Pharma, FMCG, oil and gas lead hiring for AI/ML roles
Financial Express Chennai|December 16, 2024
PHARMACEUTICALS, FMCG, AND oil and gas were among the top hirers for niche profiles like artificial intelligence/machine learning (AI/ML), cybersecurity, cloud computing, data science and big data analytics and blockchain in 2024.
URVI MALVANIA

Due to the increasing demand for these profiles, and the shortage of experienced talent, companies led by GCCs (global capability centres) paid up to 30% higher salaries for these profiles, bringing the average pay appreciation to around 20% over 2023, staffing experts said.

"From 2023-2024, super-niche tech skills such as AI, ML, Cybersecurity, Data Science, and Blockchain experienced substantial pay increases, with compensation rising by 15-20%. This growth is primarily driven by the high demand for these specialised skills and the limited availability of qualified talent in these fields," Krishna Vij, vice-president, TeamLease Digital, said.

Apart from sectors like automobile and banking and financial services, segments like pharma/biotech, FMCG, and oil and gas emerged as significant hirers for these profiles.

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