If everybody is opting for IT sector, what is the fate of other sectors?
Answer:
Their fate perhaps would lie in how well they applied new found technologies into their respective sectors.
We already see advances in Health Care (identification of symptoms and diagnosis) because of shared IT.
Basic Materials, Oil and Gas, and Industrials all can benefit from more economical and practical applications of IT.
The IT sector has been witnessing steep growth during the last decade or so.Hence the demand supply gap is too wide and hence everybody is opting for it. One of the reasons is good pay, benefits etc.
After some time the demand supply gap will widen in other sector also pushing up salaries and definitely will turn to be attractive. I feel already this is happening in finance, engineering, real estate, health, hospitality and other sectors.IT sector has many charecteristics which facilitates steep growth whereas other sector like engineering, construction, etc. do not have. But still other setors also will grow in their own way ofen using the tools of the IT sector.
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