reliance of technology by business is illustrated as an explosive growth. The reports on the industrial growth analysis of the last decade points out that the Indian industry grew to $ 132 billion from $28 billion. According to the recent report by NASSCOM it is stated that IT-BPO business is likely to scale $350 billion by 2025

The growths in technology through age have witnessed many revolutionary waves. The first wave of technology was mainframe where IBM Global service model dominated. The second was client server model were companies like Accenture played a dominant role. The third was internet service model which gave rise to global sourcing. Now it’s the fourth wave were business becomes digital and a huge transformation is seen due to the use of technologies and platform like social, cloud, mobile and analytics. Hence now the model of business is more of agility and adding value to customer than mere as a driving scale.

The type of employee that industries ought to look for in future will be aspirants with deep domain expertise than routine coders. Here one has to excel more as a manager than as a coder. It is recognized that many new jobs will appear and many traditional jobs will be lost to automation. It is also identified that Digital analytics, Cloud computing, design skill will be of more importance and will rule the future opportunitie. The companies often complain that the developing professional college of Engineering do not create ready to use talents for the indusry. Hence technological updates and international certification will be a better lead to IT jobs.

In future one of the most rewarding careers both in terms of monitory benefits and challenges will be digital technologies. The potential platform with immense opportunities will be that of mobile systems, cloud systems, Big Data analysis, cyber security and Machine to Machine (M2M) platforms.

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