New Job Opportunities Knocking the Door in 2020 and beyond

Dr. Narendra Shyamsukha

Founder & Chairman, ICA Edu Skills

The job scenario in India has gone through a sea change in India. We are in the midst of fourth technological revolution, where there is lot of integration of technology that is taking place. By 2020, even Government of India's flagship initiative for job creation and skill enhancement, 'Make in India', will also create 10 crore new jobs by 2020. Both the initiatives Make in India, and Start up India have been looking to increase investment opportunities in the country.

While the job landscape is expected to undergo radical changes over the next few years, a report published by the World Economic Forum says that there will be certain occupations that are more in demand.

Here’s a look at some of the job categories that are expected to see growth in 2020 and beyond:

Accountants

According to payscale.com, the top salary for an accountant, not being a Chartered Accountant, could go up to Rs. 487,303 a year. There is steady and assured growth for an accountant over the progression of the career.Accountants, today, may require additional competencies because of the expansion of digitization to every sphere of business. SAP is one of the most widely used enterprise application programs being used in industry and to obtain veracity and genuineness of training, it is crucial to choose a SAP authorized training delivery partner, such as ICA Edu Skills, to complete your certification in this software.

Ordinarily, commerce graduates with an additional diploma or certification in specialized accounting practices may start working as an accountant. Over time, an accountant may grow into the roles of Finance Manager, Account Manager, Financial Controller, Chartered Accountant, Chief Financial Officer (CFO) or a Finance Director.

Data scientists

According to multinational IT giant IBM, 59% of all Data Science and Analytics (DSA) job demand is in Finance and Insurance, Professional Services, and IT. Annual demand for the fast-growing new roles of data scientist, data developers, and data engineers will reach nearly 700,000 openings by 2020. he LinkedIn Workforce Report maintains that, in the USA, demand for these professional figures has grown six-fold compared to five years ago, and data analysts will continue to be the most sought-after profiles over the next five years.

Engineering

Automation and machines are taking over the world like the way we see in si-fi thrillers. During the next four years, the demand for those skilled engineers will continue to increase. There will be a huge demand for satellite engineers, electronic engineers and robotic engineers. Specifically, there will be growth for engineers focused on biochemicals, nanotechnology, robotics, and materials.By 2020, 2 million jobs will be created worldwide for computer, mathematical, architecture and engineering related fields.

The Green Warriors

Clean and green energy is the moto of the government as they are encouraging us to use alternative sources of power and energy including wind and solar. And, that means huge demand for specialists who can innovate, advise governments on green strategies, and ensure compliance across industries. If the government fulfills their target of target for grid-connected solar energy from 20 GW to 100 GW by 2022, India could generate one million jobs if it reaches its solar power target and another 1,83,500 could come from wind projects.

Drone Operators

The market for drone operator jobs is only going to expand as the years go by and UAV technology becomes more advanced. Drones were actually invented in the early 1990s for surveillance and reconnaissance. By adding cameras, lights, audio sensors, or even a robotic arm, the utility of drones have been increased exponentially. In India, drones are still primarily used for defense and law enforcement but the time isn’t far when it will be allowed commercial use of drones, which will open up this space.

Specialized Sales People

There will be a growing need for specialized sales people who can explain the company's offerings to a wide range of clients, including businesses, governments, consumers, as well as to new clients that the company has never worked with before.

With many job prospects, there is a growing need to understand in which sectors jobs are going to be created, what are the skills that are needed by industries and employers, and how productivity can be enhanced with skilling and reskilling people.