Friday, 24 March, 2023

Cloud spending grows but there's lack of IT professionals with right skills

<p>While COVID-19 pandemic has increased the demand for cloud computing 20X, lesser use of technologies like AI, ML, blockchain in universities and service-oriented firms resulted in the lack of skilled cloud engineers. Firms, by 2023, are likely to spend 10% of the IT budget on cloud infra. Despite hiring 72k AI professionals in 2019, the companies had 2.5K vacancies with 3000 others expecting 200% growth in AI. Also, 55% of firms planned to reskill their staff</p>