Technology Will Create New Avenues In The Post- pandemic World
Technology will be the key driver going forward and AI and ML owing to their transformational reach will create new job roles.
The world was already becoming Digital when COVID-19 came along and further accelerated the adoption of digital technologies. In just a few months, the pandemic has brought about years of change in the way companies across sectors and regions do business. According to a new McKinsey Global Survey of executives, senior executives feel that their companies have accelerated the digitization of their customer and supply-chain interactions and internal operations by three to four years. The share of digitally enabled product in their portfolio has also increased by seven years, according to the survey.
The year 2020 will probably go down in the history as a watershed year that has changed the way we live and work. Owing to the challenges the year presented us with, the world is becoming digital faster than it was pre-COVID and therefore having an orientation or a foundation which is digital is imperative for any professional today. No matter what the job role, every professional needs to be well versed with digital methods and tools. Whether you are a banker or a doctor working in a digital environment using digital practices has become important. And therefore, it's no surprise that there's a huge demand for subjects which have digital content, starting of course with computer science to newer technologies like AI, ML and IoT.
COVID-19 has accelerated our efforts in technological innovations. Emerging technologies such as artificial intelligence (AI) have compelled us to re-imagine our businesses and make them more agile, flexible and responsive. According to the report from NASSCOM, Data and Artificial Intelligence (AI) could potentially add $450-500 billion to India’s gross domestic product (GDP) by 2025 and drive India’s economic growth.
The use of AI/ML (Machine learning) is increasingly intertwined with IoT. They are both interdependent in nature and benefit flows both ways, given that AI and ML require larger volumes of data to operate successfully. The growing demand for IoT isn’t just restricted to healthcare and medical industries, touchless and contactless devices have become an imperative for any business today.
In earlier times, new technologies and avenues like Artificial Intelligence (AI), Machine learning (ML) were often portrayed as robots. Machines that exhibited human-like characteristics (learning and decision making) with an artificial brain. Currently, AI encompasses anything and everything. Be it vehicles, entertainment, corporations, smart homes, google search algorithms, education, law, or medical services, AI has transformed all the sectors for the better. With shopping interface becoming much simpler, smartphones to navigate unknown paths, its expanse has become much wider.
2020 has been challenging no doubt, but the year has also presented us with opportunities, especially in emerging technologies. A lot is happening on many fronts, and some industries have seen a complete shift in their priorities and approach to work and it is not hard to see why artificial intelligence has been mainstay, and has rapidly replaced or changed certain job roles. COVID has pushed the human race to think beyond textbook ideas of career paths, it has led us to believe in constant need for innovation and to think outside of the box. Technology will be the key driver going forward and AI and ML owing to their transformational reach will create new job roles. Specialists with the right skill sets could find themselves with job opportunities across a wide range of industries.
Additionally, the importance of security in virtual domain will create a huge demand for cybersecurity professionals. As the world moves online, more and more emphasis on cybersecurity professionals to ensure safe-guarding of critical information on the internet will also rise. Cyberattacks are dangers to anyone using the web. With COVID disrupting our world, many businesses be in the auto sector or the corporate sector have moved their supply chains online. The need for enhanced security monitoring strategies to prepare for the future of work is now more important than ever. Every year, businesses face hack crimes that take up hundreds of dollars to subdue. Cybersecurity is not a privilege anymore; it is on the cusp of becoming as important as Life Insurance.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house
Around The World