The Cognizant Center for the Future of Work has introduced a job tracking index, which monitors the emerging jobs and the overall job scenario. To be specific, the Cognizant Jobs of the Future Index measures the trends in demand for 50 specific job categories and analyses both the volume and velocity of new professions such as artificial intelligence (AI), automation, and other next-generation digital technologies.
To develop the index, Cognizant joined hands with ESI ThoughtLab, a US-based economic research firm. The Index, which will be published in every quarter, will track the trends in demand for 45 actual or “real” jobs, along with 5 “proxy” occupations in industries including fitness and wellness, healthcare, legal and financial services, transportation and others.
“When talking about the future of work, especially as it relates to AI and automation, it’s not uncommon for people to worry that their jobs will disappear or they’ll be replaced by a robot,” said Ben Pring, Vice-President, Director of Cognizant’s Center for the Future of Work.
“The reality is companies are rethinking traditional roles through a digital lens while technological innovation is also creating new ones—something that has historically happened in the industrial age. Cognizant’s Jobs of the Future Index highlights how we’ll work in a world of AI, automation, algorithms, bots and big data, ultimately providing an understanding of what is going on in the employment market and how employees or employers can remain relevant and enable their businesses to be competitive.”
