The Indian tech industry will add another three million new jobs in the next five years, according to an international organisation that studies India’s “flexi” working industry.
In total, the number of the country’s tech job openings will be 7 million by 2023.
All these new jobs would come up in digital technology areas such as AI, machine learning, IoT, data science, analytics, big data, block chain, and augmented reality. Jobs would also be created in newer technology areas that are presently unknown but are expected to emerge and evolve in the next few years.
The organisation’s president told reporters that there is a visible behavioural change happening in the IT and ITes sectors. India now has about 1,300 captive units, and about 400 new captive units are coming up in 2019. The shift is attributed to a sharp rise in hiring by existing and new global in-house centres (GCCs) due to technology innovation activities in India for their global markets.
Moreover, the industry is witnessing a change in technology also. Today, a robot, with infinite memory analytical capacity, is connected to cloud and can have a huge impact on the productivity of businesses. Around 63% of CEOs think that AI would have a larger impact than the Internet and about 39% of them had already started AI-related initiatives in their organisations.
Open Gov reported earlier that India’s digital transformation has the potential to create significant economic value for consumers, businesses, microenterprises, farmers, the government, workers, and other stakeholders.
Source: Open Gov