AI's impact on job market: LinkedIn report advocates for upskilling to navigate the changing work landscape

Artificial intelligence has rapidly transformed the global job market, with a notable 21 times increase in job listings seeking AI skills within the past year.

Karin Kimbrough points out that about 25% of the skills required for any occupation have changed globally, but in India, this figure stands at an even more substantial 30%. India is positioned at the forefront of this acceleration, driven primarily by technological advancements, especially in AI and generative AI. The pace of skill rotation is high, necessitating individuals to upskill swiftly, and Indian employers are proactively acknowledging and addressing this need.

Kimbrough emphasises the importance of organisations fostering a culture of learning to enable workforce agility. Investment in employee upskilling is crucial for companies to adapt to the evolving job market.

In a separate development, MoveInSync, an employee commute platform, recently raised $15 million in a Series C round from Bessemer Venture Partners. The funds will be utilised to expand MoveInSync One, an innovative solution encompassing fleet, operations, and technology. The platform aims to provide cost-effective and seamless employee commutes for enterprises.

Deepesh Agarwal, Co-Founder & CEO of MoveInSync, in an interview to CNBC-TV18, outlined plans to extend their focus beyond the IT/BPO tech segment, entering the growing manufacturing sector in India. The company also aims to invest in fleet management, with a specific focus on electric vehicles, and expand its presence beyond India to markets like the Middle East.

In addition to these developments, CNBC-TV18's Akhil Vishwanath gets a report on India's inaugural Startup Mahakumbh event scheduled for March 18-20, 2024. The event aims to bring together over 1,000 startups and investors, showcasing the vibrancy and potential of India's startup ecosystem. The initiative underscores the dynamic nature of the Indian entrepreneurial landscape and its attractiveness to investors seeking innovative opportunities.