Demand for new skills is growing.
The new skills requirements are entering the job market. This new skills may cause disruptions and gaps in the job markets. The new skills are tech-enabled, and the economy of small jobs and gig works has emerged. Employers are adopting new technologies for digital transformation. Workers opt for work flexible hours, most often to offer products and services through technology. In a fast-moving economy, everything is now a matter of acquiring new skills or upgrading your skills. Not only freshers, employees who are having 20 or 30 years of experience are also looking for training in new skills.
Changing business landscape:
Due to digital transformation, companies consider that the future professions are in these sectors of new technologies. Example: AI (artificial intelligence) is being popularised and adopted in major industries. We have artificial intelligence-based new skills and jobs, some traditional jobs that are going to disappear. Repetitive jobs that will be replaced by bots that will be able to perform simple tasks quickly. We need to reform, and we need new skills in the workforce.
To build this skilled workforce, young people must move towards these sectors. You can call STEM at the global level, that is, all sciences - Science, Technology, Engineering, Mathematics and then move towards specific skills training in these new technologies. Evolving of science, technology and Industry require regular updating of knowledge. The desire to acquire new skills must be supported by an ecosystem of training providers and freelance trainers through relevant training programs. There are short courses, certifications, diplomas and degrees to meet the specific needs of Industry's digital transformation, not only supports the individuals and industries, but also directly contributing to the country's economic growth.