Impact of AI on the future of work, skills and mobility
Artificial Intelligence (AI) has emerged as the catalyst propelling us into an era where opportunities, challenges, and possibilities abound. The World Economic Forum estimates that by 2025, 85 million jobs will be automated, but 97 million new jobs will be created due to the growth of AI and other technologies. India, in 2023 is on the verge of accelerating the adoption of AI across industries, education and public services.
The Indian government's proactive initiatives, such as the AI Task Force and the insightful discussion paper by NITI Aayog on the 'National Strategy for AI,' reflect a resolute commitment to leverage AI for the economic transformation of the nation.
An Opportunity for Widespread Digital Transformation
With a relative AI skill penetration three times the global average, India is positioned as a leader in the rapidly evolving field. India boasts a robust demand for AI skills, with a staggering 213,000 talent gap projected by 2022. The country is home to 416,000 AI and data science professionals, with a 60% to 73% demand-supply gap in key roles such as ML engineer, data scientist, DevOps engineer, and data architect.
Recognizing the pivotal role that AI can play in its growth trajectory, the Indian government, academia, and industry have embarked on a journey of substantial investment in nurturing AI capabilities and skills.
Embracing Continuous Innovation to Nurture Aspirations
In diverse sectors like healthcare, finance, and environmental conservation, collaborative endeavors powered by AI have yielded practical and innovative solutions, showcasing the potential of harnessing artificial intelligence for societal betterment.
Equipping the youth with AI skills is a crucial investment in the future. Government initiatives, educational institutions, private sector initiatives, and non-profit organizations play pivotal roles in making AI education accessible.
Bridge the gap between talent availability and job security to foster a digitally awakened India
With over a decade of consistently measuring worldwide talent, Wheebox remains at the forefront of understanding rapidly changing job patterns, competencies, and the overall employability landscape.
Our partnerships with top businesses, renowned educational institutions, and organizations spanning diverse industries underscore our commitment to developing strategies for talent acquisition, retention, and upskilling through cutting-edge standardized assessments. With over 10 million active users worldwide, Wheebox continues to assess global talent, administering a total of 15 million examinations last year, with 13.5 million being proctored tests. Our collaborations with Fortune 500 corporations and businesses of all sizes enable us to execute skill development projects and implement best practices across various industries.
Our standardized assessments for key skill areas across industrial verticals provide a comprehensive understanding of current trends and evolving industry requirements. Partnerships with entities such as the AICTE, MSDE, Confederation of Indian Industry, Association of Indian Universities, Taggd, Google, and others contribute to the creation of insightful reports aimed at building future employment skills and competencies.
Conclusion:
As we stand on the precipice of this transformation, we are reminded that our choices today will shape the India of tomorrow. The possibilities are boundless, and together, we shall seize them, shaping a future where AI and human potential harmonize to build a more prosperous and inclusive India.
