New Delhi: A report released on Monday indicates that the artificial intelligence (AI) industry is set to exceed 2.3 million job vacancies by 2027. According to Bain & Company, enhancing the skills of the current workforce is essential to address the increasing demand in the nation. The report forecasts that India’s AI talent pool will reach approximately 1.2 million, creating an opportunity to reskill over 1 million employees.
“India has a unique opportunity to position itself as a global AI talent hub. However, by 2027, the job openings in AI are expected to be 1.5-2x of the talent availability. The challenge — and opportunity — lies in reskilling and upskilling a significant portion of the existing talent base on emerging technology tools and skillsets,” said Saikat Banerjee, Partner and leader in Bain & Company’s AI, Insights, and Solutions practice in India.
Mr Banerjee noted that while “AI talent shortage is a significant challenge, it is not invincible”.
“Addressing it requires a fundamental shift in how businesses attract, develop, and retain AI talent. Companies need to move beyond traditional hiring approaches, prioritize continuous upskilling, and foster an innovation-driven ecosystem,” he said.
AI-related job postings worldwide have increased by 21 percent each year since 2019, with salaries rising by 11 percent annually during the same timeframe. However, the number of qualified candidates has not kept up, leading to a growing talent gap that is hindering global AI adoption.
Almost half (44 percent) of executives identified a shortage of in-house AI skills as a significant obstacle to the implementation of generative AI. This talent gap is projected to continue at least until 2027, with varying degrees of impact across different markets.
The report forecasts that in the US, half of AI job positions could remain unfilled by 2027. In the next two years, demand for AI jobs in the US could exceed 1.3 million, while the supply is expected to be under 645,000, indicating a need to reskill around 700,000 workers in the country.
Germany is anticipated to experience the largest AI talent shortage, with approximately 70 percent of AI roles unfilled by 2027. With only about 62,000 AI professionals available for 190,000 to 219,000 job openings, there is a significant opportunity for reskilling in Germany.
The UK may also face talent shortages exceeding 50 percent, with only 105,000 AI workers available for up to 255,000 AI positions by 2027.
Likewise, Australia is projected to have a deficit of over 60,000 AI professionals by 2027, with just 84,000 specialists available for up to 146,000 jobs, according to the report.
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