Job and tech enabled business trends

The national manufacturing policy will aim to create 100 million jobs over the next 15 years, making it the engine of India’s economic growth, a senior official involved in finalising the policy told economictimes

According to Nasscom IT-BPO SECTOR-OVERVIEW

  • Direct employment expected to reach nearly 2.23 million, an addition of 226,000 employees, while indirect job creation estimated at ~8 million
  • India’s fundamental advantages—abundant talent and cost—are sustainable over the long term. With a young demographic profile and over 3.5 million graduates and postgraduates that are added annually to the talent base, no other country offers a similar mix and scale of human resources
  • Higher growth in European/Asian market

You can Read more Here

The Ma Foi study gives more detailed estimates. Sectors doing well are BFSI (total employee base: 852,000; new jobs: 46,000); Education, Training and Consultancy (9,715,000; 83,000); Energy Generation & Supply (874,000; 15,000); Healthcare (3,366,000; 295,000); Hospitality & Travel (5,951,000; 137,000); IT & ITeS (1,793,000, 97,000); and Real Estate & Construction (730,000; 136,000). While infrastructure companies need more engineers and team leaders, real-estate companies are also looking for architects, interior designers and business development people. To sell their properties, home builders “will need a sophisticated sales and marketing team,”

Ten tech-enabled business trends to watch as per McKinsey Quarterly, the business journal of McKinsey & Company. These trends are indicators of what kind of jobs  will be available. It is better to watch the trends and learn the skills that makes you ready for the jobs.

1. Distributed co creation moves into the mainstream

Some companies ability to connect customers to Employees thru Web participation (web communities) helped to develop, market, and support products and services easily and reduced costs of call center support.

Companies made money thru Web communities. Similarly, more than 68 million bloggers post reviews and recommendations about products and services that in turn create business for the companies.

Examples are Intuit experienced customers and Intuit employees help other customers with intuit product related questions online that help reduce costs for Intuit. Proctor and Gamble (P&G): Mothers share their typically 20 to 25 moms. In markets where Vocalpoint influencers are active, P&G  revenues have reached twice those without a Vocalpoint network.

Facebook recruited 300,000 facebook users to translate its site into 70 languages

Dell makes money by using twitter for selling its computers

2. Making the network the organization (tapping into a world of talent from all branches of a multinational company)

Using Web technologies MNC(multinational companies) where able to get help from experts from their branches around the world. These networks have helped speed up service delivery while improving quality by 48 percent to their customers.

Example: Dow Chemical set up its own social network to help managers identify the talent they need to execute projects across different business units and function

3. Collaboration at scale
Deploying collaboration tools such as Video and Web conferencing is expected  to improve productivity of knowledge workers and reduce travel and other administrative costs.
Example : shared electronic workspaces, which allow people in different locations to work with the same document simultaneously
4. The growing ‘Internet of Things’
Assets (your fridge) themselves become elements of an information system, with the ability to capture, compute, communicate, and collaborate around information—something that has come to be known as the “Internet of Things.” Embedded with sensors, actuators, and communications capabilities, such objects will soon be able to absorb and transmit information on a massive scale and, in some cases, to adapt and react to changes in the environment automatically.

Example: In medicine, sensors embedded in or worn by patients continuously report changes in health conditions to physicians, who can adjust treatments when necessary. Sensors in manufacturing lines for products as diverse as computer chips and pulp and paper take detailed readings on process conditions and automatically make adjustments to reduce waste, downtime, and costly human interventions.

5. Experimentation and big data (analytics or data mining)
Data are flooding in at rates never seen before—doubling every 18 months—as a result of greater access to customer data from public, proprietary, and purchased sources, as well as new information gathered from Web communities and newly deployed smart assets. These trends are broadly known as “big data.” Many companies are taking data use to new levels, using IT to support rigorous, constant business experimentation that guides decisions and to test new products, business models, and innovations in customer experience
Examples : Amazon, ebay, ford motors, pepsico,
6. Wiring for a sustainable world

Electricity produced to power the world’s data centers generates greenhouse gases on the scale of countries such as Argentina or the Netherlands, and these emissions could increase fourfold by 2020. McKinsey research has shown, however, that the use of IT in areas such as smart power grids, efficient buildings, and better logistics planning could eliminate five times the carbon emissions that the IT industry produces.

Smart grids can also improve the efficiency of the transmission and distribution of energy and, when coupled with energy storage facilities, could store electricity generated by renewable-energy technologies, such as solar and wind.

7. Imagining anything as a service

Consumers like “paying only for what they use” model, which helps them avoid large expenditures, as well as the hassles of buying and maintaining a product. In the IT industry, the growth of “cloud computing” (accessing computer resources provided through networks rather than running software or storing data on a local computer) exemplifies this shift.

Software as a service (SaaS), which enables organizations to access services such as customer relationship management, is growing at a 17 percent annual rate. The biotechnology company Genentech, for example, uses Google Apps for e-mail and to create documents and spreadsheets, bypassing capital investments in servers and software licenses

8. The age of the multisided business model
Companies are using the existing data to see where else it can be used to find new business revenue or use of the data for some other advantages.They are taking inventory of all the data in a company’s businesses (including data flowing from customer interactions) and then ask, “Who might find this information valuable?”
The “freemium” model is a case in point: a group of customers gets free services supported by those who pay a premium for special use. Flickr (online storage of photos), Pandora (online music), and Skype (online communication) not only use this kind of cross-subsidization but also demonstrate the leveraging effect of networks—the greater the number of free users, the more valuable the service becomes for all customers
9. Innovating from the bottom of the pyramid
A new business  arise when technology combines with extreme market conditions, such as customer demand for very low price points, poor infrastructure, hard-to-access suppliers, and low cost curves for talent. Some global companies, such as GE, are locating research centers in these countries (india and china) for reverse innovation of affordable products. Others, such as Philips and SAP, are now investing in local companies to nurture new, innovative products for export that complement their core businesses
10. Producing public good on the grid
About half of the world’s people now live in urban areas, and that share is projected to rise to 70 percent by 2050
Networked smart water grids will be critical to address the need for clean water. Technology can also improve the delivery and effectiveness of many public services. Law-enforcement agencies are using smart assets—video cameras and data analytics—to create maps that define high-crime zones and direct additional police resources to them
So now tell me whether your skills and education is sufficient enough to join these modern companies

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