Convergence of technology, education and skills can create a future-ready India
Over the past few years, India has made significant progress in its journey towards a knowledge economy by strengthening its educational infrastructure and macroeconomic fundamentals. These efforts have been further aided by a remarkable increase in a youthful force seeking alternative and independent opportunities that offer greater autonomy and flexibility.
As market dynamics and technologies continue to evolve at an accelerated pace, the need for India’s youth to be at the forefront of new skills becomes more relevant than ever. The World Economic Forum estimates that 50% of all existing employees could need some form of retraining by 2025, and that over the next decade more than 2.5 million jobs in India will be vacant , calling for urgent improvement.
Jthe demographic opportunity
Over 65% of the Indian population is of working age, and millions enter the workforce each year. And with education at the heart of national development, investing in learning, human capital and skills will be crucial to harnessing this distinctive demographic dividend in years to come. A fundamental driver of our economic growth and development, a highly skilled and future-ready workforce can provide kinetic energy to India’s economic growth, productive outcomes and sustainable development goals.
As businesses across industries continue to undergo massive digital transformation, catalyzed by aWith the option of automation and the emergence of new technologies, the demand for new and evolving skills will continue to increase. Creating a broad learning ecosystem to continuously train our young people in these new business-critical skills and technologies is paramount. It’s not just about new-age technology skills like AI, robotics, cloud, and data analytics, but also soft skills like innovative thinking, decision-making, empathetic leadership that require in-depth diagnosis and implementation. As the world navigates the ongoing pandemic, emerging each time stronger in the face of challenges, one thing is certain: the growth paradigm of the 21st century will rely on young people and their abilities to leverage the knowledge, skills and technology.
Empowering young India
India’s business landscape and startup ecosystem is experiencing strong growth, and as it continues to develop, mature and become innovation-centric, cultivating a culture of continuous learning while addressing proactively skills development must become a priority for companies.
Technology-driven learning mechanisms are central to this process.
A flourishing knowledge architecture has accelerated pedagogical innovation causing a seismic change in the way we learn – whether at school, university or professional level. IIn today’s digital world, where the nature of work is changing dramatically as we move away from established work structures and into uncharted territory, continuous learning and skills are a powerful tool for transformation. Technology is a great enabler to achieve this, giving learners access, control and personalization in their upskilling and retraining journey.
The path to business transformation is through skills development, and at a time when businesses are looking for ways to close existing skills gaps, we need to empower the workforce to s adapt to a continuous learning approach focusing on the specific skills needed for current and future needs. the roles. Providing them with the right combination of learning, training and relevant work experience will enable India to capitalize on emerging opportunities. Embracing contextual, technology-driven development programs and creating a culture of continuous learning will be key in this regard.
The Fourth Industrial Revolution will disrupt more industries. With technology making its mark in almost every aspect of life, its role in education will take on unprecedented momentum. Reaping the benefits of this disruption hinges on how best to leverage technology education and skills. As we celebrate the International Day of Education, our efforts must be focused on bringing together government, industry and academia to develop a strong learning and skills ecosystem to create an enabling environment to give our young people the means to be ready for the future and to announce India. forward growth story.
The opinions expressed above are those of the author.
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