A major challenge in unlocking the full potential of artificial intelligence (AI) is access to skilled talent, a problem that even India, with one of the largest AI talent pools, is grappling with.
While numerous reports highlight that India ranks among the global leaders in AI, machine learning (ML), and data analytics talent, there is still a significant shortage. Many companies are struggling to find the right expertise.
According to Nasscom's State of Data Science & AI Skills in India report, the current AI skills gap in India stands at 51 per cent.
There is a higher demand-supply disparity for roles such as machine learning engineers, data scientists, DevOps engineers, and data architects. Here, the demand-supply gap is between 60 and 73 per cent.
Experts and industry players told Business Standard that there is an urgent need for industry-academia collaboration.
What is also crucial is that educational institutes must also gear up for research in AI. According to a recent report by Change Engine — an AI accelerator — when it comes to paper contribution in top AI conferences, India's rank is 14th and its global share is a mere 1.4 per cent. Compare this to the US and China, which dominate AI research with 30.4 per cent and 22.8 per cent share, respectively.
The report also highlights that top institutes contributing papers to mega AI conferences include IISc Bangalore, IIT-Bombay, IIT-Madras, IIT-Delhi and IIIT-Delhi.
The report also recommends that the country needs to build capacity in AI basic research.
It also recommends that India must aim for at least 5 per cent of global contribution in the next three-five years. It also said that research in AI — which is concentrated among the top 20 institutions in the country — should focus on exponentially increasing capacity.
When it comes to AI-focused courses, too, Indian institutes are just about ramping up their offerings.
Bu hikaye Business Standard dergisinin October 03, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin October 03, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Industry bodies urge FinMin to ease TDS rate structure
Proposal seeks to lessen compliance burden on taxpayers and avoid litigation
After SC rap, Centre doubles penalty for stubble burning
Burning issue
Proactively made all disclosures, recusals: Sebi WTM on Cong's charges
Ananth Narayan, whole-time member (WTM), the Securities and Exchange Board of India (Sebi), has responded to allegations of conflict of interest due to personal investments.
Market regulator may water down skin-in-game rules for MF executives
The Securities and Exchange Board of India (Sebi) has shown intent to relax the skin-in-the-game norms applicable to senior executives of the mutual fund (MF) industry.
MSCI adds 5 Indian stocks to key index
MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weighting on the index to 20 per cent, further narrowing the gap with China.
Trump's triumph: Will bulls run amok and gold, silver sparkle?
Top brokerages highlight opportunities, risks, and contradictions the new administration may offer
REIMAGINING ROLE OF AGRICULTURE
In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics
Inside the world of mad billionaires
Two things about this book and its authors. One, this is the most unputdownable non-fiction that I have read this entire year.
Funding education
Easy financial assistance is not enough
Policy approach
RBI is acting selectively and with care
