To play role in talent hiring, expected to double in 2019
BENGALURU — With digital businesses becoming key for many companies, India Inc will step up hiring of technology talent in the New Year. To boot, hiring of digital talent and technology talent will double in the year ahead as businesses and customers need change and newer technologies come into play.
Industry experts told The Economic Times in a recently published article that sectors such as automobile, banking and financial services, consumer goods, manufacturing and pharmaceutical will contribute to the high demand for talent in technology and digital.
Automobile companies, for example, Mahindra & Mahindra, are at the forefront of industries that are witnessing an increased demand for talent in automation and digital space. M&M is actively looking at hiring talent with technology expertise in AI (artificial intelligence), an expert said.
In the banking and finance space, technology hiring is aligned to business strategies as the focus shifts to mobile. A senior executive at Axis Bank said they are hiring quite a bit in technology adding that the thrust areas will be digital payments and mobility. “If overall it’s x, it will be 1.5-2x for such roles,” he told ET in the article.
Just which are the areas within technology that will see stepped up hiring?
Indian companies in traditional sectors like agriculture, petroleum, pharma, transportation and legal are aggressively hiring technology talent to stay ahead of the curve in the face of digital disruption.
According to a LinkedIn research, the pace of hiring digital talent in these sectors is five times higher than that of their overall hiring. “As the technology keeps changing at a very fast pace and with new innovations coming up in this arena, it is important for us to be ahead of the curve,” said Prince Augustin, executive vice-president-group human capital & leadership development, Mahindra & Mahindra. “Thus the pace of hiring of digital talent is greater than that of the overall hiring.
There would be an exponential increase in hiring in advanced digital technologies such as robotics and cognitive automation, block chain, decision science, machine learning, natural language processing, artificial intelligence, design thinking, enterprise architecture, mobile, cloud and digital transformation consulting and solutions specialists.
Some of the roles that are in focus include digital solution architects, business analysts and domain SMEs, design and architecture experts, analytics leads, advanced technologies developers, product managers, digital transformation consultants, data science & data governance experts and information security experts.
Given that many of the emerging technologies are less than a few years old, experienced talent in these areas is limited and in high demand.
The Mahindra Group is looking for talent from niche AI consulting firms, consumer Internet and technology firms, banks as well as top national and international universities. Fresh graduates with niche specialisations like deep learning and AI for business, are another talent pool that the company is looking for.
“Technology and digital today cut across multiple functions and industries. Traditional businesses have no choice but to ramp up digital and new technology talent to enhance productivity and ensure ease of business,” said K Sudarshan, managing partner, India, at EMA Partners, an executive search firm in another newspaper report.
— Sufia Tippu is a freelance tech journalist based in India contributing to EE Times India