AI & Information Technology
5 years from now, 54 million Indians will work on jobs unheard of today.
Forecast: AI will create 2.3 million new jobs in IT/ITeS sector by 2020.
Estimate: 1/3rd of the existing jobs will be automated in next 3 years.
Artificial Intelligence is changing Information Technology sector. It has taken over traditional methods of computing and also changed the way the industry performs. It has a positive impact on how the IT sector works. Enormous Data Mining is already underway. This will be the leading expertise in the IT space of future. Drivers of AI in IT / ITES sector are:
Disruptive Technologies like AI are opening abundance of new opportunities in the $167 BI IT/ITES industry that employs 4 million professionals. Reskilling and Upskilling of 50% of the IT/ITES workforce has become indispensable. The industry is likely to grow at 10% this year and will have to serve across: AI, IoT, Augmented Reality, ML, Robotics Automation and 3D printing. IT / ITES sector is one of the 12 champion sectors for Artificial Intelligence is being given prime importance.
“The demand and supply gap for AI and related skills is quite significant. The industry will face shortage of 230,000 skilled techie jobs in AI and 780,000 jobs in Big Data by 2021”, According to NASSCOM, IT-ITeS Skills sector council chief executive Amit Agarwal.
He further adds the reskilling of the current IT workforce for new emerging jobs is of prime importance today.