Colleges, businesses need to up their game to cope with AI, IoT: Report

Estimates suggest that only 20 per cent of today's engineers are employable in this age of new technologies like artificial intelligence (AI), internet of things (IoT), blockchain and cyber security. And it's high time that educational institutions, businesses and the government upped their game. These are the findings of a report unveiled by the BML Munjal University, a higher education institution promoted by the Hero Group. The report, titled ÁI & Future of Work: Redefining Future of Enterprise, analyses the opportunities and challenges brought about by new-age tech changes and presents a roadmap for academic institutions, enterprises as well as the government on how to work together to fulfill the demand for qualified professionals in this new age where exponential technologies like AI and blockchain are going to rule the roost. "Today, legacy skills, tools and technologies have become obsolete. New-age digital professionals proficient in AI, IoT are being called upon to enter the talent workforce, with a new set of skills," said Sameer Dhanrajani, CEO of AIQRATE Advisory, who authored the report.