Companies are looking to hire digital, new age technology professionals in 2020
Digital and new age technology professionals will be the most sought-after talent among companies in India in the New Year. Demand for people with training in artificial intelligence, machine learning, natural language processing, robotics, blockchain, etc. are seen doubling in 2020 at a time when increasing cost pressures and an uncertain business environment is prompting many companies to go slow on overall hiring across other domains.
There are a little over 60,000 job openings currently for the top 10 new age tech skills for 2020, according to an estimate by specialist staffing firm Xpheno that was shared exclusively with ET. These include data analytics, AWS, data science, ML, NLP, data visualisation, IoT, AI and blockchain.
“There has been a consistent demand for these super-specialised skills thanks to the scale in which funded startups and global MNCs are scaling up their tech talent,” said Xpheno co-founder Kamal Karanth. “As we enter 2020, there is potential for talent specialising in these domains to go on a fresh hunt with potentially rewarding financial returns with the increasing supply-demand imbalance.”
The openings are across -- entry, mid and senior-- levels with annual remuneration ranging from Rs 3 lakh to over Rs 1crore. There are over 520 active job openings in AI, data science, AWS, analytics with salaries ranging Rs 50 lakhs to Rs 1 crore and above. Entry-level talent with these skillsets also hs about 4,500 openings.
Some of the biggest and high remuneration openings are with industry leaders such as Accenture, Capgemini, IBM, Dell, NVIDIA, the Xpheno survey found. The funded startups are also competing with the branded big boys chasing some of the best available talent in the market.
ET spoke to HR heads across sectors such as IT, manufacturing, consulting, ecommerce and industrial sector companies who confirmed the trend.
“In 2020, we will stay on the path to building specialised talent to address present and future customer needs, skilling our talent and acquiring fresh talent in areas like cloud, digital, security, AI, blockchain and emerging areas such as 5G and quantum computing,” said Mohan Sekhar, senior managing director of Ac centure Advanced Technology Centers in India.