As new technologies like generative AI and machine learning (ML) become mainstream, many IT professionals are looking to upskill to stay ahead of the curve and stay employed.
In a rapidly changing technological landscape where artificial intelligence (AI) is becoming a job risk, Indian technologists are empowering themselves, even as macroeconomic factors threaten to hamper the growth of the IT sector. In the rush to skill up, “renew your skills or die” seems to be the top priority. in the short term.
IBM said earlier this week that it could suspend hiring and replace an estimated 7,800 jobs with AI.
Learning platforms such as Simplilearn, Great Learning, Emeritus, Scaler, upGrad, and Coursera claim a 20% to 60% increase in IT professionals looking to upskill/reskill in the past three to six months.
Industry insiders say it’s for multiple reasons, including professionals trying to protect themselves from potential layoffs in a volatile market, and acquiring future-focused skills to better take advantage of opportunities. I believe there is growing interest.
Kashyap Dalal, co-founder of learning platform Simplilearn, said: “This creates an even greater urgency to take action and the need to upskill for future career growth.”
Over the last 3-6 months, Simplilearn has seen a 50-60% year-over-year increase in enrollment.
According to the World Economic Forum’s Future of Work report, 69 million new jobs will be created by 2027, while 83 million jobs will be lost and 14 million jobs will be a net loss.
As new technologies like generative AI and machine learning (ML) become mainstream, many IT professionals are looking to upskill to stay ahead of the curve and stay employed.
Skills such as data analytics and data science, AI and machine learning, software engineering, generative AI, cloud, cybersecurity, full-stack development, product management, and blockchain are the most in-demand, according to edtech companies.
Hari Krishnan, co-founder of Great Learning, has seen an overall 30% increase in demand for programs from IT domain professionals in the past three months, with cutting-edge skills being the most sought-after .
“Technology is constantly evolving and professionals need to keep abreast of the latest developments to remain relevant and competitive,” he said. “According to our report, 85% of Indians believe upskilling is necessary to future-proof their career, and even those with job security see the value of upskilling. recognizing.”
Mayank Kumar, co-founder of upGrad, said the economic uncertainty caused by the pandemic has left many IT professionals concerned about job security and not wanting to fall into the “layoff” bucket. increase.
“Our long-term Data Science and AI/ML program, along with our Agile certification, has seen an increase in enrollment over the past three to six months,” he said. “These programs help professionals acquire new market-ready skills and competencies to demonstrate their value to employers and increase their chances of skipping career redundancies during such challenging times. It’s designed to help.”
Scaler co-founder Abhimanyu Saxena said: People invest time and resources in upskilling. ”
Data science and software engineering are among the most popular fields among IT professionals.
Mohan Kannegal, CEO of Emeritus India and APAC (Consumer), says there has been a noticeable shift in what techs look for in a course. “They are asking specific questions, such as how to create a custom ChatGPT version. We are adding content related to that, such as ChatGPT modules, APIs,” he added.
Coursera has a strong interest in soft skills such as deep learning, machine learning, data science, data management and management training, said Raghav Gupta, Learning Platform’s managing director for India and APAC. increase.
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