SigEx Ventures :More business skills neededby Ioana Madalina Tantareanu

UK IT graduates need more business skills, because lower-level technology jobs are being offshoret,because they do not require such expertise, mostly to India, revealed a research made public last week from sector skills body e-skills UK. The indian IT industry is starting to confront some of the same issues as UK, as the global market grows up. Although Indian IT trade association Nasscom says there is still time to avert a crisis, it was already worn that the subcontinent will face a talent shortfall in its technology workforce by 2010. In India, recruitment is not a problem, but in UK technology degree numbers halved between 2001 and 2005. In India the current workforce stands at 1.6 million and produces more than three million IT graduates a year.Nasscom spokesman Ameet Nivsarkar said that the industry is starting to question whether degree courses are producing the right skills, because market requirements change. Nasscom is trying on initiatives to bring graduate training in line with requirements in private sector. For example, one of the schemes aimes to create finishing schools that offer three short courses to fill the empty space between academic learning and business skills required in the real world.‘The training shortfall is largely in communication and the ability to present oneself before a customer,’ said Nivsarkar. India has been the undisputed leader and distributed about $48bn in annual IT services exports last year. Because competition in increasing dramatically, one of the biggest threats to India dominance is China. One of it`s characteristics is cheap labour that is increasingly attractve to suppliers catering for growing demand, with firms such as Wipro and Infosys included.

by Ioana Madalina Tantareanu
for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models