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-354330-20320Industry GuideTechnology020000Industry GuideTechnologyOverview: Technology generally involves the development of equipment and processes, based on the application of scientific knowledge. This involves the production and maintenance of software, applications, websites, etc., in order to enhance a targeted function.Hiring Outlook and Trends: Industry Employment Growth - Bureau of Labor StatisticsGlobal Standardization — The global adoption of e-commerce business practices has widened the scope and scale of the IT industry. International laws and regulations on policy issues like taxation, privacy, security, and encryption are slowly being implemented. With Asian markets quickly catching up to the US in terms of computer technology use, including wireless and high-speed broadband technology, the need for service and product standardization is being discussed.Foreign IT Workers — Many IT companies depend heavily on imported foreign workers on H-1B visas, which can be awarded to highly trained foreign workers, if American workers with similar skills can’t be found. The current annual cap on the H-1B category is 65,000, but the H-1B Visa Reform Act of 2004 makes available each year 20,000 additional H-1B visas for foreign workers with a master's or higher level degree from a US academic institution.Cloud Computing — Modern providers of IT services must be well-versed in managing cloud-based technology, which allows companies to deliver software applications and data management services over the internet from a central source. Cloud systems may eliminate the need for businesses to buy their own machines for large corporate data centers. More than 90% of organizations are currently using at least one cloud-based IT service, according to a recent survey from Spiceworks, a professional network for the industry.Offshore Outsourcing — Solutions providers, software companies, and integrators are tapping into global IT resources to bolster competitiveness by partnering with foreign firms. Outsourcing services, especially, make more use of offshore operations, of which India is a major provider. Computer Sciences Corporation, for instance, has increased its investment in offshore resources to better compete with offshore outsourcers.What Employers are seeking:Core Competencies Technology companies are continually on the leading-edge, considering unconventional and innovative ways to meet the demands of the savvy consumer. The technology growth story has long focused on the consumer—and that story continues. But as enterprises in every industry sector look to technology to facilitate their own transformations, the opportunities for technology companies have broadened considerably. Exponential technologies including robotics, virtual and augmented reality (VR) (AR), 3-D printing, and artificial intelligence (AI) are opening up significant areas of opportunity. Cognitive technologies such as machine learning, natural language processing, and speech and pattern recognition are being embedded in software applications, imbuing big data with superior capabilities. Blockchain, the foundation for the digital currency bitcoin, has enormous implications not only for the financial services industry, but for any company that manages a large amount of transaction data. IoT - The Internet of Things has only just begun to reveal its promise. Service offerings (ones that allow usage-based consumption) are likely to emerge. Cybersecurity products and services are another area with a bright future.Skills and Experience MBA, BA/BS in STEM, marketing, management. Coding, communication, networks, time management. Many IT professionals will need to be self-directed and self-motivated, and a big part of self-directed work means an ability to manage time well. Technology work can often take longer than anticipated, as proven by how often timelines and milestones change over the course of a long project. An IT professional should be able to accurately assess how long a project should take, and then be able to stick to those timelines for the long haul. An IT professional should also be able to help an entire team manage their time, on a daily, weekly, monthly, and project basis. The world has no shortage of need for information technology professionals. Almost every traditional analog or brick-and-mortar business now has a need for IT-focused employees, and that’s to say nothing of all the tech-based jobs around the world. IT jobs can be interesting, rewarding, and lucrative, so if you possess some of the skills mentioned here, a career in IT could be right for you.Certifications / Technical Skills: Citrix Certified Professional – Virtualization (CCP-V) Project Management Professional (PMP) Certified Information Systems Auditor (CISA) Certified Information Systems Security Pro (CISSP) AWS Certified Solutions Architect – Associate.Certified Information Security Manager (CISM)MCITP. The new-generation Microsoft Certified IT Professional credential, or MCITP for short, is likely to become the next big Microsoft certification.Sample Employers TEKsystemsInternational Business MachinesWalmart Technology?Sample Job TitlesProject ManagerTechnology: Assistant Manager, IT Asset ManagementChief TechnologistMgr, Technology Documentation & AnalysisDigital Project ManagerSenior Technology AdvisorFDIC Chief ArchitectInformation Technology Specialist Senior Microsoft Infrastructure Project ManagerTechnology Project CoordinatorGeographic Distribution / Global opportunities (Top 10 Firms)CompanyLocationRecruit MBAs?AppleCupertino, CAYHewlett-Packard Palo Alto, CAYIBMArmonk, NYYAmazonSeattle, WAYMicrosoftRedmond, WAYGoogleMountain View, CAYIntelSanta Clara, CAYCisco SystemsSan Jose, CAYOracleRedwood City, CAYQualcommSan Diego, CAYResourcesCenter for Digital Innovation, Technology and Strategy (DIGITS)Smith UG Club - Business Information Technology Society (BITS) - Specialty Masters Club - Information Systems Association (ISA) - Technology Industry Association - Technology Industry Council - Balance Republic Mag TimelinesThe industry hires all year without a formal recruiting process. ?Programs identified for college programs typically follow the traditional fall/spring recruitment cycles. Depending on any certifications or clearances needed, the hiring/offer timelines could extend the offer process up to four months.College programs: ?Full time and internship recruiting takes place in September and October. ?Certain experiential and leadership programs recruit in the springtime during the months of February and March. ?Compensation: MBA:$110,538.00Source: US News, reported March 23, 2017Entry-level:$60k-$75kSource:? ................
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