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UpGrad Trends to Tend [October 2018 – II]

What’s happening? Where is it happening? How is it happening?

Presenting UpGrad Trends to Tend where we talk about news, views and opinions across the data, digital & tech industry.

UpGrad Trends to Tend [October 2018 - II]
According to an Economic Times article, there are more than 50,000 openings for data science and artificial intelligence roles. These roles are vacant due to a shortage of talent; there are twice as many opening than the number of job seekers. This indicates the importance of professionals to upskill. Sighting a report by Analytics Vidhya, the article mentioned that banking and financial services are the biggest markets for analytics and data science professionals.
UpGrad Trends to Tend [October 2018 - II]
CB Insights recently published a research article collating open letters which Jeff Bezos writes to Amazon’s shareholders. Reading the article is a crash course in running a high-growth internet business from someone who mastered it before any of the playbooks were written. It’s a must-read for anyone working in with consumer tech companies to get an insight into how Jeff Bezos and Amazon think about customers, innovation, building products, and more.
UpGrad Trends to Tend [October 2018 - II]
According to LinkedIn Workforce Report – Professional Edition India, technical skills top the list for skills in Data Scientist, Full-Stack Engineer and Software Developer jobs. Database querying skills are also seeping into roles such as Project Management and Solutions Consultant. The report also says – Software Engineers are most sought-after by companies, followed by Application Developers. On the soft skills side, skills in demand are Management, Leadership and Team Management.

UpGrad’s PG Program in Machine Learning and AI in association with IIIT-B made it to the top of Analytics India Magazine’s Top 10 AI Courses in India 2018. AIM’s top 10 list helps freshers, analytics professionals and data scientists choose the best programme to upskill themselves with skills in AI, ML and deep learning. UpGrad’s program achieved an overall rating of 4.9/5 which is highest among 15 courses and programs. The rating was based on parameters like course content, pedagogy, and other attributes like faculty, external collaborations, placement assistance, virtual labs, events, LMS, etc. Students’ feedback and advice from the experts was also taken into consideration to arrive at the final ranking.
UpGrad Trends to Tend [October 2018 - II]
Livemint published an article interviewing several millennials who choose to upskill with their regular jobs. It mentions that the forward-thinking companies have already restructured their process in such a way that employees have the choice, and freedom to decide what expertise they want to develop. The article also describes the ways of becoming a subject-matter expert.
Gautam Soni, who works as a business analyst at LinkedIn in Bengaluru, invested all his savings into upskilling. He says, “In jobs today, we face new challenges on a daily basis and it’s very important to stay updated and possess the right skill-set”. While completing a course from UpGrad, he joined LinkedIn India in operations. He applied his learning on the operations role and in a few months, moved to business analysis, getting a 75% salary hike.
That small step:
We used to have one job and one life but now we are moving towards seven-eight jobs in one career as the skills we acquire become redundant faster and individuals have to invest in learning new skills.
– Mayank Kumar, co-founder and CEO, UpGrad

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Why is it important to upskill in today’s industry?

The very nature of the modern tech industry is highly dynamic. In a constant quest to improve efficiency, profitability, and quality of life, development is taking place in leaps and bounds. As a result, the skills required to stay relevant and to stand out from the crowd are constantly changing. This creates the need to upskill. The explosive growth in technologies such as artificial intelligence and data science has created a huge number of vacancies that are just waiting to be filled by inspired, curious learners. There has also been a restructuring of sorts in many forward-thinking companies to give more freedom to the employees themselves to choose an area of specialisation.

How do I go about the upskilling process?

Upskilling might appear intimidating, but it is quite achievable with the right tools and resources. upGrad provides a platform specifically designed for those who want to embark on this journey. With its wide array of courses in technical fields such as data science and full stack development, as well as non-technical ones like leadership and team management, it offers something for everyone. Besides, the quality of these courses is impeccable – each one of them is fine-tuned based on a variety of metrics such as quality of pedagogy, effectiveness of virtual labs, student feedback, and expert advice. Thus, a large amount of information can be conveyed effectively in a short period of time, and yet guarantee significant results.

What are the most in-demand roles in today’s market?

These days, there is a lot of focus on automation, in every part of the supply chain. Artificial intelligence and machine learning have enabled computers to assist us not only in manufacturing and assembly but also in customer interactions and the service sector. Some of the trending roles in the market in 2022, coveted by employers and employees alike are that of an artificial intelligence specialist, data scientist, robotics engineer, cybersecurity specialist, data analyst, cloud engineer, and full stack developer.

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