Jan 24: Tata Consultancy Services and Infosys have joined the first ever global initiative aimed at tech re-skilling of 1 million IT employees. The IT industry initiative is backed by Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise (HPE), Pegasystems, PwC, Salesforce and SAP.
The World Economic forum in Davos, which took up the issue of global skill gap challenge, job displacement arising majorly out of automation, and the fourth Industrial Revolution, witnessed the launch of the initiative. It intends to train 1 million people on the World Economic Forum SkillSET portal by January 2021.
Klaus Schwab, Founder and Executive Chairman of World Economic Forum, has been quoted by news sources as saying that the need of the hour is responsive solutions, and coordination from all parts of the society – governments, citizens and private industry equally to restructure the educational system in such a way that it equips the worker for every challenge in future.
He added the initiative is an example of Industry leaders taking a collective effort to resolve a major social challenge at scale. The initiative was formulated by the Forum’s IT Governors’ community under the chairmanship of Chuck Robbins, the chairman and chief executive officer of Cisco.
The World Economic Forum report points out that, the skill of one of four adults is found incompatible to the skill that is demanded by their job. Hence, updating skills is a key concern across the globe. The initiative extends to fill this gap by creating a free platform of online tools to streamline the process of re-skilling the work force. The initial iteration of the portal will be available in April 2018. The barriers that keep adults from re-skilling or completing their trainings shall be identified, and methods to eliminate such hindrances shall be evolved by the coalition.
The initiative which will kick off in the US market, and later extend to other world markets, looks forward to build industries and public-sector partnerships in 2018 and the years later.