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February 6, 2024

Companies see training as best way to fill demand for AI talent, say educators

The growing demand for skilled professionals who can understand and work with Artificial Intelligence (AI) is becoming increasingly evident. This is because AI plays a more prominent role in different industries, and businesses rely on it more to stay competitive. As it is, there’s a greater need for people who can handle the intricacies of AI technology. Bhavesh Goswami, founder, and CEO of CloudThat, emphasizes the crucial role of upskilling existing employees to stay competitive amidst the accelerating pace of AI advancements.

Goswami highlights that as AI becomes increasingly integral to organizational success, the traditional approach of selective hiring is no longer sustainable. Instead, companies are focusing on empowering their current workforce with the necessary skills to thrive in the era of AI. Engineers and IT professionals are being encouraged to undergo training to become proficient in areas such as gen AI, AI, and ML engineering. 

There is a 74% growth in roles related to AI and machine learning. This underscores the importance of professionals possessing technical knowledge and edge but also being adept at applying AI technologies innovatively across various domains. Moreover, there has been a notable increase in corporate-sponsored AI education programs, indicating a proactive approach by organizations to future-proof their workforce.   

Goswami points out that Chief Technology Officers (CTOs) actively engage in upskilling initiatives, particularly Microsoft’s gen AI capabilities. He emphasizes the significant benefits of gen AI as a copilot, including increased productivity, reduced bugs in production, improved customer retention, and faster time-to-market for new products or features. 

In response to the growing demand for skilled AI professionals, companies are strategically partnering with specialized corporate training partners. These partnerships aim to equip employees with niche AI technologies, enabling them to contribute effectively to competitive and advanced gen AI projects. 

Leaders across industries recognize upskilling as not just a necessity but a strategic imperative for staying relevant, outpacing competitors, and reinventing their businesses. As AI technology continues to evolve, companies must commit to ongoing learning and establish long-term partnerships with AI training institutes to ensure their workforce remains adept at leveraging the latest advancements in the field. 

Read more on this article from The Economic Times