Career opportunities in a digital economy

There are many new job opportunities in the digital economy. It has changed the way we live, the way we work, the way we transact money, the way we participate in education.

We live in a fast growing and digitalized economy. The digital economy is the availability and use of smart devices for Internet communication. It has changed the way we live, the way we work, the way we transact money, the way we participate in education.

This era of digitalisation aims to rethink existing models of social and business life. For example, we order food from Swiggy, make friends on Facebook, watch movies on Netflix, buy clothes on Amazon and all this is powered by digital technology.

Our current business models may suffer losses if someone comes up with a faster, cheaper and more efficient way to provide the same service. So we need to constantly innovate and upgrade to keep up with these changes. The two main components of this change are technology and data.

We need to be digitally literate and fluent. Digital literacy means understanding the data and being technically proficient in analyzing it. We must better understand the data and the role it plays in making better decisions.

The 2020 – 21 years due to the epidemic were marked by high overall unemployment. Employers, on the other hand, say they have thousands of vacancies! In other words, there is a huge opportunity for candidates with the right skills.

There are many new job opportunities in the digital economy. Cyber ​​Security, Web Designing, Social Media, Digital Marketing, Data Scientist, Business Analyst etc. The following three domains predominate:

Business analyst

Any business needs a business analyst to be more profitable, efficient and consequently more successful. An important part of digitization is the creation of large amounts of data in enterprises for detailed analysis that leads to better decision making.

Technologies like AI, Robotics, IoT, Blockchain, 3D / 4D printing, VR / AR, etc. have made a significant impact in business and everyday life. Most traditional business functions have a strong data adaptation. For this reason, the study of domains such as finance, HR, marketing, operations, as well as a strong understanding of business or data analytics is required.

In the near future, it will be difficult to succeed in business without studying business analytics. This is why Business Analytics has been made a part of the PGDM or MBA curriculum. There are many student needs for this course and the industry demand is increasing.

Data Scientist

Data scientists extract accurate information and make assumptions by studying different types of data. They create appropriate models using scientific methods, statistics, algorithms and systems, which are used to develop future business strategies based on those models.

The role of data science has grown rapidly in the last few years (Dice 2020 Tech Report). If you are good at statistics, math, problem solving and research, then taking on the role of a data scientist will get you on the right career path.

Data engineer

Data engineers are hired to identify, store, process and manage the organization’s data resources. Data engineers are the fastest growing job in the current economy, growing at a rate of 50 percent (Dice 2020 Tech Report). If you are a ‘technologist’, passionate about coding and want to explore / solve problems related to technology and data, then data engineering is the right job for you.

Business schools are committed to playing an important role in creating digitally educated human resources who will understand the interrelationships between data, technology and business and will be able to make significant contributions to the digital future. Connect your career with data, become a data professional. Invest your time to learn new technologies. Become a part of this global digital revolution and contribute to the advancement of human civilization.

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