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Young Workers Optimistic About Careers, Positive About TechnologyDAVOS, Switzerland, January 18, 2016 /PRNewswire/ -- Infosys Research Reveals Disparity Between Developing and Developed Countries' Youth Outlooks, as the World Confronts the Fourth Industrial Revolution Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced research findings that provide insight into a generation that is positive about technology, divided economically about their career chances, and unsatisfied with their current formal education. (Logo: http://photos.prnewswire.com/prnh/20130122/589162 ) The research report, Amplifying Human Potential: Education and Skills for the Fourth Industrial Revolution, commissioned by Infosys and conducted by independent research agency Future Foundation, polled 1,000* young people per country, aged between 16 and 25, in Australia, Brazil, China, France, Germany, India, South Africa, the United Kingdom and the United States. Overall, while youths across all surveyed countries understood the role that technology will play in their careers and the need to advance their own skills, there is a clear disparity in technical confidence and job opportunities among developed and emerging economies.
Data also indicates that the disparity between emerging and developed economies' technological understanding is linked to developed markets' long-established education, employment and economic strategies. Emerging economies surveyed have less institutional inertia to contend with, having embarked on their economic rises more recently, and therefore can more flexibly embrace emerging technology. Emerging markets have also accelerated investments in education, buoyed by economic growth.
The workforce of tomorrow also understands that as technology increasingly takes away routine tasks, they will need to pursue lifelong learning to develop new skills and focus on "soft" skills that computers will not be as adept at handling.
Finally, the study showed that job security was important for today's youth, with the majority of them uninspired to work in volatile start-up ventures. Many, especially in developed economies, are reluctant to set up their own enterprises. Instead, they prefer employment with established large and mid-size companies. And the gender gap in science, technology, engineering, and mathematics (STEM) careers remains prevalent, but it is much starker in developed countries than developing countries.
Overall, young people are aware that the Fourth Industrial Revolution will usher several disruptive forces in the job market: from the next-generation Internet of Things and Big Data, to work environments that will be drastically changed by automation, artificial intelligence and similar technologies. Today's youth understands that it must be agile, open to learning and capable of operating in a global environment to build a long-term career path. Dr. Vishal Sikka, CEO and Managing Director, Infosys, said, "Young people around the world can see that new technologies, such as artificial intelligence and machine learning, will enable them to reimagine the possibilities of human creativity, innovation and productivity. To empower these young people to thrive in this great digital transformation, our education systems must bring more focus to lifelong learning, experimentation and exploration - in addition to bringing computer science and technology more fundamentally into the curriculum. Every one of us can reimagine our circumstances, innovate and create, but our education systems must instill new ways of thinking, which include finding the most important problems to solve, collaborating across diverse groups and learning from quick failures - so that each one of us can find our own meaningful, purposeful work." For more information and a full copy of the report, please visit: http://www.experienceinfosys.com/humanpotential * 700 surveyed in South Africa About Infosys Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence. Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 9.2 billion in LTM revenues and 193,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value. Safe Harbor Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2015. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law. SOURCE Infosys |