During the lockdowns and pandemic-induced chaos, technology has proven to be a lifesaver, allowing numerous firms to stay afloat.
It has also facilitated the organisation to transition to mass remote and hybrid working via digital communication channels. Given the tsunamis of technical change that emerging technologies like AI and machine learning are ushering in, an AI-driven experience economy needs rapid adaptability to new opportunities.
However, this will present enormous challenges for businesses due to a scarcity of the necessary expertise.
As a result, today, employers are constantly on the lookout for applicants who are technically prepared for the current job role and motivated to upskill to join the future-ready workforce.
According to a recent report by PwC and the World Economic Forum, effective upskilling initiatives have the potential to help create 5.3 million net new jobs globally by 2030.
Above all, to stay ahead of the curve and keep up with the fast-changing, tech-savvy world, it's essential for professionals to continually upskill in order to boost skill sets and job security in such a skill-driven and competitive employment landscape.
The corporate world is fast-paced, and hiring practices have radically changed in recent years. Furthermore, data is becoming essential and has the ability to unlock businesses' enormous potential, and it is the next big thing in practically every industry.
Above all, with digital transformation gaining traction, the demand for data analysts and AI/ML experts has never been higher. To keep up with the changing needs of the future, young people, in particular, acknowledge the need to upskill and become more relevant to the corporate sector.
Understanding this, young professionals expressed a strong desire to learn more about data science, data analytics, artificial intelligence, machine learning, and other related fields. Besides this, organizations have realised that skills are far more important than a degree in today's society.
This created a surge in demand for professionals with in-demand skill sets, such as Data Science, Machine Learning, AI, FinTech, Investment Banking, Supply Chain Management, and more.
Upskilling oneself is perhaps one of the sure-fire ways to avoid redundancy and ensure a successful career in today's world. To reskill and upskill themselves, professionals and aspirants from various fields have turned to professional education platforms offering certificate courses that not only offer insights into the latest industry trends but also enable them to apply the concepts learned in real life.
The way ahead in 2022
With ongoing technological advancement, organisations will increasingly focus on upskilling their workers to compete in this competitive world and develop future-ready people.
As a result, in 2022, upskilling will almost certainly increase. Above all, besides these technological competencies, individuals who want to start or enhance their jobs should focus on power skills, too.
According to the World Economic Forum's 2022 Talents Outlook, skills such as analytical and critical thinking, complex problem solving, leadership, and social impact will be in high demand in the future.
(This is a slightly modified version of an article originally published in India Today. The original article can be found at https://www.indiatoday.in/education-today/featurephilia/story/how-the-convergence-of-technology-education-and-skilling-can-create-a-future-ready-india-1921923-2022-03-08