TG govt should look at multiple ways to create new opportunities

Today, our people are accustomed to going to an office where someone is telling them what to do and how to do. Freelancing is totally different and the workers must be very innovative to grab the opportunities competing with the global players - J A Chowdary, Chairman, International Startup Foundation

Hyderabad: With the rise of artificial intelligence, huge job losses are anticipated among the existing employees in almost all IT-driven cities like Hyderabad. More than the freshers and youngsters coming out of colleges, more financial problems will be there for employees who are already working in the IT/ITeS companies, particularly in the senior level positions.

As Hyderabad is heavily concentrated on IT/ITeS and BPO/KPO companies, Telangana government needs to start working on skilling and re-skilling mechanisms to help the AI-replaced employees, says J A Chowdary, founder and chairman of the International Startup Foundation. He is the former chairman of the Board of Software Technologies Parks of India (STPI) Hyderabad, Bengaluru and Chennai.

Speaking to Bizz Buzz, he shared some of the recommendations on the ways to create and improve the job opportunities in the IT sector of the State. The government should look at multi-dimensional ways on creating new job opportunities. Otherwise the families of the laid-off employees get disturbed and in that way it is also a phenomenal loss to the society. It is embarrassing for them to explain about job loss.

“The AI-replaced employees must be re-trained properly by the government agencies and they shall be positioned back. It will be a pathetic situation if the government is unable to provide alternate solutions. Another major threat in the IT sector is the death of distance in a bigtime. Nobody is looking to go to Hyderabad as freelancing is happening at large scale,” JA Chowdary alarmed.

“Outsourcing is taking place to those who are capable of providing the solutions anywhere in the world. Even today, our people are accustomed to going to an office where someone is telling them what to do and how to do. Freelancing is totally different and the workers must be very innovative to grab the opportunities competing with the global players.”

This is not the problem of only India; every country is facing the job losses including the US and European nations. If the freelancers are more capable, they will be able to get the work opportunities. This is likely to happen soon in Hyderabad IT sector. The government should look at the areas where it has to quickly provide re-training to the existing employees,

he suggested. “Because of the changes in latest technologies, the education system must be transformed in the AI era. the institutions must enhance their problem solving skills. The students should be able to bring cost effective solutions to the problems by using the AI tools.”

(Congress party came to power in Telangana with A Revanth Reddy as its Chief Minister. Achieving faster industrial growth is essential for the new government to generate jobs and implement its high-value welfare schemes. In this backdrop, Bizz Buzz business daily has taken up a campaign to publish suggestions from industrialists, businessmen, industry associations, experts and others to help Telangana attract more investments. If you have any suggestions, mail them to [email protected]. We will publish innovative suggestions that add value to Telangana’s industrial ecosystem - Editor)