New England Tech Presents Technology Market Outlook Survey Indicating Need for Skilled IT Professionals

In January, New England Institute of Technology (NEIT) presented results with the New Jersey Tech Council (NJTC) on a survey conducted in 2016 of Information and Communications Technology (ICT) Industry Professionals regarding the industry’s regional and global market outlook.

New England Tech’s Director of Marketing, Janice Dru, joined colleague presenter Tim Henry, Ph.D., PMP, Information Technology Graduate Director along with James Kwon, Principal at Figmints, and Paul Frank, Executive Vice President, New Jersey Tech Council, in reporting the industry’s market, industry and trends. The survey was conducted by the New Jersey Tech Council (www.njtc.org).

Rhode Island technology companies reported a scarcity of qualified candidates, and that fewer individuals are entering the field with the specialized skills required for Enterprise Resource Planning (ERP) implementation and maintenance. The report also indicates that as ERP applications mature, it is increasingly difficult to source, recruit, and retain the talent needed for enterprise application management – opening wide opportunities for well-educated and experienced IT professionals.

Other key survey results include:

  • The hottest technologies are web services, database services, architecture and integration, and mobile and open source platforms
  • The hottest application areas include web/database, e-commerce solutions, enterprise applications, analytics, process improvement, and mobile applications
  • The hottest business areas are new products/innovation, lower cost, ease of use, and customer service improvement
  • The most significant strategic concerns include qualified employees, competition, and state government relations
  • Regarding growth trends, from 2014 to 2015, 30% of saw growth of less than 10% from 2014 to 2015, 32% of responding companies grew from 11 – 30%, while the remaining 37% saw a growth of 31% or better (with 7% doubling or better)
  • Top areas where companies are investing include existing products, sales and marketing, and R&D
  • Cloud computing will continue to grow and solidify as mid-sized companies embrace hybrid and multi-cloud architectures
  • More focus will be biosensor on security, risk and compliance and technology suppliers
  • Mobile and Internet of Things (IoT) will impact each and every business, and there will be a convergence of multi-channel communications using smaller number of platforms
  • The industry begins AI to predict outcomes
  • Artificial intelligence will trend toward neural/biosensor integration, Machine Learning /AI integration

NEIT offers a broad range of associate, bachelor’s and master’s degrees in IT, Business Management, Information Technology, Network Engineering Technology, and Software Engineering Technology. Learn more at www.neit.edu.

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