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9:03 am - Tuesday January 23, 2018

IIIT-Hyderabad unveils report on demand for Expertise in Disruptive Technologies

Agencies, Hyderabad

IIIT-Hyderabad in association with TalentSprint unveiled a report on Demand for Expertise in Disruptive Technologies among Technology Professionals, here on Thursday.

The report showcased the trends among working professionals in Hyderabad on how they are gearing up to acquire expertise in the latest AI/ML(Artificial Intelligenence/ Machine Learning) technologies.

An analysis of applicant data reveals four key insights — professionals with more than 5 years in the industry are keen to upgrade themselves; there is a rising demand for AIL/ML programs from professionals working in the IT services sector; start-ups and small companies are embracing disruptive technologies rapidly and women professionals and young professionals with less than 5 years of experience are not sufficiently aware of the need to acquire new expertise.

The report said that women and young professionals are still not adequately aware of the acute need to acquire expertise in disruptive technologies.

Nearly 33 per cent applicants have over 10 years of work experience and suggested there is now an urgency among senior professionals to acquire expertise in emerging technologies, the report said.

73 per cent applicants are from IT services companies and most of the applicants are from start-ups and small companies, the report revealed.A recent NASSCOM report mentioned that many jobs which are available today may cease to exist in the next five years. Therefore, there is an immediate need to acquire new expertise in disruptive technologies.

Speaking on the occasion, IIIT-Hyderabad Director Dr P J Narayanan said “The IT industry is perhaps seeing an unprecedented churn which was not anticipated earlier.
As the industry faces renewed challenges, we need to create an ecosystem to promote and propagate new disruptive technologies such as AI/ML which are set to take center stage within the next 5 years,he added.

TalentSpring CEO and Manaing Director Dr.Santanu Paul, said, “Analysis of the data validates facts that were known for a while. Today, mid-level professionals are at an important crossroad and vulnerable in the face of automation.

They (professinals) have understood that only new expertise will add new value to their careers. What is also important is that we encourage more women as well as young professionals to achieve mastery in AI/ML, he informed. IIIT-Hyderabad’s Foundations of AI and ML is being offered in association with TalentSprint. The first cohort of 400 professionals will commence their program on January 6, 2018.

Posted in: Business

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