TECHNOLOGICAL TRANSFORMATION: THE EMERGING TRENDS IN EMPLOYABILITY SKILLS AMONG ENGINEERING GRADUATES-AN EMPIRICAL ANALYSIS

Abstract

We are living in a fast-paced competitive world where new technologies are being introduced almost every day, trends are evolving, manual jobs are becoming obsolete, and new tech jobs are on the rise. Technology has eased its way into our lives, it has given rise to uncertainty. The rapid changes in the technologies have also transformed the need for in-demand skills in the industries. In addition, newer domains are emerging in the market and this is fuelling the demand for talent with the required skills that are capable of driving the organizational growth. Organizations and educational institutes need to cater to the requirements of the industry for upcoming generations and lay foundations for devising solutions that support rapid skill development. Industry 4.0 was in the recent past in 2011, its focus was on digitalization and included automation, artificial intelligence (AI) technologies, connected devices, data analytics, cyber-physical systems, digital transformation, and more., India needs to invest in constant upskilling of human resources and stay agile. Industry 5.0, seems to have already set in, 2020. The focus is personalization and humanization, emphasizing collaboration between humans and machines to create sustainable products and services and to deliver value-added tasks to customers. Hence, it is essential for us to keep learning and constantly upskill ourselves. The importance of upskilling for leaders by stating, “When a person stops learning, they start falling behind.” Therefore, we must learn new skills in such uncertain times to adapt to rising jobs in the era of industrial transformation. Over the past few years, the world is experiencing rapid changes in every sector. New employment avenues have opened and due to this, the demand for tech-savvy new-age skills has also grown. Keeping this in view this article is focus on to study the emerging trends in reskilling, upskilling and capacity building programmes.