AI predicted to create 12 million jobs by 2025, defying fears of unemployment – Education News

AI and ML Jobs

It is believed that the integration of artificial intelligence and automation will result in mass unemployment. Contrary to this belief, the Future of Jobs report published by the World Economic Forum (with TCS as a strategic partner) predicts that by 2025, AI will create 12 million more jobs than will be lost. In fact, the only people who will lose their jobs are those who have failed to adopt new skills and adapt to the ever-changing demands of the job market. From computers and software to the internet and now AI, these advancements have consistently created more employment opportunities, Sumit Kumar, Chief Strategy Officer, TeamLease Degree Apprenticeship, told FE Education. “Industries within the manufacturing sector, such as supply chain, quality control, market predictability, customer service and sales, are expected to benefit the most from job growth due to AI,” he said.

According to the Future of Skills Landscape 2024 report, amid technological advancements, 82% of employed workers are concerned that their roles may become obsolete. The report highlighted the growing anxiety among Indian workers over the looming threat of job loss due to technological advancements and stressed the need for continuous reskilling. “Continuous reskilling and upskilling are essential to prepare the current workforce. It is essential to continuously invest in these practices, both for livelihoods and employment. While organizations need to focus on talent development, individuals have the responsibility to continuously upgrade their own skill sets to remain employable,” Kumar said.

In addition, NASSCOM has introduced a program aligned to job and skill competencies, Successful implementation of future programs will require cross-industry collaboration The government, through Skill India, The mission of the NSDC initiative AI is to promote digital literacy to address skill creation in AI and related technologies, he said while replying to a question on how industry, academia and government agencies are working together to ensure that AI has a positive impact on job creation.

As of August 2023, the number of AI professionals in India stands at 416,000, ready to cater to the growing demand which is projected to reach one million by 2026. India faces a significant demand-supply gap of 60-73% for key positions such as machine learning (ML) engineers, data scientists, DevOps engineers, and data architects, according to the India Skills Report 2024. “These job opportunities include a range of roles across both technical and non-technical domains across various functions and areas, including sectors such as healthcare, retail, BFSI, and logistics.” “There will be a mix of entry-level and advanced AI jobs in supply chain management and manufacturing, which will have a direct and indirect impact on the industry,” Kumar explained.

First Release Date: January 15, 2024, 8:00 AM

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *