AI & ML Roles See 39% Surge as Businesses Embrace Specialized Tech Skills

CIOTechOutlook Team | Tuesday, 24 December 2024, 09:35 IST

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The demand for roles in Artificial Intelligence (AI) and Machine Learning (ML) surged by 39 per cent, reflecting a shift towards more specialised skill sets as organisations prioritised these technologies.  There was notable growth in IT hiring within Tier 2 cities, which saw an impressive 48 per cent increase during the third quarter of 2024, indicating a trend of geographic diversification of job opportunities beyond traditional tech hubs.

Hiring for professionals with mid- to senior-level experience increased by 35 per cent, suggesting that companies favour experienced candidates amid market fluctuations. The hiring landscape for fresh graduates remained subdued, with growth rates ranging from 2-15 per cent across various tech sectors, data from TeamLease Edtech showed.

Companies often delayed onboarding campus hires due to uncertain deal flows, which industry leaders believe was particularly influenced by the global political climate surrounding major elections. As India moves into 2025, there are encouraging signs that the IT hiring landscape may rebound significantly.

"In 2024, fresher hiring remained muted in general with several companies also choosing to delay the onboarding of their campus hires. This may change as the deal flow for large projects is expected to return in early 2025. The first set of deal flow will benefit the large players and as the buyer sentiment improves, the tier 2 and 3 players can expect a rise in orders," Jaideep Kewalramani, COO and Head of Employability Business at TeamLease Edtech, said.

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