According to industry experts, IT and software services companies are shifting focus on new-age technology areas like data analytics, artificial intelligence, and cyber-security (focused towards remote/ cloud security) among others, which has added to the need for newer skill sets.
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“Given the uncertain hiring situation, it is certainly cost-effective for companies to choose to upskill their workforce instead of lateral hiring which may also be time-consuming” said Neeti Sharma, Senior Vice-President, TeamLease Services.
