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Introduction to Information Technology (IT)
What information technology professionals do for their work and career
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The terms "information technology" and "IT" are widely used in business and the field of computing. People use the terms generically when referring to various kinds of computer-related work, which sometimes confuses their meaning.
What Is Information Technology?
A 1958 article in Harvard Business Review referred to information technology as consisting of three basic parts: computational data processing, decision support, and business software. This time period marked the beginning of IT as an officially defined area of business; in fact, this article probably coined the term.
Over the ensuing decades, many corporations created so-called "IT departments" to manage the computer technologies related to their business. Whatever these departments worked on became the de facto definition of Information Technology, one that has evolved over time. Today, IT departments have responsibilities in areas like computer tech support, business computer network and database administration, business software deployment, and information security.
Especially during the dot-com boom of the 1990s, Information Technology also became associated with aspects of computing beyond those owned by IT departments. This broader definition of IT includes areas like software development, computer systems architecture, and project management.
Information Technology Jobs and Careers
Job posting sites commonly use IT as a category in their databases. The category includes a wide range of jobs across architecture, engineering, and administration functions. People with jobs in these areas typically have college degrees in computer science and/or information systems. They may also possess related industry certifications. Short courses in IT basics can be also be found online and are especially useful for those who want to get some exposure to the field before committing to it as a career.
A career in Information Technology can involve working in or leading IT departments, product development teams, or research groups. Having success in this job field requires a combination of both technical and business skills.
Issues and Challenges in Information Technology
- As computing systems and capabilities continue expanding worldwide, "data overload" has become an increasingly critical issue for many IT professionals. Efficiently processing huge amounts of data to produce useful business intelligence requires large amounts of processing power, sophisticated software, and human analytic skills.
- Teamwork and communication skills have also become essential for most businesses to manage the complexity of IT systems. Many IT professionals are responsible for providing service to business users who are not trained in computer networking or other information technologies but who are instead interested in simply using IT as a tool to get their work done efficiently.
- System and network security issues are a primary concern for many business executives, as any security incident can potentially damage a company's reputation and cost large sums of money.
Computer Networking and Information Technology
Because networks play a central role in the operation of many companies, business computer networking topics tend to be closely associated with Information Technology. Networking trends that play a key role in IT include:
- Network capacity and performance: The popularity of online video has greatly increased the demand for network bandwidth both on the Internet and on IT networks. New types of software applications that support richer graphics and deeper interaction with computers also tend to generate larger amounts of data and hence network traffic. Information technology teams must plan appropriately not just for their company's current needs but also this future growth.
- Mobile and wireless usages: IT network administrators must now support a wide array of smartphones and tablets in addition to traditional PCs and workstations. IT environments tend to require high-performance wireless hotspots with roaming capability. In larger office buildings, deployments are carefully planned and tested to eliminate dead spots and signal interference.
- Cloud services: Whereas IT shops in the past maintained their own server farms for hosting email and business databases, some have migrated to cloud computing environments where third-party hosting providers maintain the data. This change in computing model dramatically changes the patterns of traffic on a company network, but it also requires significant effort in training employees on this new breed of applications.
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Top 10 IT Business Planning PPT Templates to Leverage Technology to Meet Your Goals
Mohit Sabharwal
Information Technology PPT Presentations
The major IT trends determine new hardware and software innovations, data availability, digital strategy and digital transformation. In addition to the trends in the software sector, there are also interesting developments in hardware.
We have therefore put together presentations for your digital strategies on topics such as the Internet of Things, Big Data, Cyber Security, Pishing and Cloud Computing. Are you looking for presentations on other IT topics? Just get in touch with us. On request, we also create presentations on current IT & technology topics according to your wishes.
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Present basic information on Industry 4.0 with graphs, future developments and definitions.
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A comprehensive icon collection for digital business and IT topics: High-quality line icons for software development, SEO/online marketing, network/process/service, data management, hardware/devices and cybersecurity.
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+20 Technology Topics For Presentation | Best Step-By-Step Guide For Beginners in 2023
Jane Ng • 21 Aug 2023 • 7 min read
Are you struggling to prepare your technology topic for presentation ? Don’t worry! We’ve got you covered! In this blog post, we provide you with a step-by-step definition guide to craft a well-rounded and informative presentation. Whether you’re exploring Artificial Intelligence, Blockchain, or Cybersecurity, this post will equip you with 20 technology topics for presentation to captivate your audience and showcase your expertise.
Let’s get started!
Table of Contents
#1 – who is your target audience, #2 – what is your technology topic, #3 – why do you choose this topic for presentation, #4 – when & where will you make your presentation, #5 – how to make your presentation effective , 20 technology topics for presentation , key takeaways.
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- Easy topics for presentation
- Marketing presentation
Identifying your presentation’s target audience is the first step in choosing a technology topic that will resonate with them and meet their needs.
You can define your audience by the following aspects:
Demographics
Consider the demographics of your audience, such as age, gender, education, and professional background. Different demographics may have different levels of familiarity and interest in technology.
- For example, an audience of tech-savvy professionals may require an advanced or specialized topic, while a general audience with diverse backgrounds may benefit from a broader subject matter.
Take into account your audience’s interests and areas of focus.
- Are they primarily interested in the business applications of the technology?
- Are they more concerned with the social or ethical implications?
Understanding their interests will help you tailor your topic to capture their attention and engage them throughout your presentation.
Technical knowledge
Evaluate the level of technical knowledge your audience possesses by answering these questions:
- Are they beginners with a limited understanding of the technology, or are they experts in the field?
Then you can adjust the complexity and depth of your subject accordingly. Make sure that the presentation strikes the right balance between being easy to understand to people with limited technical backgrounds while providing value for those with more advanced knowledge.
Specific needs
Consider the specific needs and challenges of your audience.
- Can the problems they are facing be solved by technology?
- Can you offer solutions, strategies, or real-world examples that work for their situation?
Tailoring your theme to meet their needs will improve the relevance and applicability of your presentation.
By carefully considering your audience’s demographics, interests, and technical savvy, you can choose a technology topic that aligns with their interests and captures their curiosity.
Defining technology topics for presentation involves clarifying its scope, purpose, and key aspects. You can effectively define your technology topic in the following steps:
- Start by conducting preliminary research on broad technology topics that interest you.
- Explore technology trends and industry news to identify potential topics that align with your presentation goals.
- Once you have a broad idea, narrow the focus of your topic to specific sub-topics, applications, or challenges in the technology sector that you find interesting or relevant.
- Consider the resources available, such as research materials, case studies, or expert interviews.
- Consider the time constraints of your presentation and determine the appropriate scope and depth for your topic. Ensure that the content can be adequately covered within the allocated time.
By following these steps, you can effectively define a technology theme for your presentation.
Understanding why you chose a particular topic for your presentation is essential as it helps define the purpose and goals of your presentation. Here are some common:
Educational purpose
If your objective is to educate your audience, explain why you chose this topic.
- Is it because the technology is new, and you want to provide an overview?
- Are you aiming to share technology-related insights, knowledge, or best practices?
Communicate the educational value your chosen topic brings to your audience.
Purpose of persuasion
If your goal is to convince your audience, explain why you believe the topic is important and deserves their attention.
- Highlight the potential impact or benefit that technology can have.
- Present compelling evidence, case studies, or examples that support your argument.
Emphasize why your audience should be interested in this topic and how it can positively affect their lives, work, or industry.
Inspirational purpose
If you aim to inspire your audience, explain what makes this tech theme so inspiring or innovative.
- Share stories of successful implementations or groundbreaking progress.
- Discuss the transformative power of technology and how it has the potential to change lives, industries, or society as a whole.
Inspire your audience by showcasing the possibilities and encouraging them to embrace the potential of technology.
Awareness purpose
If your goal is to create awareness, explain why this topic deserves attention and recognition.
- Discuss any social, environmental, or ethical impacts associated with the technology.
- Highlight challenges or risks that need to be addressed.
Raise awareness of the importance of understanding and interacting with the subject for the betterment of individuals, organizations, or the world at large.
When you clearly define the purpose and objectives of your presentation, you provide a guiding framework for structuring your content, selecting supporting examples or data, and tailoring your delivery to achieve the desired impact on your audience.
By considering the “When” and “Where” aspects of your presentation, you can effectively plan and prepare for the logistics and environment for your presentation. This ensures that you are equipped with the necessary resources to deliver a successful and engaging presentation experience.
Here are some pointers you need to check about time and location when preparing a presentation:
- Timing: Determine the date and time of your presentation. Take into account any deadlines, event schedules, or specific timeframes that may impact the availability or attention of your target audience.
- Location: Identify the venue or platform where you deliver your presentation. Will it be an in-person event at a physical location or an online presentation through a video conferencing platform or webinar?
- Setting and Environment: If it is an in-person presentation, evaluate the seating arrangement, stage setup, audio-visual equipment, etc. If it is an online presentation, ensure that you have a quiet and well-lit space with a stable internet connection.
- Technical Considerations: Pay attention to any technical considerations associated with your presentation. Make sure you have access to the necessary technology, equipment, and technical support.
Choosing technology topics for presentation effectively requires the right approach, and AhaSlides can be a valuable tool to enhance the process. By following these steps, you can effectively select technology topics for your presentation:
- Understand your audience: Take into account the interests, needs, and background of your audience. Analyze their level of technical knowledge to identify topics that will resonate with them. Utilize AhaSlides’ live polls to gather audience feedback and tailor your topic accordingly.
- Research current trends and emerging technologies: Stay up-to-date with the latest technology trends and advancements. Interactive quizzes and trivia sessions can be used to engage your audience and share knowledge about these trends.
- Evaluate impact and relevance: Consider practical applications, benefits, and challenges associated with each topic. You can use word cloud and Q&A to gather audience opinions and perspectives on different technology topics.
- Balance complexity and simplicity: Choose technology topics that balance between being informative and understandable for your audience. AhaSlides allows you to create visually appealing slides and Ordinal Scale to simplify complex concepts and enhance audience comprehension.
Here are some popular and interesting technology topics for a presentation that you can consider:
- Artificial Intelligence in Healthcare: Applications, benefits, and Challenges.
- Internet of Things (IoT) and Smart Homes: Enhancing convenience and efficiency.
- Cybersecurity: Protecting digital assets and safeguarding personal information.
- Blockchain Technology: Revolutionizing industries
- Augmented Reality (AR) in Education: Transforming learning experiences.
- The Impact of 5G Technology: Faster Connections and new possibilities.
- Cloud Computing: Advantages, deployment models, and use cases.
- Biometric Authentication: Ensuring secure and convenient access control.
- Robotics and Automation in Manufacturing: Improving productivity and efficiency.
- Sustainable Energy Technologies: Advancements in renewable energy sources.
- Data Science and Predictive Analytics: Extracting insights for informed decision-making.
- Virtual Reality (VR) in Training and Simulation: Enhancing Learning and skills development.
- The Internet of Medical Things (IoMT): Innovations in healthcare technology.
- Quantum Computing: Unlocking new levels of computational power.
- E-commerce and Digital Payments: Trends, challenges, and prospects.
- Autonomous Vehicles: Advancements and implications for transportation.
- Natural Language Processing (NLP): Applications in chatbots and voice assistants.
- 3D Printing: Revolutionizing manufacturing and prototyping processes.
- Big Data and Business Intelligence: Leveraging data for strategic decision-making.
- Edge Computing: Powering real-time applications and reducing latency.
By following the step-by-step guide we’ve provided for choosing technology topics for presentation, you’re on your way to delivering a successful presentation that resonates with your audience.
And don’t forget to utilize AhaSlides’ templates and interactive features to make your presentations captivating, intuitive, and engaging for your audience.
A writer who wants to create practical and valuable content for the audience
More from AhaSlides
Information Technology Presentation Topics (Updated)
Below is the list of information technology presentation topics. This updated list of IT-related presentation topics covers general, latest and best trends. Students & researchers can use these IT topics for PowerPoint (PPT) presentations, Webinars, Seminars, Conferences, Oral Speeches, Oral presentations, Individual or Group presentations. These ideas will definitely help students of MBA, MCA, BE, ME, BCA, & other IT courses to make a stunning presentation.
Latest Information Technology Topics For Presentation
Cloud Computing
Table of Contents
Artificial Intelligence
Data Privacy
Adding Intelligence to the Internet
Bio-inspired Networking
Sixth Sense Technology: New Reality
Finger Tracking In Real-Time Human-Computer Interaction
Fiber Distributed Data Interface
Virtualization
Cyberphysical Systems
Internet of Things (IoT)
Visualization Research
IT Governance
Cyberterrorism
3D Password
5G Technology: Hope Vs. Hype
Alphabetical List of IT Presentation Topics
Artificial Neural Network (ANN)
An Identity Based Eco-System
Free Space Laser Communications
Cellular Through Remote Control Switch
Breaking the Memory Wall in MonetDB
Buffer overflow attack : A potential problem and its Implications
Biometrics in SECURE e-transaction
10 Gigabit Ethernet
3D Internet
3D password
3D Printing
3D Television
4G Broadband
4G Technology: 4G Wireless Systems
5 Pen PC Technology
64-Bit Computing
AC Performance Of Nanoelectronics
Access gateways
Airborne Internet
Ambient Intelligence
Ambiophonics
Android: Future of Computing
Anonymous Communication
Asynchronous Chips
Attentionomics
Autonomic Computing
Barcode Technology
Biometric Voting System
Bio-Molecular Computing
BlackBerry Technology
Blu Ray Disc
Bluejacking
Brain Chips
Brain Fingerprinting
Broadband Over Power Line
Cable Modems
Capacitive And Resistive Touch Systems
Cellular Communications
Cellular Neural Network
Chameleon Chip
Cisco IOS Firewall
Cluster Computing
Code Division Duplexing
Combating Link Spam
Compact peripheral component interconnect
Computational Visual Attention Systems
Compute Unified Device Architecture CUDA
Conditional Access System
Content Curation and Aggregation
Content Marketing
corDECT Wireless in Local Loop System
Crusoe Processor
Cybernetic Organism
Data Compression Techniques
CyberTerrorism : New Challenge
Data Leakage Detection
Data Recovery
Data Security
Data Warehousing
Delay Tolerant Networking
Design and Analysis of Algoritms
Desktop Virtualization
Developer Integration
Development of the Intenet
Diamond Chip
Digital Audio Broadcasting
DNA Based Computing
Digital curation
Digital Jewelry
Digital Subscriber Line
Digital Watermarking
Driving Optical Network Evolution
Dual Core Processor
Dynamic Cache Management Technique
Dynamic Data Grid Replication Strategy
Dynamic Domain Name Service
Dynamic Languages
Dynamic Memory Allocation
Dynamic Synchronous Transfer Mode
Dynamic Virtual Private Network
Dynamically Reconfigurability Computing
Ethical Hacking
E Cash Payment Systems
Earth Simulator
E-Cash Payment System
Elastic Quotas
Electronic Banking
Enhancing LAN Using Cryptography and Other Modules
Enterprise social collaboration
Ethernet Passive Optical Network
Extended Mark Up Language
Extreme Programming (XP)
Eye Movement-Based Human Computer Interaction Techniques
Facebook Thrift
Fiber Channel
Fingerprints Technology
Fluorescent Multi-layer Disc
Free Space Optics
Gaming Consoles
Generic Access Network
Generic Framing Procedure
Generic Visual Perception Processor GVPP
Genetic Algorithms
Global Wireless E-Voting
Green Computing
Google Chrome OS
Google Glass Project
Google Strikes Back
Graph Separators
Graphical Password Authentication
Green Cloud
GSM 900 Mobile Jamme
Handheld Computers
High Altitude Aeronautical Platforms
High Performance DSP Architectures
Holographic Data Storage
Human Computer Interface
Holographic Memory
Hyper-Threading technology
Image Identification System
I-Cloud by Apple
In Vehicle Networking
Incognito mode
Infinite Dimensional Vector Space
Instant Messaging
Integer Fast Fourier Transform
Integrated Voice and Data
Intel Centrino Mobile Technology
Keyboard without Keys and Board
Ipv6 – The Next Generation Protocol
In-Vehicle Networking
Intel Core I7 Processor
Intelligent Software Agents
Intelligent Speed Adaptation
Internet Access via Cable TV Network
Internet of Things
Internet Telephony Policy in INDIA
The world of Internet Protocols
Intrusion Tolerance
Intrution Detection System
Intrution Detection Systems
Inverse Multiplexing
IP spoofing
IP Telephony
IPv6 Protocol
Iris Scanning
Java Database Connectivity
JOOMLA and CMS
Laptop Computer
Large Cloud Services
Layer 3 Switching
Light emitting polymers
Location Dependent Query Processing
Low Power UART Design for Serial Data Communication
Media Fragmentation
Migration From GSM Network To GPRS
Mobile Security
Mind Reading Computer
Mind-Reading Computer
MiniDisc system
Mobile Computing
Mobile Phone Cloning
Mobile Virtual Reality Service
Mobile WiMax
Mobile WiMAX
Modems and ISDN
Modular Computing
Money Pad, The Future Wallet
MPEG Video Compression
Multi Touch Technology
Multiterabit Networks
Nano Cars Into The Robotics
Nanorobotics
Network Security Firewalls
NVIDIA Tesla Personal Supercomputer
Network Traffic Analyzer
Neural Interfacing
Neural Networks And Their Applications
Nokia Morph
No-Touch Interfaces
Online Analytical Processing (OLAP)
Online Video Streaming
Open-source
Operating Systems
Optical Computer
Optical Fibre Cable
Optical Free Space Communication
Optical packet switch architectures
Optical Packet Switching Network
Optical Satellite Communication
Optical Switching
Orthogonal Frequency Division Multiplexing
Ovonic Unified Memory
Plagiarism Detection Techniques
Packet Sniffers
Palm Vein Technology
Parallel Computing In India
Parallel Databases
Param 10000
Personal Cloud Services
personal clouds accelerate
Phishing Technology
Pill Camera
Pivot Vector Space Approach in Audio-Video Mixing
Planar Separators
Plastic Memory
Platform Architectures
PON Topologies
Quantum Computing
Project Oxygen
Protein Memory
Public Key Infrastructure
Quantum Cryptography
QoS in Cellular Networks Based on MPT
Quadrics Interconnection Network
Quantum Information Technology
Real-Time Systems and Real-Time Operating Systems
Radio Frequency Light Sources
Radio Network Controller
RAIN technology
Rapid Prototyping
Real-Time Content
Refactoring
Resilient Packet Ring Technology
Robotic Surgery
Rover Technology
Satellite Radio
Seam Carving for Media Retargeting
Search by Image
Search Leads To Sales
Secure ATM by Image Processing
Security Features of ATM
Self Defending Networks
Self Organizing Maps
Self-Managing Computing
Semantic Digital Library
Sense-Response Applications
Sensors on 3D Digitization
Setting up a LAN using Linux
Short Message Service (SMS)
Significance of real-time transport Protocol in VOIP
Silent Sound Technology
Sixth Sense Technology
Social Networks That Are IT Policy Friendly
Skinput Technology
Smart Cards
Smart Fabrics
Smart Note Taker
Smart Pixel Arrays
Smart Quill
Sniffer for detecting lost mobiles
Social Literacy Skills
Social Media Privacy
Social Media Schizophrenia
Social Platforms
Socket Programming
Soft Computing
Software Reuse
Space Communications Protocol
Space Mouse
Speech Application Language Tags
Speed Detection of moving vehicle using speed cameras
Synchronous Optical Networking
Storage Area Networks
Store Management System
Structured Cabling
Surface Computer
Survivable Networks Systems
Swarm intelligence & traffic Safety
Synthetic Aperture Radar System
TCPA / Palladium
Tele Immersion
Tele-immersion
Tempest and Echelon
Terrestrial Trunked Radio
Text Mining
The integration Technology
Tsunami Warning System
The Mobile Revolution
Third Generation
Thought Leadership
Tool Command Language
Touch Screens
Transmedia Storytelling
Ubiquitous Networking
Ubiquitous Social Computing
Unicode And Multilingual Computing
Unified Modeling Language (UML)
Unlicensed Mobile Access
Viruses, vulnerabilities and security holes
Virtual Instrumentation
Virtual keyboard
Virtual LAN Technology
Virtual MArketing
Virtual Private Network
Virtual Reality
Visible Light Communication
Voice morphing
Voice Over Internet Protocol
Voice Portals
Voice Quality
Wearable Bio-Sensors
Wearable Technology
Why did Microsoft Surface fail?
Windows DNA
Evolution & Journey of MS Windows
Wireless Application Protocol
Wireless Fidelity
Wireless Internet
Wireless Networked Digital Devices
Zero-Knowledge Protocols and Proof Systems
Wireless Technology
Wireless USB
Wireless Video Service in CDMA Systems
Wolfram Alpha
Word Sense Disambiguation
Workplace Monitoring
X- Internet
XML Encryption
Yii Framework
Zettabyte FileSystem
ZigBee Technolgy
This is all about the latest information technology presentation topics for students, researchers and other professionals.
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The 7 Hottest Market Trends To Watch In The IT Industry: IDC
‘A nice way to think about AI is it's going to be one of those invisible-in-plain-sight technologies. You're going to wake up and you're going to open up Salesforce and say, ‘Huh, that button wasn't there yesterday,’ says Crawford Del Prete, president of market research firm IDC.
Whether it’s growth in AI , security or cloud infrastructure, the IT industry is predicted to scale in 2024, despite concerns around inflation and the economy.
The rapidly evolving digital landscape is driving the need for structured data and AI-enabled PCs, and AI and automation initiatives are becoming more important for managing data and taking advantage of advanced processing requirements.
Crawford Del Prete, president of Needham, Mass.-based market research firm IDC, spoke last week at the Global Technology Distribution Council summit in Oceanside, Calif., to a room full of vendors and distributors on what IDC is seeing in terms of the trends in the IT market.
Of the companies in 110 countries that IDC surveys, 50 percent of them are operating as a digital business. And today, two-thirds of all products are digital-based.
“They leave a significant digital footprint, I'll go on to say that they drip data,” said Del Prete (pictured). “Those of your customers that can figure out ways to monetize the data that is oozing out of these services are the ones who are going to win long term.”
He said 81 percent of IT leaders expect 2024 spending to increase or remain stable.
However, concerns around inflation, the economy and staffing still remain. “So people are a little bit unsure, but marginally positive,” he said.
“People think it's going to get better,” he said. “That's kind of the underlying impression, and that's pretty consistent around the world.”
In fact, by 2027 IDC predicts the AI market will be worth $500 billion and the GenAI market is predicted to be worth $150 billion. The AI market is expected to shift towards software, services and platforms as generative AI becomes more prevalent.
“A nice way to think about AI is it's going to be one of those invisible-in-plain-sight technologies,” he said. “You're going to wake up and you're going to open up Salesforce and say, ‘Huh, that button wasn't there yesterday.’”
IDC also forecasts that by 2027, 60 percent of the market will be AI-enabled PCs, which are PCs that have an onboard AI processor.
“We’re about to enter a double dutch refresh cycle where you're going to need a refresh, because of an operating system or end of life, and you're going to need a refresh associated with AI PCs. This market is going to deliver significant productivity gains going forward,” he said.
“If you believe that people aren't going to want AI-based PCs that allow you to process at the edge of the network in your data set, you're wrong,” he added. “This is exactly the kind of difference companies are looking for. They're looking to be able to structure their data properly and make better decisions with their data.”
From security to AI to AI Pcs, here are the seven IT market trends to watch.
IDC Predicts AI Market To Be $500B By 2027
By 2027, IDC predicts the AI market to be worth $500 billion and the GenAI market is predicted to be worth $150 billion.
“For AI, we will see people gaining new powers they never had before, we will see that people will start experimenting with generative AI that will move to widening AI,” Del Prete said. “That's a screaming opportunity for automation going forward, and frankly, for what we think is going to be a new world. The software, the services and the platforms that are going to emerge with generative AI are going to be the big differentiators.”
The biggest opportunities associated with AI are software development and creating more automated ways to save time in completing tasks. In fact, IDC’s survey found that organizations around the world expect an average of three-and-a-half percent return on AI investments.
“This is moving very fast and it's changing very, very rapidly,” he said.
AI Impacting Staffing And Security
The IDC survey showed that 63 percent of organizations will not be replacing humans with AI in the next 24 months, and 34 percent said they will be. Of those that will be implementing AI replacements, majority said that only one to 10 percent of their organization’s workforce will be impacted.
The survey also predicts that by 2027 40 percent of current job roles will be redefined or eliminated by the acceleration of AI.
“Work is about to change dramatically as a function of the people getting bionic powers and the ability to do things at scale they were never able to do for,” he said.
The biggest concerns around AI fall around cybersecurity and privacy concerns. Other concerns are developing challenging models, untrustworthy GenAI and companies not having quality data.
“I think as companies get into this problem, they're going to see that they need to structure the data in a better way,” Del Prete said. “Until they fix their data, they're not going to be able to take advantage of AI.”
‘GenAI Is Becoming Embedded Across Multiple Aspects Of Work’
Del Prete said GenAI is “automating the routine on the left hand side and mastering the complex on the right hand side.”
IDC reported that GenAI is being embedded into automation like in-app learning, data optimization like data augmentation and predictive maintenance, content creation like text and audio creation and code generation like code recommendations and translation.
“I think we're going to continue to see the spectrum emerge,” he said. “But I think of it as allowing people to play to their strengths, allowing people to fill in the gaps that they have but gaining superpowers in areas where this will make them significantly more productive.”
Despite Macro-Economic Pressures, The IT Market Remains Resilient
Historically, when the GDP (gross domestic product) takes a hit, IT typically feels the pain. But when COVID-19 happened and the GDP collapsed, IT remained resilient, Del Prete said. The largest growth areas in 2023, and that are expected to grow in 2024, are cloud infrastructure (22 percent), software (12 percent) and storage (10 percent).
“AI is fueling growth coming out of a very supply-constrained environment, particularly for servers,” he said. “For servers and storage infrastructure, our call for this year on a market that was significantly lower, about five percent growth last year, is about 10 percent growth this year. We believe that's going to be largely fueled by GPUs (graphics processing units) and the need to upgrade infrastructure to handle these LLMs (large language models) that are being put into the marketplace.”
Software Services Are On The Rise
IDC predicted that about half of IT spending around the world will be on cloud in 2024.
“It’s really about the cloud,” Del Prete said. “It’s about infrastructure, platform-as-a-service and software-as-a-service. SaaS will grow about 17 percent.”
Other software services that are growing the fastest are security, AI platforms and collaborative apps.
“Collaborative apps, it’s the Zoom products, it’s the Teams products,” he said. “It’s about the productivity and being able to click into a meeting from anywhere. So they’ll continue to be very strong.
“Software is feeding the world and you're going to see the investment in software absolutely continue,” he added. “This will be the stickiest part of the IT market.”
Watch Out For AI PCs
While the PC market has shrunk over the last two years, research shows that it’s expected to see three percent growth this year, “So we’re starting to see signs of life.”
While some of that is due to the refreshment of Windows PCs, IDC predicts a lot of eyes will look to AI PCs, which are PCs that have an onboard AI processor.
“That allows you to do local processing of AI workloads to increase your experience and bring the point of decision out to the edge,” Del Prete said. “The ability to go through your data, even if you're not connected to the cloud, in a rapid manner is extremely differentiating.”
IDC forecast that by 2027 60 percent of the market will be AI-enabled PCs.
Security Is Immune To Budget Cuts
The IDC survey found that when it comes to enterprise businesses and budget reductions, security, risk and compliance are immune. This is followed by infrastructure and IT operation optimization, AI and automation initiatives, application development and workplace solutions.
“This gets us back to being able to manage our data more effectively and being able to take advantage of whatever advanced processing requirements for AI workloads,” he said. “If you're looking to really engage your customers, these are the hot buttons your customers are most interested in going forward.”
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Gulfood dubai 2023, indian it & bpm industry analysis, india’s technology industry revenue was estimated to be us$ 245 billion in fy23., advantage india, growing demand.
* In FY22, the top three Indian IT companies, TCS, Wipro and Infosys, were expected to offer 1.05 lakh job opportunities due to the increasing demand for talent and skill.
* India‘s IT and business services market is projected to reach US$ 19.93 billion by 2025.
* IT spending in India is expected to increase to US$ 110.3 billion in 2023 from an estimated US$ 81.89 billion in 2021.
Global Footprint
* Indian IT firms have delivery centres all across the world.
* IT & BPM industry is well diversified across verticals such as BFSI, telecom and retail.
* Increasing strategic alliance between domestic and international players to deliver solutions across the globe.
Competitive Advantage
* In FY21, India ranked third worldwide with 608,000 cloud experts across all verticals, including technology.
* The computer software and hardware sector in India attracted cumulative foreign direct investment (FDI) inflows worth US$ 97.31 billion between April 2000-September 2023.
Policy Support
* In the Union Budget 2023-24, the allocation for IT and telecom sector stood at Rs. 97,579.05 crore (US$ 11.8 billion).
* In September 2022, the new Telecommunications Bill 2022 was published for public consultation by the Ministry of Communications to creating a new telecom framework in India.
IT & BPM Industry Report
With a considerable impact on the GDP and welfare of the nation, the IT & BPM sector has emerged as one of India's most important economic drivers. In FY22, the IT sector contributed 7.4% of India's GDP, and by 2025, it is anticipated to make up 10% of India's GDP.
According to National Association of Software and Service Companies (Nasscom), the Indian IT industry’s revenue touched US$ 227 billion in FY22, a 15.5% YoY growth. IT spending in India was expected to increase to US$ 110.3 billion in 2023 from an estimated US$ 81.89 billion in 2021.
According to a report published by Microsoft, consultancy firm Bain & Co, and industry body Internet and Mobile Association of India (IAMAI), India produces 16% of the entire world’s AI talent pool – the third highest in the world. PwC India also announced that it was planning to hire 10,000 employees in the cloud and digital technologies space over the next five years.
India's IT industry is likely to hit the US$ 350 billion mark by 2026 and contribute 10% towards the country's gross domestic product (GDP), Infomerics Ratings said in a report.
As an estimate, India’s IT export revenue rose by 9% in constant currency terms to US$ 194 billion in FY23.
Export of IT services was the major contributor, accounting for more than 53% of total IT exports (including hardware).
BPM and engineering and R&D (ER&D) and software products exports accounted for 22% and 25%, respectively of total IT exports during FY23.
The IT industry added 2.9 lakh new jobs taking the industry’s workforce tally to 5.4 million people in FY23.
In 2022, the Indian domestic IT & Business Services market was valued at US$ 13.87 billion and recorded a 7.4% year-over-year (YoY) growth as compared to 7.2% in 2021.
The computer software and hardware sector in India attracted cumulative foreign investment (FDI) inflows worth US$ 95.88 billion between April 2000-June 2023.
PE investments in the IT sector were US$ 23.4 billion in 2021. In 2021, private enterprises in India's IT startup ecosystem got record investments totalling about US$ 36 billion, up from US$ 11 billion in 2020.
Direct employment in the IT services and BPO/ITeS segment was estimated to reach 5.4 million in FY23 with an addition of 290,000 people.
In the Union Budget 2023-24, the allocation for IT and telecom sector stood at Rs. 97,579.05 crore (US$ 11.8 billion).
Amazon Web Services announced the launch of its second AWS infrastructure region in India - the AWS Asia Pacific (Hyderabad) Region. By 2030, it is anticipated that the region will support more than 48,000 full-time jobs annually thanks to investments totalling more than US$ 4.4 billion in India.
Bangalore based edtech startup ‘BygC’ launched India’s first upskilling focused community platform for young graduates and people seeking jobs in the BFSI sector. Tech Mahindra Foundation and Wipro GE Healthcare have also joined forces to offer skilling and upskilling courses to students and healthcare technicians.
SAP India and Microsoft have announced the introduction of TechSaksham, a collaborative skilling initiative aimed at enabling young women (from underprivileged regions) to pursue careers in technology. 62,000 women students will be trained in artificial intelligence (AI), cloud computing, web design and digital marketing.
The revenue of India’s public cloud services market totalled US$ 6.2 billion in 2022, and it is expected to reach US$ 17.8 billion by 2027 growing at a CAGR of 23.4%.
Infosys announced that it has set up an Automotive Digital Technology and Innovation Centre in Stuttgart, Germany. Automotive IT infrastructure professionals stationed in Germany will transfer from Daimler AG to the new Digital Technology and Innovation Centre as part of Infosys' relationship with Daimler.
With regards to government initiatives, the government has introduced the STP Scheme, which is a 100% export-oriented scheme for the development and export of computer software, including export of professional services using communication links or physical media.
Cabinet approved PLI Scheme – 2.0 for IT Hardware with a budgetary outlay Rs. 17,000 crore (US$ 2.06 billion).
The Indian government announced a plan to build a cyber-lab for the ‘Online Capacity Building Programme on Crime Investigation, Cyber Law and Digital Forensics’ to strengthen cyber security capabilities.
The Data Security Council of India (DSCI) - National Center of Excellence for Cyber Security Technology Development (NCoE) and Chitkara University have collaborated to undertake joint programmes on cyber security and privacy.
The Indian government launched the Meghalaya Enterprise Architecture Project (MeghEA) to boost service delivery and governance in the state by leveraging digital technologies, to make Meghalaya a high-income state by 2030.
This push towards cloud services has boosted hyper-scale data centre investments, with global investments estimated to exceed US$ 200 billion annually by 2025. India is expected to gain a significant share in the global market, with the country's investment expected to hit US$ 5 billion annually by 2025. India’s data centre market is expected to reach a value of US$ 9.96 billion by 2028 from US$ 5.42 billion in 2022, growing at a CAGR of 10.69%
By 2025-26, India is expected to have 60–65 million jobs that require digital skills, according to a Ministry of Electronics & IT report titled "India's trillion-dollar digital opportunity."
Notes: * - As per Gartner, ^ - Artificial Intelligence
References: Media Reports, Press Information Bureau (PIB), Department for Promotion of Industry and Internal Trade (DPIIT), Department of Information and Technology, Union Budget 2023-24
Related News
The preceding year signifies a pivotal moment for Generative AI, signifying its ascent to mainstream prominence. India is positioned to become the global hub for Generative AI.
Tufts University's Fletcher School recognises India as having the most significant upward potential among the top 25 Artificial Intelligence nations, securing the 15th position.
India's consumer tech sector targets US$ 300 billion by 2027, driven by robust mobility and entertainment segments, reports Chiratae Ventures.
Prime Minister Mr. Narendra Modi launches AI Mission, driving applications in agriculture, healthcare, and education, emphasizing global ethical AI frameworks and responsible technology.
India's mobile manufacturing skyrockets to US$ 50 billion, aiming for top export positions and on track for a US$ 1 trillion goal.
Sector-wise breakup of export revenue FY19
- IT Services
- E R&D and software products
Industry Contacts
- Ministry of Electronics and Information Technology
- National Association of Software and Services Companies (NASSCOM)
INDIA FUTURE READY
India is the topmost offshoring destination for IT companies across the world. Industry is expected to grow to US$ 19.93 billion by 2025.
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Working in the IT Industry
Apr 04, 2019
350 likes | 477 Views
Working in the IT Industry. I . T. Posts. General based jobs Solutions A rchitect.
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- junior it support position
- customer care
- effective listening skills
- senior it support analyst
- internal network security
Presentation Transcript
Working in the IT Industry I . T. Posts
Generalbased jobsSolutions Architect • A Solutions Architect is an information technology professional who designs computer systems, networks, applications and user interfaces for an organization. These professionals typically work with internal and external customers to develop systems to required business specifications. • In most cases, these professionals have a wide range of technical knowledge, rather than focusing their skills in a specific area of information technology. • Design • A solution architect is responsible for understanding internal and external customer needs, and designing computer and network systems that allow customers to implement systems for their technology business applications. • This involves performing system and network modelling, analysis and planning to implement a solution that will meet business needs within financial budget guidelines. • This may include researching software and hardware products or services, and finding best solutions and prices to meet business requirements. • In most cases, the architect presents and translates the design to customers to ensure the design will meet the customers' requirements.
Solutions Architect (contd) • Development • After the design of systems are completed, the solutions architect translates the requirements to internal information technology teams such as software and hardware programmers, developers and network administrators to successfully implement the design. • This can include delegating development responsibilities to ensure the project is completed in a required time frame. • As a technical expert, the architect often provides guidance and makes decisions on changes required throughout the design process, and may also do some of the development along with the team of information technology professionals. • Analysis • Along with design and development, an architect reviews and analyses current technology infrastructure and its ability to support strategic objectives of an employer or customer. • This includes working with all departments within an organization to assist in the improvement of business processes, testing systems to ensure functionality is satisfactory and recommending new systems or product upgrades
General based jobs Solutions Implementation Consultant (Also refer to next slide) • A Solutions Implementation Consultant ensures the successful delivery of large solutions to clients by taking a technical leadership role in the analysis, design, construction and management of the solution and playing a key liaison role with the client. • He/she will also play a key role in the sales cycle and take an active part in process, product and/or staff development and improvement. • He/she will gather and analyse clients' business and functional requirements converting them into effective designs for small-medium sized solutions. They will also design and undertake unit/integration/system testing and support User Acceptance Testing (UAT), paying attention to versioning and transition from development and test to production phases
Solutions Implementation Consultant Skills: • Proficient in all Microsoft Office applications. • Able to perform database management activities, extract reports, analyse information. • Excellent written and oral communication skills. Proven effective listening skills. Highly developed presentation skills with the ability to develop the same in others. Solicits different viewpoints; shares knowledge and insights. • Able to quickly establish rapport, gain and maintain credibility with diverse audiences. • Quickly learns new technologies and easily works with complex systems and processes Soft skills & Characteristics: • Remains poised and professional under stressful conditions; maintains calm, patient demeanour while driving to meet deadlines. Requires the following characteristics: professional, leader, motivator, results and quality oriented, proactive and responsive
General based jobs- -Network Manager(Also refer to next slide) Management responsibilities for the operation and administration of the company’s internal networks, servers, email and network security systems • Duties and Responsibilities • ■Administration and maintenance of critical web and database servers • ■Configuration and set-up of all new server systems required either internally for the company’s activities or for external clients. • ■Firewall administration and overall internal network security. • ■Administration of email servers for company-wide email and for management of email handling systems for clients across many domains. • ■Maintenance of existing Anti-Spam and anti-virus systems and the setting of new Anti-Spam policies. • ■■Basic operational support for internal employee computer systems e.g. Windows 7
General based jobs- -Network Manager • Skills / Attributes Required • ■Good working knowledge of the following operating systems: - Windows 7 • ■Experience of administering Linux systems. • ■Good working knowledge of major networking components, network operating systems and basic computer hardware components • ■Proven and relevant working experience in a busy, client focused organisation. • ■MCSE Certification is desirable. • ■Hands on knowledge of the procedures used in the installation, modification maintenance and repair of IT hardware and software • Problem-solving skills are essential
General based jobsIT Support (Also refer to next slide) • IT support personnel monitor and maintain the computer systems, networks, and main infrastructure of a business or an organisation. Technical problems within the organisation are usually fixed by them and they diagnose hardware and software problems in the computers and related equipment.Support Managers are also responsible for first configuring and installing operating systems on a computer, and making changes in the network as fit. They install new software as needed by the organization and businesses and set up new user accounts for their employees. In addition to all these things, new hardware is ordered by them as they find fit. All of these things are expected from an IT support analyst or manager. • A job for a junior IT support position may involve on-site tech support, and operating system and software diagnostics. Many companies need at least two to four years of experience, and have an extensive knowledge of the Windows operating system and the hardware within a computer. • Some other organizations may have an additional requirement that you have experience in other operating systems, like Mac OS X and Linux. You may also need to have good communication skills, as you will be helping clients resolve their problems often during your time on the job. • A senior IT support analyst may have quite a few more duties expected of him or her. • They will be responsible for setting up all new hardware, including servers and network routers that may arrive at the company`s office. A good knowledge of several programming languages, TCP/IP networking and firewalls is required for most of the available positions out there. You will be in charge of all the junior IT support analysts under you, and assign them jobs to do.
General –Support Technician/Helpdesk (refer to next slide) • Technical Support/Helpdesk • As a technical support/helpdesk professional you're on the front line when it comes to supporting clients and employees who are having technical issues. This could be a problem with software, like a forgotten password, a virus or email issues, or it could be a problem with the equipment itself. • You could work for a software or equipment supplier providing after-sales support. You could work for a company that specialises in providing IT maintenance and support or you might work in-house supporting the business directly. Thanks to advances in technology, more and more of your work will be completed from your desk. • Using web-based technologies you can follow the problems a user is experiencing on-screen and talk them through the solution on the phone or send a 'fix' directly to their PC via the internet. • If it's a problem with the equipment you'll need to get an engineer in to sort it or go and fix it yourself.Working with customers/employees to identify computer problems and advising on the solution • Logging and keeping records of customer/employee queries • Analysing call logs so you can spot common trends and underlying problems • Updating self-help documents so customers/employees can try to fix problems themselves • Working with field engineers to visit customers/employees if the problem is more serious • Testing and fixing faulty equipment
Support Technician/Helpdesk • Skills / Attributes Required You'll need to be good with technology but also good at explaining it to people in a clear way. The skills that will help you most in the job are: • An ability to assess each customer/employees IT knowledge levels • Being good with difficult callers • An ability to think logically • Good analytical and problem-solving skills • Up to date IT and helpdesk skills • An in-depth understanding of the software and equipment your customers/employees are using • Good interpersonal and customer care skills • Good accurate records keeping
General based jobs– Technical Writer (See next slide also) • Duties • Organize material and complete writing assignment according to set standards regarding order, clarity, conciseness, style, and terminology. • Maintain records and files of work and revisions. • Edit, standardize, or make changes to material prepared by other writers or establishment personnel. • Confer with customer representatives, vendors, plant executives, or publisher to establish technical specifications and to determine subject material to be developed for publication. • Review published materials and recommend revisions or changes in scope, format, content, and methods of reproduction and binding. • Select photographs, drawings, sketches, diagrams, and charts to illustrate material. • Study drawings, specifications, mock-ups, and product samples to integrate and delineate technology, operating procedure, and production sequence and detail. • Interview production and engineering personnel and read journals and other material to become familiar with product technologies and production methods. • Observe production, developmental, and experimental activities to determine operating procedure and detail. • Arrange for typing, duplication, and distribution of material. • Assist in laying out material for publication. • Analyse developments in specific field to determine need for revisions in previously published materials and development of new material. • Review manufacturer's and trade catalogues, drawings and other data relative to operation, maintenance, and service of equipment. • Draw sketches to illustrate specified materials or assembly sequence.
General based jobs– Technical Writer • Skills & Characteristics required • Reading Comprehension -- Understanding written sentences and paragraphs in work related documents.Writing -- Communicating effectively in writing as appropriate for the needs of the audience.Time Management -- Managing one's own time and the time of others.Active Learning -- Understanding the implications of new information for both current and future problem-solving and decision-making.Active Listening -- Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.Learning Strategies -- Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.Critical Thinking -- Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.Complex Problem Solving -- Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.Judgment and Decision Making -- Considering the relative costs and benefits of potential actions to choose the most appropriate one.Speaking -- Talking to others to convey information effectively.
Hardware based jobs – Systems designers/builder/architect (see next slide) • Systems Designers analyse, design and modify networks, computer systems and websites. • The skills of systems designers are called upon when new networks, websites or IT systems are required or when operational problems are encountered with existing systems. • They research current arrangements, consult clients and systems analysts about required specifications and produce designs that utilise suitable software and hardware. • They then liaise with other IT staff such as software engineers and programmers in the production, installation and implementation of the new system, before testing and modifying it to ensure that that it operates reliably. • Systems designers are predominantly employed by software firms, IT consultancies and large engineering, telecommunications and computer companies. Employers also include major commercial and industrial organisations, retailers, the Civil Service and financial institutions. Self-employment is often possible for designers with several years' experience.
Systems designers/builder/architect Skills & characteristics required • Computer literacy and familiarity with programming languages and relevant software is essential to the job. Few designers enter the profession immediately after graduation: the majority begin their careers as programmers or analysts. • Graduates with a computer science or software engineering degree are generally preferred, although a scientific, technical, engineering or mathematics degree and/or programming experience gained during placements and vacation work may also be helpful. • For graduates without experience or a relevant qualification, a postgraduate IT conversion course can be of benefit. • Potential recruits must be meticulous and logical in their work and capable of meeting high standards in programming aptitude tests. Team working, analytical and verbal/written communication skills are also important.
Hardware based jobs- – IT Systems Engineer • As an IT Systems Engineer, you will be responsible for analysing and optimising Microsoft Windows systems and related components to improve the availability and performance of various business applications. • This role requires your excellent analysis and troubleshooting skills to review the existing infrastructures and implement tactical fixes and long term improvements with the aim of reducing the number of service affecting incidents. In addition to the above, you will troubleshoot and resolve hardware and software problems, assist in quality assurance testing, monitor and test system performance and conduct research on Microsoft-related hardware and software. Your other duties will include: - Analysing existing Microsoft systems and network infrastructures- Analysing service incidents and identifying root causes of any issues- Designing and implementing systems and processes to migrate users away from legacy platforms- Designing and implementing highly resilient web infrastructures
Hardware based jobsSystems Administrator (Refer to next slide also) • The main duties and responsibilities for the Systems Administrator are-* Full lifecycle systems responsibilities of computers, network hardware, office equipment, printers, phone system, • * Maintenance of network security, firewalls, VPNs, managing host security, file permissions, backup and disaster recovery plans, file system integrity, and adding and deleting users. * Administer and maintain Exchange Server, Domain Controller, Storage Server, and Application Servers.* Liaise with 3rd party vendors in the upkeep and administration of WAN, MPLS Cloud, adsl vendors, server hosting companies, hardware vendors* Work with hosted SQL DB and Application servers vendor to achieve maximum server productivity and output by managing outages and monitoring performance * Assists with technology planning through on-going research. * Research and perform on-going performance tuning, hardware upgrades, and resource optimization as required. * Perform daily system monitoring.* Eliminating and proactively preventing Viruses both local and remotely* Liaising with remote store personnel, remote contracted IT professionals, local hardware and software contractors worldwide to clearly advise and determine the best overall solution to minimise operational downtime.* Maintain site licenses and Assets for department/organization* Administration of email servers for company-wide email. * Provide telephone and desktop support to internal users.
Systems Administrator • Skills & characteristics required * Provide professional support whilst supporting non-technically minded end users via Phone and remote login.* Ability to work with minimal supervision* Ability to manage multiple projects, activities and tasks simultaneously. * Ability to negotiate hardware/software service and technical support contracts with vendors. * Responsibilities may require evening and weekend work in response to needs of the systems being supported.* Experience in Retail a strong bonus, but not required* Experience with SQL administration, Microsoft Dynamics
Hardware based jobs- –Technical Services Specialist (refer to next slide also) • The Technical Services Specialist is responsible for providing support and assistance with hardware and softwareJob Responsibilities:• Configure computers for employees and guests at all levels of seniority and IT literacy, including software installations, network configurations, hardware integration and final testing.• Troubleshoot and repair in-house systems. In addition to hardware failures, this includes difficulties with software such as system freezes, application crashes, and slow performance.• Set up, maintain, support and arrange repairs for printers.• Provide off-site support for employees’ home systems located regionally. • Maintain current information regarding new products, drivers, versions, etc. relevant to in-house systems and software. Acquire and distribute new products as is appropriate.• Liaise with internal/external support personnel where needed for the setup of special projects – such as shows, demonstrations and on-site training courses. Where appropriate, provide informal technical training to users for minor tasks.• Ensure that all support calls are logged and recorded.
Hardware based jobs – Technical Services Specialist (refer to next slide also) Skills & Characteristics required• Experience configuring, maintaining and troubleshooting PC hardware and operating systems in a networked environment.• Desktop support skills, centred around Windows and Microsoft Office suites.• Proven problem-solving and technical support skills.• Strong interpersonal and communication skills with a positive and pro-active attitude towards end-user problems.• Basic knowledge of TCP/IP networking. Ability to configure client network connectivity.• Extremely high accuracy and attention to detail.• Ability to respond promptly to technical support issues, occasionally during nights and weekends.
Software based jobs - Systems programmers (refer to next slide also) • Systems Programmers produce, install and implement new and modified computer systems, networks and related operating software. • Most systems programmers are employed by computer manufacturers and systems software houses. Self-employment via contract and consultancy work is increasingly common for programmers with relevant experience. Responsibilities of the job include: • researching and examining current systems and consulting users • liaising with colleagues such as systems analysts and designers • writing software and operating manuals • testing and modifying systems to ensure that they operate reliably • fault finding and fixing. • Programmers may also be responsible for user training, support and feedback. The work can be demanding at times, particularly as deadlines approach, when extra hours may be required. There are excellent promotional prospects for employees willing to move into managerial positions and/or to change jobs regularly.
Software based jobs- Systems programmers • What's required – Skills & characteristics • Employers normally prefer graduates with honours degrees in appropriate subjects such as physics, mathematics, computer science/engineering and microelectronics. For graduates without relevant qualifications, a postgraduate IT conversion course or a technical postgraduate degree can be of benefit. Relevant work experience is also often necessary. Employers seek graduates who are resourceful, meticulous and logical in their work and capable of meeting high standards in programming aptitude tests. Good analytical and problem solving skills are also important
Softwarebased jobs- Applications programmers (refer to next slide also) • Applications programmers are responsible for producing new/modified computer applications - from research and design to implementation, training and support • Applications programmers write code to create software applications. For larger applications, programmers may work in a team to complete different aspects of the system. • In designing new or modified applications, the first task a programmer undertakes is to research and examine current systems and talk to users (requirements gathering). Then, once proposals have been agreed, the new software and operating manuals are written and the product is tested and modified to ensure that it operates satisfactorily. Programmers may also be responsible for user training, support and feedback. The job can involve some pressure to meet deadlines at times, when extra hours may be required. • Applications programmers are employed by telecommunications, engineering and computer companies, service industries, information technology/software consultancy firms, commercial and industrial organisations, the Civil Service and financial institutions. Self-employment via contract and consultancy work is possible for programmers with several years' experience.
Softwarebased jobs- Applications programmers • Qualifications and training required • Although training is normally provided to successful candidates, computer literacy and familiarity with programming languages and general software is essential. Consequently, employers normally prefer graduates with a degree in an appropriate subject such as physics, engineering, mathematics, computer science or software engineering. For graduates without a relevant qualification, a postgraduate IT conversion course can be of benefit. Alternatively there are many part-time programming and computing courses available. Relevant work experience can also be advantageous. • Key skills for applications programmers • Programmers are often competent in more than one programming language (eg C, C++, Java). In addition to a core programming language, employers seek graduates who are meticulous and logical in their work and capable of meeting high standards in programming aptitude tests.
Softwarebased jobs-Web Developer/designer/multimedia programmer • Web designer • Web designers plan, create and code internet sites and web pages, many of which combine text with sounds, pictures, graphics and video-clips. • Web designers are predominantly employed by software firms, IT consultancies, specialist web design companies and large corporate organisations, but they may work for any organisation that uses computer systems. Self-employment/freelance work is commonly possible for individuals with appropriate experience. Responsibilities of the job include: • meeting/liaising with clients to discuss requirements and/or project progress • creating web site designs • producing sample sites • demonstrating and receiving feedback about draft sites • keeping up-to-date with recent technological and software developments • developing skills and expertise in appropriate software/programming languages including html, Javascript etc. • producing products that are user-friendly, effective and appealing • working as part of a multi-disciplinary team. • The work is not normally stressful, but there can be some pressure to meet deadlines, when extra hours may be required. Promotional prospects are excellent for employees willing to change jobs regularly. Individuals holding relevant experience can command good salaries.
Web Developer/designer/multimedia programmer (see next slide) • A degree in any subject is acceptable for entry into the profession, although employers may seek graduates with relevant IT, computer science or engineering qualifications. Conversely, however, some employers prefer candidates from non-technical backgrounds. Generally, computing experience or a postgraduate IT conversion course (for graduates without relevant degrees) can be useful. • Candidates should be able to demonstrate that they possess imagination, creativity, patience, attention to detail and good analytical and communication skills.
Softwarebased jobs-Systems Analyst(refer to next slide also) • Systems analysts are responsible for the complete life-cycle of a new/modified IT system, from analysing existing arrangements to implementing systems and providing training. • When recruiting systems analysts, employers consider relevant experience and a logical mind to be more important than the degree subject studied. • What it involves • Many systems analysts are employed by information technology/software consultancy firms. Employers also include commercial and industrial organisations, the Civil Service, retailers, service industries and financial institutions. Self employment is possible for individuals with several years' relevant experience. • The skills of systems analysts are called upon when operational problems are encountered with IT systems. They examine current systems, talk to users (requirements gathering) and produce specifications for new or modified systems. Once the proposed changes have been accepted they liaise with other IT staff such as programmers to produce and implement the new system. They are also responsible for user training and feedback. Travel is a key feature of the job as the majority of work is undertaken at clients' premises.
Systems Analyst • What's required – Skills & characteristics • A genuine interest in and enthusiasm for IT is often more important than your degree subject, although graduates with a technical background (physics, mathematics, computation or software engineering) are preferred. • Arts and humanities graduates should be able to demonstrate their interest in computers and IT (a 2.1 would generally be required) and a postgraduate IT conversion course can be useful. Employers often require candidates to meet high standards in programming aptitude tests.
Investigation & Development based jobs based jobs-Systems designers (See next slide) • Systems designers (also known as systems builders or architects) analyse, design and modify networks, computer systems and websites. • The skills of systems designers are called upon when new networks, websites or IT systems are required or when operational problems are encountered with existing systems. • They research current arrangements, consult clients and systems analysts about required specifications and produce designs that utilise suitable software and hardware. • They then liaise with other IT staff such as software engineers and programmers in the production, installation and implementation of the new system, before testing and modifying it to ensure that that it operates reliably. • Systems designers are predominantly employed by software firms, IT consultancies and large engineering, telecommunications and computer companies. Employers also include major commercial and industrial organisations, retailers, the Civil Service and financial institutions. Self-employment is often possible for designers with several years' experience.
Systems designers • What's required – Skills & characteristics • Computer literacy and familiarity with programming languages and relevant software is essential to the job. Few designers enter the profession immediately after graduation: the majority begin their careers as programmers or analysts. • Graduates with a computer science or software engineering degree are generally preferred, although a scientific, technical, engineering or mathematics degree and/or programming experience gained during placements and vacation work may also be helpful. For graduates without experience or a relevant qualification, a postgraduate IT conversion course can be of benefit. • Potential recruits must be meticulous and logical in their work and capable of meeting high standards in programming aptitude tests. Teamworking, analytical and verbal/written communication skills are also important.
Investigation & Development based jobs Project managers • Project managers are responsible for the planning, management, co-ordination and financial control of a construction project. • Project managers ensure that the client's requirements are met, the project is completed on time and within budget and that everyone else is doing their job properly. Depending on the project, responsibilities can cover all aspects from the design stage through to completion and handover to the client. • What does it involve? • representing the client's interest • providing independent advice on the management of projects • organising the various professional people working on a project • making sure that all the aims of the project are met • making sure the quality standards are met by visiting sites and testing out equipment • using the latest IT to keep track of people and progress • accounting, costing and billing.
Project Manager– Skills & characteristics • A project manager needs good organisational and communication skills, because there is no room for mistakes. Before going into this role you will need lots of experience. • Firstly, you will need to be aware of all the different kinds or people involved in a project - what they do and how they work together. Then you should have the knowledge and the management skills to get the best out of them.
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2024 Construction Trends: 30+ Experts Share Insight
In 2023, the construction industry grappled with the lingering effects of supply chain disruptions, inflation, and ever-present labor shortages —a narrative that has become all too familiar.
But amidst these challenges, construction pros remained as resilient and innovative as ever. We adopted new technologies, embraced sustainable building practices, and were more vocal about the benefits of working in the AEC field.
And things continue to look up: Data from Deloitte shows a 7.4% increase in total construction spending in Q3 of 2023. Moreover, Reportlinker forecasts the global construction market to see a 17.2% CAGR from 2023 to 2028.
The future is bright for the construction industry, and the best way to prepare is to stay informed and adaptive to emerging trends.
Join a live discussion on top construction trends: Digital Builder Podcast Live: Construction Trends for 2024
To that end, we caught up with 30+ industry experts and insiders who have generously shared their perspectives and predictions for 2024.
Check out what they have to say and use their insights to kick off strong in the coming year:
- 2024 construction trends – video recap
- Kelly Barber, Pennsylvania Department of Transportation
- Akshay Barde, Oberoi Realty Limited
- James Niyonkuru Bicamumpaka, Webcor Builders
- Stephen Brooke, Burns & McDonnell
- Brad Buckles, Charles Perry Partners, Inc.
- Amy Bunszel, Autodesk
- Ariel Castillo, Miller-Davis Company
- Ariana Cohn, TIMBERLAB
- Gert-Jan Ditsel, Dura Vermeer
- Mark Dyke, Ferris State University
- Brandon Floyd, Rosendin Electric
- Nicolas Fonta, Autodesk
- Tim Gaylord, DPR
- Emmanuel Graves, GE Johnson
- Sidharth Haksar, Autodesk
- Matt Hayward, Aurecon (Digital Lead, Land and Water New Zealand, Aurecon)
- Nicholas Klokholm, Autodesk
- Olivier Lepinoy, Hyper Construction
- Justin Lipsey, Autodesk
- Randi Lucas, CNY Group
- Mateusz Lukasiewicz, KEO International Consultants
- Jim Lynch, Autodesk
- Ian McGaw, Vantage Data Centers
- Michael Milligan, SSEN Transmission
- James Mize, CRB
- Marcus O’Brien, Autodesk
- Maria Fernanda Olmos, Unispace Global
- Andrew Pangallo, Indiana Department of Transportation
- Aaron Perry, Allford Hall Monaghan Morris
- Allison Scott, Autodesk
- Heather Sonderquist, Jacobsen Construction
- Christy Steffen, Gaylor Electric
- Mark Jason Villanueva, Newcon Builders Pte. Ltd.
- Ross Wagner, Autodesk
- May Winfield, Buro Happold
- John Lim Ji Xiong, Gamuda Bhd
- Tomislav Zigo, Clayco
2024 Construction Trends – A Video Recap
We also asked a few industry experts to share insight for 2024 construction trends and predictions on video. Watch what they have to say:
AR and Drone’s Impact on the Industry
“Some of the biggest construction trends and innovations that we are starting to explore are the use of AR and drones. AR has the massive potential to bring the rich information that typically stays in the office to the field. By leveraging 3D models in the field, teams can walk the projects, and ensure constructability and maintainability without having to wait for a designer to be brought on site. The key is to integrate AR seamlessly with communication processes to maintain effective collaboration without the traditional silos and disconnects between the office and field.
We are also navigating the use of drones for construction analytics. There is a significant opportunity to do risk-based inspections with this technology moving forward by providing accurate measurements and data.”
A Global Rise in Modular
“In 2024, the Indian construction industry will continue to align with global themes. This could involve an increased focus on sustainable construction, leveraging advanced technologies like BIM, and adopting eco-friendly building practices.
Additionally, India may see a rise in modular construction methods to enhance efficiency and address housing demands. Given the evolving nature of the industry, it’s crucial to stay updated on regional developments and government initiatives that may influence construction trends.”
Growth in Robotics, Hybrid Work, Data Tracking, and AR / VR
“I believe in 2024 we will see i ncreased use of construction robots as their quality of work, safety metrics, cost savings, and schedule-saving opportunities become more and more apparent across the industry from earlier users. Connected to this is that we will see more field workers get technical skills in learning how to interact and work with robots to their advantage while performing their tasks.
We will also see more companies in the AEC sector adopting hybrid work schedules by noticing the evolving preferences of the modern workforce which highlights the need for companies to be open to flexible work arrangements.
Data tracking will increase, such as tracking CO2 emissions and diverse supplier spending, as more and more companies and clients, both private and public, are driving environmental and socio-economic change in the industry by prioritizing aspects beyond the financial performance of projects.
And finally, increased use of VR and AR in transforming simulation, training, and on-site safety while allowing employees to learn new skills in a secure and engaging setting.”
AI and Data’s Impact on the Industry
“Looking ahead to emerging construction trends, it’s the combination of two key areas that have significant buzz and are starting to drive more industry innovation: artificial intelligence (AI) and data. We’ve just merely scratched the surface for AI in the industry and this year is going to be huge in determining which innovations will provide the most value and give us better data. The goal is to leverage data for QA and QC, eliminate duplication, and create more project efficiencies.
At Burns & McDonnell, one of our top priorities is determining how we can take this data to the next level. The focus is on leveraging AI and data to make teams more efficient and achieve better project outcomes. But ultimately, it’s about empowering success for our clients.”
Continued Investment in Automation and Robotic Technologies
“Prefabricated construction should be a focus in 2024, whilst companies continue to improve the supply chain process and coordination. The industry will continue to be impacted by an ever-growing shortage of skilled labor, leading to greater investment in training and education programs. It is a must that we rapidly invest in continued automation and robotic technologies to compensate for the labor shortage. AI has and will continue to help augment staffing shortages while increasing accuracy and improving time-to-delivery. Prefabricated construction again could help ease labor shortages. Historically, construction has been behind the curve in adopting technology. It is now critical that technology is not only utilized at an increased level, but also improvements continue to be made to simplify the use, while aiding in improving schedule, safety, and cost overrun risks. Technology must drive efficient project planning, better coordination amongst the trades and design team, and reduce construction times.”
The Strength of Industrialized Construction
“Industrialized construction is a trend that I am particularly enthusiastic about in 2024 and beyond. Across the world, I have seen some remarkable projects that showcase the benefits of industrialized construction. With AI advancements as well as ongoing efforts to optimize workflows within the industry, we’re going to see project efficiency scale. This is going to unlock some tremendous opportunities for industry-wide productivity and sustainability.
Secondly, renovation projects are becoming increasingly significant in the coming years. It’s projected that over half of all construction projects in the future will involve renovations. Recently, I had the opportunity to witness an incredible example in Australia – the AMP Centre in Sydney, now known as Quay Quarter Tower. This building underwent a transformative renovation where it was stripped down to its core and rebuilt, resulting in a brand-new structure. The outcome was sustainable and innovative and only highlights the exciting possibilities with more renovations.”
Greater Integration and Collaboration
“I anticipate that in 2024 our industry will maintain its course toward greater integration and collaboration, placing significant emphasis on harnessing Common Data Environment solutions. The involvement of all project stakeholders from a project’s start will be critical for improved design and project management, facilitating more extensive utilization of BIM and, subsequently, supporting the adoption of prefabrication and modular construction techniques.
Workforce challenges will continue to present obstacles, but therein lies the opportunity to invest in training and enhance workers’ digital literacy to improve efficiency and productivity.”
Opportunities for Digital Construction and Mass Timber
“Looking ahead to 2024 and beyond, I see massive opportunities for the intersection of digital construction and mass timber. Currently, there is a lot of research being done to explore and test the use of mass timber for different structural elements. This would allow us to use wood in applications that we currently are only using steel or concrete for, as well as further develop hybrid systems. I’m excited about all the possibilities this opens and how we can improve the adoption and versatility of mass timber within the industry.
The next decade will also bring an increased emphasis on prefabrication within construction. With so much construction disruption happening within our cities today, minimizing time on site becomes even more critical. Embracing more prefabrication and offsite construction methods will help reduce disruptions in addition to improving efficiency and enhancing construction processes overall.”
Investing in Data Quality
“To me, the biggest trend for 2024 will be that we are going to invest in our own data quality. To have logic in place and connect information and platforms with integrations while creating data richness and quality inside our divisions will be pivotal for us in 2024.”
Growing Focus on Data Collection and Mental Health in Construction
“Data collection is something I am excited about. I teach about robotics and drones and laser scans, and I have for a while. The way we’re now collecting data and analyzing data, will enable us to predict, control, and ultimately produce better outcomes. Embracing this data is essential as we all know there are fewer people in the industry today.
On the other side, mental health and worker well-being are gaining well-deserved recognition and awareness across the construction industry. There is a growing focus on prioritizing worker well-being to ensure a better quality of life for the workforce. By recognizing our gaps and failures of the past, we can move the entire industry forward by teaching the next generation how to prioritize their mental health, resulting in better projects and, most importantly, happier, more fulfilled workers.”
Growing Power of Predictive Analytics and Mixed Reality
“Looking ahead to top construction trends of 2024, I see two key areas to keep in mind: predictive analytics and mixed reality. Predictive analytics allows proactive identification of issues. By harnessing data and utilizing advanced analytics tools, construction professionals can proactively identify potential issues and red flags before they occur on-site. On the other hand, mixed reality tools like VR and AR, as well as site scanning devices, improve visualization and data capture on construction sites.”
Continuing Evolution of eXtended Reality in Construction
“ XR (eXtended Reality) has witnessed significant technological and experiential advancements over the past five years, making it more suitable than ever for the AEC industry. Specifically in construction, firms are primarily utilizing XR in pre-construction for collaborative design reviews and constructability reviews, as well as for coordinating design and build on the job site. By connecting XR experiences to common data environments, professionals are able to enhance their collective understanding of the intended space and identify issues earlier in the process. This ultimately results in fewer errors, reduced material waste, significant cost savings, and the avoidance of scheduling delays.
The evolution of XR into real and practical applications has become a reality, enabling AEC professionals to collaborate more effectively and stay connected to their data within the appropriate context. We believe that this is just the beginning of what we can expect in the next decade.”
Robotics, AR, and VR
“Robotics is gaining significant momentum as it supplements our craft and removes our teams from harmful conditions. If we are looking long term and truly thinking big, I think the potential that robotics will build in new and wild environments, like in space, is incredible.
We also can’t forget about the potential of AR and VR. As hardware catches up with software advancements, these immersive technologies offer extensive possibilities. Imagine wearing smart visors or glasses that provide readily accessible data, revolutionizing construction processes and making them more efficient and precise. It’s like being able to build with LEGOS and knowing exactly where the next piece needs to be without having to consult paper instructions.”
Robust Digital Strategies and Automation to Streamline Operations
“In 2024, I predict that the construction industry will begin formalizing a robust digital strategy for data collection. Visionary leadership will champion a comprehensive approach, emphasizing not only the collection of project data but also fostering a culture that incentivizes stakeholders to prioritize data integrity throughout the entire project lifecycle. Forward-thinking owners, committed to digital excellence, will prioritize the quality and sustainability of their capital projects over expediting timelines using cheaper labor or materials, recognizing the potential for future rework.
The AEC industry overall will witness an increased embrace of technology beyond traditional IT, VDC, and BIM departments. This shift will encourage project teams to familiarize themselves with concepts like a common data environment through digital transformations, gradually replacing conventional methods of document sharing via email attachments. Teams will be encouraged to communicate through a singular source of truth, facilitated by cloud environments like the Autodesk Construction Cloud.
Automation will play a pivotal role in streamlining operations, with a focus on simplifying data entry tasks to reduce the likelihood of burnout among project engineers. This approach will significantly enhance efficiency while incentivizing ways to automate various business functions, like auto-tagging photos and implementing auto-naming conventions for all documents and files. I’m looking forward to observing the trends and predictions that unfold within the construction industry in 2024.”
Increased Focus on Preconstruction and Prequalification to Derisk Projects
“As the construction industry continues to evolve, several key trends are expected to shape the landscape in 2024. One prominent trend is the increased focus on preconstruction, especially with a strong emphasis on multistakeholder collaboration in the planning process. This more collaborative approach helps to derisk project outcomes by involving all relevant parties upfront, enabling better coordination and alignment from the start.
With projects coming under greater scrutiny in the coming years, contractors will turn to more proactive approaches to lower their risk. Expect to see subcontractor prequalification grow in importance as a way for firms to vet specialty contractors more extensively to prevent defaults and delinquencies. Additionally, contractors and owners will look for new ways to get deeper insights into their supply chain to build more resiliency in times of uncertainty, prevent disruptions, and maintain project timelines and budgets.
Automation is set to play a more significant role in the construction industry’s transformation in 2024. Specifically, automation in the invoicing and payment process will expand to drive improvements in payment cycle times. By streamlining these administrative tasks, construction companies can reduce delays and enhance cash flow, benefiting both contractors and subcontractors.
Data management will also continue to evolve. Construction businesses recognize the value of unlocking insights from past projects to inform existing and future ones. By leveraging data analytics and project management systems, companies can identify patterns, optimize processes, and make more informed decisions.
Lastly, there is a growing trend towards self-performing by GCs as a strategic response to the industry labor shortage. By expanding their in-house capabilities, GCs can navigate the challenges of a shrinking skilled workforce and maintain better control over project quality, timelines, and potentially drive higher profit margins.”
In 2024, the construction industry will move quickly towards an asset-first approach in design, construction, handover, and operations. This means that the industry will increasingly focus on leveraging asset and supplementary data to drive model-based workflows. This approach will enable better and more sustainable outcomes, fast iterative design, quantity assessment, project management, site management, and more efficient construction practices. Ultimately, this shift will help create long-lasting assets that are optimized for performance and longevity.
A Shift to an Asset-First Approach in Design, Construction, Handover, and Operations
Matt Hayward, Kaiwhakahaere Matihiko Whenua me te Wai Aotearoa, Aurecon (Digital Lead, Land and Water New Zealand, Aurecon)
“In 2024, the construction industry will move quickly towards an asset-first approach in design, construction, handover, and operations. This means that the industry will increasingly focus on leveraging asset and supplementary data to drive model-based workflows. This approach will enable better and more sustainable outcomes, fast iterative design, quantity assessment, project management, site management, and more efficient construction practices. Ultimately, this shift will help create long-lasting assets that are optimized for performance and longevity.”
An Increased Focus on Sustainability
“In 2024 the Nordics construction sector will continue to focus on sustainability – not just the materials we use but how do we reuse materials in a better way. There’s no doubt everybody wants to be green, but we must focus on getting to a point where it makes total sense to be greener – from a cost, labor, and materials perspective. And I truly believe data can unlock these insights and show the overall long-term value of green construction.”
Sustainability Issues Will Be at the Core of Corporate Strategy
Olivier Lepinoy Founder , Hyper Construction .
“The latest United Nations climate change conference (COP 28) put the spotlight, once again, on the built environment. It is clear that the pace and the scale of change are not enough. Looking at 2024 and beyond, we will see more impact on the global construction ecosystem: increased emphasis on green building practices, stricter energy efficiency standards, new sustainable materials and construction methods. Even more fundamental will be the shift in mindset. Business leaders will recognize that sustainability issues are at the core of their corporate strategy: reducing carbon emissions, enforcing sustainable practices, and listening to climate impacts. To combat climate change, a metamorphosis of the construction industry is required at a large scale. Long term strategies need to prevail over short term satisfactions. Individuals, professionals, corporations, governments, we all have to act together, and to be mindful of our day-to-day behaviors and their impact on the planet.”
Power and Importance of Collaboration
“2024 will be an exciting year for the construction industry. Two key areas to keep an eye on are AI and collaboration. AI is generating interest as companies consider its potential impact on business operations and profitability. In the construction industry, the emphasis is on practical applications of AI to enhance project outcomes.
Then, of course, we cannot underestimate the power and importance of collaboration with the construction industry. A notable trend is the increasing partnership between GCs and owners. Cloud-based platforms continue to let teams push the boundaries of collaboration. We’re not only seeing this on a single-project basis, but we’re also seeing trends of reoccurring stakeholders coming together to discuss future projects more proactively and efficiently.
These trends are significant opportunities for driving innovation, improving productivity, and providing just a better project delivery experience in 2024 and beyond.”
Expanding Technology and Modular Construction
“Looking ahead to construction trends in 2024 and beyond, there are a few things I’m really excited about. First, we all know technology continues to play a pivotal role in transforming construction processes. Gone are the days when we used to handwrite submittal comments and leverage manual processes and paper for everything. We are moving quickly from an antiqued industry to one that is readily embracing technology and using it to streamline workflows and improving efficiency.
I expect to continue to see an increase for the popularity and use cases of modular construction in 2024. Builders in the field will take more advantage of factory settings to ensure quality control, accelerate timelines, and cut down on costs. I anticipate more growth in the modular space for hotels and hospitals in particular. These advanced workflows will reduce the stress levels of building teams as well as empower them to leverage more innovation for smoother workflows.”
Innovative Solutions and the Rise of New Technologies
“In 2024, I expect a significant acceleration in the adoption of innovative solutions and new technology, impacting the key pillars of the industry: technology, people, policies, and processes. The industry will continue its shift towards a data-driven approach, emphasizing the importance of data quality, structure, accessibility, interoperability, and security. Increasing demands will drive a growing need for cloud computing, subscription, and credit-based platforms to provide on-demand, scalable, and cost-effective solutions for data storage and computing power, catering to various company sizes.
The construction industry will intensify efforts during the design stage by using AI-assisted design, parametric modeling, generative design, Design for Manufacture and Assembly (DfMA), smart cities principles, and utilizing data analytics to enhance sustainability, resilience, and the overall quality of living in the built environment. Another foreseen trend will be the implementation of digital twins, not only for asset operations and maintenance but also during the construction stage for progress monitoring, resource optimization, and risk prevention.
Additionally, during construction, I anticipate a broader adoption of robotics, drones, IoT sensors, remote-controlled machinery, and high-tech protective equipment to enhance efficiency, work quality, on-site health and safety, and reduce waste. In the upcoming year, we may witness the emergence of new roles in the construction industry linked to the development of artificial intelligence, digital twins, and metaverse. This could also impact existing jobs, prompting a redefinition to incorporate the necessary skills for utilizing these new technologies. Finally, I anticipate an increasing collaboration between the construction industry and other sectors such as manufacturing, information technology, and robotics during the ongoing technological revolution for knowledge and best practice exchanges.”
Positive Outlook for the Construction Industry in 2024
“As we look towards 2024, we’ll see the construction industry continue to tackle some familiar challenges—including supply chain complexities and fluctuating material costs. Workforce shortages will also remain an issue, as we expect over 40% of construction professionals to retire by 2031, according to the National Center for Construction Education and Research (NCCER).
Yet, I’m optimistic about the coming year. Backlogs remain strong and construction companies have even more transformative technologies available at their fingertips to improve predictability and profitability.
Last year was a springboard for energy surrounding AI in construction. Both GCs and specialty contractors recognize new opportunities to leverage the vast amount of data amassed from the increased use of digital technologies. As a result, this year we’ll see greater momentum and interest from the industry as firms leverage AI-driven technologies to automate tedious tasks, more deeply analyze information, and augment decision-making. Particularly, the integration of BIM with AI poses new and exciting opportunities. BIM’s rich data, paired with machine learning, can enable firms to improve efficiency and make smarter decisions beyond just the design phase of a building.
I’m also looking forward to seeing more digital twin developments. Construction firms around the world want to provide more value for their clients and as a result are expanding into the operator space. Digital twin technology speeds up this opportunity by providing valuable insights to improve asset management and operations, while also creating new possibilities for services.
Beyond technology, sustainability will also be top of mind for construction firms in 2024 and beyond. Owners and contractors are jointly driving demand for more sustainable outcomes in the built environment, particularly in response to the growing influence of government regulations. Tools like the Embodied Carbon Calculator (EC3) are exciting developments in this space, but currently and unfortunately, adoption is hindered by a lack of awareness. As an industry, we need to do more to educate folks on how to use the technologies and solutions already available to us to facilitate a more sustainable future.”
Communication Gap Will Continue to Close
Michael Milligan Engineering Manager, SSEN Transmission
“Speaking about the Transmission Industry in which I work, I expect 2024 will see the communication gap close further between site staff and those in the office, the technology is there for site staff to be able to share day to day thoughts via the cloud, and capture this against documentation and designs. Likewise with site observations being more visible in the design office, decisions on change, risk and programme will be more informed. Which should lead to more two way communication between these geographically disconnected teams. The technology has been available for a long time, however the people who drive change will see a real need to implement due to the project growth within the Transmission industry. Digital ways of working will continue to expand out with the traditional roles of engineers and project managers to all areas of the project teams. With people empowered to manage improvement in there own areas, processes will change at pace and hopefully the admin burden of looking for information and chasing actions drops.”
Expect New Technology Breakthroughs in Construction in 2024
James Mize Digital Delivery Specialist, CRB
“I believe that the construction industry will continue most of the big trends from last year while infusing them with the recent advancements in technology to drive them further. Meanwhile, other areas of the industry will have grasped last year’s advancements and begin to rethink current workflows to find totally new ways of doing things. Last year we saw a lot of new technology that needs to be tested and structured before fully implementing. This year, I predict we will see several breakthroughs built off technology from last year to define better workflows for years to come.
Broadly speaking, I expect trends such as the accelerated adoption of BIM, the advancements of autonomous construction, design for manufacturing and assembly, and the implementation of reality capture/AR-VR to continue. Each of these are trends that have been growing in our industry and despite recent industry challenges, will benefit from the use and adoption of AI/ML.
I also predict many companies will hit the reset button after last year’s advancements, to absorb the rapid and unyielding breakthroughs with AI and other influential technology. They will need time to process, plan, and act with new purpose to ensure the new ways of working fit our cultures and serve our clients.
As a result of hitting the pause button, I believe that data will then move to the forefront of many discussions and workflows throughout the industry but with new urgency. The trend I expect to emerge is how firms handle data. I expect them to consolidate data sources and inputs to the project data thread to clean up redundant data. I expect to see organization of existing data to transform how it can be used alongside other data in the future. Finally, a strategy for how construction industry companies enter, collect, harness, and use their data. Each of these will set up a more sustainable future for the industry.
While many will recognize this opportunity, I believe there will be startups and innovative groups that will begin to rethink how we work as it relates to things such as conceptual & generative design, construction optimization & tracking, and turnover/digital twin. I predict these will become the new pillars of delivery/execution across the industry as we move away from disconnected workflows, manually recreating redundant data, and a piece-meal approach to handover.
For many, this is a year to reshape the way we work, built off the successes of last year. Many will recognize that technology should no longer support traditional approaches, merely continuing the past but to re-define these systems entirely to fit the way in which we need to build for the future. With the state of construction technology and the advancements happening outside of the industry, we have the imperative to take advantage of the opportunities before us. This is why I believe the industry will break through with opportunities surrounding digital twins, generative design, and other more automated processes. For digital twins I expect breakthroughs in how we use and connect IoT for handover to operations. I predict we will see breakthroughs with generative design for more than layouts and solar/wind analysis. Finally, breakthroughs with more automated processes such as BIM analysis, construction sequencing, and document management will transform the way we build for the better.
The last trend I expect to emerge is centered on a new sense of efficiency for how things could be done. I believe we will find new ways to reduce wastefulness in many of the traditional design-construction delivery methods/processes. This will be the case because we now have tools at our fingertips to help us collaborate, learn, adapt, and absorb better than ever. This will lead to better decision making, less waste during the design process, and higher efficiency as it relates to building assembly across the industry.”
Increased Utilization of BIM, Digital Twins, and Cohesive Digital Workflows
In the AEC industry, a range of challenges and opportunities are on the horizon in 2024, including the enhancement of productivity and the integration of innovative practices. Our sector will need to effectively manage risks while prioritizing technology, sustainability, and economic factors. Moreover, attracting and retaining skilled talent remains a critical focus.
The sector is poised to further its digital evolution, emphasizing greater utilization of Building Information Modeling (BIM), Digital Twins, and cohesive digital workflows (the digital thread). These advancements will streamline project management, foster improved collaboration among various stakeholders, and provide superior project transparency.
Recent challenges in global supply chains have underscored the importance of adopting more robust and resilient practices. This may lead to an increased focus on localizing material sourcing and leveraging technology to enhance supply chain management.
The Power of a Common Data Environment
“I’m really excited about the power of a common data environment and putting our digital data at the center of everything that we do. Cloud-based data has the potential to address some unique challenges in the industry. One of these challenges is the need to constantly switch between different tools for each project, which can be time-consuming and inefficient. Additionally, there is often a loss of data when transitioning from one phase of a project (e.g. planning) to another (e.g. design or construction). For example, when converting a DWG file to a printed format, important information can be lost. There’s a massive opportunity here to bring that all together and remove the difficulty of interoperability between tools.”
The Crucial Role of Information Management and Connected Data
“My projections for the construction industry in 2024 revolve around the crucial role of information management and connected data. I observe a significant shift in the industry’s focus, moving beyond the mere development of 3D models to extracting tangible benefits through the digitization and organization of data across the entire building lifecycle.
The establishment of a shared data environment is now more critical than ever, enhancing accessibility and comprehension of building data for project teams. Breaking down silos and fostering integrated collaboration among stakeholders are pivotal strategies for overcoming change barriers. This emphasis on collaboration and shared responsibility is propelling the prominence of Integrated Project Delivery.
The industry is poised to witness a sustained adoption of digital technologies in 2024, such as data-rich models, drone surveying, IoT, and AI, facilitating increased digitization and automation. These technologies are becoming more accessible and sophisticated as data continues to grow and become readily available. This data-driven era is fueling the development of more robust and advanced tools and models. “
Increased Collaboration Between Designers and Contractors
“One of the biggest construction trends I see in the industry is the increasing collaboration between designers and contractors on projects. This shift has the potential to truly improve project planning and inform faster, more accurate decision-making. It’s exciting to see even more technology and tools leveraged to help facilitate this enhanced collaboration, bringing design more into the picture on-site.
On a larger industry-wide scale, investment in more technology and tools is critical to bringing a younger generation into the workforce. Students today are already leveraging advanced tech and come to expect the same when they enter the workforce. It’s important for leaders to recognize the culture and business shifts necessary for us to realize the necessary changes for the future. By embracing collaboration and investing in even more technology, we can create an industry that meets the expectations of the upcoming generation and paves the way for innovation and success.”
Enhancing Existing Structures Through Retrofitting
“To me, I’m most excited about the trend of retrofitting buildings in 2024. Take urban centers like London, for example. The focus is on retaining the existing building fabric and evaluating its potential for another century of use. This involves intense evaluations of thermal performance, occupancy comfort, and structural integrity. But the goal is to strike a balance between minor interventions and full demolition, with a preference for preserving and enhancing the existing structure. This is every single project we are working on now, and we know it requires an increased data footprint, as multiple laser scans, survey models, and engineering models are utilized throughout the retrofitting process. In turn, we can get more accurate assessments to inform decision-making. Retrofitting buildings presents an amazing opportunity and challenge for the industry to embrace responsible and sustainable practices, and we should be moving towards it as the default approach.”
Gen Z Has Entered the Jobsite – Or Have They?
“There’s no denying that our workforce in construction has continued a steep decline over the years. As seasoned professionals retired, we’re officially no longer replacing 1:1 the talent we have lost. Glassdoor recently reported that Gen Z will officially overtake Boomers in the workforce in 2024. However, as Gen Z enters the workforce and many millennials are now squarely in management roles looking for advancement, we will continue to see the acceleration of digital transformation of this industry pressured in part by these digital natives. This is assuming, of course, we can convince them to come to this industry, and more importantly, stay . This means we’ll see a trend on more retention programs that clearly demonstrate dynamic career progression, reward open-source innovation, and support a culture of learning and development. Construction is a “site based” industry. So while others in corporate culture wrestle with return-to-work mandates, we’ll actually see construction firms take a more balanced approach to remote working and flexibility where possible to encourage retention as employees demand more work/life balance. Additionally, more open and up-front discussions on mental health will take center stage as the industry pushes an evolving culture that is more inclusive and supportive of the health of our people, not just the health of the project.
Together, we can do more – Communities become central to accelerate adoption
The role of online communities to share knowledge is not new. However, for construction they are reaching a tipping point that has become required, especially as individuals wrestle with the technology onslaught and how to get teams to adopt new methodologies. Digital champions in construction have been working to expand knowledge in their tight circles, or in the safety of their own jobsites, for years, but we’ll see people seeking broader swaths of knowledge outside of their typical spheres. As firms press forward into more advanced workflows, internal champions need access to folks who are experiencing the same growing pains or who have already “crossed the chasm.” And while cornerstone online communities like Linkedin, Reddit, or Forums are amazing places to find like-minds and technical advice, newer spaces like TikTok and YouTube will also grow as a new generation of influencers and practitioners help amplify both why digital transformation in construction matters and how to do it. We’ll also see gamified spaces like our online construction community The Big Room continue to expand as a place that provides both rich peer insights and incentivizes learning, feedback, and networking.”
Recruiting Solutions and Collaborative KPI Dashboards
“In 2024, I predict the construction industry will very likely continue to see a tight labor market, particularly for onsite craftworkers. I don’t expect this trend to ease up anytime soon. Firms will be busy identifying solutions to better recruit young, entry-level employees.
The use of effective cost management software and collaborative KPI dashboards will become more and more of a high priority for contractors as they look to efficiently manage project financials, resources, and schedules in the face of demanding projects and intense labor market pressures.”
The Future of VR in Training
“For one, I’m excited about the exploration and application of VR in construction, particularly in the training space. VR has come a long way since it was introduced to the construction industry. While it still has a long way to go, the potential it has to scale training processes is immense for enterprise-level construction firms. So, for instance, think how it can be leveraged to train people across 10 offices and projects across 22 states. Additionally, the industry will continue to rely on and expand upon manufacturing and fabrication to supplement the workforce we currently do not have.”
Automation and the Future of Remote Work in Construction
“Trends in 2024 are going to be a wild ride. Digital Twins will be more enhanced and advanced. They will offer automated real-time insights, decision support, predict project delays, and identify potential risks.
Remote work will be a thing in the construction industry. From controlling the cranes, trucks, and other construction vehicles remotely to off-site construction, such as prefabrication and modulars are going to be the new norm facilitated by a 3D printer. Smart buildings are going to be there with sensors that keep tabs and automate everything.”
Continued Rise of XR
“One construction trend I’m particularly excited about is the continued rise of extended reality (XR). With more advanced hardware devices available today, we can now leverage XR in various project stages, from design to preconstruction and even during construction. This presents exciting opportunities to optimize some big pain points in the industry by utilizing XR technologies. Compounded with all the innovations we are seeing in AI right now, I think the industry is on a fast trajectory to open endless new possibilities to improve design reviews, clash detection, and on-site coordination in the next 5-10 years.”
Removing Data Silos Through Advanced Technologies
“The combination of certain technologies is going to drive significant improvements in the industry moving forward. For instance, the integration of blockchain, smart contracts, digital twins, and AI is going to transform the industry in unique ways; helping to remove data silos. Clients are becoming more informed and specific in their requirements, moving away from generic requests for BIM or digital twins. We are likely going to hear clients become more prescriptive about what they want delivered.
Over the next decade, we can expect a wave of even greater integrated technology in construction. This transformation will be reminiscent of the shift from fax machines to email, where there was a great bit of initial resistance. Younger generations are already accustomed to digital solutions and will drive the faster adoption of technology.”
Construction’s Data Driven Future
“In 2024, I think construction industry trends will morph from BIM and 3D modeling to more data-driven topics such as building dashboards, AI, and managing project data. BIM has become something that is mature in the industry and is a requirement in a lot of tenders. However, in the drive to modernize and improve, construction companies will be looking to drive efficiency and transparency through data in order to build better projects.”
Situational Awareness, Quantum Computing, and Sustainability in Technology and Business Practices
“I believe three key areas are poised to drive significant changes in the industry this year and well into the future.
Firstly, the concept of situational awareness is gaining traction. This approach integrates various aspects of the construction process, elevating our understanding of the project, labor, and overall project delivery ecosystem. The trend is to institutionalize situational awareness across all projects, enhancing data-driven decision-making for greater project success.
Secondly, I strongly believe in the vast potential of quantum computing. We’ve been on the verge of its realization for some time, but advancements in this field are accelerating. There is a world of emerging technologies that will soon have a substantial impact on the construction industry and the Quantum computing’s potential to revolutionize the industry should not be overlooked.
Finally, integrating sustainability into both technology and business practices is becoming increasingly important. It is not just about sustainable technology but also about the sustainability of our society and the responsible management of resources. Focusing on these fundamental changes and objectives will be crucial for AEC companies if they want to stay relevant beyond the next 5 to 10 years.”
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Jenny Ragan
Construction trends, tips, and news – delivered straight to your inbox, you might like..., demystifying autodesk technology: unlocking efficiency for factory planning and factory design, less guesswork, more confidence: how to make better decisions in construction , behind the build: interview with georgia loadholt, operations analyst at clancy & theys construction company.
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The new world is here for the legal industry… are you ready or not?
February 5, 2024 · 5 minute read
Here are some important insights from the 2024 Report on the State of the Legal Market.
Law firm leaders must face a set of irrefutable facts. The legal market has been fundamentally altered over the past 15 years and there’s no going back. Ever-accelerating change, increasingly driven by generative artificial intelligence, is the new status quo.
The latest Thomson Reuters 2024 Report on the State of the US Legal Market surveys a sector that’s still feeling aftershocks from the tectonic shifts of the past decade. Greater power lies in the hands of clients and has ebbed away from their outside counsel. Clients are more aggressive about tiering work to lower-cost firms to slash costs. As the report’s executive summary notes,
“ O nly recently have we begun to understand more completely the full impact of this fundamental market shift. ”
The report details the transition from the 2010s (“the Transactional Decade,” noted for near-zero interest rates, easy-to-borrow money , and strong performances for law firms’ transactional practices) to the 2020s, in which law firm growth has become pegged to counter-cyclical practices like litigation, bankruptcy, and labor & employment .
A volatile decade to date
Certainly, there has been good news for law firms of late, as the report notes that 2023 was a generally positive year for the sector. Worked rates were up 6%, fees worked were up 7.3%, and attorney headcount was up 3.3%. But a longer-term view shows a decade that so far has been defined by yo-yoing volatility: law firm demand growth spiked in 2021, sank in 2022, and was barely up last year.
Among the report’s other discoveries:
There’s a growing bifurcation between large and mid-size law firms
While the largest firms have been cutting associate headcount, midsize firms are filling their associate ranks aggressively. And midsize law firms led the market for demand growth in 2023, growing by an average of 2.4%. Am Law 100 firms, by contrast, posted flat demand growth.
Profitability remains a problem
The one-two punch of declining productivity and declining realization is flattening law firm profitability growth, enough that rate increases and declining expenses aren’t having a strong enough counter-effect.
Some returns to form are visible
Buyers of legal services are reverting to prior preferences when selecting outside counsel, looking for specialist knowledge, responsiveness, and global breadth.
Generative AI: which path will the future take?
An unavoidable topic in every law firm office is how generative AI could transform the industry. The report digs into the promises and the many potential implications of GenAI.
For one thing, the report found that only half of large law firms say they have an overarching digital transformation strategy at the c-suite level, even as Gen AI keeps evolving and its usage soars. Indeed, many legal professionals are well aware of Gen AI’s potential, agreeing that it could enhance productivity and efficiency (45% of those surveyed agree) and free up time for higher-level tasks (38%).
What could the AI future hold for law firms? The report lays out three potential scenarios.
Sea change, but lifting all boats
Here Gen AI boosts client value (by enabling faster and improved services) along with law firm profits. It’s Gen AI as a fundamental change agent: affecting team composition within law firms, as roles for AI-trained lawyers and legal technologists increase, and altering the traditional path of associate to partner. Law firm pricing models and internal training methods are transformed.
Clients seize full control
In this scenario, clients use Gen AI to “assert further control over legal services, diminishing law firms’ traditional roles to an even greater extent and enabling the vast majority of the technology’s value to be claimed by clients at the expense of firms.” Armed with Gen AI, clients will shift most of their legal work in-house, using outside counsel only for final validations. The implications for law firms, whether it’s slashed pricing models and capped fees or strong competition from non-traditional legal providers like software vendors, are foundational and troubling.
Nothing really changes
Then there’s the “status quo” narrative in which Gen AI winds up not having much of an impact on law firms. The technology enhances knowledge management, search functions and mundane diligence tasks, and changes some job responsibilities, but its effects on legal practices and firm-client relationships are relatively minor.
The challenge for law firms is deciding which of these futures appears most likely. The report notes that most firms seem to be working towards the “sea change” scenario, and that placing a bet on the “nothing really changes” outlook holds the most risk. Because while “for now, use cases for generative AI in law firms are primarily internally focused, that will rapidly change over time.” Over the next decade, Gen AI stands to greatly transform legal work structurally and logistically, affecting everyone from legal clerks to senior partners.
As the report notes, “It is important for law firm leaders to understand that this evolution will happen with or without them.”
Get comfortable with the uncomfortable
Dealing with new market realities means making, especially for veteran lawyers, uncomfortable and often unwelcome changes in perspective. The training that you received, the experience that you’ve gained are obviously valuable. But they also won’t equip you well for a future that, in many cases, is already here. The more open that you are to new ways of thinking, the better you’ll be able to adapt and prosper.
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Steamy, sultry and stigmatized no more: romance novels are having a moment
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Book sales in the U.S. slumped last year overall. But it’s a sweeter story for romance novels. Reliably a billion-dollar-a-year industry, the genre has mushroomed over the past several years .
Now emerging authors in the format regularly outsell other kinds of fiction. Just last week the top spots on the New York Times bestseller fiction lists were held by romance novels, including Sarah Maas and her Crescent City romance series. A once-embarrassing mainstay of the publishing world is now getting a little more respect thanks to a new, diverse generation of romance writers and ardent fans who are thrusting it into the spotlight.
Books Inc. has been serving San Francisco Bay Area readers since the 1940s, but manager Cari Gillette at the Mountain View branch said it was just a few years ago that her store got a proper romance section.
A romance reader herself, she pushed Books Inc. to expand its selection from a measly couple shelves to an inviting full wall display, dense with hand-written staff recommendations.
“A lot of people congregate here. It’s a huge part of our store now. And it really pays off,” said Gillette, because romance readers are often repeat book-buyers.
And the section has something for everyone — Gillette favors “romantasy,” a blend of romance and fantasy. There are mafia stories, aliens and apparently hockey romance is trending.
“Not just hockey but sports romance,” she said. “I think with Taylor Swift people are really vibing with that right now.”
And Gillette is spreading the love. Last summer she started a monthly romance book club at the wine bar down the street, where a couple dozen customers gather to share their passion.
“People want to be happy and hopeful and escape a little bit,” she said. “It’s always a happy ending and it’s always a happy read.”
That’s what makes these sometimes fluffy books serious business according to Susan Swinwood, the editorial director at Harlequin Trade Publishing, a brand that’s almost synonymous with romance.
“Whatever you feel about it, there’s no denying that it’s as relevant and valid a product as anything else,” she said.
Romance used to be sold more as a guilty pleasure to be hidden away. Now Swinwood said, it’s actually cool, with readers who talk about it, often on the popular TikTok community known as BookTok.
Talia Cadet runs digital strategy at a D.C. lobbying firm. And spends many of her off hours making and watching videos about reading on BookTok.
@taliacadet It’s been a Black romance novel summer for your girl. And I love it here. Here are my favorite reads of Summer 2023. Still can’t believe I read 30 books in 3 months! Books mentioned: 1. Only for the Week – Natasha Bishop 2. Priest – Bre Shadae 3. In the Gray – B.B. Reid 4. Hook Shot – Kennedy Ryan 5. If Only for the Summer – Alexandra Warren 6. Revive Me Part 1: The Act: J.L. Seegars (also in The New Haven Series: Restore Me) 7. Again – J.L. Seegars 8. Let Me Love You: Alexandria House 9. Fast – Millie Belizaire 10. Defensive Stance – Kasha Thompson 11. The Hookup Plan – Farrah Rochon #whatimreading #currentlyreading #readingrecap #booktok #blackbooktok #blackromance #blackromancenovel #bookboyfriend ♬ original sound – Talia | Lists & DC Events
She also runs a bookclub called Fros and Prose , which has been heavy on romance lately.
“I have no shame about it,” she said. “You can’t shame me.”
BookTok has introduced her to a whole world of Black romance, often from independent or self-published authors who write about characters she relates to.
“And then seeing them have their happily ever after, especially you know, as a Black woman being made to feel as though we don’t deserve love, we don’t deserve romance, we don’t deserve softness and care, it’s been eye opening,” said Cadet.
Social media has helped romance bypass traditional publishers by connecting directly to the audience, said Florida-based romance and mystery author Tamara Lush — and yes that is her real name.
“It really is,” she said. “It’s the name I was given at birth.”
Lush quit her job as a reporter for the Associated Press a few years ago and said she makes about 75% of her previous salary writing steamy stories about tropical islands and amateur detectives. She recently sold a book to the new publishing arm of TikTok’s parent company ByteDance . And she’s working on a new project called “Swamp Thing,” which she describes as “a funny, romantic mystery about an alligator trapper who also solves crimes.”
Those cliche heterosexual bodice-rippers with glistening muscles and heaving bosoms on their embossed covers still sell well. But now there’s more space to represent a broader range of human experience said Leah Koch, who with her sister, cofounded an all-romance bookstore, “ The Ripped Bodice, ” with locations in L.A. and New York.
“When someone from our extremely diverse clientele comes in and says some version of, ‘Do you have a book with somebody like me?’ Whether that is, ‘I use a wheelchair or I wear a hijab or I am pansexual or whatever,’ almost all the time we have at least one or two options for them,” Koch said.
And she’d like to see those one or two options expand, for when those customers inevitably come back for more.
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Global Semiconductor Manufacturing Industry Poised for 2024 Recovery, SEMI Reports
MILPITAS, Calif. – February 14, 2024 – The global semiconductor manufacturing industry recovery is taking hold with electronics and IC sales increasing in the final quarter of 2023 and more growth projected for 2024, SEMI announced today in its fourth quarter 2023 publication of the Semiconductor Manufacturing Monitor (SMM) report , prepared in partnership with TechInsights .
In Q4 2023, electronics sales edged up 1% Year-over-Year (YoY), marking the first annual rise since the second half of 2022, and growth is projected to continue in Q1 2024 with a 3% YoY increase. At the same time, IC sales returned to growth with a 10% YoY jump in Q4 2023 as demand improved and inventories started to normalize. IC sales are forecast to strengthen in Q1 2024 with 18% YoY growth.
Capital expenditures and fab utilization rates are expected to see a mild recovery starting in Q1 2024 after significant declines in the second half of 2023.
In Q1 2024, Memory CapEx is projected to increase 9% Quarter-on-Quarter (QoQ) and 10% YoY, while Non-Memory CapEx is on track to climb 16% during the quarter but remain at lower levels than recorded in Q1 2023. Fab utilization rates saw a modest improvement from 66% in Q4 2023 to 70% in Q1 2024. Meanwhile, fab capacity grew 1.3% in Q4 2023 and is projected to match those gains in Q1 2024.
Equipment billings in 2023 surpassed projections though growth is expected to be muted in the first half of 2024 mostly due to seasonality.
“The electronics and IC markets are recovering from a slump in 2023 with growth expected this year,” said Clark Tseng, Senior Director of Market Intelligence at SEMI. “Although fab utilization remains low at the moment, improvement as 2024 unfolds is anticipated.”
“Semiconductor demand is well on its way in the recovery,” said Boris Metodiev, Director of Market Analysis at TechInsights. “While the overall IC market is growing this year, slowing automotive and industrial markets are hampering the analog expansion. AI will be a huge catalyst for leading-edge semiconductors as the technology proliferates from the cloud to the edge. At the same time, geopolitics is driving excess capacity at the trailing edge.”
Sources: SEMI ( www.semi.org ) and TechInsights ( www.techinsights.com ), February 2024
The Semiconductor Manufacturing Monitor (SMM) report provides end-to-end data on the worldwide semiconductor manufacturing industry. The report highlights key trends based on industry indicators including capital equipment, fab capacity, and semiconductor and electronics sales, and includes a capital equipment market forecast. The SMM report also contains two years of quarterly data and a one-quarter outlook for the semiconductor manufacturing supply chain including leading IDM, fabless, foundry, and OSAT companies. An SMM subscription includes quarterly reports.
Download a sample Semiconductor Manufacturing Monitor report .
For more information on the report or to subscribe, please contact the SEMI Market Intelligence Team at [email protected] . Details on SEMI market data are available at SEMI Market Data .
About SEMI SEMI ® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON ® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org , contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
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How China Built BYD, Its Tesla Killer
The leading Chinese electric vehicle company, with origins as a battery maker, has posted two years of million-car growth in sales.
Credit... Gilles Sabrié for The New York Times
Supported by
By Keith Bradsher
Keith Bradsher, who has covered China’s auto industry since 2002, reported from Shenzhen, China.
- Feb. 12, 2024
China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors.
“They were the laughingstock of the industry,” said Michael Dunne, a China auto industry analyst.
Nobody is laughing at BYD now.
The company passed Tesla in worldwide sales of fully electric cars late last year. BYD is building assembly lines in Brazil, Hungary, Thailand and Uzbekistan and preparing to do so in Indonesia and Mexico. It is rapidly expanding exports to Europe. And the company is on the cusp of passing Volkswagen Group, which includes Audi, as the market leader in China.
BYD’s sales, over 80 percent of them in China, have grown by about a million cars in each of the past two years. The last automaker to accomplish that in even one year in the American market was General Motors — and that was in 1946, after G.M. had suspended passenger car sales during the four preceding years because of World War II.
“BYD’s growth is unlike anything the industry has seen in many decades,” said Matt Anderson, curator of transportation at the Henry Ford Museum in Dearborn, Mich.
Based in Shenzhen, the hub of China’s electronics industry, BYD has shown how Chinese carmakers can tap the country’s dominance of electrical products. No company has benefited as much from China’s embrace of battery-electric cars and plug-in gasoline-electric cars. These vehicles together make up 40 percent of China’s car market, the world’s largest, and are expected to be more than half next year. Like most Chinese automakers, BYD doesn’t sell its cars in America because Trump-era tariffs remain in place, but BYD does sell buses in the United States.
BYD is leading China’s export push in electric cars, and is rapidly building the world’s largest car carrier ships to transport them. The first of the ships, the BYD Explorer No. 1, is on its maiden voyage from Shenzhen with 5,000 electric cars on board, and is expected to arrive in the Netherlands by Feb. 21.
With China’s and BYD’s success has come more scrutiny.
Elon Musk, the chief executive of Tesla, warned about the strength of Chinese electric car exports in a company earnings call in January. “Frankly, I think if there are not trade barriers established, they will pretty much demolish most other companies in the world,” he said.
The rapid gains by BYD and other Chinese automakers in Europe have prompted a European Union investigation of Chinese government subsidies and could result in tariffs. BYD’s annual reports show a total of $2.6 billion in government assistance from 2008 through 2022. And that does not include other help, like making sure that taxi companies in BYD’s hometown buy only BYD electric cars.
BYD declined to comment about subsidies. In a statement, the company said the BYD Explorer No. 1, its new ship, “signifies a significant milestone for BYD as it expands into international markets and contributes to the development of the global new-energy vehicle industry.”
China has built enough factories to make more than twice as many cars as its market can buy. That has led to a price war in China, particularly between BYD and Tesla, with discounting that has inflicted heavy losses. One of BYD’s newest models, the subcompact Seagull, starts at less than $11,000.
A real estate crisis and a falling stock market are now making Chinese consumers warier about buying a car at all. But BYD’s low manufacturing costs have left it in a better position than most rivals to survive any long slowdown in sales and industry shakeout.
BYD’s chairman, Wang Chuanfu, founded the company in 1995 to make batteries for Motorola and other consumer electronics companies. He had studied at Central South University in Changsha , an elite institution famed for battery chemistry research. But he dreamed of making cars.
In 2003, BYD bought a factory in Xi’an that was building gasoline-powered cars. But the company had trouble at the start, gaining an early reputation for building clunkers. In a visit to the factory in 2006 , a large repair area at the end of the assembly line was clogged with newly built cars that already needed more work.
BYD’s sales grew as the Chinese market soared. Warren E. Buffett bought a nearly 10 percent stake for $230 million in 2008, giving BYD not just a cash infusion but also global cachet. The same year, Mr. Wang promised to start exporting battery-electric cars to the United States within two years.
But electric cars at the time cost a lot to build and had limited range, and Mr. Wang had to scotch his plans to enter the American market. In an interview in 2011, he second-guessed his emphasis on battery-electric cars. Automakers should focus on gasoline-electric hybrids, he declared. He added, “There is still tremendous potential in the Chinese market for electric cars.”
By 2012, car production in China had caught up with demand. Buyers became choosier. BYD’s car sales and stock price plunged as multinationals offered more stylish models. Industry executives and analysts questioned whether BYD had a future.
But Mr. Wang proceeded to make two risky bets that paid off.
In 2016, he hired Wolfgang Egger, a prominent Audi designer, who in turn hired hundreds more car engineers with bold tastes. They completely redesigned BYD’s models.
Mr. Wang also figured out how to replace the industry’s standard chemicals in rechargeable lithium batteries — nickel, cobalt and manganese — with cheaper iron and phosphate. But early batteries made from the inexpensive chemical compounds ran out of juice quickly and had to be recharged after even short trips.
In 2020, BYD introduced its Blade batteries, which closed most of the so-called range gap with nickel-cobalt batteries at a fraction of what they cost.
Tesla began making and selling large numbers of cars in China the same year, and enthusiasm for electric cars swept the nation. BYD was ready with inexpensive battery chemistries and Mr. Egger’s new designs.
Tesla also began using lithium iron phosphate batteries in less expensive models. BYD still sells mostly cheaper cars with lower range, while Tesla mostly sells costlier cars with more range.
The Swiss bank UBS found last year that a BYD Seal electric hatchback sedan cost 35 percent less to make than a slightly smaller Volkswagen ID.3 of similar quality made in Europe. The savings came only partly from the cheaper lithium iron phosphate batteries.
BYD makes three-quarters of the Seal’s parts. Like Tesla, BYD uses only a few electronic systems in each car. By contrast, VW outsources up to two-thirds of its components. BYD also has benefited from lower labor costs in China, although those have risen as factories compete to hire skilled workers .
BYD now has its own walled town in Shenzhen, a southeastern city next to Hong Kong. An airport-style monorail carries workers from 18-story company apartments to BYD’s office towers and research labs.
Liu Qiangqiang, an engineer at the Shenzhen center, said the staff of his car development team had almost tripled since he joined the company from General Motors 15 months ago.
“The pace is fast,” he said.
After dismissing autonomous driving a year ago, BYD swung into action when the consumer electronics companies Huawei and Xiaomi introduced cars with considerable autonomous driving abilities. Mr. Wang announced in January that BYD had 4,000 engineers working on assisted driving, a limited form of autonomous technology that works mainly on highways and large roads, and would invest $14 billion in the technology.
BYD has a lingering advantage over Tesla: Mr. Wang’s decision by 2011 to develop plug-in hybrid cars, which account for nearly half of BYD’s sales.
Li Jingyu, a salesman at a BYD dealership in Shenzhen, said many families bought a hybrid as their first car so they could drive at Lunar New Year back to their ancestral villages. Most villages in China now have chargers, Mr. Li said, but not enough for the throngs of visiting drivers at Lunar New Year, which started on Friday night.
“People are just worried,” he said, “about the waiting time.”
Li You and Joy Dong contributed reporting and research.
Keith Bradsher is the Beijing bureau chief for The Times. He previously served as bureau chief in Shanghai, Hong Kong and Detroit and as a Washington correspondent. He has lived and reported in mainland China through the pandemic. More about Keith Bradsher
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