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The increase in adoption of artificial intelligence (AI) and other modern technologies has significantly disrupt the Indian job market. In 2024, buzzwords such as AI, machine learning (ML), and cybersecurity dominated the conversation, causing employees to worry about job safety. But as Nr Narayana Murthy, founder of Infosys, wisely pointed out, “humans are the most flexible. They can adapt very well.”
This proverb finds consonants with recent reports named by Nasscom The Future of Work 2024. According to the report, 54% of experts identified Artificial Intelligence (AI) Machine Learning (ML) and Big Data Analytics as the most in-demand job families in India. Cybersecurity has replaced cloud computing and is also emerging as the second most popular job family. Approximately 70% of the current workforce and over 50% of the future workforce (students) feel ready to tackle changing duties.
“Advances in technology, particularly AI and ML, are driving change in the job market and restructuring the skills needed, both through technical expertise and analytical or soft skills.”
HR leaders also emphasize the important importance of learning attitudes and assess them alongside core technical skills as two of the most important attributes for employees. While the focus is on developing expertise in AI/Genai, creativity and communication skills, there remains a significant gap in HR leaders adopting positive learning attitudes that identify as important to the needs of evolving organizations.
To address these gaps, organizations implement continuous learning programs, provide mentoring and coaching opportunities, promote adaptability, and sensual training to develop workforce-related capabilities.
Furthermore, the gig economy is gaining great momentum in India. “Around 35% of each group expressed openness to gig opportunities, a marked increase from 23% of the current workforce and 28% in the future workforce the previous year,” the report revealed. Key skills such as Genai, automation, information and cybersecurity, digital transformation, solution architecture, and data engineering are driving the demand for the role of gigs in the technology sector.
