A study conducted by McKinsey Global Institute predicted that 400 to 800 million jobs would be assigned to Artificial Intelligence globally by 2030. This could mean trouble for members of the workforce if they do not upskill themselves based on the current demands.
But on the brighter side, organizations are investing in training and developing their employees to manage digital disruption and control the power drifting away in the hands of automated humans. Read on to learn why we need to upskill the IT sector:
Keep up with technical transformations
In a report published by NASSCOM, around 40% of the Indian workforce needs upskilling. And it’s not because Indians aren’t technically equipped and growing.
On the contrary, technology is ever-evolving. For employees of the IT sector, which is dynamic, you need to keep pace. The fact is that technology is creating artificial intelligence with sensitivity to human emotional needs. This will quickly replace the human workforce, often begging the question as to what humans have to offer that technology cannot. The IT sector needs to begin upskilling employees to get a leg up in this competition with technology.
Meet the demand for advanced skillsets
There is a considerable gap between the need for and supply of a workforce with advanced skills. Another factor that makes it impossible to meet with the demand is a lack of adaptability to change or learn new things. This leads to a limited reservoir of the workforce earning a large chunk of salaries. It also leads to many companies losing out on high-profile projects due to the lack of quality talent.
The Manpower Group survey in 2017 found that companies around the world are challenged while finding a suitable candidate for vacancies as the functional expertise needed is not found in potential candidates. Upskill training will help in bridging the gap and enhancing a company’s performance.
Reduce the cost of new recruitment
IT sector is ever-changing. With the introduction of automation, Big Data analytics and the like, the cost of hiring new employees to meet unique requirements is high. Organizations prefer to train and develop existing employees as the employees already have experience and understand the industry.
With IT professional courses, they will engage in a new concept that will help the company– this also reduces the costs involved in finding a new candidate. Further, clients are used to existing employees, so customer satisfaction will remain stable if the existing employee is upskilled and continues to retain customers.
Increase business opportunities
With the advent of new technologies, big companies are deploying new technologies and automating systems. Earlier, processes that an IT person handled, like developing systems or answering online queries, is today managed by a chatbot. Digital and IT companies that are equipped with new technologies can apply for projects that require complete transformation, but if you lack the technical and human resource to cater to changing demands, then a loss of business is imminent.
IT training can help the existing employees handle new technologies and bring new projects on the table, leading to better performance and competitive advantage for the company.
Put agility over redundancy
The world of business demands agility and rejects redundancy. IT sector is one where growth prospects are limited if one does not adapt to changing trends. When in such a volatile industry, where you can be replaced with a sudden change in technology, the only way to sustain is by upskilling.
A ‘Jack of all trades’ approach will create a diversified portfolio and help you sail through turbulent times. It will also help in matching employer-employee interests. Employers today prefer that employees with an advanced skill set and experience control the machines, maintaining a younger pool of employees in the company.
To conclude, change is the watchword– a person who can foresee future trends and upskill can only become more indispensable. So, ensure personal and organizational growth with consistent upskilling and retain your position in the ever-changing IT industry.
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