Aditya Chopra is looking for something other than a new job or position, but several recruiters are calling anyway. This 36-year-old data science specialist finds working with artificial intelligence to be his most fulfilling experience to date, especially in light of OpenAI’sChatGPT breakthrough.
Aditya Chopra, who works outside of New Delhi, has observed his colleagues in the field receiving wage increases of up to 35% to 50% if they change employment. According to him, there is a real shortage of talent for AI and data talent.
An AI hiring trend is going around the globe, from Europe to Asia to Silicon Valley and beyond. While tech behemoths like Google and Baidu are prepared to offer top-notch packages to the engineers so they can create their own AI engines, businesses in other sectors, from finance and health care to entertainment, are working so that they can avoid being blindsided by the sudden shifts in their industries.
In India, perhaps more than the country, it is being illustrated that the need for talent is continuously outstripping the supply. The county, which comprises 1.4 billion people, has been the back office for the tech industry for a very long time, and they also act as a source of reinforcement for any emergency.
But in the current scenario, even the world’s most populous nation needs more data scientists, skilled engineers, and machine learning specialists; that is what the major companies are in need and looking for.
Rahul Shah, the co-founder of Walk Water Talent Advisors and a well-known head-hunter for all high-level employees, claims that there is an endless demand for excellent talent, and at the current time, AI cannot be outsourced as its core to the organization.
Most of the recruitment stories that we come across nowadays are on the verge of being absurd. In one of their various searches, the new employers handled by the Shahs firms doubled the amount of what would be paid to the candidate.
Chief Technology Officer of Flexcar Freedom, Dumlao, questioned one of the engineers and discovered that one of their rival suitors had promised him a BMW motorcycle as a sign-on prize. Dumlao said that this was a line he needed to be more comfortable approaching.
The tech industry here in India is majorly built on the plentiful supply of workers, which is affordable. Companies like Tata Consultancy Service Ltd invented the model for modern outsourcing in which engineers are tapped by Western companies halfway around the world to handle services, support, and software, which comes at a typical cost of a fraction of the cost of the local workers.
According to the trade group Nasscom, more than five million people are employed in the tech sector of India. Major powerhouses like Microsoft Corp., Google, and Amazon.com Inc. are setting up their operations in India and hiring locals by thousands. Google, which is now part of Alphabet Inc, started its operations in the country with only five people in 2004, employing more than 10,000 people.