The wave of information technology (IT) incontinently rises, covering the world of business, swallowing the industry one by one. It has become an imperative to learn how to surf on this wave for all the ones who want to survive.

Today, the largest part of American wealth and entrepreneurial potential is concentrated in the Silicon Valley in California, whose backbone is the IT development, specifically the software industry. California is currently number one economy of the United States and the eighth in the world. Besides California, we have a similar case in Europe, where the development of the European economy is also based on IT.

The European Union had large investments in the development of information technology in the last decade and has increased the efficiency of their companies by as much as 50 percent. The expansion of exports of IT outsourcing services (software production on demand) made the software industry the fastest-growing branch of the economy, even in our region.

Silicon Valley – the eighth economy in the world!

In the past, IT was only used as an additional and related service in the industry. But today, industries are “swallowed” one by one with the digitization of the economy. Now, it is all about the economy and social revolution, in the true sense of those words. This immense development of IT has spawned the huge insatiable market, a lot of creative and well-paid work, but there also lays a key challenge – lack of qualified IT personnel. The European Union will, in the next four years, despite the modern and advanced educational system, have approximately 900,000 vacancies for IT professionals.

That biggest “hole” of this sector on a global scale is partially fulfilled by us.

There is no precise data for Bosnia and Hercegovina, but it is estimated that the IT sector has less than 3,000 employees, in Croatia about 13,000, and in Serbia between 6 and 7,000 professionals. All in all: not enough! compared to the global needs, but also to the demands of the domestic market.

Maybe this is just a “transient illness”, perhaps we are too late start developing in this area compared to other countries, we might catch up…

A short comparison: The Faculty of Electrical Engineering in Sarajevo offers around 70 graduates of computer science on the market annually. For the sake of comparison, only in Timisoara (Romania) around 7,000 IT students graduates annually, which is almost five times more than in the whole of Croatia, more than in Serbia in total and 100 times more than The Faculty of Electrical Engineering in Sarajevo. It’s worth to say, Timisoara has a population less than Sarajevo.

Timisoara – Sarajevo 100: 1

Obviously, Romania has taken the IT revolution more seriously. We have not. In Romania, today there are more than 50,000 IT professionals, and they proudly boast about it to their investors on their websites. It is estimated that there will be around 300,000 IT professionals until 2020! In Bosnia and Hercegovina we still do not have even 3000, and the slow pace of production promises that this number will not grow significantly. In addition to the production of IT personnel, Romania subsidizes the software exports, and gives special conditions to IT companies of various levies. They are aware that by investing in the software industry the state will profit from it immensely.

Professor. Karl Fisch and his team from the Arapahoe High School (Colorado), concluded a research a few years ago and presented us with some very interesting findings.

Among other things, this study shows that the current system of education in schools should prepare the students for jobs that do not exist and to use technologies that have not yet been invented, in order to solve problems for which we still do not know they exist.

The most wanted jobs in 2010 worldwide did not exist in 2004!

We are witnessing the fastest revolution in the history of mankind – IT revolution, which like every revolution, requires people who can carry it out. In our country, unfortunately, there are no such individuals. At least not enough. In Romania those people exist. And the revolution is happening there. As we speak.

Integrated text analysis of the IT sector can be found here.

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