Blog_Banner_Asset
    Homebreadcumb forward arrow iconBlogbreadcumb forward arrow iconGeneralbreadcumb forward arrow iconThe Need for Upskilling in the Fast-changing World

The Need for Upskilling in the Fast-changing World

Last updated:
2nd Jul, 2018
Views
Read Time
5 Mins
share image icon
In this article
Chevron in toc
View All
The Need for Upskilling in the Fast-changing World

Today, people around the world are quick to complain about the fact that technologies such as Artificial Intelligence and Machine Learning are a threat to jobs. But can we really deny the truth that innovative software, machines, and robots powered by AI and ML technologies are enhancing businesses and creating scope for endless possibilities?
Although we may refuse to acknowledge it, the harsh truth of the modern age is that emerging technologies are fast replacing routine jobs, eliminating the dependency on manual labour. So, how does one maintain his/her relevancy in this digitally progressive world? The answer – continuous upskilling. Organizations today are constantly looking for talent, whether it is from humans or technology – the ultimate aim is to get the job done.
However, the sad thing is that even today, many organizations do not believe in upskilling. In a Deloitte survey of 1200 organizations, nearly 74% of organizations stated that they choose traditional learning methods than encouraging employees to acquire new skills at their workplace. Richard Rayne, Chief Executive of iLearn, said:
“These figures are of concern. In a country like ours where there are critical skills gaps in several key sectors, workplace learning is necessary. Organisations need to start realizing that great value lies in empowering and upskilling employees through learnerships. It’s the perfect way to develop employees and to ensure they are equipped to do the work employers need them to do.”
Vocational training and educational programs should be a part of every organization as these programs offer excellent opportunities for upskilling. Employees not only get a chance to learn new things, but they also get acquainted with innovative ways to carry out organizational processes more efficiently.   
7 Jobs That Didn’t Exist But Are Hot Right Now

According to an Oxford study (2013), in the next 10-20 years, around 47% of jobs in the US will be replaced by automation. Also, a PwC report maintains that 44% of job positions in Australia will be computerised within the next 20 years. Although these statistics apparently show that jobs are disappearing, they are merely  ‘transforming’ rather than disappearing altogether. Since the digital revolution and digital disruption of industries have already begun, the wise thing would be to train individuals in the nitty-gritty of technologies such as AI, ML, Deep Learning and so on.

By upskilling your knowledge and talent base, you can ‘create’ demand for yourself in the industry. As you adapt to the wave of change that technology is bringing today, you become an indispensable part of an organization. For instance, data is the goldmine now. Every organization around the world is leveraging Big Data to uncover meaningful insights that can add value to the business. Thus, the demand for trained professionals who can juggle with massive data sets, analyze it, and visualize valuable trends and patterns within the enormous data pool is exponentially increasing. Data scientists, data analysts, statisticians, ML engineers, are a few job avenues opened by data.
Need for Upskilling
Infographic: What After IT? Top 5 Transitions You Can Make

If you wish to stay relevant in this fast-changing world, you know that upskilling is the only way to go. Be curious. Be willing to learn new things and skills. Change is inevitable and to survive in the tech jungle you need to adapt and upskill continuously!

 

Ads of upGrad blog
Profile

Aditya Sharma

Blog Author
Aditya is social media manager at UpGrad. He learnt and re-learnt writing, designing, communication, creative direction and social media management in last 5 years. He loves everything that includes words like Design, Communication, HCI, UI, UX, Creativity, Social Media, Customer delight, etc.
Get Free Consultation

Select Coursecaret down icon
Selectcaret down icon
By clicking 'Submit' you Agree to  
UpGrad's Terms & Conditions

Our Popular MBA Course

Frequently Asked Questions (FAQs)

1What is upskilling?

If we Google-search the meaning of upskills, it means to teach or learn additional skills. In the current world, where new innovations are made each day, it is obvious that the requirements and roles of different jobs change. Even if a professional feels like his/her career has stagnated, he/she might feel like shifting to a new field. Upskilling, in professional terms, means learning new skills to fulfil the requirements of a job or to shift into a new career. Upskilling is mostly done by learning new-age technologies such as Digital Marketing, Machine Learning, Big Data, Data Science, Cloud Computing, etc.

2Why is Data being called a goldmine?

We know that gold, in its purest form, produced from a goldmine, has a lower value. Its worth rises when it is fashioned into coins, jewellery, and other items. Similarly, data in its raw form has little value until we put it to good use in order to generate useful outcomes. As a result, Data might be considered a goldmine. The commodity that enables professionals and businesses the ability to create organic development is the data gained from this unique resource. While collecting data in the manner in which our forebears mined for gold is vital, the true effect comes from analysing the Data you acquire and save in your vault.

3What is the difference between Big Data and Data Science?

Big Data refers to massive, big, or extensive data, information, or pertinent statistics gathered by major businesses and endeavours. Because it is difficult to calculate enormous amounts of data manually, software and data storages have been developed to do the calculations. It is used to spot patterns and trends in human behaviour and interface technology, as well as make judgments. Data Science is a subject or domain that entails working with large amounts of data and using that data to create predictive, prescriptive, and prescriptive analytical models. It is all about digging, model building, analysing, and putting the data to good use. It is a point when data and computers collide. Computer Science, Business, and Statistics are all combined in this subject.

Explore Free Courses

Suggested Blogs

Top 7 Jobs in Demand in 2024 [And How to Prepare Yourself?]
899523
Thanks to demographic changes and technological advancements, the job landscape has shifted considerably across the globe. In the coming years, new jo
Read More

by upGrad

05 Mar 2024

Top 10 Highest Paying IT Certifications in India in 2024 [Astonishing]
78699
Summary: In this article, you will learn about the top 10 highest-paying IT certifications in India. Take a glimpse below. Business Intelligence (B
Read More

by Rahul Karthikeyan

05 Mar 2024

Salary for M.Sc IT Graduates: Highest Paying Job Roles for M.Sc IT [2023]
900733
Are you an MSc IT student wondering what career you should pursue? Then you’ve come to the right place. This article will help you figure out yo
Read More

by Sriram

04 Mar 2024

Career Options in Commerce With Maths: 6 Top Courses To Select in 2024
68988
Are you commerce with maths student wondering what career you should choose? Then you’ve come to the right place. This article will discuss the
Read More

by Sriram

04 Mar 2024

15 Most Popular Sales Interview Questions & Answers [For Freshers 2024]
104248
Most sales interviews start with a question about you and end with one about the company. While it is not possible to predict every question in a sale
Read More

by Kamal Jacob

04 Mar 2024

Top 15 Highest Paying Jobs in Computer Science in India [2024]
924438
Computer Science is a fast-evolving domain that is now an integral part of our modern world. In fact, Computer Science and computing/software technolo
Read More

by Rohan Vats

04 Mar 2024

Tower of Hanoi Algorithm Using Recursion: Definition, Use-cases, Advantages
5074
Are you searching for the Tower of Hanoi problem’s solution in simpler way on the whole internet? Well, you came to the right place. In this blo
Read More

by venkatesh Rajanala

04 Mar 2024

Top 50 Linux Interview Questions & Answers for Freshers & Experienced
5053
Linux Interview Questions & Answers for Freshers & Experienced Basic Linux Interview Questions for Freshers {25 Question}  What is Linux? D
Read More

by Harish K

03 Mar 2024

Strassen’s Matrix Multiplication Algorithm Explained
5164
Imagine multiplying large matrices together by hand—it’s tedious and time-consuming, right? Well, that’s where Strassen’s Matrix Mul
Read More

by Harish K

01 Mar 2024

Schedule 1:1 free counsellingTalk to Career Expert
icon
footer sticky close icon