The document discusses the scope of information technology and its potential for wealth creation versus merely earning money. It emphasizes the importance of fulfilling consumer needs through IT products, as well as the business models available in the field, particularly focusing on scalable software solutions. Additionally, it offers guidance for IT students on essential skills and knowledge to develop for successful careers in the industry.

1. Asif Shahzad
Lecturer, CS Department
CIIT Lahore
Scope of Information Technology
February 20, 2013

2. Topics
• Theory of Wealth and Information Technology
• Business Models in Information Technology
– Scope of Selected Models
• What Should I Do, Being an IT Student
• AQEEDA and DUA

3. Wealth and Money
• We start from going school daily, then join
college and ends up at university. Almost 8 hrs
daily commitment, for 16 years.
• This 16 years exercise develops a feeling, as
we again need to go somewhere daily to do
work (aka. job). Which is not correct.
• In fact its time we need to create wealth.
Which is not money. Money follows wealth.
• Wealth is what we need

4. Wealth and IT
• So the more people’s needs we fulfill (i.e. the
wealth we provide), the more money would
follow.
• If you make a Chair, you can’t sell same Chair
to even two customers
• If you make a software, you can sell it to
millions of customers. Its only in IT.
• Its only field you can start a business in, with
zero investment. And you alone are enough.

5. Business Models in IT
• Business or Earning Models: Order is important
– Make products for consumer web/mob/desktop market.
Same product, millions of users. Almost all billionaires in IT
industry followed this model.
– Work directly/indirectly for an individual client
– Working at fixed wages – Job stands here
• You would automatically switch to bottom option,
if you failed to utilize the earlier.
• Greater the distance from client, lesser the money
• Try to decouple your value creation from time
• If you can’t manage yourself, others will manage you

6. IT Jobs in Pakistan
Software and Web Development: 660 Jobs

7. IT Jobs in Other Countries

8. Open Freelance Projects
My Personal Findings , February 20, 2013

9. What Should You Do,
Being an IT Student
• What we look when interview?
• Languages and technologies may (in fact, will) obsolete
• Strong Concepts (i.e. theoretical knowledge of CS)
– Algorithms as thinking paradigm (brute force, heuristics, greedy
algorithms, back tracking)
– Object Oriented Design and Design Patterns
– Good understanding of Network Protocols (e.g. TCP, IP, HTTP, UDP)
– Strong data structure knowledge (the underpinnings)
• Do some great projects during your studies (for
expertise, job, free lancing)
• Develop ability to learn, brainstorm, problem solving and
effective communication

10. DUA

11. Thanks !
Questions or
Comments ?