AI/ML and analytics lead job market, reveals Indeed-Nasscom report

The world of work is undergoing a rapid transformation, driven by technological advancements, changing employee expectations, and macroeconomic uncertainties.

To explore the future of Jobs, Workforce, and Workplace, Indeed and Nasscom launched the fourth edition of their Future of Work report – Balancing Priorities in an AI-driven World at Indeed’s flagship event, FutureWorks 2024. The report highlights key trends in the job market, the role of AI in recruitment, and updates to simplify, accelerate, and humanise hiring processes.

Future of work: AI, Analytics, and Cloud are the “holy trinity”
Increasing integration of technology into workstreams is fundamentally reshaping traditional job roles. With the increasing adoption of AI across organizational functions, AI/ML and Analytics continue to dominate as the most in-demand job family, while Cybersecurity has overtaken Cloud to become the second-most sought-after domain.

Workplace evolution: Hybrid models and the gig economy on the rise
While the future of work remains predominantly hybrid, the return to office is gaining momentum, with the average time spent in the office increasing by 1.2x. Key drivers of this shift include the need for stronger cultural connections, enhanced cross-team collaboration, improved employee engagement, increased leadership interactions, role-specific or customer-driven requirements, and a more immersive learning experience.

Further, there has been a noticeable increase in willingness among both the current and future workforce to embrace the gig model. Approximately 35% of each group expressed openness to gig opportunities, a significant rise from 23% for the current workforce and 28% for the future workforce in the previous year. Indeed