With the quick development of technology, the quantification and monitoring of information has become an essential practice, which supports the in-depth understanding of various social or economic phenomena. This reality has made datafication – the process by which various aspects of life or business are transformed into measurable data that is easy to track and analyze – to have a global market value of 310.19 billion USD in 2022. Its expansion is remarkable, forecasting to reach approximately $1,013.57 billion by 2032, according to Precedence Research.
But how should this rise in datafication be perceived when it comes to impact? What kind of changes will it produce and what opportunities will it create in 2024?
VON Tech, an IT partner for companies from the US and Central Eastern Europe, with more than 10 years of experience, cuts to the chase and gives you all the answers you were looking for in this article.
The data revolution, more noticeable than ever
Interconnectivity is one of the factors generating impressive amounts of data, with significant effects felt both when it comes to personal life and the business environment. It provides increased control over smart electronic devices, recording user preferences or habits. But the evolution of these IoT (Internet of Things) ecosystems has seen completely different perspectives with the integration of artificial intelligence. How so?
Because the data provided is now more easily examined, the current systems benefiting from more autonomy in interpretation and having the ability to make better decisions based on the information received. As a result, AIoT (Artificial Intelligence of Things) has seen an increased popularity, easily making its way into the lives of tech enthusiasts and beyond.
Key opportunities this year
Although datafication was not born overnight, its recent scale has revealed some key opportunities. Specifically, as it plays an essential role in many industries and the amount of data is constantly increasing, its processing systems (whether we mean Edge Computing, Cloud Computing or others like that) will be stimulated to improve their response speed and turn to intelligent algorithms, to manipulate and analyze data in a shorter time.
Of course, the security and data protection segment will also constantly develop. According to a Morning Consult survey, a significant proportion of 80% express concern about privacy security, and 69% note an increasing unease regarding this matter. As such, options like data encryption, access monitoring or proactive threat analysis will receive more and more attention.
But all this reflects a high demand on the market for some IT jobs. Among them are data engineer – the one responsible for building data collection and conversion system, data analyst – the one who interprets data sets in order to solve a problem, data security specialist – the one who implements encryption measures and manages cyber threats, or machine learning engineer – the one who designs and optimizes machine learning algorithms, in order to develop predictive solutions.
Datafication is redefining businesses
The impact of datafication on today’s businesses cannot be neglected. From the objective evaluation of performances, to facilitated decision-making processes and even the reduction of spent budgets, all are on the long list of advantages.
If you need specialists to help you with data collection and processing, you can find them with the help of experienced IT recruitment companies. VON Tech provides hardware design and verification, as well as embedded software development, implementation and application testing services, in the US, Germany, SEE (3 locations in Romania) and UAE. It can also give your business the most agile, cost-effective and top-quality services on the market.
Send a message to office@vontech.online and discover which solutions best suit your business and its needs!
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The year 2023 was certainly a revolutionary one for the tech segment! Some might argue that the revolution in itself was the McKinsey report, stating that between now and 2030, generative AI could enable the automation of up to 70% business activities – IT-related ones included – obviously with an added value of trillions of dollars to the global economy.
So is 2024 the beginning of quicksands-in-the-work-place for programmers and developers? It’s true, the current hiring landscape is dominated by uncertainty and recruitment processes are lengthier and tougher, in the wake of yet again beginning of the year lay-offs… but is it all that doom and gloom?
VON Tech, an IT partner for companies from the US and Central Eastern Europe, with more than 10 years of experience, ventures a reasoning about how the IT market will evolve this year and what the selection processes in line, relevant to both employers and employees, might look like.
Demand vs. supply, an intriguing report
Job losses were very numerous in 2023, when 1,186 technology companies laid off approximately 262,682 employees. By comparison, that’s 97,713 more than in 2022, according to data compiled by Layoffs.fyi.
And yet, the US Bureau of Labor Statistics estimates that employment of software developers will grow by 26% in the US by 2032, in order to meet the extremely intense global demand. The information is even more surprising considering that the average growth rate for all occupations is only 3%.
When it comes to employees from the tech field, there is obvious reluctance and opportunities are taken with a pinch of salt, especially since 2024 is another year that starts off with lay-offs.
According to a survey applied to 9,338 software engineers by Blind in December 2023, almost 9 out of 10 respondents believe that it is harder to find a job now than before the pandemic. Of these, 66% say it is “much harder”. More than that, only 6% of those surveyed were “extremely confident” they could find another job with the same total compensation if they became unemployed today, while 32 percent were “not at all confident”.
How is the tech hiring landscape shaping up?
According to the State of IT 2024 report, 66% of companies are preparing to increase their IT budgets for 2024, compared to only 4% who plan to decrease the amounts allocated.
What does this mean? That employment opportunities will increase this year. Put differently, experienced developers will be able to advance to more complicated tasks, focused on the trends of the moment, highlighting a need for juniors in the field, who will be able to process repetitive tasks with a low level of difficulty.
The list of the most sought-after jobs will potentially include: systems security manager (requires deep knowledge of security technologies, but also of IT infrastructure, to prevent any threat and repair any damage), applications architect (focused on the ability to design scalable application architectures, resilient and secure) and of course cloud architect, as Internet of Things – IoT is booming (technical cloud expertise, automation and scripting skills are important).
The big picture isn’t that gray, but we can’t ignore the fact that 90% of tech hiring managers report challenges finding qualified talent (according to a Robert Half survey at the end of 2023), with the situation getting worse as the time to hire has reached an all-time high, now averaging 44 days (according to Josh Bersin Academy global research).
Advice for candidates
Job interviews this year will be for certain quite broad, which means that they won’t only assess the theoretical information held by the candidates. One thing that every job applicant should know is that… digital skills are not enough.
In order to be more successful in the hiring process, it is necessary to develop your “soft skills” very well, such as communication and availability for teamwork. Be open to feedback and don’t internalize it as criticism. Moreover, don’t consider the waiting period as “dead time”. Stay connected to changes in the field and take new courses.
All the while, good organization will be crucial. It is desirable to make a schedule with each upcoming activity, in order to thoroughly prepare and not be taken by surprise. And don’t be afraid to ask the recruiter questions all throughout the selection process!
Recommendations for companies
Finding the right employees for job vacancies, that perfectly blend technical knowledge with social interaction, is more complicated than it seems, especially in such a dynamic hiring environment. The good part is that there are specialized companies that take the effort off your shoulders and materialize it in an exemplary way.
For example, VON Tech, which aids in the recruitment of technical specialists who can work either from the organization’s office or from their personal one. VON Tech delivers hardware design and verification, as well as embedded software development services, application implementation and testing in telecommunications.
Send a message to office@vontech.online and discover which solutions best suit your business and its needs!
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Without a doubt, technology evolves from day to day, not to mention the ever invoked rise of artificial intelligence. Leaving all this aside, developers nevertheless have to keep up with changes and update their skills, especially where programming languages are concerned.
Early bird catches the worm, as the saying goes, so learning which programming languages will be most sought after in 2024 will give you a head start and a big leverage.
That’s why we relied on the experts from VON Tech, a company with more than 10 years experience in helping IT businesses grow, to analyze the trends for the coming year and create a useful list for you.
Python, for scripting, automation and data analysis
This information may not be so surprising, especially considering that Python has been among the most popular programming languages for many years. It has a simple syntax, which makes it easy to understand and learn, but other features make it so desirable.
It is useful for both artificial intelligence and machine learning, as it has an ecosystem of libraries and frameworks. In addition, it also has the ability to handle large data sets. Summarizing, all these aspects make Python successful in scripting, automation or data analysis.
Java, for IoT frameworks and mobile development
Java is a highly sought-after programming language, especially because it is stable, scalable, and versatile. It is used in cloud computing, an essential function for company development, IT segment innovation, but also for mobile development.
Moreover, Java is useful for IoT (Internet of Things) development – the network of objects formed by connecting different devices, services and automated systems to each other via Internet.
JavaScript facilitates the creation of web applications
JavaScript is highly desired when it comes to web development: it is used both for building websites, but also for accessing embedded objects in other applications.
This programming language is constantly evolving to facilitate the creation of complex web applications. Thanks to frameworks like React Native and Ionic, JavaScript can also be used in mobile development.
C/C++ give control over memory and system resources
Although the C programming language appeared 45 years ago, this and the C++ version are a must even today.
C is a procedural programming language, very effective in writing operating systems, but also in building embedded systems. On the other hand, C++ is object-oriented, high performance, so developers have control over memory and system resources. It is often used in graphics applications and especially game development for consoles, PC or phones.
Swift, the “new” alternative for iOS ML and server-side development
Swift is a “young” programming language, launched in 2014 by Apple, used to write iOS, macOS, watchOS, and tvOS software. However, despite the novelty element, it managed to gain ground and enjoy popularity.
It began to be used more and more for the development of mobile applications and machine learning systems for iOS. Of course, it is also a good option for server-side development.
Don’t be afraid to outsource
Sometimes it can be complicated to find people with all the programming skills that would be useful for your business. Not to mention that even if you find them, the hiring and training process can be quite lengthy.
VON Tech leverages outsourcing and turns it into the most efficient solution. The +10 years experienced company provides hardware design and verification, as well as embedded software development, implementation and application testing services, in the US, Germany, SEE (3 locations in Romania) and UAE.
In other words, you get access to talented and competent employees easily, you optimize your financial and time resources, and you also get the best recommendations for your needs! Send a message to office@vontech.online and let’s get in touch to see what your needs are and how we might help.
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The concept of nearshoring is increasingly popular in Germany, especially when it comes to IT. What does this entail? Briefly, it represents the outsourcing of some company operations to trained personnel, often located in neighboring countries. In 2019, according to the CBI, 77% of German enterprises nearshored their software development in Europe, while only 23% offshored it to countries based on other continents.
However, in such a dynamic market, this fact is not surprising. VON Tech, a company with experience in recruitment and outsourcing for over 15 years, operating in the US, Germany, SEE (3 locations in Romania) and UAE, brings to attention the reasons why nearshoring has become so widely used.
It positively impacts the business strategy
The strategic side is essential for any business, since the speed of development and profitability depend on it. The business strategy can be supported in a surprising way: through qualified and talented people in the IT field who live across borders.
It is important to know that revenues from the German IT industry have grown steadily over the last decade, reaching 113 billion euros in 2022. For 2023, a total of 120.2 billion euros is estimated. On the other hand, it is also worth remembering that there is a labor shortage in Germany. Last year, an all-time high was reached, with a shortfall of 320,600 STEM (science, technology, engineering and math) workers.
Given the context, outsourcing tasks to people with rich knowledge is a considerable competitive advantage that more and more companies are turning to.
It helps when it comes to cost optimization
Nearshoring not only facilitates access to skilled personnel, but also leads to a company’s cost efficiency, characterized by increased budget control and flexibility.
According to information provided by Glassdoor in June 2023, the average salary of IT specialists in Germany reaches approximately 61,000 euros annually. This amount is much higher compared to the average salary in Poland (which is close to 23,000 euros annually, according to the Economic Research Institute) or the Czech Republic (which is just over 26,000 euros, according to the Economic Research Institute).
It enhances team efficiency
When you outsource certain complex tasks and you focus on the company’s strengths by leveraging them, the results are not long in coming. In other words, by using nearshoring you allow team members to focus on the tasks they are good at, without any additional stress.
And to forestall concerns about cultural differences that may affect the smooth running of business, we emphasize that proximity plays a key role. This type of collaboration often takes place between neighboring countries with no (big) time zone difference and similar cultural traits.
VON Tech IT outsourcing, a valuable alternative
To enjoy all these advantages, you need to get in touch with professionals in the field. VON Tech has a vast experience in helping IT businesses grow! Among the main guiding principles of the company are flexibility, cost efficiency and quality consultants.
The technical consultancy division delivers hardware design and verification, as well as embedded software development services, application implementation and testing in telecommunications. VON Tech clients are mainly active in networking and semiconductors industries and all are top tier in their fields.
The company provides technical specialists, who can work either from the client’s offices or from their personal office. VON Tech comes with the most suitable recommendations so that the client’s needs and wishes are satisfied in an efficient manner, optimizing the necessary costs and time.
When running a business in the tech field in 2023, it may seem tempting to require your employees to go back to the office. Understandably so, especially under the current economic climate. Lately, many renowned figures in tech and other related industries have stepped up and spoken against WFH as no longer a viable option. And afterall, when summoning your employees to their literal desk jobs, you have one certainty: all will be under supervision and effectively doing their job. As a consequence, you get your money’s worth for the talent you pay monthly. But… is this actually the case?
Aside from demoralizing and destabilizing personnel with a strict WFO policy, after so many driven changes in the last 2 years, remote or hybrid work still have their advantages.
We put together a top 10 reasons why remote and hybrid work might benefit your company with the help of VON Tech, an IT service provider company operating in the US, Germany, SEE (3 locations in Romania) and UAE.
1. The employer-employee bond is strengthened
Trust is the key for being able to embrace a remote or hybrid work style. So, as a manager you have to trust the team you manage and, most importantly, make it known. You will be surprised to find that employees will feel validated, and then they will have an amplified responsibility, wanting not to disappoint.
2. Productivity level increases
According to a Stanford University study, in the spring of 2022 employees reported a 9% higher productivity percentage in remote mode than in physical mode. The percentage increased from 5% in the summer of 2020. This fact proves that it is recommended, at least occasionally, to change the lucrative environment with a familiar one. Thus, the tasks are not only done better, but they are also completed faster.
3. The recruitment process becomes more qualitative
When you want physical presence in the office, you limit yourself to the people near the headquarters. This means that an important criterion in the selection process is proximity, at the expense of training. But why not have access to extraordinarily skilled and talented employees? You can collaborate with them even if they are a hundred kilometers away, trust us.
4. Employee well-being is improved
According to a 2022 Cisco Systems Inc. survey, 77% of employees believe that remote and hybrid working has improved their overall well-being. This aspect is essential, because the emotions felt during working hours impact, positively or negatively, the final results. Employees who feel good at work will obviously have increased engagement.
5. Decision making and problem solving are facilitated
Organizing physical events, even simple meetings or discussion sessions with employees, have been and will remain more complicated than the online ones. The solution? It is brought to attention by remote or hybrid work: virtual meetings, which don’t take minutes for employees to join (because they are stuck in traffic or other similar reasons). In just a few moments, points of view can be presented, problems can be debated and the best decision can be made.
6. Employee performance can be evaluated easier
As a manager, it is necessary to be aware of every piece of news related to the performance of employees. So, you should know that your work can be simplified through some programs that deal with: idle time monitoring, total working hours or productivity metrics.
7. Financial resources are saved
Another advantage that cannot be neglected when it comes to remote or hybrid work is aimed at saving financial resources. In other words, less money will go towards renting office buildings. In addition, this financial surplus can take the form of performance bonuses for employees. They will undoubtedly have a positive effect on productivity and well-being.
8. The communication process is streamlined
Communication, regardless of the used channel, is very important for the smooth running of the company. When it comes to remote or hybrid work, the information process is greatly simplified. More precisely, you no longer have to play “find the person who can answer your question” at the office, but just send a message on a social media platform and everything is solved.
9. Employee retention increases
Frequent changes of employees are not a pleasant situation at all. These often involve a lot of wasted financial and time resources. A way they can be combated? According to IWG’s HR Leaders & Hybrid Working Report, 60% of HR leaders believe that hybrid working increases employee retention.
10. The work-life balance is improved
A leadership position comes with various responsibilities. Because of this, many managers spend too much time in the office and miss out on unique family moments. A remote or hybrid work style does not only positively impact the employees or the company, but also those who lead it. So… work from anywhere, anytime, and enjoy the people you care for.
The right choice for your IT business
VON Tech has 20 years’ expertise in helping IT businesses grow and we went down this path because our clients requested it! We’re professionals and innovators, where there isn’t a way, we build one, we monetize quality first and foremost and value commitment.
Our technical consultancy division delivers hardware design and verification, as well as embedded software development services, application implementation and testing in telecommunications. Our clients are mainly active in networking and semiconductors industries and all are top tier in their fields.
VON Tech can give your company the most agile, cost-effective and top-quality services on the market. We talk, we listen, we deliver results.