The year 2023 has brought to the fore the need for contactless activities and emerging technologies with the convergence of platforms such as Artificial Intelligence (AI), Robotics, and Blockchain Technology. Newer services such as Database-as-a-Service (DBaaS) and Disaster Recovery as a Service (DRaaS) have also been enabled in addition to the existing offerings such of Infrastructure-as-a-Service (IaaS), Platform-as-a- Service (PaaS) and Software-as-a-Service (SaaS) among others.
The BPO market has also undergone considerable change with companies moving away from the traditional “people-centric” mindset, to a more technology led transformation. Companies are also building differentiation and improving on their offerings by integrating AI and analytics.
With the changing nature of jobs, the skills needed to perform these jobs are also transforming. Employers are more on the lookout for employees possessing a combination of three different capabilities, including technical skills, professional skills, and domain knowledge. An increase in demand for profiles such as security engineer, security analyst, penetration testing engineer, Cybersecurity manager, Data analyst, Data engineer, Cloud system administrator, Digital Marketer and RPA developer among others has been noted.
The number of technology start-ups has also witnessed an increase in line with the digitalisation drive of the industry and Government. Activities relate mainly to development of blockchain solutions and platform, digital content and Ecommerce, data analytics and Artificial Intelligence among others.