Demand for artificial intelligence and machine learning specialists in the country is expected to see a 60% increase this year due to the increasing adoption of automation, as per a report by KellyOCG India.
What does the AI job landscape in India look like?
Artificial Intelligence is influencing people and businesses on a massive scale and has become indispensable. The Artificial Intelligence Industry in India is currently estimated to be US$ 230 million (annual) in terms of revenue, up from US$180 million a year ago.
According to an IDC report commissioned by Intel India, over 68% of Indian firms are all set to adopt AI by 2020.
These companies include product companies (chatbots, AI-powered visual search and recommendation engines) and services firms offering either offshore, recruitment or training services.
The number of companies setting up dedicated AI teams in India is growing by 30% annually.
Which industries should Artificial Intelligence employees go for?
Businesses are exploring the scope and utility of AI to devise new products and processes to gain a competitive advantage by saving costs and time. AI is already an essential part of companies in sectors like IT, BFSI, healthcare, fintech, and e-commerce; which makes this the right time to enter the field.
IT and BFSI leaders like IBM, Infosys, Fidelity Investments, SAP Labs India & JP Morgan Chase are increasingly looking for people with the right AI skills.
Some of the areas in which professionals can expect to transition after acquiring relevant skills are Artificial Intelligence, Data Engineering and Analysis, Augmented Intelligence and Automation, and Machine Learning.
The AI job roles offered by these kinds of companies are Data Scientist, AI Researcher, Data Analyst, Data Engineer, and ML Engineer.
To leverage these career opportunities, professionals need to build practical, industry-relevant skills that are comprehensive enough to solve a wide variety of business problems.
AI aspirants who strive to become well-rounded professionals with demonstrable skills are in a better position to take on the career opportunities that have arisen due to the increased AI adoption by companies.
Steps to pursue a career in AI
- Understand the AI career landscape
- Research, list popular job roles in AI and evaluate which suits you best
- Understand the requisite skills to pursue your chosen job role
- Set yourself on a comprehensive learning path that helps you learn through practice
- Start the job search to land your dream job
What is the salary range for AI professionals?
The median salary of AI professionals in India is INR 14.3 lakhs across all experience levels. Around 4% of AI professionals in India command a salary higher than Rs 50 lakhs, reflecting the massive demand for mid and senior-level AI talent in the country.
A professional can even expect a salary increase of 60-80% after they’ve developed some important AI skills.
With all the signs pointing towards a future where AI is ubiquitous, the time is right to pick up the right skills to build your dream career.
-Article by Harish Subramanian, Growth and New Product Development, Great Learning