Students and graduates on IT related courses should be looking to invest in their IT governance skills, due to the proliferation of cloud computing.

This was the opinion of Pragasen Morgan, director of risk assurance at PricewaterhouseCoopers, who was speaking to Information Technology Management for Business (ITMB) students today at the tenth annual e-skills UK event.

ITMB degrees are backed by e-skills, designed by some of the world's leading technology companies and aim to provide students with both a technology and business foundation.

Morgan told students that IT governance will play a big role in careers. "What we see a lot of at PwC is inadequate IT governance in companies. It is becoming a big theme in the marketplace, and we suspect it is going to be the next big topic going forward," he said.

"The big driver behind this is cloud computing and data. Governance around where data sits when services are put in the cloud is critical for companies and is going to play a large role over the next two or three years," he added.

"So when thinking about your careers, think about these areas when you plan what skills you have to develop and grow over the next few years."

Morgan also told students that they should keep an eye on the outsourcing market, as this is likely to be another area companies are going to need expertise as they plan to bring a lot of services back in-house.

"We saw a lot of outsourcing and offshoring a few years ago, and actually we are seeing a lot of these services being brought back in," he said.

"This is partly to support the government's drive around nurturing skills in the UK. But also due to rising inflation, costs in India and China are increasing."

He added: "A lot of businesses are making plans around this for the coming years."

Morgan closed his talk by telling the students and graduates at the event that although technical skills will be important in their roles, the ability to network and communicate in business will be infinitely more valuable.

"One of the things that I didn't recognise when I stepped into business was how few of my technical skills I would continuously use. Yes I keep them up-to-date, yes I am agile to change, but actually business acumen, networking and building relationships are fundamentally important," he said.

"Anyone in IT who thinks their technical skill is all they will be trading will be out of a job in the next few years. What will you do if your company decides to put everything in the cloud?" he added.

"You have to be able to articulate to the business in terms of investment, value and capital expenditure. These are the sort of conversations that are happening in the boardrooms, and as you start looking at your career, supplement what you do with the ability to speak in business language."