BANGALORE: When Gautam Munshi co-founded an analytics training institute in 2007, his only students were a handful of engineering graduates.
Five years later, things have changed. Munshi's classes are now filled with vice-presidents and product managers from India's top information technology services firms trying to make sense of huge data-sets or so-called 'big data'.
As India's software outsourcing firms look beyond their traditional software development and maintenance business, emerging technology areas such as cloud computing, analytics and big data, which are based on unstructured information coming from social networks, sensors and other such sources, are being identified as the new growth frontiers. But the skills required to execute business strategy in these emerging areas are in short supply.
The Indian IT industry, which is projected to more than double in size to $225 billion by 2020, can count on cloud, mobility and big data to dominate growth. I
DC estimates that in 2012 alone, worldwide spending on cloud services and enablement spending will hit $60 billion, growing at 26%; mobile spending will exceed PC spending and grow four times as fast; and the volume of digital content will grow 48% to 2.7 zettabyte, or the equivalent of one trillion movies.
Thanks to the increasing volume and detail of information captured by enterprises across the world, top IT exporters like TCS, Infosys, Wipro, HCL Technologies and Cognizant have been infected by the 'emerging technologies' fever over the past two years.
The second-largest IT exporter, Infosys, set up its cloud computing and mobility units last year. At Wipro Technologies, where engineers help retail giants in the US monitor consumer choices and online sales with the help business intelligence and data sets, analytics is touted to be the next growth driver.
From http://timesofindia.indiatimes.com/business/india-business/IT-firms-face-talent-crunch-in-emerging-business-areas/articleshow/14583234.cms
Five years later, things have changed. Munshi's classes are now filled with vice-presidents and product managers from India's top information technology services firms trying to make sense of huge data-sets or so-called 'big data'.
As India's software outsourcing firms look beyond their traditional software development and maintenance business, emerging technology areas such as cloud computing, analytics and big data, which are based on unstructured information coming from social networks, sensors and other such sources, are being identified as the new growth frontiers. But the skills required to execute business strategy in these emerging areas are in short supply.
The Indian IT industry, which is projected to more than double in size to $225 billion by 2020, can count on cloud, mobility and big data to dominate growth. I
DC estimates that in 2012 alone, worldwide spending on cloud services and enablement spending will hit $60 billion, growing at 26%; mobile spending will exceed PC spending and grow four times as fast; and the volume of digital content will grow 48% to 2.7 zettabyte, or the equivalent of one trillion movies.
Thanks to the increasing volume and detail of information captured by enterprises across the world, top IT exporters like TCS, Infosys, Wipro, HCL Technologies and Cognizant have been infected by the 'emerging technologies' fever over the past two years.
The second-largest IT exporter, Infosys, set up its cloud computing and mobility units last year. At Wipro Technologies, where engineers help retail giants in the US monitor consumer choices and online sales with the help business intelligence and data sets, analytics is touted to be the next growth driver.
From http://timesofindia.indiatimes.com/business/india-business/IT-firms-face-talent-crunch-in-emerging-business-areas/articleshow/14583234.cms
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