UofL’s contribution to Louisville’s ‘equitable financial restoration’ featured in Forbes | UofL News

The University of Louisville is teaming up with enterprise leaders to launch the Artificial Intelligence Innovation Consortium, a first-of-its variety alliance for the town.

The City of Louisville was lately within the spotlight for a Forbes article about “equitable economic recovery.” What which means precisely is the power to fulfill the calls for of assorted industries and the tutorial and coaching alternatives obtainable to workers in all levels of their careers.

This thought of equitable financial restoration is vital proper now, particularly. The story cites knowledge that reveals from February by August 2020, the variety of employees who misplaced their jobs completely as a consequence of COVID-19 rose by 2.1 million to three.four million — an over 60% improve.

The creator recognized Louisville as a benchmark metropolis for equitable restoration, Humana’s position particularly, and a partnership the corporate has with different neighborhood organizations, together with the University of Louisville. As one of many metropolis’s largest employers, Humana and the medical health insurance sector at massive have been much less impacted by the pandemic than different industries. Conversely, the corporate represents a sector of the financial system that’s nonetheless rising and, subsequently, constructing in-demand abilities.

Technology is Louisville’s fastest-growing job sector, Humana SVP Roger Cude advised the publication, which is driving native enterprise leaders to more and more undertake a “digital-first mindset.”

“But like other communities, Louisville-area businesses are struggling to find qualified applicants for those jobs,” he mentioned, including that the pandemic is “creating new and unexpected challenges and accelerating the imperative for businesses to evolve.”

Simply put, there’s a better want than ever for digital and analytical abilities. This is the place FutureLou is available in. The coalition entails non-public, public and educational leaders within the area, together with the University of Louisville. These gamers are combining sources to “create a future-ready local workforce through training and development in high-demand data science skills and capabilities,” Cude defined.

Notably, that coaching is free for Louisville residents.

“The goal of the FutureLou initiative is to provide a pathway for displaced or underemployed workers to upskill into industry-aligned careers that provide stability and resilience during this period of disruption. By providing both financial support and job search guidance, we’re reducing the barriers to reskilling for digital jobs and helping Louisville residents earn credentials that will have high demand now and for the future,” Cude mentioned.

The program is a partnership between Microsoft and Louisville Metro Government, in tandem with the General Assembly, Kentuckiana Works and a digital “micro-campus” workforce.

Also as a part of this effort, UofL’s Center for Digital Transformation web site turned a strategic accomplice in Louisville Mayor Greg Fischer’s 30-day Data Upskilling Challenge Initiative earlier this yr. The program inspired residents to entry free on-line, self-paced, knowledge abilities coaching by a COVID-19-related effort by the town’s Future of Work Initiative, additionally powered by Microsoft.

This isn’t the one “future-proofing” effort UofL is concerned in to advance the town of Louisville and its equitable restoration. 

Last yr, the college teamed up with The Humana Foundation and Interapt to deliver a paid, immersive coaching program that teaches high-demand IT abilities to the underemployed and unemployed in the neighborhood. The program, referred to as “Louisville Skills,” offered people with the chance to construct the technical, enterprise and life abilities essential to work in fast-paced, high-tech surroundings, getting ready them to launch promising careers within the tech business.

Interapt’s coaching program has been referred to as “a national model of creating next-generation opportunity.” The Louisville Skills program marks the primary time Interapt partnered with a significant college.

Also final yr, UofL turned a part of a brand new Artificial Intelligence Innovation Consortium, an alliance that additionally consists of Amazon Web Services, GE Appliances, Amgen, V-Soft Consulting and different corporations. This alliance is the first-of-its-kind for the town. 

In February, UofL obtained a virtually $four million grant from the U.S. Department of Labor to construct a program that prepares college students for the ever-evolving, technology-enabled “jobs of tomorrow.” ​The UofL Modern Apprenticeship Pathways to Success (MAPS) program is funded by the DoL’s “Apprenticeships: Closing the Skills Gap” initiative. UofL was one in every of simply 28 public-private partnerships funded below this federal program in its most up-to-date spherical, and is the one one in Kentucky.

Finally, final yr, UofL and IBM introduced a partnership that features the institution of an IBM Skills Academy centered on digital studying and know-how abilities. Like Interapt’s initiative, this abilities academy is the primary of its variety that IBM has developed with a better schooling establishment.

Specifically, the academy will present curriculum and academic instruments targeting eight fast-growing know-how areas: synthetic intelligence, blockchain know-how, cybersecurity, cloud computing, web of issues, quantum computing, knowledge science and design considering.

It is estimated that over 120 million jobs can be affected throughout the subsequent three years by rising applied sciences comparable to synthetic intelligence. Since the COVID-19 pandemic hit, that number may even be higher and upskilling by these areas is extra essential.

These examples are simply the tip of the iceberg of what UofL is targeted on, or plans to concentrate on within the close to time period. One of UofL’s recognized “Grand Challenges,” for instance, is “engineering our future economy.” This means, partly, honing our analysis to concentrate on growing and harnessing technological developments for the digital and robotic transformation of the workforce.

As President Neeli Bendapudi mentioned when the IBM partnership was introduced: “It is important for us to be nimble with this, to be truly transformative, to say, ‘We see what’s coming, how can we be proactive?’” 

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