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This year was filled with uncertainties raised due to COVID-19 and the ensuing worldwide lockdown. Both businesses and professionals have faced many challenges, from adapting to working from home to loss of employment amidst a global recession. Organisations were forced to downsize their workforce and reduce costs to survive the dip in the economy. A survey by Moneycontrol shows that 10.8+ million jobs have been lost across industries, including the IT industry, since the nation-wide lockdown in India.
During these uncertain times, job security and stability have become a critical concern for professionals. Even though challenges continue to flux the job landscape, a few job roles have emerged as practically recession-proof because of their increased demand and growth despite the crisis. Here are some of them.
1. Cloud Architect
Cloud Architects are responsible for overseeing an organisation’s Cloud Computing system, which involves working on Cloud application designs, Cloud approval plans, and managing the complete cloud storage. With several companies still working remotely because of the pandemic, it is imperative to ensure on-site and off-site presence at all times to minimize disruptions to business operations. This has led to an outpouring of demand for Cloud-based collaborative applications. CNN Business has reported that IT giant IBM is set to invest USD 1 billion in the Cloud space, which in turn, will lead to an increase in demand for proficient Cloud professionals, including Cloud Architects, in the market. There are more than 4,500+ unfilled Cloud Architect jobs available on LinkedIn alone.
2. Cyber Security Expert
Amid the pandemic, there has been a rise in the number of cyberattacks. This year alone, large companies like Twitter, Dr. Reddy’s Laboratories, Facebook-backed Unacademy, and BigBasket, have been victims of major data breaches. Organisations have become highly focused on securing their information networks and systems. To ensure that their systems are hack-proof, companies are actively hiring Cyber Security Experts. As per a pre-COVID projection by Cybersecurity Ventures, by 2021, the world will see a staggering 3.5 million unfilled Cyber Security jobs. With COVID-19 bringing newer Cyber Security challenges in front of organisations, this number will continue to grow in the coming years.
3. AI Specialist
During uncertain times like these, people’s dependency on technology has increased. Artificial Intelligence (AI) has seen an exponential rise in demand and growth lately. Several companies, like Amazon, Google, and Microsoft witnessed a hike in overall business profit by incorporating AI in their business strategies. As per a report by IDC, the total spending on AI applications is predicted to go up to USD 14.1 billion, while the total spending on AI services is estimated to rise up to USD 14.5 billion this year. This has led to a spike in demand for AI Specialists in the job landscape. In the present scenario, there are more than 1 lakh active AI Specialist jobs available on job portals.
4. Business Intelligence AnalystWith the ongoing pandemic, economic crisis, and influx of data, companies need to devise new business strategies to make smarter and data-driven decisions to survive. A Business Intelligence Analyst helps an organisation in achieving profitability goals by developing new data-smart organisational strategies. Today, there are more than 5,000 Business Intelligence Analyst jobs available on job portals like LinkedIn.
5. People Analytics & Digital HR Specialist
The dynamic of the workforce has swiftly transformed and become more employee-centered. People Analytics and Digital HR is shaping the future of workforce management. As per LinkedIn’s Global Talent Trends report, 73% of HR leaders have said that the incorporation of People Analytics will be a major priority for their company in the next five years. Organisations are actively hiring data-smart HR professionals with People Analytics and Digital HR skills to empower their teams. One quick search on job portals like Naukri shows 4,800+ open jobs for People Analytics and Digital HR Specialists.
Regardless of how the coming year will unfold, the statistics presented above clearly reflect that these career options will continue to be high in demand in the future. These five job roles can be a safety net during these difficult times.
Adept in Data Science and Emerging Technologies like People Analytics & Digital HR, Cyber Security, Artificial Intelligence, and Business Analytics, among others, Jigsaw Academy offers upskilling opportunities to professionals & fresh graduates and helps them build a recession-resilient career. If you also wish to build a recession-proof career for yourself, reach out to Jigsaw Academy to enroll for an industry-relevant course.