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<part class="container article-section status_prime_article single-post currentlyInViewport inViewPort" id="news_dtl_111760934" data-article="0" page-title="Upskilling key for India's tech workforce to thrive in AI period: Report" data-href="https://cio.economictimes.indiatimes.com/information/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934" data-msid="111760934" data-mediaid data-news="{"hyperlink":"/information/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","seolocation":"/information/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","seolocationalt":"/information/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","seometatitle":false,"seo_meta_description":"In keeping with Sachin Alug, CEO of NLB Companies, a expertise and digital expertise options supplier, well-liked upskilling areas embrace knowledge analytics, machine studying, cybersecurity, banking and wealth administration, digital advertising and marketing, robotics, AI and cloud computing.","canonical_url":false,"url_seo":"/information/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","category_name":"Synthetic Intelligence","category_link":"/information/artificial-intelligence","category_name_seo":"artificial-intelligence","updated_at":"2024-07-16 08:56:24","artexpdate":"2025-01-11 13:05:08","agency_name":"IANS","agency_link":"/company/87654334/IANS","read_duration":"2 min","no_index_no_follow":false,"key phrases":[{"id":19899640,"name":"AI","type":"General","weightage":100,"keywordseo":"AI","botkeyword":false,"source":"keywords","link":"/tag/ai"},{"id":35611,"name":"technology news","type":"General","weightage":20,"keywordseo":"technology-news","botkeyword":false,"source":"Orion","link":"/tag/technology+news"},{"id":107950,"name":"artificial intelligence","type":"General","weightage":20,"keywordseo":"artificial-intelligence","botkeyword":false,"source":"Orion","link":"/tag/artificial+intelligence"},{"id":19967675,"name":"NLB Services","type":"General","weightage":20,"keywordseo":"NLB-Services","botkeyword":false,"source":"keywords","meta":{"keywordsubtype":"org","entityname":"NLB Services","hostid":"268","entityid":"NLB Services"},"link":"/tag/nlb+services"},{"id":19906883,"name":"cybersecurity","type":"General","weightage":20,"keywordseo":"cybersecurity","botkeyword":false,"source":"keywords","link":"/tag/cybersecurity"},{"id":19897246,"name":"India Skills Report 2024","type":"General","weightage":20,"keywordseo":"India-Skills-Report-2024","botkeyword":false,"source":"Orion","link":"/tag/india+skills+report+2024"}],"read_industry_leader_count":false,"read_industry_leaders":false,"embeds":[{"title":"Big Tech AI data.","type":"image","caption":false,"elements":[]}],"thumb_big":"https://etimg.etb2bimg.com/thumb/msid-111760934,imgsize-86040,width-1200,top=765,overlay-etcio/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report.jpg","thumb_small":"https://etimg.etb2bimg.com/thumb/img-size-86040/111760934.cms?width=150&top=112","time":"2024-07-15 20:33:20","is_live":false,"prime_id":0,"highlights":[],"highlights_html":"","also_read_available":false,"physique":"
![""]("https://etimg.etb2bimg.com/photo/111749920.cms")
Knowledge exhibits that by 2025, AI is predicted to contribute as much as $500 billion to India’s GDP, probably reaching $967 billion by 2035.
In keeping with Sachin Alug, CEO of NLB Companies, a expertise and digital expertise options supplier, well-liked upskilling areas embrace knowledge analytics, machine studying, cybersecurity, banking and wealth administration, digital advertising and marketing, robotics, AI and cloud computing.
"These programmes can result in a wage enhance of 20-30 per cent in metro cities and 15-20 per cent in Tier 2 and three cities," he mentioned.
Pushed by the necessity to keep related, widespread web entry and the rise of e-learning platforms, contemporary expertise from tier 2 and three cities is more and more enrolling in upskilling programs.
Bengaluru and Chennai lead in upskilling initiatives, adopted by Mumbai, Delhi and Hyderabad.
A current report signifies that solely 29 per cent of Indian contemporary graduates in white-collar jobs really feel safe about retaining their positions in FY25. It confirmed professionals within the IT, telecom, and tech sectors, particularly these with engineering levels, contemplate upskilling essential for his or her careers.
The report additionally highlighted gender range in upskilling.
Round 20-25 per cent of ladies in IT are actively concerned in these upskilling programmes, although 30-35 per cent really feel underconfident resulting from a scarcity of coaching in superior applied sciences like generative AI, robotics, and cloud computing, the report talked about.
Additional, the report famous that the manufacturing sector is predicted to generate 5 million new AI-related jobs by 2030. That is in "distinction with retail, which can lose 850,000 jobs by 2025 however achieve 4 million new AI-centric roles".
Therefore, he known as on policymakers to undertake strategic initiatives to deal with these evolving wants.
"To reach the AI-driven future, a proactive technique for steady studying and upskilling is required; in any other case, India could expertise instability owing to inadequate upskilling within the IT sector, significantly in AI," the report talked about.
The ‘India Expertise Report 2024’ forecasts that AI will create 1.6 million new jobs in healthcare by 2030, whereas finance may even see 1 million jobs displaced but in addition 1.5 million new AI-skilled positions.
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According to Sachin Alug, CEO of NLB Services, a technology and digital talent solutions provider, popular upskilling areas include data analytics, machine learning, cybersecurity, banking and wealth management, digital marketing, robotics, AI and cloud computing.
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Even as India emerges as a global IT outsourcing hub and a breeding ground for technology startups, acquiring specialised skills to meet employer expectations is of utmost importance, a report said on Monday.
Data shows that by 2025, AI is expected to contribute up to $500 billion to India’s GDP, potentially reaching $967 billion by 2035.
According to Sachin Alug, CEO of NLB Services, a technology and digital talent solutions provider, popular upskilling areas include data analytics, machine learning, cybersecurity, banking and wealth management, digital marketing, robotics, AI and cloud computing.
“These programmes can lead to a salary increase of 20-30 per cent in metro cities and 15-20 per cent in Tier 2 and 3 cities,” he said.
Driven by the need to stay relevant, widespread internet access and the rise of e-learning platforms, fresh talent from tier 2 and 3 cities is increasingly enrolling in upskilling courses.
Bengaluru and Chennai lead in upskilling initiatives, followed by Mumbai, Delhi and Hyderabad.
A recent report indicates that only 29 per cent of Indian fresh graduates in white-collar jobs feel secure about retaining their positions in FY25. It showed professionals in the IT, telecom, and tech sectors, especially those with engineering degrees, consider upskilling important for their careers.
The report also highlighted gender diversity in upskilling.
Around 20-25 per cent of women in IT are actively involved in these upskilling programmes, though 30-35 per cent feel underconfident due to a lack of training in advanced technologies like generative AI, robotics, and cloud computing, the report mentioned.
Further, the report noted that the manufacturing sector is expected to generate 5 million new AI-related jobs by 2030. This is in “contrast with retail, which may lose 850,000 jobs by 2025 but gain 4 million new AI-centric roles”.
Hence, he called on policymakers to undertake strategic initiatives to address these evolving needs.
“To succeed in the AI-driven future, a proactive strategy for continuous learning and upskilling is required; otherwise, India may experience instability owing to insufficient upskilling in the IT sector, particularly in AI,” the report mentioned.
The ‘India Skills Report 2024’ forecasts that AI will create 1.6 million new jobs in healthcare by 2030, while finance may see 1 million jobs displaced but also 1.5 million new AI-skilled positions.
<span id="etb2b-news-detail-page" class="etb2b-module-ETB2BNewsDetailPage" data-news-id="111760934" data-news="{"link":"/news/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","seolocation":"/news/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","seolocationalt":"/news/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","seometatitle":false,"seo_meta_description":"According to Sachin Alug, CEO of NLB Services, a technology and digital talent solutions provider, popular upskilling areas include data analytics, machine learning, cybersecurity, banking and wealth management, digital marketing, robotics, AI and cloud computing.","canonical_url":false,"url_seo":"/news/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report/111760934","category_name":"Artificial Intelligence","category_link":"/news/artificial-intelligence","category_name_seo":"artificial-intelligence","updated_at":"2024-07-16 08:56:24","artexpdate":"2025-01-11 13:05:08","agency_name":"IANS","agency_link":"/agency/87654334/IANS","read_duration":"2 min","no_index_no_follow":false,"keywords":[{"id":19899640,"name":"AI","type":"General","weightage":100,"keywordseo":"AI","botkeyword":false,"source":"keywords","link":"/tag/ai"},{"id":35611,"name":"technology news","type":"General","weightage":20,"keywordseo":"technology-news","botkeyword":false,"source":"Orion","link":"/tag/technology+news"},{"id":107950,"name":"artificial intelligence","type":"General","weightage":20,"keywordseo":"artificial-intelligence","botkeyword":false,"source":"Orion","link":"/tag/artificial+intelligence"},{"id":19967675,"name":"NLB Services","type":"General","weightage":20,"keywordseo":"NLB-Services","botkeyword":false,"source":"keywords","meta":{"keywordsubtype":"org","entityname":"NLB Services","hostid":"268","entityid":"NLB Services"},"link":"/tag/nlb+services"},{"id":19906883,"name":"cybersecurity","type":"General","weightage":20,"keywordseo":"cybersecurity","botkeyword":false,"source":"keywords","link":"/tag/cybersecurity"},{"id":19897246,"name":"India Skills Report 2024","type":"General","weightage":20,"keywordseo":"India-Skills-Report-2024","botkeyword":false,"source":"Orion","link":"/tag/india+skills+report+2024"}],"read_industry_leader_count":false,"read_industry_leaders":false,"embeds":[{"title":"Big Tech AI data.","type":"image","caption":false,"elements":[]}],"thumb_big":"https://etimg.etb2bimg.com/thumb/msid-111760934,imgsize-86040,width-1200,top=765,overlay-etcio/artificial-intelligence/upskilling-key-for-indias-tech-workforce-to-thrive-in-ai-era-report.jpg","thumb_small":"https://etimg.etb2bimg.com/thumb/img-size-86040/111760934.cms?width=150&top=112","time":"2024-07-15 20:33:20","is_live":false,"prime_id":0,"highlights":[],"highlights_html":"","also_read_available":false,"physique":"
Knowledge exhibits that by 2025, AI is predicted to contribute as much as $500 billion to India’s GDP, probably reaching $967 billion by 2035.
In keeping with Sachin Alug, CEO of NLB Companies, a expertise and digital expertise options supplier, well-liked upskilling areas embrace knowledge analytics, machine studying, cybersecurity, banking and wealth administration, digital advertising and marketing, robotics, AI and cloud computing.
"These programmes can result in a wage enhance of 20-30 per cent in metro cities and 15-20 per cent in Tier 2 and three cities," he mentioned.
Pushed by the necessity to keep related, widespread web entry and the rise of e-learning platforms, contemporary expertise from tier 2 and three cities is more and more enrolling in upskilling programs.
Bengaluru and Chennai lead in upskilling initiatives, adopted by Mumbai, Delhi and Hyderabad.
A current report signifies that solely 29 per cent of Indian contemporary graduates in white-collar jobs really feel safe about retaining their positions in FY25. It confirmed professionals within the IT, telecom, and tech sectors, particularly these with engineering levels, contemplate upskilling essential for his or her careers.
The report additionally highlighted gender range in upskilling.
Round 20-25 per cent of ladies in IT are actively concerned in these upskilling programmes, although 30-35 per cent really feel underconfident resulting from a scarcity of coaching in superior applied sciences like generative AI, robotics, and cloud computing, the report talked about.
Additional, the report famous that the manufacturing sector is predicted to generate 5 million new AI-related jobs by 2030. That is in "distinction with retail, which can lose 850,000 jobs by 2025 however achieve 4 million new AI-centric roles".
Therefore, he known as on policymakers to undertake strategic initiatives to deal with these evolving wants.
"To reach the AI-driven future, a proactive technique for steady studying and upskilling is required; in any other case, India could expertise instability owing to inadequate upskilling within the IT sector, significantly in AI," the report talked about.
The ‘India Expertise Report 2024’ forecasts that AI will create 1.6 million new jobs in healthcare by 2030, whereas finance may even see 1 million jobs displaced but in addition 1.5 million new AI-skilled positions.
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