Technology consulting is an exciting career as it offers the chance to provide digital solutions to clients in different domains in a short period. However, it has many pros and cons that should be considered before choosing it as your profession.
Accenture plc is an Irish-American professional services company based in Dublin and listed in Fortune Global 500. The company specializes in consulting and information technology services. Accenture had a notable engagement with the city of Paris, where technology consulting impacted how a whole city functions.
Hired by Paris authorities in 2018 to modernize the city’s civil service, the goal of the project was to connect maintenance technicians with a mobile system and web app while transitioning away from paper-based systems of the past.
To assist in solving the city’s challenges, Accenture utilized the modern city infrastructure to design and deliver digital solutions compatible with existing mobile networks. In addition, the objective was to enable opportunities to improve other civil services.
The city services in Paris are now connected with a user-friendly app. The technology consulting helps with everyday maintenance throughout the city, from repairs to automated routing and hands-free audio reporting. The system has enhanced efficiency by 20%, allowing Paris civil service workers to perform 140,000 repairs annually.
The Market for Tech Consultants
Currently, close to 316,630 technology consultants are employed in the United States alone. According to the Bureau of Labor Statistics, the demand for technology consultants is expected to rise by 11% from 2019 to 2029. This rate is higher than the average for all other occupations.
The technology consulting solutions market is predicted to be worth $48 billion, roughly 20% of the global consulting market. The year 2022 saw the industry reach over 600 billion U.S. dollars for the first time. This was an increment of over 30 billion U.S. dollars compared to the previous year.
The expected earning potential of an IT consultant is predicted to be better than most. A consultant with specialized skills and experience can command high hourly rates for their services. As per Glassdoor, the median salary for a tech consultant is $91,000 per year.
To be a successful consultant, the essential skill to acquire is project management, which only 12.5% of business technology consultants have on their resumes. Apart from that, business analysis is the second most necessary skill that appears only on 6.0% of resumes.
Pros and Cons of Being a Technology Consultant
Being a Tech consultant can be rewarding as well as a challenging career path. The consultants working for a software product engineering company enjoy working with various clients and projects utilizing their varied skills. However, while numerous benefits exist, the potential downsides also need to be considered.
Pros of Becoming a Technology Consultant
- Opportunity for Growth and Advancement
- As a consultant working for tech consulting firms, you’ll have the chance to engage with various clients and projects, which can help you use your diverse skill set and develop new skills and advance your career.
- Since most of the projects run for weeks or months, the consultants work in many different companies and industries. This provides an exciting opportunity to explore fields of interest.
- Helps to Boost Resume
- The experience of working at a technology consulting company is of high importance. Since working as a consultant requires technical expertise, hard work, teamwork, communication, and more, tech consulting experience is highly appreciated.
- Even if an employer works as a technology consultant for a short term, the experience can boost your career and put you on the path to success.
- A professional who has experience working at product engineering solutions gets a look and feel of different domains. This experience and learning help to even work as a freelance or on a contract basis, providing flexibility in terms of location and schedule.
Cons of Becoming a Technology Consultant
- Limited Job Security
- Technology consulting services companies are not known for their job security. A tech consultant may enjoy job security differently than a full-time employee, as your work is typically project-based.
- High Stress
- The amount of stress in software product engineering services is very high. However, the pressure also depends on your position with the company, the projects you work on, and more.
- An IT consultant has to experience more significant job stress than others because of frequent change, work travel, adapting to new work environments, and more.
- High Churn
- Tech consultants experience a lot of turnover among their coworkers. This, however, is not a big surprise because of the high-pressure and fast-moving pace of the job. The high churn rate can negatively impact the team’s morale and also worsen the workload for the remaining team.
- Any technology consulting company’s higher average turnover rates are worth keeping in mind for anyone considering this line of occupation.
Technology consulting provides an excellent opportunity to work with various clients and projects, which can help developers hone diverse skill sets and advance their careers.
In addition, there is a high demand for tech consultants with specialized skills and expertise, and those with experience can command high hourly rates for their services.
However, it’s also essential to consider this career path’s potential downsides, such as limited job security, limited benefits, and the need for constant learning to stay up-to-date on the latest trends and developments in the field.
Ultimately, whether a career as a tech consultant is right for you will depend on your strengths, interests, and career goals. If you are interested in starting a career in product engineering solutions, Tntra technology consulting is a place to be.
For the best technology consulting services, contact the experts at Tntra today.