Have you wondered if the jobs that exist today will
survive ten years from now? If they do, how much will they have transformed due
to automation and cognitive technologies of Industry 4.0? If they have gone
obsolete, what would the jobs of the future be like? And most importantly, what
will be the skills required to perform them? The critical thing to note
here is that most of these jobs will not just evaporate, but will transition
into other technologized skills with the touch of emerging technologies.
The ITeS industry in India is facing a significant
skill gap, claims Nasscom. It further states that there is a shortage of
140,000 skilled technologists for 500,000 jobs in the industry across multiple
verticals. The demand-supply gap for a skilled workforce has hit all industries
hard last year. The gap between the jobs to be filled and the skilled talent
pool competent to fill them is widening at an alarming pace. By 2021, the
industry is expected to face a shortage of 230,000 skilled technologists as jobs
in Artificial Intelligence and Big Data will increase to 780,000. Individuals
and enterprises both must have cutting-edge skillsets to stay relevant and lead
the competition.
The must-have skills in Gen-Z!
Technology is inescapable! As the days, months, and
years go by, technology only gets better and better. Adapting to emerging
technologies will be the way forward. The need of the hour is to have the right
workforce having the right skills trained with the right tools and
technologies. The rise of Machine Learning and Artificial Intelligence
has changed the dynamics of learning by creating more personalized and relevant
experiences for learners. With Augmented Reality (AR) and Virtual Reality (VR),
the learning and development industry can go deeper into conceptualization with
real-time simulations. Edge Computing and IoT have brought forth smart devices
that can be favorable for hands-on experiments. Resting on the huge chunks of
data generated every second around the world, Big Data Analytics can provide
meaningful insights that can be leveraged to make significant amendments in the
learning and development platforms.
“According
to Forbes, the top 5 technologies implemented by most of the companies globally
are Big Data/Analytics (58%), mobile technologies (59%), private cloud (53%),
public cloud (45%) and APIs and embeddable technologies (40%).”
Mitigating the skills gap!
The L&D industry globally, has increased their
budgets and has started to provide executive support to pave the way for
technology training companies to play a more strategic role in tackling the
skills gap. At such a time, having a professional technology training provider
can mitigate the challenges that aspiring individuals and corporate workforce
often face while deciding to upskill.
An
article by The News Minute claims that the L&D industry is spending about
Rs 10,000-crore for re-skilling and human resource development in 2019.
The graph represents the comparison of budget
constraints over the span of 3 years:
Source: LinkedIn Learning – 3rd Annual
2019 Workplace Learning Report
There is more budget for online learning than
instructor-led training. Since 2017, it is estimated that 59% of talent
developers spend more of their budget on online learning while 39% say they
spend less on instructor-led training (ILT). This is represented in the graph
below:
Source: LinkedIn Learning- 3rd Annual
2019 Workplace Learning Report
“82%
of L&D pros say that their executives actively support employee engagement
in professional learning.”
Source: LinkedIn Learning- 3rd Annual
2019 Workplace Learning Report
Analyst Era, the world’s leading
digital workforce solutions company, helps organizations bridge the
critical skills
gap by providing industry-ready, trained and certified
workforce. With industry experts as trainers who have years of experience under
their belt, Analyst Era formulates courses and training deliverables with a futurist disposition. The
curriculum is well-planned, customizable, and systematic, keeping in mind the
busy working schedule of the corporate workforce. These courses also
incorporate the latest updates in the technologies and are blended with
different modes of interactive learning so employees develop the most relevant
and the latest skills.
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