A subset of AI, Generative Artificial Intelligence (Genai) is experiencing explosive demand in highly competitive job markets across sectors around the world.
According to a report by Stufficing Firm Cornerstone Ondemand Inc., Genai-related job offers have risen 411% overall in 2019. Additionally, AR and VR jobs have increased by 154%, and since 2019 the share of automation and robotics job openings has increased by 36%.
According to Skyhive data from Cornerstone, India has 4.1% of job openings focused on AI/ML, with almost 18% of data analytics jobs, reflecting the growing role in the global AI landscape from January to July 2024.
India also ranked second in the first half of the current calendar year with 0.66% of employment challenges.
The organization wants to be an early adopter of Genai technology. In particular, the surge in demand for Genai skills is not just a technical matter. Industry such as financial services, pharmaceuticals, and banking are also using AI to operate.
By automating the analytics of a vast dataset, Genai gradually revolutionizes customer segmentation and personalized content creation, leading to more targeted and effective campaigns. Finance optimizes risk management and fraud detection through predictive analytics. At HR, Genai streamlines talent acquisition by automating resume screening and enhancing employee engagement with AI-driven feedback systems.
However, the demand for human skills, such as leadership, communication, and emotional intelligence, or soft skills, consistently outweighed the need for digital skills across the region (UK, India, Australia, New Zealand, Germany, Spain, Italy, France, Japan).
In Asia, 21% of employers were looking for human skills in the first half of the current calendar year following Cornerstone's Skyhive data, while 15.34% of employers were looking for digital skills.
In North America, human skills are 2.4 times higher, and in Europe, 2.9 times higher than digital skills, data says.
“While we can never fully predict the future, history continues to be an important guide to understanding how technological advancements reshape the demands of industry and skills,” says Dr. Bledi Taska, head of analytics at Skyhive at Cornerstone.
Additionally, the report highlights a 40% surge in demand for remote or flexible work in Australia, New Zealand and the Western countries. Australia and Germany had 22.8% and 21% of job openings looking for remote or flexible workers. However, in India, only 6.3% of employers have been looking for remote workers in the past six months.
According to the report, digital platforms such as Instagram, Tiktok, Uber and Upwork have made individuals more flexible work opportunities easier.
Millennials and Gents in particular prioritize flexibility and work-life balance over the previous generation, the report added. s. For example, 22% of Gen Z are classified as Neets (not employment, education, or training), with 53% doing freelance jobs, indicating a transition from traditional career-based roles.
