India’s vast IT workforce, which has powered the nation’s growth in the IT services sector, is in danger of becoming obsolete unless the government supports a massive reskilling program in the upcoming budget, the National Association of Software and Services Companies (NASSCOM) said.
The industry body said that such reskilling is desperately needed if “India has to stay relevant in the sector,” noting that there is a huge demand-supply gap currently is segments such as Artificial Intelligence (AI) and Big Data Analytics for roles like Machine Learning engineers as well as data scientists.
The talent demand-supply gap in AI and Big Data Analytics is expected to grow from 62,000 to 140,000 over the next 3 years according to a report by the World Economic Forum. “Thus the need for reskilling is top priority.”
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India’s IT industry has laid off thousands of people in the last 2-3 years as automation and digitisation disrupted jobs. About 20-35% of the jobs in the IT-BPM sector are threatened due to automation, according to a Nasscom-FICCI-EY Future of Jobs in India study.
Source: livemint
