Artificial Intelligence jobs see increased uptake among Indian job seekers

According to data from Indeed, there has been a bump of 179% in the number of searches by job seekers for Artificial Intelligence (AI) related jobs in India between June 2016 and June 2018. AI-related jobs have seen an increase as companies are increasingly working towards integrating new technology into their core functions, creating new openings for skilled professionals.

We are also seeing many smartphones companies calling their cameras as AI-powered cameras. These smartphones range from a budget smartphone to a Flagship smartphone. In the past two years, there has been a lot of people learning about AI and getting a very good paid job in many good companies. AI is one of the most in-demand skills in the current industry scenario. According to industry body NASSCOM, a growth rate of 9% for new job roles that require a high level of skills has been predicted in the technology sector. Job searches for these roles too have continued to grow in recent years.

Since the start of 2018, employer demand for AI skills has been consistent twice the supply of job seekers. From 1.2 in April 2017, the AI skills gap in India has steadily worsened, hitting a 3-year high of 2.2 in June 2018. That is: employer demand for AI skills outstrips job seeker supply by 2.2 times. This is an indicator of the need for skill development in the larger STEM sector and the technology sector in particular. 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. Most searched AI related jobs in the past year (2017-2018)

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.

Commenting on the subject, 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.”

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