Demand for big data analytics skills will race into peak this year: Monster

Around 96% of companies are mulling to hire new talents to fill the big data analytics-related roles in 2022, says the lastest Monster report. This will be the most in-demand role this year as data science, cloud computing and machine learning skills have captured most of the e-recruitment market.  

With rapid tech adoption across industries and entirely tech-enabled sectors such as IT and BFSI, the role of AI and machine learning will only continue to grow in 2022, with a significant increase in the demand for related roles.  

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Industry reports further suggest that artificial intelligence-machine learning investments in India will continue to grow at a CAGR of 33.49% till 2023. 

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To boost customer engagement, more and more organisations are adopting chat-bots which are forecast to empower approximately 45% of organisations’ customer support services by 2022.  

Roles in learning & development, travel, consumer analysis and lead nurturing will witness a spike in demand, in this regard.  

The Indian fintech market expanding rapidly, and is estimated to become the third largest market in the world by 2025.  

The future holds increased digitization and digital adoption opportunities across the industry, with a positive outlook for talent demand in the sector.  

Indian IT has continued to hire through the course of the pandemic, and will exhibit similar trends in 2022. It is encouraging to note that the IT industry is forecasted to grow 7% in the current year, and likely to see a gross employee addition of around 450,000 in the second half of FY22.

The demand for skilled manpower or professionals adept in digital skills is likely to witness a surge in industries such as BFSI and new sectors such as crypto.  

The top skills organizations are on the lookout for are data science, cloud computing, artificial intelligence, blockchain, and machine learning.  

“The year 2021 was definitely a year of recovery. As we step into the new year, we are optimistic about paving the way for better employment opportunities in 2022. The future of work is location-agnostic and hybrid, with increased skilling initiatives being undertaken by both employers and employees.  

Further, leading tech-enabled industries such as IT, fintech, BFSI, and crypto will continue to flourish with talent demand spikes. It is also interesting to note that employee flexibility would be critical towards retaining talent in the future, and the Great Shuffle is a reinforcement of how the huge demand in the jobs market is opening the door for employees to select a career of their choice,” said Sekhar Garisa, CEO, Monster.com, a Quess company.