Budget 2019: Tech Industry Now Eyeing Future With AI, iOT Courses

The country’s youth will be reskilled to cater to the demands of the industry that deals in the futuristic courses

Over 10 million youth in the country will be re-skilled to get expertise in field like big data and 3d printing among others.

(Photo: iStock)

In an interesting move to promote job opportunities in the futuristic vocations courses, the Budget 2019 allocates its focus on the technology industry with new initiatives.

For this, Nirmala Sitharaman, Finance Minister mentioned that a skill training centre will be setup in the country, equipping over 10 million youth from across the country in subjects like Internet of Things (IoT), robotics, virtual reality (VR) and 3D printing among others.

Considering most of the world is heading in the direction, it’s probably the right time to shift focus to technical subjects that will offer job opportunities to the youth in the country, thereby help grow the economy as well.

Offering courses in these subjects is commendable but we’d have to wait to understand the nitty-gritty of the announcement made, especially with regards to the finance allocation that will be done to make all these happen in the coming years.

As of now, these courses are being provided by brands like Udacity and Coursera among others but we’re yet to see these courses replicated from online to offline structure, posing challenges with regards to the faculty that will be entrusted in shaping the future of the youth in the sector.

In the meanwhile, here’s what some of the startups in this domain have to say about the budget 2019:

The government has a positive outlook towards promising technologies including artificial intelligence and big data. It has also promised to build skill sets in ultramodern technologies such as AI, big data, and robotics

Kartik Walia, Head - Operations (India), Amplify.ai

New age online learning courses have big future in India. (Photo: The Quint)

Training 10 million youth under the Kaushal Vikas Yojana with new-age skills in areas like artificial intelligence,Internet of Things, big data, 3-D printing, virtual reality and robotics, will help create a large pool of skilled manpower in India

Sumeer Chandra, MD, HP India

The government’s focus on encouraging skill development and training in various tech-centric areas including artificial intelligence, big data, robotics, etc. is an extremely welcome step. The proposed measures will ensure that the next generation of students is job-ready for the high-value jobs that are rapidly emerging both in India and abroad.

Ishan Gupta, MD, Udacity India

Skilling the youth on AI, AR is imperative as there is limited workforce available in these areas. Industries like manufacturing, real estate, healthcare are prime areas for implementation of these technologies and there is a huge scope for employment

Prafulla Mathur, Co-Founder, Queppelin