AI and automation technologies are creating new jobs whilst making existing ones absolutely redundant. According to the WEF report, 83 million jobs would vanish in the next five years, replaced by 69 million new jobs. Autonomous and EV specialists are leading the race to becoming the most in-demand jobs for 2023. AI and machine learning specialists come at a distant second. India’s leading talent platform, foundit (formerly Monster APAC & ME), has mentioned that the demand for AI talent has grown 11% over the last six months. The way AI is now developed and deployed across multiple industries showcases the need to focus on in-demand jobs and skills powered by new emerging technologies. Today, AI is influencing job trends in almost all the sectors such as Recruitment, IT, Retail, Telecom, BFSI, and Advertising, MR & PR.
Source: WEF
Sekhar Garisa, CEO, foundit (previously Monster APAC & ME) said, “Technology has always helped in achieving monotonous human tasks accurately and efficiently and with solving everyday problems. However, adoption of revolutionizing tech such as ChatGPT has emerged as a game changer in the tech world. While there are several dialogues regarding job losses with the intervention of AI, the same is expected to create newer roles and increase employment opportunities. Undoubtedly, it would have a profound impact and will act as a catalyst for technological advancement. It would be undermining to say that it will be a threat.”
Sekhar added, “In the present scenario, AI and automation are acting more as catalysts than threats for professionals in the industry. It is necessary to keep up with emerging trends as every role becomes obsolete beyond a certain period of time without new learnings. Hence, upskilling is a long-term investment for career progression, which should be fostered along the growth journey of any employee making them market ready even in tough times. Today’s employees must be prepared to adapt to learn, unlearn and relearn to remain relevant in future”.
Top Industries reflecting demand for AI talent
| Industry | % Share |
| IT | 29% |
| Advertising, Market Research & PR | 17% |
| Retail | 11% |
| Telecom | 8% |
| BFSI | 5% |
Top 10 In-Demand Jobs and Skills and Competition Among Indian Talent
“Although there is huge hiring demand for these roles, there’s a scarcity of talent as well. The growing demand for these roles across industries has created a setback in hiring due to the lack of specialised skills in professionals. Although there is a lot of new talent in the market, organizations are finding it challenging to hire a candidate with the right fit for the job”, says Sekhar Garisa.
The demand for AI and ML-led vacancies have duplicated in the recent years. According to Indeed, ML developers, software technologists and data scientists continue to be top-ranking jobs in India and abroad.
in the last three years, vacancies in artificial intelligence have duplicated. A related study from Indeed also shows that Machine Learning developers, software technologists, and data scientists play the most demanded role in artificial intelligence.
As per foundit data, the top 10 in-Demand Jobs and Skills are:
- Software Engineers
- Data Engineers
- Data Scientists
- Python Developer
- Marketing Analytics Consultants
- AWS Data Architect
- Machine learning Engineers
- AI Product Managers
- BI Developer
- Content curators/ proofreaders
Sekhar added, “Although there is huge hiring demand for AI-related roles, there is a scarcity of talent as well. The growing demand for these roles across industries has created a setback in hiring due to the lack of specialized skills in professionals. While there is a lot of new talent in the market, organizations are finding it challenging to hire a candidate with the right fit for the job.”
Top 10 Skills in Demand
As per foundit data, the top skills in demand today include:
- Machine Learning Ops
- Natural Language Processing
- Java
- Python
- DevOps
- Big Data
- Azure
- Unix
- TensorFlow
- Neural Networks
Conclusion
The hiring industry is quick to pounce on the promising new technologies. Powered by Artificial Intelligence and machine learning tools, the adoption rate of new technologies could bring in a high demand for skilled and technically-advanced professionals who can help organizations build a greener and sustainable future for their organizations.