Fierce artificial intelligenceAI talent war shifts to India with salaries being doubled

Home improvement retailer Lowe’s Cos Inc.’s captive tech center in Bangalore helps embed AI into its products, and all its technology will be built “AI first,” said Ankur Mittal, managing director of Lowe’s India. For instance, the team’s predictive algorithms help decide pricing, and fine-tune search features on Lowes.com. The Bangalore hub’s AI-powered computer vision uses videos and imagery from store cameras to help address shoplifting and analyze store footfalls. SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions. ERI’s compensation data are based on salary surveys conducted and researched by ERI.

Flexcar’s team of 60 engineers helps build AI applications to automatically detect damage when vehicles are returned. The startup has embraced ChatGPT and is piloting a chatbot to help technicians diagnose and fix vehicles by querying trained bots. It produces 16% of the world’s AI talent pool, placing it among the top three talent markets with the US and China. “The increase in headcount will see Databricks India expanding its local team of technical specialists, sales and support engineers, and go-to-market resources to support our customers’ success,” Bhasin said.

Chief Information Technology Officer Pay Difference by Cities

Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc. Quickly search for salaries in other careers and locations in our salary database. The chart shows the base salary for Chief Information Technology Officer ranges from ₹5,700,429 to ₹13,436,273 with the average base salary of ₹9,038,257. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. The base salary of the Chief Information Technology Officer may get paid difference by industry, location, and factors. Broadcom Inc. is a global infrastructure technology leader built on 50 years of innovation, collaboration and engineering excellence.

Companies like Tata Consultancy Services Ltd invented the model for modern outsourcing, in which Western companies tap engineers halfway around the world to handle support, services and software, typically at a fraction of the cost of local workers. There are now more than five million people employed in tech services in India, according to the trade group Nasscom. There are about 416,000 people working in AI and data science in the country —- and demand for another 213,000, according to Nasscom’s estimates. “The proportion of unfilled job roles is approximately 51 per cent of the current installed talent base,” it said in a February report, flagging the crunch as a risk to growth. Philip Fasano worked in the IT departments for a number of financial services companies over his career, including Capital One Financial, JP Morgan Chase, and Deutsche Financial Services, before moving to the HMO Kaiser Permanente to take on the EVP and CIO role. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company.

• IBM CEO Arvind Krishna recently said his company could reduce around 7,800 jobs, mostly back-office roles, with AI in the next five years.
• Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses.
• With a PhD-level research team in house, SalaryExpert, provides up-to-date salary and compensation data.
• India has the second largest pool of highly-skilled AI, machine learning and big data talent, according to the February report by Nasscom, after the US.
• He has been hunkering down in Bangalore for the past three months trying to assemble a team of data engineers and computer-vision specialists for the startup’s data science hub in the city.

More broadly, as data centers have taken advantage of all this compute capability being spread out in a distributed computing approach with computers connected by the network, Broadcom is at the center, providing the plumbing that enables everything to work as it should. That sort of challenge drives my team to find new ways to think about how to democratize networking by increasing performance while driving down costs. In fact, we’ve successfully been able to double the bandwidth of our chips, going from 3 terabits to 6 terabits to 12 terabits to 25 terabits to 50 terabits. Quite a feat when you think about it, one that’s helped to drive down both energy consumption and price. One of my managers always said that innovation “has a shelf life.” In other words, you can think all day long about innovation, but if you don’t execute, it’s worthless. Databricks, according to Bhasin, has more than 100 partners in India and has tripled its partnership ecosystem since last year.

Average Chief Executive Officer (CEO) Salary in India

India, perhaps more than any other country, illustrates how the rush for talent is outstripping supply. The country of 1.4 billion people has long been the back office for the tech industry, a source of reinforcements for any emergency. But now even the world’s most populous nation is running out of the data scientists, machine-learning specialists and skilled engineers that companies are looking for.

Aditya Chopra isn’t looking for a new job, but recruiters keep calling him anyway. The 36-year-old data-science specialist works in artificial intelligence, perhaps the most coveted experience on the planet after OpenAI demonstrated the breakthroughs of ChatGPT. Chopra, who works outside of New Delhi, sees friends in the field get pay hikes of 35 per cent to 50 per cent each time they switch jobs. He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. In one search Shah’s firm just handled, the new employer more than doubled a candidate’s pay. Freedom Dumlao, chief technology officer of Flexcar, interviewed one engineer who said a rival suitor had offered him a BMW motorcycle as a sign-on bonus.

• Only an organization with innovation in its DNA could be successful with challenges of that magnitude.
• India, perhaps more than any other country, illustrates how the rush for talent is outstripping supply.
• ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the company’s Asia Pacific Middle East region.
• In the first three months of 2023, asset manager AllianceBernstein Holding LP, car rental company Avis Budget Group Inc., entertainment conglomerate Warner Bros.

She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. Poulter’s stay at Starwood was relatively brief—in January of 2018 she jumped ship to become CIO at Royal Caribbean Cruises—but was lucrative, as her place on our list attests. A CIO’s salary is nothing to sneeze at, but salary alone doesn’t tell the whole compensation story. Only an organization with innovation in its DNA could be successful with challenges of that magnitude. Broadcom is that organization and realizes that innovation requires execution to be successful.

In 2012 he became SunTrust’s CIO, where he worked to unify a siloed technology department. Dumlao of Flexcar, a Boston-based car subscription startup, says that’s not enough. He has been hunkering down in Bangalore for the past three months trying to assemble a team of data engineers and computer-vision specialists for the startup’s data science hub in the city.

What Do Chief Operating Officer (COO)s Do?

Deborah Butler has a background in a number of disciplines that she exercised in nearly 40 years at Norfolk Southern, ranging from operations to regulatory environment to strategic planning. She reached the EVP level in 2007, but like several other entrants in this list, she manages to be one of the top paid tech executives despite having retired several years ago. She left Norfolk Southern in 2015, but still receives deferred compensation of various sorts; most of it takes the form of retirement benefits, which are generous enough to put her at number 11 on our list.

Leadership skills are needed, as the CTO will often lead teams of people in the information technology department. Compensation Data Based on Experience The average cio gross salary in India is ₹64,31,369 or an equivalent hourly rate of ₹3,092. Salary estimates based on salary survey data collected directly from employers and anonymous employees in India. An entry level cio (1-3 years of experience) earns an average salary of ₹44,18,061. On the other end, a senior level cio (8+ years of experience) earns an average salary of ₹82,84,695.

India is certain to benefit from the rush to high employees who understand this new world. In the first three months of 2023, asset manager AllianceBernstein Holding LP, car rental company Avis Budget Group Inc., entertainment conglomerate Warner Bros. Discovery Inc. and aircraft engine maker Pratt & Whitney set up R&D hubs in Bangalore, joining the likes of Goldman Sachs Group Inc. and Walmart Inc. “The proportion of unfilled job roles is approximately 51% of the current installed talent base,” it said in a February report, flagging the crunch as a risk to growth. Companies like Tata Consultancy Services Ltd. invented the model for modern outsourcing, in which Western companies tap engineers halfway around the world to handle support, services and software, typically at a fraction of the cost of local workers.

“On the demand side, as India is moving towards a $5 trillion economy, a huge amount of data is generated daily in the public and private sectors. This data must be combined from different sources, organized, and cleaned before making it available for analytics. These are target markets for Databricks and these markets are seeing acceleration due to generative AI,” Jain said. “We are investing big time in India as it is one of the key markets for the company and therefore we plan to grow our 250-strong workforce in India by at least 50% in 2023,” said Anil Bhasin, vice president of India and South Asia at Databricks. He took on the CTO role at T-Mobile in 2010, and has helped transform its wireless network quality from an embarrassment to a selling point. Martha Poulter worked her way up through the IT department at GE over two decades, starting out as a systems analyst before eventually becoming CIO and VP in 2010.

Based on our compensation data, the estimated salary potential for CIO will increase 53 % over 5 years. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Chief Information Technology Officer position that you can in India. This starting salary of the Chief Information Technology Officer position will become the basis for all future increases while you are employed at the firm.

Currently, the Databricks’ India division, which started operations in 2019, mirrors the global organization in skills and the staff is distributed among divisions such as sales, solutions architecture, delivery, channel focus, customer support, and marketing. ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the company’s Asia Pacific Middle East region. After getting master’s degrees in both India and the U.S., Chandrashekar worked as COO for the Sterling Infotech Group of companies. He joined Manpower in 2008 and in 2012 was put in charge of IT, with the goal of improving operational performance with a metric-oriented framework. He began his current role in 2014, aiming to drive operational excellence for Manpower IT worldwide Chandrashekar’s compensation is somewhat inflated by special payments he received to compensate for taxes he owed on income earned while living in the U.S. in previous years.

A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount. Data lakehouseprovider Databricks is doubling down its investments in India and plans to increase its headcount in India by at least 50% while opening a new research and development (R&D) hub in Bengaluru, a senior company official said. Conduct technical reviews of products or solutions to compare and evaluate their applicability. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. Take IDC’s ERP Modernization Maturity Assessment to benchmark your organization’s progress against your peers. Matt Carey has worked at Home Depot for nearly a decade and oversees all aspects of IT infrastructure and software development for its sprawling network of stores and distribution centers, as well as the corporate website and supply chain.

Continued worries about the cio salary in india of the US regional banks, which dragged Wall Street down on Thursday night, also contributed to declines. White Papers Check out our white papers for the latest national compensation forecast and more Webinar Recordings Our webinar recordings explore various compensation topics and explain our products.

Consider these factors before you decide which Chief Information Technology Officer job is right for you. Little did I know at the time but I ended up in the right place at the right time. Not only was the new executive team intent on maintaining Broadcom’s technical reputation, but they came in primed to invigorate Broadcom’s tradition of innovation. They kept the Broadcom corporate name to maintain continuity with that storied past as a global infrastructure technology leader built on 50 years of innovation, collaboration and engineering excellence. Now, seven years later, I’m still here and running the company’s switching and routing business.

India has long provided tech firms with a source of specialists able to work for low costs, but demand now far outstrips supply, with the country needing a further 213,000 data specialists to reach anticipated demand, according to industry group Nasscom. The squeeze has led to an AI hiring frenzy around the world, with some companies offering such eye-watering incentives as bonus BMW motorcycles to lure talent. Mahapatra, Forrester’s adviser to global chief information officers, anticipates years of rising demand for skilled workers.

Mike McNamara began his tech career at British retailer Tesco in the late ’90s, helping roll out its website and overseeing its IT and supply chain businesses, then expanding the company’s operating model outside the UK. In 2015 he jumped ship to join the executive team at Target, and currently has umbrella authority over most of that company’s tech initiatives, from developing long-term tech roadmaps to overseeing the company’s website and the in-store technology. Adriana Karaboutis cut her teeth at GM, where she worked for more than 20 years on projects related to computer-integrated manufacturing and supply chain operations, eventually moving to a service-oriented architecture. After a stint as a CIO at Dell, she moved to Biogen in 2014, where her task was to address “the mismatch between the structure of the company’s existing technology organization and the business goals” of the CEO. While her work at Biogen in 2017 qualified her for this list, she in left in May of that year to take up a new job at National Grid, overseeing their use of AI and IoT devices.

Martin Lippert is a longtime tech exec in the financial services industry, with stints at Freddie Mac, Mellon Bank, Royal Bank of Canada, and Citigroup before his current job at MetLife. At RBC, he helped launch one of the first internet-based cash management services. At MetLife, his role spans both customer-facing tech and internal operations and security, and he’s in charge of planning digital strategy as well. The average Chief Information Technology Officer salary in India is ₹9,038,257 as of March 18, 2021, but the range typically falls between ₹5,700,429 and ₹13,436,273. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.

Their work is essential to project a favorable company image while saving money in every way possible. An AI hiring frenzy is ricocheting around the world, from Silicon Valley to Europe, Asia and beyond. While tech giants like Google and Baidu Inc dangle top-notch packages for the engineers to build their own AI engines, companies in almost every other field — from health care and finance to entertainment — are staffing up too, to avoid getting blindsided by shifts in their industries.