Narayana Murthys formula for job creation is simple: Train youth on new technologies

Infosys co-founder Narayana Murthy has shared a mantra for job creation in the IT sector. Murthy advices that companies should focus on training fresh graduates on new technologies. 

Several of the emerging technologies like blockchain, machine learning, Internet of Things (IoT), and artificial intelligence (AI) are being used by businesses to innovate and disrupt markets and improve customer experiences. 

The need for training centers 

According to Murthy, young India needs to be prepared for the challenges of tomorrow brought about by the rapid advancement in emerging technologies. Murthy believes that Infosys is taking a proactive approach in training the youth for future jobs. IT services firms in India have started generating international business from emerging technologies like AI, Machine Learning, and IoT and therefore their focus will need to change. 

Infosys’s Mysore training center has a capacity to train 14,000 people each day. Leading IT firms including HCL, Wipro, and TCS are also creating similar centers to train techies on new-age skills. As companies move towards digitisation, large number of opportunities are getting created in the digital technology space. 

Effects of automation 

Narayana Murthy doesn’t believe that automation will take away jobs. Murthy has said that when banks introduced computers in UK in the early 80s many believed that computers will take away jobs. That didn’t happen and on the contrary people got jobs because of computerization. Murthy said that if automation is done intelligently, it can be used as an assistive tool. 

This observation by Narayana Murthy is in line with what was observed in this TechGig news story on Artificial Intelligence where a Gartner report was cited that mentioned AI will end up being a positive net job creator. 

Smartphone adoption 

India’s IT and Electronics Minister Ravi Shankar Prasad said that Indians are getting empowered by smartphones. He highlighted that average mobile data usage has grown by 1680% in the last three years. The use of smartphone and internet enabled services will generate a lot of data in the coming months and years, thereby creating new opportunities for job seekers in India.

Source - Techgig