Unveiling its 2023 State of Upskilling Report, Pluralsight has cast an insightful light on the evolving terrain of technology learning. The study, which encompassed the responses of 1,200 technologists, tech leaders, and HR and L&D directors across industries and around the world to understand the skills gaps, barriers, and challenges they face in today’s macroeconomic environment.
The statistics are compelling: 72% of tech luminaries intend to augment their expenditure on tech skills cultivation, unfazed by budgetary restrictions. Moreover, a striking 74% of techies envisage an organizational switch within a year to accrue more in-demand abilities like cybersecurity, cloud computing, and data science.
The question is: What does upskilling represent for IT professionals and what are the key skills they must embrace to stay competitive?
Navigating the Upskilling Landscape
With the ever-shifting sands of IT needs and ecosystems, upskilling isn’t a choice, but a necessity.
Upskilling avenues abound for IT professionals, ranging from courses, and webinars, to workshops. A multitude of online platforms, such as Coursera, LinkedIn Learning, Udemy, and Khan Academy, proffers an array of offerings. However, the upskilling journey is largely influenced by career aspirations, transitions, socio-economic dynamics, and other pertinent factors.
In the post-COVID epoch, businesses were propelled towards cloud infrastructure from server-based operations. The financial and logistical burdens of managing an on-premises infrastructure are weighty, making cloud models an attractive proposition due to their scalability and security.
Upskilling in this field mandates a grasp of key certifications in cloud computing, such as AWS Certified Cloud Practitioner, Google Cloud Professional, Kubernetes for cybersecurity, and Microsoft Certified: Azure Fundamentals.
As Cybersecurity Ventures forecasts, outlays on cybersecurity products and services are set to hit a staggering $1.75 trillion between 2021 and 2025. This rampant investment is driven by a confluence of digital transformation imperatives and the urgency to shield consumers from cyber threats, triggering hiring sprees in the sector.
Artificial Intelligence and Machine Learning
Automation reigns supreme in contemporary IT firms. By enabling machines to emulate intelligent behavior, organizations are cutting costs, streamlining operations, and bolstering efficiency. Fortune Business Insights predicts that the global AI market size is projected to grow from USD 387.45 billion in 2022 to USD 1394.30 billion in 2029 at a CAGR of 20.1%
In the tech frontier of the future, the rewards will favor the relentless upskilled. Outpacing the competition mandates the acquisition of sought-after skills, specifically cloud computing, AI and machine learning, and cybersecurity, among others.
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