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Globally, the IT industry is one of the most fast-paced and exciting places to find work. As innovations constantly arise and the potential to develop new solutions remains high, now may be the perfect time for a change of career.
Here are three reasons why this industry has some of the best job prospects in Australia and around the world.
Put simply, candidates with IT skills are in high demand. The European Commission estimates that critical shortages of required skills are expected to create 825,000 unfilled job vacancies by 2020 in Europe alone. Furthermore, 90 per cent of jobs will require IT skills of some sort in five years’ time.
Here in Australia, the value of the ICT industry grew from $50 billion in 2011 to $79 billion in 2013-14, according to Deloitte. John O’Mahony, Deloitte Access Economics Director, believes that this sector will be at the forefront of recruitment efforts.
“Despite the strong growth in demand, with a projected gap of more than 100,000 ICT workers in the next five years, and declining rates of ICT graduates, we are facing a serious problem,” he explained.
Rising role in business
According to a recent survey conducted by Reinvent Data Centers, 93 per cent of CEOs worldwide believe technology is even more important to them than it was five years ago. Leaders are harnessing the transformative aspects of technology innovations to improve their current business functions and construct better strategies.
Technology offered direct benefits to operations, with 56 per cent of leaders stating they had seen notable improvements in efficiency and effectiveness. A further 33 per cent had enjoyed gains in customer engagement and retention through the utilisation of technology.
Growing job diversity
Despite a poor history of opportunities in this sector, women are steadily seeing more employment and better prospects. In 2012, computer and information system managers were the third most highly paid female professionals in America, earning $US80,000 a year according to Forbes. In Australia, Deloitte stated that there is a 20 per cent wage gap in the ICT industry, well below the national average of 34 per cent.
CEOs are thinking outside of stereotypes and extending opportunities to both women and individuals without an ICT-related degree. The latter group now comprises 43 per cent of the industry, meaning a career change into this exciting sector is not as farfetched as one might think.