Businesses highly dependent on IT projects to fulfil customer requirements
By MYBRANDBOOK
Manikant Singh
CISO - DMI Finance
CIO priorities for 2022
Fintech has been witnessing a dearth of talent for a long time. With growing competition and thinner margins, keeping up with talent competition is a war by itself. Growing the digital way and creating a career progression, transparency to employees have seen good results and better ways to keep up with competition.
Digitization - opportunities galore
IT has transformed itself from keeping the “lights on” to business enablers long ago. While businesses are highly dependent on IT projects to fulfil their customer requirements. The exponential explosion of customer requirements is hitting hard on the technology ecosystem. Besides the line up of huge digital transformation projects in every organisation, digital employee onboarding, training, multi cloud management are gaining high speed implementations and investments.
Tech talent: A challenge
For a decade we have been hearing about the talent crunch. Everyone has tried all combinations - upskilling, cross skilling, fresh talent, rewards and recognition yet the best of the best organisations could not stand ahead of many start-ups who swept these talents. Moving to tier 2 and tier 3 cities, finding local talents via incubators and talent hubs, have a strategy to recruit fresh talent from Universities, making existing loyal employees more accountable by providing them with people, process and technology can be seen as a plan to bridge this talent gap.
Technology & Brand amalgamation
We are still speaking of privacy on the air without a law. We cannot see this coming into our land any sooner. Keeping the outdated IT Act 2000 and branding of IT is like reinventing the wheel. We all need more stringent laws to accomplish this gap.
IT: The Future of India
One of the initiatives by the Government of India - ‘The Atmanirbhar Bharat’ is bringing big change in the IT sector. Hardware manufacturing, Make in India, integrated chips are gaining huge support to the IT industry.
Getting many government services and information is easier and inexpensive. Information technology is also making management and delivery of government services – such as health services, educational information, consumer rights and services etc. more meritorious with enhancing transparency.
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