Category Archives: Accenture

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Hiring Report Suggests High Interest in Blockchain Industry

Hiring Report Suggests High Interest in Blockchain Industry

The hype surrounding blockchain industry, as well as the cryptocurrency sector, may have waned a little, but a report published by TheNextWeb suggests hiring expertise in the sector still grows, courtesy of a few ‘old-school’ tech companies.

It’s a given that prominent fintech startups had it rough in the past year, having to lay off some of their staff. Still, blockchain-related job vacancies seem to pop up every now and then, with a little spot available for cryptocurrency industry. More so, the technology appears to be fascinating enough to attract veterans in the tech space. IBM tops the chart in this regard.

IBM frequented the news with developments from its enterprise-grade blockchain project, but it’s not the only one on a blockchain hiring spree. Other legacy companies, Ernst & Young (EY), Oracle, Accenture, Deloitte, PwC, and Facebook make the list of employers looking into blockchain expertise.

Vacancies include areas in tech development and marketing, with blockchain engineer, senior software engineer, and blockchain development having more prominence. An earlier report concluded that demand in blockchain engineering expertise had increased by as much as 517 percent year-over-year.

Current estimates place the job offers at around 5,711 globally. According to information obtained from Glassdoor, the US, UK, and India seem to be largely interested in blockchain expertise and have quite a sizeable share in blockchain-related job adverts. Although China has also been know as an active blockchain hub, still more prospects are envisioned for 2023 for the nation to lead the industry.

Sentiments surrounding blockchain development centers around its premature state and while many may be optimistic about the industry, it may still be early for large scale implementation of enterprise-grade blockchain solutions. However, it is possible that most legacy players are finding their way into the ecosystem to hold a stake in the future of the emerging markets of decentralized technology.

 

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Accenture: India Needs New Skills for 4th Industrial Revolution

India Needs New Skills for 4th Industrial Revolution

An Accenture report has highlighted that India must improve its skills pool over the next few years to keep abreast of its push to promote the adoption of emerging technologies.

The ‘Fueling India’s skill (r)evolution’ report warns that if the current skills gap can’t be bridged, this could result in the loss of as much as USD 1.97 trillion in GDP growth promised by investment technology.

India currently has a waiting room full of international clients who had previously given up on conducting business in the country, who would otherwise have been first in line had they been given clearer guidelines by the government and seen a change in current punitive regulation.

The client base in India is huge and are more than willing to turn cryptocurrency into Satoshi’s P2P dream. The right words from the present government and the Reserve Bank of India have the potential to kick-start a massive surge of interest in what cryptocurrency can offer across the nation’s 29 states, and further invigorate an already thriving economy.

According to the report, thriving new technologies such as AI, augmented/virtual reality (AR/VR) and blockchain are also ready to take off in India, but not without rapid re-skilling and up-skilling at scale. The report highlights the need for a new much larger skills base in advanced technologies in the country. Chairman and Senior Managing Director at Accenture in India, Rekha M Menon, suggested:

“We must offer more experiential on-the-job training and help people adopt life-long learning as their jobs are transformed. Digital tools and applications — like artificial intelligence, analytics and blockchain — will be essential in delivering these new learning approaches.”

Menon added that such skills simply can’t be learned in the classroom but require essentially “human skills such as creativity, empathy and ethical judgment”.

 

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