We are talking about the job being displaced and we are talking about emerging technologies and how important it is. there is a shortage of jobs there is a shortage of skills, so, on one hand, we are talking jobs being replaced I think definitely tell you from the Industry perspective that we are hugely looking out. We are hugely wanting significant number ofgood skill resources to join us. The question really becomes – how is it that with this kind of changing technology, with this changing landscape what really is the expectations that one would have of freshers. What is the expectation that one would have, what is it that from an academic institution? What is being done to create & manage the expectation that one from the industry.
So the earlier time we focused more on what we called soft skills and a little bit on analytical skills. But today all business transaction landscape has totally changed because of technological intervention. Say for example if take the case of marketing- the whole marketing landscape has changed, because of digital marketing If you take the case of companies like Amazon they extensively use people who do artificial intelligence Like that there are so many technologies disrupting and also becoming vital, crucial for business. Second thing is that new business models are coming because of the technology How many students, particularly talking about MBA students, how many students know the importance of business analytics, how many students know about the importance of artificial intelligence, blockchain technology. These are very important in the future. In the future, if students want to get a good job. If they want to scale up in their career, such technological exposure is important. Now what is happening, – they have a wonderful MBA syllabus, but the syllabus is fundamentally focused on traditional and recently as part of updations -they added Business Analytics, but it is purely theoretical. The examination is purely theoretical. No practical exposure. Second thing is that – what is college supposed to do?
For example, in our college we clearly know the gap Pure theoretical exposure is not sufficient, we have to give exposure to technologies so we give add on courses – in certain areas these add on courses will bridge the gap. I think what is clearly coming out is that there are a lot of initiatives that can happen which go far beyond the challenges such as fixing the syllabus. Sam is from Experion with good IT background. Sam, could you share, what really is the perspective with regards to – What’s are your expectations from fresh graduates and also whether you are able to get them in ample measure? Good afternoon all. We really need to analyze the background of candidates appearing for the interviews, then we have a filter with certain criteria, and end of the day we have to handpick some good candidates and we are under pressure to do that.
Coming back to the technology impact – AI, IOTetc; but I don’t think none of our campus are ready to take it on, get directly in tothose kind of technologies so the companies have to take the burden. From Experion perspective we never interviewcandidates on Block chain or any kind of new technology. We are always looking for the candidates who have core base in core technology If somebody is able to depict the data structures,somebody is able to explain oops concept, that’s enough. I don’t have any work and exposure suddenlyone client came down and asked me to deliver supply chain solution, I don’t have anyclue. I am from different background. I started some R&D I hand-picked candidatesand started learning from Udemy, Coursera and all. And started a QC, end of the day we have designeda hyper ledger fabric, so if companies are ready to take the burden and academiciansare ready to give a foundation most of the problems will get solved. Thank you Sam. What you said last makes a lot of sense.
It certainly is the responsibility in somemeasures in current day, in current situation that the companies should in many ways, fortheir own sake – take responsibility for making sure that what is needed to be done is doneprovided the foundations are maintained. I must share with you while there was a statement-that probably it takes – what 18 months or thereabouts is lead time for the people to get ready. Our own experience is very different, from thatthe people that we get are outstanding & brilliant, they are extremely good but they are not fitto get into the workplace running but in less than 6 months they are active on live projectsand extremely good initiative, extremely capable, very enthusiastic, high initiatives. Lot of things that are talked about earlier,that are necessary, not just about knowledge, but more about capability, learning & progress. Thank you to all the panelists, I must congratulate each and everyone who participated in this event Its being extremely interesting I also like to thank the organizers both CII and Trinity Skillworks for organizing this. Absolutely interesting discussion Thank you very much.
I must confess that I came to this discussionexpecting that it will be talking about dooms days but its lovely that it is talking muchto the contrary. I think much of the discussion today clearly pointsout to the fact that Jobs are not reducing they are largely kind of on the increase,that said, there is no doubt that there are certain types of jobs which are mundane, routine,repetitive and predictive that is being replaced and the new advent of the emergingtechnologies such as AI, Deep Learning, Block chain, IOT, Mobile, Cloud, AR/VR and so onis completely changing the landscape of how the workplace is today. We are talking about jobs being displacedand how are emerging technologies and how important it is.
But I will share some quick perspective, thisis just our own perspective that the company – the CTO, he is a die-hard AI, IOT fan;we’ve been meeting a lot of customers over the last month in US and what is interestingis that while there are some who showed interest in emerging technologies, its clearly a case that bulk of what we do- A larger quantum of the work that we do isstill very much entrenched in conventional technologies so it is not the case thatthe work is being completely replaced and open source technologies, Microsoft technologiesare being replaced but they are certainly being displaced that really is not the case. We do work with fairly large customers, wedo work with Amazon, we do work with customers who create payment gateway innovations & paymentsystems which are used in vending machines such as in Coke & Pepsi. But even there, it is not the case that thereis a displacement of commercial technologies. So on one hand we are talking about jobs being replacedI think definitely tell you from the Industry perspective that we are hugely looking out, We are hugely wanting significant number ofgood skilled resources to join us.
Question really becomes – how is it that withthis kind of changing technology, with the changing landscape what really is the expectations that one would have from a pool of freshers. What is the expectation one would have, whatis it that an academic institution- What is being done to create & manage theseexpectations that comes in from the industry? It will be interesting if we can hear fromyou Dr Biju. To continue from what was stated – What reallywould be some initiatives that the academic institutions can take today to prepare studentsfor their future? We are not able to go ahead of industry. So this year I’m making a search for what will be the requirement, from which industries, what is the technology they are looking for I’ve added some additional courses, to bridgethe gap. Majority of the students get some job after1 or 2 years.
This is my request, can you predict a littlebit in advance. Next thing, you come and associate with academia. We’ll start courses according to your requirement. Right now we’ve started For example XYZ has huge demand if studentsand parents say there’s huge demand, the industry is not mentioning anything rightnow. If you predict or if you say we’ll startthe curriculum. Thank you Biju. I think a lot of interesting perspectivescome in that. People like Dr. Saji doing goodwork he mentioned about GTech – is also talking to some universities to enhance their collaborations. You heard what the academic institutionhas said, what the industry has said. I spoke to you briefly before this, I knowyou have a very interesting perspectives. Why don’t you critique the manner in whichthe industry & academia is approaching the whole issue. If you are given a magic wand – How shouldit be used? In my own class more than 80% students whoare not keen on engineering. When companies come they go to the interviewbecause of social status, family pressure everything, so it’s expected from us that we shouldhave some qualities but we don’t have, or sometimes they don’t want to.
We should improve, implement something thatwill enable us to reduce the gap between companies and placements and education. Thank you. It calls for passion to do the things we want. That is the way everything falls into place. Thank you very much Aja Thank you to all the panelists. I must congratulate each and everyone who participated here. It’s been extremely interesting I would like to thank the organizers, both CII and Trinity Skillworks for organizingthis absolutely interesting discussion