The Future of Jobs Report 2023*, released by World Economic Forum suggested that 23% jobs are expected to change in the next five years. According to the estimates of the 803 companies surveyed in India for the report, employers anticipate 69 million new jobs to be created over the next 5 years.
61% of Indian companies agree that adoption of new technologies (59%) and broadening digital access (55%) will drive job growth.
The fastest growing roles are being driven by technology and digitalisation. The employment of data analysts and data scientists, big data specialists, AI machine learning specialists and cybersecurity professionals is expected to grow on an average by 30% by 2027.
Artificial intelligence is expected to be adopted by nearly 75% of surveyed companies and is expected to lead to high churn – with 50% of organizations expecting it to create job growth.
* Findings from the “Future of Jobs Report 2023” released by World Economic Forum, 1st May 2023.
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