75% of Indians Express Concern About Technology’s Impact on Jobs, Call for Enhanced Skills

75% of Indians Express Concern About Technology’s Impact on Jobs, Call for Enhanced Skills

Introduction:

In today’s rapidly evolving technological landscape, the fear of job loss due to automation and AI is a significant concern among Indian professionals. A recent study conducted by Emeritus titled Emeritus Global Workplace Skills Study 2023 revealed that 75% of Indian professionals express apprehension about their jobs being replaced by technology. Sectors such as finance, insurance, software, IT, healthcare, and manufacturing are particularly worried about the potential impact of technology on their employment opportunities.

To address this fear and enhance job security, Indian professionals are actively seeking opportunities to upskill themselves. The study found that digital marketing, data analytics, finance, management, and artificial intelligence (AI) are the most sought-after skills in the job market. This aligns with the World Economic Forum’s prediction that 40% of employees worldwide will need to acquire new skills to adapt to the changing technological landscape.

Recognizing the need to stay competitive in the job market, Indian professionals are eager to enhance their technological aptitude. The study revealed that 94% of software and IT professionals, 93% of professionals in technology and innovation, and 86% of professionals in the manufacturing sector are interested in upgrading their tech-related skills.

Furthermore, the study highlighted the importance of higher education in maintaining job adaptability. In industries such as professional services, consulting, software, IT services, and manufacturing, a high percentage of professionals expressed their interest in continuing their education to stay relevant in the rapidly evolving job market.

It is encouraging to see that 83% of the surveyed Indian professionals are willing to invest in recognized learning providers to upgrade their skills. This proactive approach towards upskilling will not only help them navigate the challenges posed by technological disruption but also enable them to achieve their professional goals.

The growing concerns about job replacement and the increasing demand for upskilling have caught the attention of investors. The Chan Zuckerberg Initiative, Leeds Illuminate, Prosus Ventures, Sequoia Capital India, Bertelsmann, Accel, and SoftBank Vision Fund 2 are among the investors supporting organizations like Emeritus in addressing these challenges.

In conclusion, the fear of job loss due to technology is a significant concern among Indian professionals. However, their proactive approach towards upskilling and their eagerness to acquire new skills indicate their determination to stay competitive in the job market. With the right support and investment, Indian professionals can overcome the challenges posed by technological disruption and secure their future employment.

Full Article: 75% of Indians Express Concern About Technology’s Impact on Jobs, Call for Enhanced Skills

Technology fears drive 75% of Indians to upskill themselves for job security

Almost three out of four Indian professionals are concerned that technology could eventually replace their work, according to a research report released on Monday. The survey, titled Emeritus Global Workplace Skills Study 2023, revealed that individuals working in the financial, insurance, software, IT, healthcare, and manufacturing industries are the most worried about technology taking over their jobs.

In-Demand Skills for Professionals

Emeritus’ study found that professionals in India are increasingly interested in upskilling themselves to enhance their job security. The most sought-after subjects among these professionals include digital marketing, data analytics, finance, management, and artificial intelligence (AI).

This aligns with a report from the World Economic Forum, published in 2020, which highlighted that at least 40% of employees worldwide would need new skills in the future due to technological advancements. These employees would be expected to take on distinct roles within their companies. A McKinsey Survey further revealed that 92% of Indians believed they had a skill gap that hindered their employability.

Professionals Embrace Digital Disruption

The Emeritus report emphasizes that professionals across all industries in India are actively seeking to improve their technological proficiency, indicating the widespread impact of digital disruption. Notably, 94% of software and IT professionals and 93% of those in technology and innovation expressed interest in upgrading their skills in tech-related areas. Even professionals in the manufacturing sector (86%) showed a keenness to learn how to use technological tools.

Higher Education for Adaptability

The report reveals that professionals in fields such as professional services and consulting (85%) and software and IT services (77%) are interested in pursuing further education. Additionally, 76% of manufacturing professionals aim to enhance their adaptability to global trends through additional education.

CEO of India and APAC at Emeritus, Mohan Kannegal, commented that while job replacement concerns caused by technology disruptions are rising amongst Indian professionals, it is reassuring to see that 83% of respondents are interested in upgrading their skills through recognized learning providers. This desire for upskilling reflects their commitment to achieving their professional goals.

Investors supporting Emeritus include the Chan Zuckerberg Initiative, Leeds Illuminate, Prosus Ventures, Sequoia Capital India, Bertelsmann, Accel, and SoftBank Vision Fund 2.

Source: Analytics Insight

Summary: 75% of Indians Express Concern About Technology’s Impact on Jobs, Call for Enhanced Skills

According to a recent study, 75% of Indian professionals are concerned about the possibility of technology replacing their job roles. This fear is particularly prevalent among professionals in industries such as finance, insurance, software, IT, healthcare, and manufacturing. As a result, there is a growing demand for upskilling in areas such as digital marketing, data analytics, finance, management, and artificial intelligence. The World Economic Forum has estimated that 40% of employees worldwide will need to acquire new skills due to technological advancements. The report also highlights the interest of professionals from various industries in upgrading their tech-related skills. Additionally, the study reveals that higher education is a priority for professionals in sectors such as professional services, software and IT, and manufacturing. Despite their concerns, a significant number of Indian professionals are actively seeking recognized learning providers to improve their skills and maintain job security.

Frequently Asked Questions:

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