The rise of cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML) has evoked a mix of enthusiasm and anxiety among working professionals and job seekers in India. This wave of technology brings both opportunities and challenges, making it urgent for professionals to re-evaluate and enhance their skill sets. An astonishing 82% of professionals are concerned that their job role will become redundant or obsolete in the next five years. This is due to the adoption of these innovative technologies.
To shed light on these evolving dynamics, Hero Vired, a prominent company in this field, has released a comprehensive report titled: “The Future of Skills 2024” This report reveals surprising insights into the dynamic skill sets that will shape India's future job market and provides a roadmap for professionals looking to effectively navigate the ever-evolving terrain.
Survey data paints a compelling picture of an agile and rapidly evolving employment ecosystem. Almost half of the respondents, or his 48.65%, described their industry as “dynamic” and 39.19% rated it as “very dynamic”. This collective sentiment underscores the unanimous recognition of a rapidly evolving employment ecosystem. Nearly all respondents, representing a variety of sectors, recognized and affirmed that their industry is progressing rapidly.
The Rise of AI: Tomorrow’s Skills
A whopping 90.12% of survey respondents said AI is the most in-demand skill in the next five years.. Of this majority, 80% envision AI-related jobs offering the highest salaries during this time. This reflects a collective recognition of the significant demand and profitability potential in technology-related sectors.
- Following AI, cybersecurity (52.91%) and data analysis (63.37%) have emerged as key skills expected to be in high demand for professionals.
- Machine learning (48.84%) and coding (40.70%) have been identified as the most in-demand emerging technology skills over the next five years, with web and application development (30.23%) and augmented reality (28.49%) also featured It shows the relevance it should have.
- When it comes to specialized technical skills, AI engineering (68.02%), data science (45.35%), and cyber security engineering (43.60%) are predicted to be the most popular over the next five years.
- The study highlights non-tech skills that are expected to be in demand beyond the world of technology. Digital marketing manager (48.26%), green jobs (39.53%) and mental health coach (38.37%) stand out as essential non-tech skills in the coming years.
The above insights highlight changing trends in demand across both technology and non-technology areas, including areas such as AI-centric roles, data-driven professions, digital marketing, sustainability, and mental health. emphasizes the increasing importance of There is.
Upskilling as a strategic imperative
Working professionals increasingly recognize that upskilling is essential to foster growth in India's rapidly evolving technology sector and protect current employment opportunities.
A significant 77.8% of respondents are ready to adopt upskilling as a proactive strategy.This supports widespread belief in the transformative power of AI upskilling to improve employability.
Almost half of the professionals (47.52%) believe that upskilling is not only beneficial but also essential, and they envisage various benefits. These benefits include the potential for a 2x salary increase, increased professional visibility, a smooth transition to a new role, and an accelerated professional growth trajectory. This comprehensive perspective highlights the diverse and holistic benefits that professionals can gain from learning new skills.
Beyond the broad consensus on the need for upskilling, individual opinions further emphasize that continued skill development positively impacts various aspects of a career. 19.86% say they are particularly focused on faster professional growth, recognizing the correlation between continuous skill development and career advancement. Additionally, 10.64% prioritize standing out in a competitive professional environment, highlighting the role of distinct skills in differentiating individuals. Additionally, 9.93% highlighted the potential for better employment opportunities through continuous skill development, with a common recognition of the multifaceted benefits of staying current with evolving skill sets. is shown.
Interestingly, a significant 75.6% of female respondents asserted that upskilling plays a vital role in facilitating their return to work after a career break.
Despite the optimism surrounding the potential benefits of upskilling, survey respondents did not overlook the challenges associated with pursuing such educational avenues. Remarkably, the majority of respondents pinpointed her two major barriers. Perceived lack of time and reservations about the effectiveness of upskilling programs.
But these challenges do not diminish our overall faith in the transformative power of upskilling. 82.71% of respondents strongly believe that acquiring Artificial Intelligence (AI) skills will open the door to more job opportunities.
The survey sample provides a comprehensive snapshot of the workforce, with the majority, 81.04%, working as professionals and 7.44% actively seeking job opportunities. This diverse representation spans a variety of industries and roles, giving us a nuanced understanding of current sentiment and aspirations within our profession.
The emergence of artificial intelligence (AI) and automation is reshaping the very structure of India's workforce, bringing both unprecedented opportunities and challenges. Concerns about job losses are valid, but the focus should shift to embracing upskilling as a means of not only mitigating risks but also creating new opportunities.
of “The Future of Skill Landscape 2024” This report provides a clear picture of the changing landscape and the skills required. Now is the time for employees and organizations to adapt, learn, and grow in this dynamic new technology space.
