India's technology industry is currently undergoing a significant transformation, driven by a growing demand for automation and technical skills such as big data analytics, artificial intelligence, blockchain, machine learning, and cybersecurity, according to a report from global recruitment firm Michael Page India. The report highlights a substantial increase in demand for talent with expertise in these areas during the third quarter of 2023, with growth rates ranging from 28-30% compared to the previous two quarters.
Artificial intelligence, in particular, is playing a pivotal role in transforming various sectors, and companies are actively seeking top talent to leverage the potential of this technology. This high demand extends to mid to senior-level professionals who can drive innovation in AI applications.
Pranshu Upadhyay, Regional Director of Michael Page India, emphasized that the role of Chief Technology Officer (CTO) is evolving significantly. Modern-day CTOs are now expected not only to execute technical tasks but also to provide visionary and forward-thinking perspectives, aligning technology strategies with business goals.
In addition to hard IT skills, the report underscores the growing importance of soft skills in the tech industry. Effective communication and strong interpersonal abilities are gaining prominence even at the mid and junior levels of tech roles, emphasizing the need for a holistic approach to talent development in the sector.
Michael Page, a prominent global recruitment firm, has been operating in India since 2011. With over 200 specialist recruiters, the firm focuses on filling mid to senior-level positions across 11 different disciplines. Their observations reflect the dynamic landscape of India's tech industry, where digital transformation and technological innovation are driving demand for a diverse range of technical and leadership skills. This growth in demand signifies India's pivotal role in the global technology ecosystem and its commitment to staying at the forefront of technological advancements.