With Digital Transformation becoming the biggest and most common theme of the decade, organisations are quickly realising the uncompromisable aspect of taking the tech leap.
With Digital Transformation becoming the biggest and most common theme of the decade, organisations are quickly realising the uncompromisable aspect of taking the tech leap. Our Finance Minister’s announcement of INR 8,000 crores ($1.12 billion) in quantum computing research over the next five years has further strengthened the belief that this industrial metamorphosis is inevitable, and an absolute necessity to survive.
There is a shortage of tech skills in roles across Artificial Intelligence; Machine Learning; Data Science; Cybersecurity; UI/UX Design and related fields. This is contrasted by a high demand in both traditional tech and other industries. Roles that have always been built on computer science, will evolve as a natural progression. However, for the roles that have not been reliant on technology so far, a complete shift would be required in terms of upskilling and application. Considering that the best of tech talent will be able to quickly adapt and thus contribute to an organisation’s bottomline, there will be intense competition between many employers to absorb the top talent in tech to create greater value. And while the salary and role shall continue to be one of the biggest factors, other parameters will also influence the decision of tech talent professionals choosing their employer in 2020. City-specific aspects beyond the professional arena, like cost of living; pollution index and traffic situation will ultimately mold the flow of top tech professionals migrating for work this year.
Pune: Nestled in the Sahyadri Hills, what makes Pune a favourable option for tech professionals today is its ability to catch the limelight as a developing IT hub. With a great quality of living; a solid tech infrastructure; pleasant climate and diverse job opportunities, Pune is a lucrative option for migration. Despite being in the shadow of Mumbai next door, 30% more techies are willing to move to Pune than moving out of the city. Not just that, Pune also ranks at number 12 on the City Momentum Index globally.
Hyderabad: One of the fastest growing tech hubs in India, Hyderabad comes across as one of the top choices for tech professionals looking to migrate for work. The entry of renowned IT companies like Amazon, Google and Facebook in Hyderabad has opened scope for more businesses. With this, the demand in office spaces increased from 1.5 million sq.ft. (H1’18) to 5.8 million sq.ft (H1’19) and ended the year (2019) touching 10.50 million sq.ft, a new high for the city.
Check out our report ‘Which City Next: 2020 Understanding Senior Level Tech Talent Migration in India’ here- https://catenon.in/product/2020-understanding-senior-level-tech-talent-migration-i-india/