The demand-supply gap for skills affected the industry’s performance in 2018, due to shortage of 140,000 skilled techies for 500,000 jobs in the industry across verticals.
Going forward, the industry will face a shortage of 230,000 skilled techies as jobs in AI and Big Data are estimated to be 780,000 by 2021, said Nasscom, the industry’s apex body.
As the demand for disruptive technologies like Artificial Intelligence (AI) and Data Analytics grows, shortage of a skilled IT workforce to run them is posing a challenge to the stake-holders .
“There is an urgent need to re-skill about 50 per cent of India’s IT workforce, as demand for it in new technologies remains unmet,” Nasscom’s IT-ITeS (IT enabled Services) Sector Skills Council chief executive Amit Aggarwal said.
The National Association of Software and Services Companies (Nasscom) is the apex body representing the country’s IT and business process management (BPM) industry.