Hamilton Forth’s Rachel Sim considers how the growth of cloud technology is impacting Scottish tech market hiring trends.
Cloud computing is the fastest-growing technology in the industry, with particular growth since the beginning of 2020 as the Covid-19 pandemic forced organisations to develop their digital offering and enable remote working.
A report by EY suggests this much of this growth is due to the cloud’s ability to “improve customer experience, increase productivity, lower costs, and aid in revenue generation by allowing a quicker time to market”. With Cloud technology being embraced by all sectors, there has been a surge in demand for cloud skills across the board.
CIOs must future-proof their organisations and a big step in doing so is implementing cloud-based solutions through hiring skilled technologists who are experts in cloud implementation and migration.
Cloud computing has already been adopted by over 60% of organisations, with Cloud spending is forecast to reach almost $500 billion in 2022, an increase of nearly $90billion compared to 2021; proving that although the cloud has been a hot topic for a number of years its popularity is still on the rise. With its growth, capabilities and product offering continues to develop.
What does this Mean for Employers?
Hiring managers need to invest in cloud skills to ensure effective migration to the cloud and that its capabilities are maximised for business efficiency and profitability.
The current tech job market favours candidates, with a surplus of IT roles, rising salaries, and challenges in securing top talent. This pattern has been prevalent since 2021, creating a level of security for IT professionals. However, inevitably the market will change returning a level of control to employers who will be demanding professionals with the most modern tech stacks; namely cloud technologies.
This trend gives organisations three options; hire new talent, upskill existing employees or utilise external consultancies.
What does this Mean for IT Professionals?
There has never been a better time to invest in upskilling in cloud technologies. By continuing to focus on modern technology, not only can IT professionals improve job security, but they can also access the best employment opportunities and justify higher salaries.
AWS is most popular with around 80% of organisations utilising Amazon’s service, Azure comes in second. Additionally, GCP is in demand, and there are fewer IT professionals focusing on this area, so professionals may be able to differentiate themselves.
With the popularity of cloud technology unlikely to drop any time soon, investing in cloud skills will not be a waste of time or resources.