As the demand for data scientists, machine learning specialists, and skilled engineers rapidly increases due to an AI hiring frenzy taking place around the world, tech giants like Google and Baidu, as well as companies in other fields such as healthcare, finance, and entertainment, are staffing up to avoid getting blindsided by shifts in their industries. India is the second-largest pool of highly-skilled AI, machine learning, and big data talent, according to Nasscom’s February report, after the US, producing 16% of the world’s AI talent pool, placing it among the top three talent markets with the US and China. However, the AI-related hiring scenario in India illustrates how the rush for talent is outstripping supply.
India’s tech industry is built on a plentiful supply of affordable workers, and now, even the world’s most populous nation is running out of the skilled engineers, data scientists, and machine-learning specialists that companies are looking for. Biswajeet Mahapatra, principal analyst at Forrester Research Inc., warns that the talent crunch is going to worsen in the next year or two.
India’s growing capability centers and research and development hubs in Bangalore have attracted several big companies, including AllianceBernstein Holding LP, Avis Budget Group Inc., Warner Bros. Discovery Inc., and Pratt & Whitney. ANSR Consulting, which helps design and establish technology centers for corporations, has driven the larger domain of artificial intelligence out of stealth mode, with many enterprises accelerating their AI roadmap to derive a competitive edge.
The Talent Crunch in India
India’s tech industry is facing a talent crunch as AI-related hiring outstrips supply, even in the country with the second-largest pool of highly-skilled AI, machine learning, and big data talent.
India’s Position in AI Talent Market
India ranks second, after the US, in highly-skilled AI, machine learning, and big data talent, producing 16% of the world’s AI talent pool and placing it among the top three talent markets with the US and China.
Growing AI-Related Jobs in India
India added 66 tech innovation centers in 2022, bringing the total to nearly 1,600. These global capability centers (GCCs) have morphed into in-house centers for business-critical technology, such as AI. In the first quarter of 2023, big companies, including AllianceBernstein Holding LP, Avis Budget Group Inc., Warner Bros. Discovery Inc., and Pratt & Whitney, set up R&D hubs in Bangalore.
ANSR Consulting in India
ANSR Consulting, which helps design and establish technology centers for corporations, has driven the larger domain of artificial intelligence out of stealth mode, setting up 18 such captives in India in 2022, and Ahuja expects that number to hit 25 this year.
Warning of Talent Crunch in India
Biswajeet Mahapatra, principal analyst at Forrester Research Inc., warns that the talent crunch is going to worsen in the next year or two.
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