Indian Companies Lead In AI, World Economic Forum Report

In the last few years, companies in the country have made considerable progress in the use of technology. The World Economic Forum (WEF) has said in a report that Indian companies are progressing rapidly at the international level in the use of important technologies. These technologies include Artificial Intelligence (AI) and robotics.

Future of Jobs Report It has been said that increasing digital access, tensions between some countries and efforts to deal with climate change will be the major trends shaping the future of jobs in the country by 2030. Companies in India are investing a lot in AI, robotics and autonomous systems. Because of this, jobs for Big Data specialists, AI and Machine Learning specialists are increasing in the country. WEF reports that 67 percent of companies plan to use diverse talent pools to meet talent needs. Along with this, about 30 percent of the companies are considering doing skill-based hiring by removing the requirement of degree.

This report predicts that about 22 percent jobs will be affected by 2030. With this, about 17 crore new jobs will be created. The job market is changing due to the increasing demand for AI-related skills. A large number of AI related hiring is being done in India and America. Microsoft, one of the big technology companies, plans to invest three billion dollars in the next two years in cloud, artificial intelligence (AI) and skilling in India. The company also plans to build new data centers. In the next five years, Microsoft will train about one crore people in AI skills.

Earlier this week, the company’s Chief Executive Officer, Satya Nadella, said at the Microsoft AI Tour in Bengaluru, “I am really excited to announce our largest expansion in India. We are investing $3 billion to increase Azure capacity. Putting in.” Microsoft has Azure regions in multiple locations in India. Nadella had told that the company has also created capacity with Reliance Jio. Microsoft plans to train about one crore people in AI related skills in the next five years.