Reskilling In AI, ML, IOT is Must to Stay Employed in India, Says NASSCOM

Robin
Aug 9, 2019

Could you survive in the constantly changing professional landscape?

If you know your skills and are aware of trending requirement, you can answer in a second. But, retaining your job depends on upskilling yourself. Otherwise, you cannot retain your job. It’s not a joke, but the truth.

NASSCOM and World Economic Forum (WEF)

An audit by NASSCOM has claimed that 40 percent of India’s total workforce will need reskilling over the upcoming five years. The new technologies, including artificial intelligence, machine learning, Internet of Things (IoTs) and blockchain, are creeping into every walk of life.

Even, the World Economic Forum (WEF) report titled ‘The Future of Jobs 2018’ predicted that nearly 75 million jobs will turn offbeat by 2022. But, there is the good news for upskilled workforce-that is, 133 million new jobs will welcome them to enroll for.

Certainly, the technology is transitioning exponentially over the last decade. This shift has made it crystal clear that the shelf life of typical skills is short.

Why India’s IT workforce is failing at reskilling?

Before exploring the condition of India’s IT workforce, concentrate on its traditional education system. The schools and colleges are stringently stuck to obsolete education. The grads and post-graduates have to gear up with the trending technology education from outside. It is simply because they lack job-oriented skills and aptitude, which is a must to learn new and advanced technologies. The future job market will have no space for the unskilled workforce.

The intellectual property in engineering, research and development should be promoted in the wake of the digital era. It will foster around 1000 technologies spin-offs in India. Unfortunately, India lacks specific incentives for research and development for IT companies.

In short, the Indian education system is off the track, where technical skills have no space to build career.

However, Indian PM Narendra Modi drilled deeply the modern technologies. It reflects through his efforts in ‘Make in India’ and ‘Skill India’ schemes. He wants to make Indian youth job-ready.

What are the benefits of upskilling workforce?

The corporates are smartly playing in the business. The big corporations, like FMGC, are proactively incorporating skilled intern for a limited tenure. Besides, they are consistently trading off skills and unskilled workforce to upgrade pan workforce.

Let’s catch what its benefits are:

The bond between employees and employer goes a long way.
The critical situation of attrition does not stem up.
The organisation wins capability to live up to the requirement of technology and future demand.
It minimizes the skill gap of employees.
The devil of unemployment stops breeding poverty and backwardness.

Budget 2019 Places AI in Core:

The budget 2019 has an explicit place for AI-driven literacy. It announced the introduction of the National Artificial Intelligence Center and National AI portal. The union budget also echoed for building skill sets in ultramodern technologies, such as AI, Big Data and Robotics.

In the present scenario, many industrialists are looking forward to attract a compound annual growth rate (CAGR) of 50.1 per cent.

Finance Minister Nirmala Sitharaman iterated that the in-rule government is committed to reskill and upskill with AI and IoTs to assist youths in getting a government or private job overseas. To make it happen, it is focusing on preparing a dedicated curriculum developed across identified sectors. This is how the govt. will create job opportunities while creating an IT workforce, which will be in sync with the competitive world of work.

It has a plan to pump up the efficacies of ‘Skill India’ in association with the EdTech. This proposition, if works well, will promote online networking, assessments, exams, exposure and fun among outbound and in-house talents.