As of 2018 India is the 5th largest economy in the world
The digital business is bringing in fantabulous growth in the revenue through business to India and the global software players like TCS, Infosys, Wipro and HCL are investing in the digital business where the service companies are transforming themselves in to the product based company, product based companies are changing the business in to the platform oriented companies. India is the 5th largest economy as of 2018 globally as per the latest report. Thus the online presence and outsourcing business demand for the technologies like cloud technology, data centers, digital marketing, artificial intelligence, automation and RPA. Let me see in detail about the growth in these technologies as of 2019 which contribute to the pursuit of growth in the Indian economy. There was a report published which says that around 45 percent of the data centers around the world are located in India. So India has become the place of hosting the business and providing the data services. Let me shed light on this topic (As of 2018 India is the 5th largest economy in the world) further by comparing the Economic growth and technical advances in to these technologies.
Data centers in India
The digital devices and the large amounts of data are growing the need for data centers in India. Due to the data privacy laws prevailing in many countries the data centers are important to start the business in India. The big corporations like oracle, IBM, Microsoft, Amazon, and Google started their data center in India. In the year 2018 Alibaba started its first cloud to support the regional cloud in India. Cloud infrastructure and data center are boosting the business in India
Digital Marketing Growth
The job market has been perceived as a gig economy from the year 2019 where the job is about the talent rather than the hard work or stress towards the job. Digital Marketing Course in Chennai leverage the usage of internet and promote the small companies and big brands. The banks and financial services need to participate in the race and mark them as the digital first enterprise. In the banking sector the customer value, delivering the prepositions and information’s to the customers are the part of the jobs of the banking sector where the dynamic aspect is essential. For the sales companies with variety of products digital marketing is essential. The Web2.0 technology helps to create the network between the company and the customer. The better interactions with the customers make the business to shine for a relatively long time.
E-learning Industry Growth
HTML5 which is the updated version of the HTML used in the PHP and angular JS is very helpful in the E-learning industry. The graphics, animation, and interactivity with the HTML5 are boosting the e-learning industry with postulated study materials.
Artificial intelligence Growth
Sales and customer service both are termed as Digital Marketing in the digital economy. Sales are arrived through the online presence whereas customer service is arrived through the Artificial intelligence. Chat bots are used to engage the customers with a basic conversation and to manage the huge customers before a detailed conversation some companies use chat bots. Chat bots are cheaper than customer support executives. Chat bots can be used to greet the customers and do a basic conversation. The enquiry page or the contact page also engaged with the chat bots in some companies. These chat bots start the common conversation or greet the customers and it is proved from a report that this led to increase in the open rate and the click through rate. The Omni channel or multiple channels are used for the marketing in the recent days by the companies. Website, blog, Facebook page, and twitter page all these things seamlessly communicate with the customer and keep them engaged. Mobile phones reach the Google traffic 80 percent than the desktop. So, Accelerated mobile pages are also important.
India is a country with good number of educated and skilled person which led the offshoring or outsourcing business to grow in India. Some of the branches where the outsourcing business is grooming in India are accounting, Information and technology, security, Telecommunications and networking, Insurance administration, marketing and human resource administration. These industries need skilled persons and management personnel’s with experience which is available in abundance in India and the labor cost is comparatively low in India. The departments with sensitive data are not outsourced and the outsourcing cost could go high to $225B in the year 2020 is the prediction from Nasscom. The challenges in India include the poor infrastructure and competition from other countries.
To win over the competition and boost the revenue in the BPO and banking industry the RPA Training in Chennai has been used to enhance quality in the automation Industry. Datamatics, Q3 technologies, Infosys, and Srijan are some of the big companies who have started thread to the RPA technology and the RPA market is expected to touch 8.6 billion by 2023. The UI path had attained 100 percent growth in India and the company has three offices in India. The three locations in India are Mumbai, Bengaluru and Guru Gram.
By the end of 2019 UI path has plans to expand the presence to Chennai, Pune, Hyderabad, and Kolkata. The company has its headquarters in New York and has potential plans to iterate its growth in Indian market. Product engineering, sales, customer services, presales and global customer support are some of the areas where UI path is wide spread in its operations.
The most needed skills as of 2019
As the industries are growing in India and the manpower requirement is on upsurge where it is wise to prepare for the potential growth of every individual along with the economic growth. We at FITA possess veteran professionals with avid knowledge in the respective field with a focus towards improving the learning community and enhancing the learning curve. Let us see some of skills which are expected to be on demand on 2019. Digital marketing, content writing, automation, product development, process thinking, social media skills, and internet skills are some of the basic skills expected with every employee these days as these activities are part of every business. These are like primary skills needed to understand the digital economy in the year 2019.
Apart from the generic skills there are some technical skills which are needed to climb high in the ladder of employment. We may group these skills as secondary skills or the main skills to get placed in the top companies.
Advancement in the front end technologies
As the usage of mobile phones and mobile applications are huge the demand for the mobile development candidates are huge in the year 2018. The demand for the front end technologies like java script or angular JS have been innate as the business are using online for most of the things. UI designing and artificial intelligence are also booming due to the upfront of the front end technologies. Data analytics and cloud are on demand as the big giant companies are setting the data centers in India and raise of the data is also more due to the large customer base. It is inevitable to learn the technologies which are largely used to get placed in the top companies. The entire cloud stack likes Amazon AWS, virtualized capacities, IPV6 and Microsoft hyper-V, and DevOps are essential for the career development for an experienced person in the development or administration.
Advancement in the programming languages
Golang which is used in the Git-Hub as of 2018 is gaining the popularity in the back end programming. It is introduced by Google in the year 2009 which is marked high for the flexibility, scalability and compatibility with other technologies. Java is the second biggest back end programming used for enterprise applications and deals with high level of security. PHP is the best ever language for the web application and content management system. The popular CMS word press is designed to make the PHP easier for the organizations. Python is the programming language needed for the high performance and automated memory management.
Thus preparing the mind for the 2019 jobs helps an individual to fine tune the knowledge and grow with extensive opportunities globally. Join the different training programs at FITA which scale up your knowledge in to a professional trait through peer approach and constant exposure to the real time environments in the business and technology. Studying with a motto and interest help the students to try for the jobs vigorously and position them with good salary from the growing software industry.
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