Chartered Technofunctional Institute Launches Its Website “TechnoFunc”

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Chartered Technofunctional Institute today announced the launch of their revamped portal http://www.technofunc.com providing training material on domain, functional and IT Leadership Skills.

The IT industry would continue to grow at healthy growth rates over the next decade leading to a continuing demand for a skilled workforce. IT now plays a significant role in providing competitive edge and driving efficiency in operations. As per the current estimates the IT spending is expected to grow at 6.3% globally in the next five to six years. The BFSI, telecom, retail, and manufacturing sectors are expected to account for major portion of the IT Services revenues. To take advantage of the potential market and increasing spend, industry will demand professionals who have domain knowledge across a host of business verticals like BFSI, retail, engineering, Enterprise Solutions, IT consulting, along with excellent “IT leadership skills.” Chartered Technofunctional Institute (http://www.technofunc.com) is creating exclusive tutorials that will help the IT professionals master all the three verticals – Domain Knowledge, Functional Knowledge and IT Leadership Skills.

“A high level of competence in chosen technology with understanding of underlying business processes is a minimum requirement today as both the business world and the IT applications are becoming complex day by day. To succeed in this environment one should acquire domain knowledge as well as process knowledge (functional skills) and must also continuously focus to upgrade their soft skills as perfectly as one can,” said Mrs. Rohini Aggarwal, Chairman and Managing Director, Chartered Technofunctional Institute, here.

She added that “In order to formalize our training syllabus we conducted an assessment of the current gaps and found that a large percentage of IT professionals, at their current competence levels have inadequate ability to manage large scale assignments or transition from a developer to project manager role. Those who are at Project Manager Levels, they find it extremely challenging to qualify for a Business Head position or other leadership roles.”

As per the surveys conducted earlier by “TechnoFunc”, the major skill gaps that exist at the entry level are inadequate soft skills, especially communication skills, as they assume greater significance when it comes to interacting with the client/business folks. Professionals who are new to corporate culture find it challenging to understand organizational dynamics and face issues pertaining to reporting, compliance, escalations, email etiquettes, client interactions and various other protocols which are taken for granted by fellow employees. Those who have been in the same role for some time, suffer from inability to ‘deep-dive’ into a particular language/technology platform as experience level increases and suffer the dilemma of depth or breadth when it comes to learning new things.

Inadequate specialization, clubbed with poor domain and business exposure leads to gaps in abstraction of learning which impacts their growth as well as the perceived value by the client. Lack of systems approach, project management, solution mindset, process knowledge, change management processes, collaboration and inclusiveness are some other areas which demand mentoring and training.

The problem becomes exponential as large portion of these skills are learnt by experience, and unfortunately the fact is that there are exists no structured training programs to address these gaps. Some companies have invested to develop these skills in-house, but majority of population is deprived of right resources or training, either they are simply not available or where available the cost is too high.

Anjali Goyal, Head, Content Development for TechnoFunc, said “Our portal http://www.technofunc.com could be a game changer, as it addresses all the three verticals, Domain Knowledge, Functional Skills and IT Leadership Skills, but it will take some time before we are able to launch trainings for all the sub-areas. Currently we have started with overview for almost 10 industries and a deep dive into general ledger functional area. We are planning to launch our first course for the BFSI professionals on banking by end of May 2013 that will help any IT professional quickly learn everything about banking domain. We look forward for constructive feedback on how we can make this experience better.”

TechnoFunc continues to grow without any advertising due to its high quality online resources and popular newsletter. Over 500 skill-building articles are available at no cost currently, and Institute plans to launch very soon “TechnoFunc Capsules,” that will enable students acquire a complex skill in 2 to 3 hours. TechnoFunc resources are enjoyed by more than 2.2 million professionals each year and their official Youtube channel (http://www.youtube.com/technofunc) has already crossed 75K views of various tutorials offered in the form of videos. These resources provide the ability for continuous learning, personal & professional development and graduate as a successful techno-functional professional.

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Rohini Aggarwal

Anjali Goyal
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