Breakthrough Series: Technology 2021 – sponsored by SIG

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SO, IS TECH FOR ME?

Job market outlook IT’S GROWING – AND FAST The proverbial job market can be a pretty terrifying place, especially when you’re just starting out. Fortunately, a growing market is infinitely better than one that isn’t. The tech market is growing so rapidly that Australian universities are finding it difficult to keep up the supply of tech graduates to fill the available roles. The proof is in the numbers. In 2014, 600,000 people comprised the tech workforce in Australia. In 2016, this figure increased to 640,000. According to professional services bigwigs like Deloitte (incidentally a large and prestigious employer of tech graduates themselves), this number is expected to reach as high as 722,000 by 2022.

A reason for this growth is the prevalence of technology not just in the average consumer’s life but also in the operations of most businesses. Think of the last time you physically went to a bank; where’s the need when you have an app that can do everything for you? Just as businesses are digitising how they interact with their customers, they are also digitising how they operate internally. This has resulted in an increasing demand for technical skills across all industries. In fact, according to Deloitte’s Australia’s Digital Pulse report, 52 per cent of today’s tech workforce are employed outside strictly tech-related industries.

.com.au


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