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Reading: How AI is  expected  to create 12  million  jobs by 2025;  Challenge the fear of  unemployment  
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How AI is  expected  to create 12  million  jobs by 2025;  Challenge the fear of  unemployment  

Team Happen Recently
Last updated: 2024/01/15 at 10:16 AM
Team Happen Recently
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  As  the  “Future  of the Skills Landscape  2024” report reveals, 82% of employed people expressed concern about the possibility of their roles becoming obsolete. 

 It is believed that the integration of  artificial intelligence  and automation  will lead to significant  unemployment. Contrary to this  idea,  the  “Future  of  Jobs” report  published by the World Economic Forum (with TCS as a strategic partner),  predicts  the creation of 12 million more jobs  thanks to  AI by  2025,compared to  the number  of displaced people.  In  reality,  only those  who  fail  to  acquire  new skills and  adapt  to the  changing  needs  of the job market  will lose their  jobs.  Sumit Kumar, strategy director at TeamLease Degree Apprenticeship, told FE Education, from  computers and software to the  internet  and now AI, these  advances  have  continuously created  more  job opportunities. “Manufacturing industries are  expected to benefit the most from  AI-driven  job  expansion, especially in  supply chain, quality control,  predictive capabilities,” he said. market,  customer service and  sales”.  

 Amid technological  advances,  82% of employed  people  expressed concern about the  possibility  of their  roles becoming obsolete,  as revealed in the  report “The Future  of the Skills Landscape  2024”.  The report  highlights growing concerns among  the  Indian  workforce  about  the  risk  of job  loss  due to  technological advances, thereby emphasizing  the need for  continued  reskilling. “Continuous reskilling and upskilling  is  essential  to prepare today’s  workforce. It is imperative for both  livelihoods  and  employment  to  systematically  invest in these  activities.  While  organizations need to  focus on talent development, individuals  have  the responsibility  to continuously improve  their  skills  to  maintain employment,”  Kumar said.  

 Additionally, NASSCOM has introduced  programs tailored to  roles and  skills, keeping in mind the  jobs of the future. Successful  implementation of a program  requires collaboration between  industry and academia.  Further,  the government, through the  NSDC-led  Skill India  Mission,  is promoting digital literacy to address skill  generation  in AI and related technologies, he said  in response  to a  question. of  collaborative efforts between  industry, universities  and government  agencies.  facilitate the positive impact of AI on job creation. 

  As of August 2023, the  number of  AI  professionals in India reached  4.16  lakh,  ready to  meet  the  growing  demand  expected  to  reach  one million by 2026.  According to ‘India Skills Report 2024’,  India faces a  significant supply  gap  of 60-73%  in  key roles such as  Machine Learning (ML)  Engineers, Data Scientists, Engineering  DevOps engineer and data  architect.  “These job opportunities will  include  a variety of roles, spanning both technical and non-technical  sectors,  across  a variety of  functions and  sectors.  Sectors  like  healthcare, retail, BFSI,  logistics,  supply chain management and manufacturing will see a  combination  of  basic  and advanced  level  AI  roles, Kumar explains. affecting  both direct and indirect  impacts  on the  industry.  

 For more  information,  visit at https://happenrecently.com/zepto/?amp=1

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