Research reveals there has been an increase in number of searches by job seekers in AI related sectors in India. According to research job site Indeed, the increment in number of job searches had gone up to 179 % by job seekers in AI related fields in India between June 2016 and June 2018. The research further shows data scientist profile leading the top slot with software engineer and machine learning engineer following with rest of the other profiles.
As organisations continue to seek talent with specialised skills in developing and implementing artificial intelligence, given that India is still in the initial stages of the application of this technology, which emphasises the need for job seekers to work towards acquiring the requisite skills. Research by the National Institute of Skill Development (NISD) indicates that only two percent of the country’s total workforce has undergone skills training presently. The good news is that, more recently, the talent mismatch levels have been on a decline, which is an encouraging sign for both job seekers hoping to work in the sector, and companies seeking skilled talent in the field. According to the report, employer demand for AI skills outstrips job seeker supply by 2.2 times, indicating the need for skill development in the larger science, technology, engineering, and mathematics (STEM) sector and the technology sector in particular.
Apart from the wider technology industry, the automotive sector is a key driver of the application of artificial intelligence in India. Companies are increasingly looking at leveraging AI for data management, analytics and programming. According to a BCG study, India is the third country after USA and China in terms of AI implementation in the automotive sector. This is indicative of the scope of work that is yet to be tapped in the sector going forward.
Mr. Venkata Machavarapu, Head of Engineering, India and Site Director at Indeed India, said, “The integration of technologies such as artificial intelligence and machine learning into core business is an inevitable step towards participating in the economies of the future. While firms across industries are adopting a technology-forward approach, it is crucial that we also prepare the workforce by reskilling and upskilling talent in the requisite capabilities. Our focus needs to be not only on finding talent with the right skills, but also on equipping existing employees with the required skills to work with AI-powered solutions.”
Government’s efforts towards harnessing artificial intelligence towards national development, such as through the NITI Aayog’s national programme on the research and development of AI and its applications, job creation in the sector is likely to see substantial growth in the months to come, which bodes well for job seekers.