Friday, 1 January 2021

Artificial Intelligence: The Fastest Growing Job Opportunities of 21st

Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.


Some features of our Smart mobiles and computer,face recognition ,speech recognition  are example of simple Artificial Intelligence.

Today, Artificial Intelligence is a very popular subject that is widely discussed in the technology and business circles. Many experts and industry analysts argue that AI or machine learning is the future – but if we look around, we are convinced that it’s not the future – it is the present.


Some of the fastest growing job opportunities across all industries include “Artificial Intelligence”, data analysts, software developers and social media specialists.


Plus jobs that require “human skills” like sales and marketing, innovation and customer service are also expected to increase in demand. Some of the jobs that are expected to go away include data entry, payroll and certain accounting functions.


The Artificial Intelligence industry is booming right now. Skilled professionals are very much in demand. Here is a short career guide to the field of Artificial Intelligence (AI).


For artificial intelligence to move forward, there are a number of steps to the construction process that need to be followed. There are as many manufacturing phases as there are jobs that don’t exist yet—or that have only recently been created. These jobs will be in high demand in coming years.


Personal data broker: information that’s worth its weight in gold

Once artificial intelligence arrives in our homes, a personal data broker analyses the data it collects and is in charge of reselling it to interested companies.


Personal data, which we’ve heard a lot about recently, has become essential to companies and their marketing departments. Personal data makes it possible to personalize advertising campaigns and target a selected community in an extremely precise way. It’s worth noting that a data broker doesn’t collect data directly from the consumer.


They buy data from big companies that collect it, such as Facebook or Google, and then resell it to interested companies. The broker takes the raw data and increases its value by processing it and getting results from cross-referenced analysis. They then supply reports that allow clients to adapt their offers by using the collected data.


Becoming a data broker requires a solid background in the world of finance or cryptocurrency. The job is, in some ways, an evolution of the role of a trader. In-depth knowledge of Big Data is obviously a big advantage.


It is extremely difficult to look into the future, even the near future, but one thing is almost certain: artificial intelligence has a bright future ahead. It is looking increasingly likely that young people who want to specialise in this field will have plenty of choice for a future career.


AI in demand but 2,500 jobs remained vacant in 2019, says report.The number of AI professionals in the country has almost doubled from 40,000 in 2018 to 72,000 by end of 2019 and more than 3,000 companies claim to work on AI projects of some or the other kind in 2019, a growth of 200% over 2018, the report stated.


As Artificial Intelligence continues to make its way through Indian industries, the demand for skilled AI professionals will increase in the near future.


As of now, the shortage of the right talent in the field only means that employers are ready to shell out very high compensation to acquire qualified professionals with AI skills. So, if you aspire to build a promising career in Data Science and AI, the time is now!


City-wise remuneration comparison reveals that Mumbai is the highest paymaster at almost ₹17 lakh per annum, followed by Delhi/NCR at ₹15.6 lakh. Chennai on the other hand, is the lowest paymaster at ₹10.8 lakh.


This year, almost 39% of AI professionals in India are employed with large-sized companies (more than 10,000 employee base), 29% with mid-sized organisations (employee base range of 200-10,000) and 32% with startups (less than 200 employees).


IBM India, Accenture, Nvidia Corporation, Hewlett-Packard, Ernst & Young, Genpact, Amazon, eClerx Services, and Capgemini emerged as the top 10 organisations that have contributed to the demand for AI professionals this year, according to the report cited above. Almost 92% of job openings in AI are full-time and rest are part-time, internships, or contractual jobs.


Educational and Knowledge Requirements for Career in Artificial Intelligence

As for the skills and knowledge, an aspiring AI professional must possess in-depth knowledge in the following domains:


If you’re enthralled by AI and wondering how to get started, then the first and foremost step is to hold a Bachelor’s degree in mathematics and computer science, Information Technology. However, most of the time, a Bachelor’s degree only lands you an entry-level position, but it will at least get you started.


Computer Science: Coding expertise with popular programming languages such as Python, Java, Julia, Lisp etc.

Physics, engineering, and robotics.

Mathematics: Algebra, calculus, logic and algorithms, probability, statistics.

Bayesian networking (including neural nets)

Cognitive science theory.


Senior-level job roles (managerial/administrative or R&D roles) require a candidate to have a master’s degree or a Ph.D. in the fields mentioned above or any other related field (Engineering).


So, once you get into the industry and understand how things work, you can plan your future career. Talking about positions entailing supervision, leadership or administrative roles, you need to have a Master’s degree or a Doctoral degree.


Artificial Intelligence Salary Packages in India

Artificial intelligence salary in India is one of the highest packages offered in the country. How much you are worth will depend on your skills, experience, and the city where you are based.


Artificial Intelligence salary for freshers in India starts at around Rs. 6 LPA and can stretch up to Rs. 12 LPA, with higher-end salaries usually offered by reputed companies like Amazon, Flipkart, Google, Facebook, etc.


As for Machine Learning roles, the starting salary for freshers is generally Rs. 8 LPA, and it can go up to Rs. 10-15 LPA, depending upon the job role, skill set, and educational background. Candidates who have strong foundational knowledge in Data Science and a few years of work experience can earn as high as Rs. 17 LPA.


The annual salary packages of artificial intelligence job roles also vary according to location. While Mumbai leads the game by offering the highest Artificial Intelligence salary in India (Rs 15.6 LPA), Bengaluru follows suit with Rs 14.5 LPA. Chennai offers the lowest salary package for artificial intelligence talents in India standing at around Rs. 10.4 LPA.


Here are a few top-ranking AI job profiles with their respective average annual salaries:

Principal Data Scientist – Rs. 17, 11,180

Computer Scientist – Rs. 16, 24,615

ML Engineer – Rs. 9, 50,000

Data Engineer – Rs. 8, 35,755

Data Scientist – Rs. 6, 99,928

Research Engineer – Rs. 6, 52,230

Algorithm Engineer – Rs. 5, 40,220

Data Analyst – Rs. 4, 97,550

Computer Vision Engineer – Rs. 4,50,000

Some of the biggest recruiters of AI professionals in India are Fractal Analytics, Deloitte, IBM, Accenture, Amazon, LinkedIn, Citrix, Verizon, SAP Labs, Nvidia, Tech Mahindra, Flipkart, and Myntra.


The real influencer of your salary is the skills you have, the mastery you have attained over them, and how quickly you grow and make the company grow as well. Artificial intelligence salary is depended on so many factors.

The End



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