This trend is creating a favorable environment for IT freshers with AI/ML skills, who are finding themselves in high demand and experiencing significant salary hikes. The report highlights that the average salary for IT freshers with AI/ML skills has increased by 15-20% in recent years, a substantial jump that is outpacing the overall industry average. This growth reflects the growing importance of these skills in the tech landscape, making them highly sought-after by employers. Furthermore, the report emphasizes that the demand for AI/ML professionals is expected to grow exponentially in the 2024, surpassing the demand for traditional IT roles.

GCCs are often located in major cities like Bangalore, Hyderabad, and Pune, where they house a large pool of skilled professionals. These cities are known for their robust IT infrastructure, strong academic institutions, and a thriving startup ecosystem. The rise of GCCs in India has been fueled by several factors, including the country’s favorable government policies, a skilled workforce, and a cost-effective business environment.

Data Science | Salary: Rs 12.5 LPA Data scientists are responsible for extracting insights from data, building predictive models, and communicating findings to stakeholders. They play a crucial role in various industries, including healthcare, finance, and technology. 5.

CNCs, with their focus on specific AI applications, are poised to become the future of specialized expertise. ## Global Capability Centers (GCCs): Evolving into Innovation Hubs

Global Capability Centers (GCCs) have transformed from traditional outsourcing hubs into sophisticated innovation hubs, spearheading technological advancements across diverse industries. The shift in GCC focus is driven by the rapid evolution of technology, particularly the rise of Generative AI, AI Chips, and Quantum Computing. These cutting-edge technologies offer significant potential for transforming business operations, creating new products and services, and unlocking unprecedented efficiencies. **GCCs as Drivers of Technological Advancement:**

GCCs are at the forefront of harnessing the power of these emerging technologies.

This surge in demand is driven by the burgeoning digital economy, the rapid adoption of technology across various sectors, and the increasing need for skilled professionals to navigate the complexities of these fields. The Indian tech sector is experiencing a significant talent gap, with a shortage of qualified professionals in these high-demand areas. This gap is further exacerbated by the lack of adequate training and education programs tailored to meet the industry’s evolving needs.