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.
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