"Imperative for Securing AI, Blockchain, and Cybersecurity Experts"

 

The technology industry is booming, and with the advent of artificial intelligence (AI), machine learning (ML), blockchain, and increasing cybersecurity threats, the industry is constantly looking for talent. competent in these areas.

The 2023 Top 10 Strategic Technology Trends report recommends that to achieve their business goals, companies should focus on sustainable technology, including digital immune system optimization, applied observability and reliability in AI, risk management and security, industrial cloud expansion, platform engineering. , wireless value realization and pioneering superapps, adaptive AI, and metadata.

 

 The latest data on the most in-demand jobs on LinkedIn shows that "the hunger for artificial intelligence engineers is growing rapidly". Furthermore, he revealed that in the past three months, the demand for Artificial Intelligence Engineer has increased by 109% and predicts the industry will soon become one of the 10 most in-demand jobs on the platform. Similarly, their Emerging Jobs reports mention that cybersecurity positions are in demand globally. The World Economic Forum's Future of Jobs 2023 report predicts that big data analytics, encryption and cybersecurity will be among the top drivers of job growth over the next five years.

 

 In India, the technology industry accounts for 7.5% of GDP and annual revenue is expected to grow by $245 billion in fiscal year 2023. IT services are expected to grow by 8.3%, with factors such as application modernization, migration to the cloud, platforms, and cybersecurity. The industry has added nearly 3,000,000 employees, cementing its status as a “digital talent nation” in the world. India has also emerged as a global leader in AI skills. India currently ranks first in AI skill penetration, AI talent concentration and fifth in AI science publications. The AI ​​market is expected to grow 20.2% over the next 5 years. However, the gap between supply and demand for domestic AI/ML Data Science and Big Data Analytics tech talent  is estimated at 51%. The Future of Work 2023 report highlights that 60% of workers will need training by 2027, but only half of today's workers have access to adequate training opportunities.

 

 Government initiative

The Indian government has taken several measures to strengthen its technology workforce to meet future demand. In 2021, the government launched Future Skills Prime, a joint initiative of the Ministry of Electronics and Information Technology (MeitY) and NASSCOM, to create an ecosystem of upskilling and re-skilling in 10 emerging technologies, such as artificial intelligence, IoT, blockchain and 3D printing. , AR/VR, cybersecurity, cloud computing, and more, to enable IT professionals to continuously improve their skills according to their aspirations and aptitudes. This initiative also builds on the strengths of the Advanced Computer Development Center (C-DAC), the National Institute of Electronics and Information Technology (NIELIT), the National Skills Development Mission of India, National Skills Development Corporation (NSDC), All India Skills Development Council. Technical Education (AICTE) will re-train/skill about 200,000 professionals.  Future Skills Prime offers a one-of-a-kind financial incentive program to develop digital skills; transitional and advanced skills certification courses; a career portal for job, internship and apprenticeship opportunities, and in partnership with the Human Resources Federation of India, an industry supreme body for flexible HR with over 100 members. Through this initiative, the government and industry aim to retrain/upskill about 140,000 employees over a five-year period.

 

 Similarly, the Government of India launched the Digital Skills Program in Emerging and Future Technologies in 2022 to provide students with skills, retraining and upskilling through internships, vocational training, and employment for 1st graders Cr until graduation. The nationwide collaboration was initiated by the Ministry of Education, the Department of Skills and its affiliated NSDC programmes, Skill India (National Coalition for Education in Technology) and AICTE.

 

 The Department of Défense, through Innovation for Defense Excellence, has also created an ecosystem to foster innovation and technology development in defense and aerospace by engaging industry sectors. industry, including MSMEs, startups, individual innovators, R&D institutes and academia. The recent India-9 Defense Startup Challenge, focusing on cybersecurity, awarded grants of up to Cr 1.5 to find solutions to various problems shared by the Indian Ministry of Defense .

 

 Conclusion

 Technology adoption will remain a key driver of business transformation over the next five years. As the government strives to meet the ever-changing IT sector's demand for adequate human resources, companies must implement effective learning and development strategies to secure talent in AI, blockchain and network security. TeamLease Degree Apprenticeship, a public-private partnership of TeamLease Skills University, Skills Department, part of the TeamLease Degree Apprenticeship mission of the Departments of HRD (AICTE), CII and NSDC, strongly advocates that organizations must Meet employee expectations and add value. and establish a clear career development plan to garner employee support for the training goals. Additionally, it recommends long-term strategic workforce planning through analysis, mapping, forecasting, gap assessment, learning needs assessment, target talent identification, and development. learning strategy.