Why Talent Shortage In AI May End Soon

Organisations across the world are witnessing talent shortage in AI and are struggling to hire competent employees in this ever-changing landscape. Since every company is striving for a data-driven approach, there is a rise in the integration of technologies such as artificial intelligence, data science, among others, to achieve business objectives. However, the absence of superior talent in the market is impeding the growth of firms. In fact, research tells us that 85% of AI projects fail due to risk, confusion and lack of upskilling in the employees. "It is very challenging to get excellent developers in the space even though AI and Data Science has been the most sought-after skill," says Gaurav Mehrotra, vice president and head of business data solutions at Innoviti Payment Solutions. A recent report published by noted online learning platform Coursera states that out of the 45 million learners on the platform, two million enrolled in AI-based content in 2019.