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NASSCOM published a vital report focusing on AI and Big Data Analytics talent. This initiative addresses employability gaps within the Indian IT industry. The report details the demand and supply dynamics for specialized talent. It emphasizes narrowing the demand-supply gap through strategic up-skilling.

Key Insights from NASSCOM Report

This section details the primary findings of the NASSCOM report regarding the demand and supply of AI and Big Data Analytics talent across India. These insights highlight the critical areas needing attention for talent development.

The total demand for AI and Big Data Analytics talent in India reached about 510,000 in 2018. This figure rose to approximately 800,000 by 2021. This shows a rapid increase in the need for skilled professionals.

India's employed talent pool for AI and Big Data Analytics was around 370,000 in 2018. This pool grew to an estimated 570,000 by 2021. This indicates growth, but not enough to match demand.

Universities produced about 78,000 fresh, employable graduates in new-age technologies in 2018. This number projected a Compound Annual Growth Rate (CAGR) of 5% until 2021. This shows a steady but insufficient influx of new talent.

The report also projected the demand-supply gap in AI and Big Data Analytics. This gap was about 62,000 in 2018. It was expected to widen to about 140,000 over the subsequent three years.

Addressing the Demand-Supply Gap  

This section explores the strategies and initiatives aimed at closing the talent gap in the AI and Big Data Analytics sectors. It highlights the collaborative efforts required from various stakeholders.

The report highlights the urgent need to bridge the demand-supply gap. It suggests robust up-skilling and training initiatives are necessary. Government and industry bodies are actively starting programs. These programs aim to enhance the skills of existing workforces. They also prepare new talent for future roles. Such efforts are vital for the sustained growth of the Indian IT industry. They ensure a steady supply of qualified AI and Big Data Analytics talent.

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