With the global surge in demand for data analytics, companies are actively searching for skilled professionals in this field, and India is emerging as a leading hub. According to Cornerstone’s Global State of the Skills Economy Report 2024, India boasts 17.4% of job postings seeking data analytics expertise from January to July this year, significantly outpacing other countries.
The report indicates that over the past five years, the percentage of job postings related to data analytics has skyrocketed by 52%, underscoring the importance of data in shaping business strategies. The United States follows with 8.8% of job postings dedicated to this area.
The growing emphasis on data analytics aligns with the rapid advancements in artificial intelligence (AI), which has experienced a 65% rise in job demand over the same period. India leads in AI and machine learning (AI/ML) job postings, holding 4.1% of the market share, followed by Germany at 2.5% and Japan at 2.2%. This trend reflects India’s expanding influence in the global AI landscape and its commitment to developing AI/ML skills.
A remarkable highlight from the report is the 411% increase in job postings related to Generative AI (GenAI) after the release of ChatGPT-4 in early 2023. This surge emphasizes the urgent need for a workforce proficient in AI applications. Companies must not only recruit new talent but also invest in reskilling their current employees to harness these technological advancements effectively.
Despite significant technological progress, the demand for essential human skills remains strong, even surpassing the need for digital skills across various regions. Nishchae Suri, Managing Director of Cornerstone India, noted that as Generative AI transforms roles across industries, leadership, creativity, and ethical judgment will be vital in translating technological potential into real-world success.
The report, developed by SkyHive in conjunction with Cornerstone, analyzed job postings, resumes, and government data across over 150 countries. It emphasizes that companies can maintain a competitive advantage by actively addressing skill gaps and fostering continuous learning, ultimately enhancing productivity and profitability.
