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India’s AI talent gap widens as demand surges

Economic Times

Economic Times · 1m ago

India’s AI talent gap widens as demand surges

The increasing demand for AI skills in India is highlighting a significant talent gap, as only 15-20% of the workforce is AI-equipped. This shortage is affecting hiring strategies across technology firms, with companies like HCLTech and startups like StaqU seeking adaptable, self-taught engineers rather than experienced coders. Salaries for AI roles have spiked, reflecting the market's competitive nature. The deficiency is further exacerbated by limited research infrastructure and funding in India, necessitating upskilling efforts.

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AI accelerating disruption widens IT skills gap, says survey

Economic Times

Economic Times · 1y ago

AI accelerating disruption widens IT skills gap, says survey

A recent survey by Skillsoft reveals that the accelerated disruption caused by AI is leading to a widening skills gap in the IT industry. The survey found that one in three IT leaders is facing challenges in finding qualified talent. The lack of training and development opportunities was cited as the top factor driving IT professionals to change employers. The survey also highlights the importance of soft skills, such as team communication, interpersonal communication, and emotional intelligence, which are often overlooked in the IT industry. This presents an opportunity for businesses to invest in leadership training to bridge the gap and drive innovation.

Firms rush to recruit chief AI officers amid tech frenzy

Economic Times

Economic Times · 1y ago

Firms rush to recruit chief AI officers amid tech frenzy

Companies in India are actively looking to hire top talent for artificial intelligence (AI) leadership roles, including the role of Chief AI Officer (CAIO). Job portals and headhunters are flooded with requests from companies like Harman International, Blackrock India, American Express, Swarovski, and others. The number of AI leadership role openings is expected to increase in the next 18 months as the demand for AI talent and specialized leadership roles grows. The CAIO role is crucial in planning and executing AI strategies and ensuring responsible and ethical AI use. Additionally, other AI-related roles like AI ethics specialists, AI solution managers, and robotics engineers are also emerging in the market. However, there is a significant demand-supply gap for AI talent in India.

Skill gap in workforce, AI advancements make cyber attacks more threatening in India

Economic Times

Economic Times · 1y ago

Skill gap in workforce, AI advancements make cyber attacks more threatening in India

The demand for cyber security professionals is set to boom in India as the country grapples with a rise in cyber attacks. The industry currently faces a 30% supply gap, with projections indicating a need for one million professionals by 2025. Companies are incorporating artificial intelligence (AI) to enhance cyber security efforts and bridge the skills gap. The most sought-after skills in the field include cloud security, threat intelligence, incident response and management, ethical hacking, and data security. Companies are expanding their search for talent beyond domestic markets and investing in skilling initiatives to meet the growing demand.

Companies battle for small pool of IT employees

Livemint

Livemint · 1y ago

Companies battle for small pool of IT employees

Companies in India are struggling to fill the talent gap for skilled IT employees. According to a report, companies are finding it challenging to find candidates with the latest IT skills, such as artificial intelligence and machine learning. The demand for IT skills, especially in AI and ML, is increasing as companies digitize their businesses, leading to competition for talent across industries. The limited pool of qualified candidates during campus hiring is another hurdle for organizations. Companies are now focusing on upskilling their existing workforce rather than hiring from outside.

9 AI jobs you can get without being an expert coder, from product designer to sales engineer

Business Insider

Business Insider · 1y ago

9 AI jobs you can get without being an expert coder, from product designer to sales engineer

Companies are increasingly looking for AI talent, not just in programming, but also in non-technical roles that bridge the gap between technical AI development and business acumen. These roles include AI product managers, AI ethics specialists, AI sales engineers, AI business analysts, data annotators, prompt engineers, AI product designers, AI policy analysts, and AI specialists. Salaries for these roles vary depending on experience and company size, ranging from $40,000 to $400,000 annually. These positions are in high demand as organizations seek to leverage AI tools in their workflows to drive productivity and revenue growth.

Inside the AI talent-hiring frenzy

Business Insider

Business Insider · 1y ago

Inside the AI talent-hiring frenzy

Demand for AI talent is intensifying as companies compete to create the best products in the field, with larger and wealthier firms currently dominating the race. Smaller companies struggle to attract workers with both technical and non-technical AI skills, believing they are being squeezed out of the sector by industry giants like Meta and Microsoft. The cost of hiring AI talent is high, with major firms offering substantial compensation packages, making it a challenge for smaller businesses. Additionally, there is a shortage of candidates with the required skills, such as proficiency in programming languages and deep learning software libraries. However, startups are becoming more generous with offers, including equity, to compete with larger companies. As the industry evolves, companies are investing in chief AI officers, training programs, and internal discussions to catch up with the technology and bridge the talent gap.

India's AI sector could see shortfall of over a million workers by 2027: Bain & Co report

YourStory

YourStory · 5m ago

India's AI sector could see shortfall of over a million workers by 2027: Bain & Co report

India faces a significant AI talent gap, with a projected shortfall of over a million skilled professionals by 2027, according to Bain & Company. Despite growing demand and attractive salaries, the supply of qualified AI professionals hasn't kept pace. India's AI sector could see 2.3 million job openings by 2027, but only 1.2 million professionals are expected. Addressing this requires a shift in hiring practices and a focus on upskilling and reskilling.

Adobe upbeat on India as country's share in core product development grows

Economic Times

Economic Times · 5m ago

Adobe upbeat on India as country's share in core product development grows

Adobe is increasingly focusing on India as a significant market, citing strong business growth with major companies like Air India and HDFC. The firm's software product development in India is pivotal, especially in document, creative, and digital experience clouds. While expanding mainly in Noida and Bengaluru, Adobe acknowledges a talent war for roles such as AI engineers. The company is investing in skilling programs to bridge this gap and meet the rising demand for creative and technical expertise.

Gender pay gap widens as women go up the tech ladder

Economic Times

Economic Times · 1y ago

Gender pay gap widens as women go up the tech ladder

The article discusses the widening gender pay gap in the technology sector as women ascend the corporate ladder. A report by Aon suggests that the unadjusted gender pay gap in the sector is around 28-30%, with a slight improvement from the 34-35% during the Covid-19 pandemic. The study also highlights the underrepresentation of female engineers in higher salary brackets compared to their male counterparts. However, companies like Capgemini, Mphasis, and Hexaware Technologies are implementing initiatives to create a fair and diverse workplace and address the pay gap issue.

India's digital businesses are innovating faster with Data + AI, says Databricks founder

Economic Times

Economic Times · 2m ago

India's digital businesses are innovating faster with Data + AI, says Databricks founder

Databricks founder Ali Ghodsi highlighted that India's digital businesses are leading in AI innovation, surpassing global counterparts. The company is investing $250 million in India for R&D, talent development, and AI adoption, focusing on Bangalore and targeting IITs for talent. Databricks is optimistic about Asian markets due to relaxed regulations. The company unveiled key initiatives like "Agent Bricks" for AI agent optimization, "Lakebase" database, and free Databricks access to bridge the AI talent gap.

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