It Is High-Time Engineering Graduates Should Look Beyond Working In IT Firms

 It is known to the world that India is the largest producer of Engineers. In India, at least 15 lakh engineering students graduate each year in streams such as information technology, electronics, mechanical engineering, civil engineering, electrical engineering, and others. According to industry stats, just 2.5 lakh engineering graduates are hired in technical fields and 2.2 lakh of the 2.5 lakh are hired in software, with the majority of them in IT services.

With Industry 4.0, we're seeing a rapid digital transition in all industries. Organizations in a variety of industries are reinventing themselves by incorporating emerging technology into their various tasks to streamline operations and improve service quality.

Finance, banking, insurance, pharma, auto, retail, FMCG, and a variety of other non-IT industries are increasingly exploring the possibilities of these cutting-edge technologies to streamline their operations and encourage long-term growth. HR, sales, marketing and other traditional activities are all undergoing a digital revolution.

Traditional engineering jobs:

Demand for traditional engineering jobs has remained stagnant. Existing roles have either been filled or new ones are limited, as IT businesses emphasise the need for polyglots to maximise efficiency and output.

However, new-age technologies such as Artificial Intelligence, Machine Learning, Cloud computing, Internet of Things (IoT), robotic process automation, blockchain, cybersecurity, Big Data analysis, and others have opened up a realm of new and lucrative opportunities for both IT and non-IT sectors. These are the hot-cakes and seek thousands of specialists across sectors.

Engineering provides students with more than simple technical abilities. It also teaches students how to think critically and analytically, solve issues in a structured way, concentrate on solutions, and meet deadlines. These skills that engineers build during their tenure at college become crucial in today's highly competitive market, when quality resources are limited and productivity is under constant pressure.

That is one of the main reasons why engineering graduates excel in fields such as management education. Owing to their abilities build over four years of education at Best B. Tech College in Haryana, engineering graduates make a quick mark in sales or general management.

According to a study published by Harvard Business Review in 2020, 42 of the top 100 CEOs in the world had a background in engineering. This highlights the value and benefits of an engineering degree in areas other than technology.

Engineering graduates from the Best B. Tech College in Haryana, with the correct training, can meet the needs of non-IT companies. Financial technology (FinTech), for example, is a rapidly expanding business. It's a hybrid of money and technology that's going to shake up the financial services industry.

Engineering graduates with cloud computing, AI-ML, blockchain, and cybersecurity expertise can readily break into FinTech, InsurTech (Insurance + Technology) and EduTech (Education + Technology). FinTech technologies are now being adopted by traditional banks and other financial institutions, FinTech startups are the new favourites of investors these days.

Demand for data scientists:

With the rise of e-commerce, the FMCG business is expected to grow even faster in the future years. To eliminate/reduce errors in research and development, production, and supply chain, companies are increasingly using AI-ML, automation, and Big Data.

Data scientists are being hired by FMCG firms to help them build robust analytics departments that can gather data and analyse it for seamless service as well as forecasting customer behaviour for future business.

Which sectors are not affected by the Covid-19 pandemic?

Biosciences and pharmaceuticals are among the few industries that have escaped the pandemic's current crisis. Indian pharmaceutical firms are the most dynamic and have incredibly high standards because they cater to customers all over the world. Though the pharmaceutical industry has been pushing for digital transformation for years, Covid-19 has accelerated it threefold.

Pharma businesses are searching for employees that are adaptable and can deal with obstacles such as a major crisis or technological advancement. Pharma businesses are using cutting-edge technologies at every level, from Research and Development (R&D) to last-mile connectivity. As a result, the sector should be the top priority of competent specialists.

Cutting-edge technologies:

With the use of cutting-edge technology in non-IT organisations gaining a grip in the industry, practically every company in every area is now hiring professionals with specialised technological skills. A large percentage of engineering graduates enrol for programmes in new tech and even modern-day sales at executive training institutes like Jigsaw Academy and Manipal ProLearn (about 30 percent). It's an excellent period for engineering grads to look for profitable IT jobs in non-IT companies.

Not only will they be able to advance their careers faster, but they will also have the chance to shake industries that have traditionally avoided incorporating technology into their systems and procedures.