The demand for Artificial Intelligence (AI) is continuously increasing in almost all the industries around the world, and this field is also very much discussed these days. According to a recent report, by February 2023, there were 45,000 AI job vacancies in India alone. Data Scientist and ML Engineers were one of the most sought after careers in these openings.
According to a report on AI prepared by TeamLease, ‘Initiative for Critical and Emerging Technologies (iCET) – Forces Shaping Future of Technology’, there has been a surge in applications for ML and thus the need for AI professionals for scripting languages The demand started increasing very fast. Along with this, it has become most important to develop the skills of traditional ML models to develop a career in AI.
The best thing is for freshers who have special knowledge in AI or who have done certified course in AI, and the starting salary of these people is also between 10 lakh to 14 lakh rupees.
Sunil Chemmankotil, CEO, TeamLease Digital said that this era of revolution in AI is also changing the job market. This sector needs professionals who can design, develop and implement AI technology.
He said that the good news is that the Government of India is taking proactive steps to address this challenge by entering into bilateral strategic partnership through iCET and setting up Centers of Excellence and training initiatives.
The report follows the recently concluded iCET partnership between the US and India by exploring job opportunities as well as developments in the field of AI. iCET was established to promote and expand strategic technology partnerships between the two countries and collaborate in a number of technological areas such as AI, quantum technologies, advanced wireless, etc.
Shiv Prasad Nanduri, Chief Business Officer, TeamLease Digital, said that in today’s fast-evolving job market, developing AI skills is leading to career growth and increased employability. With automation and AI driving change across all sectors of the industry, having a basic understanding of AI and its applications can give individuals a competitive edge in the job market and over others.
Nanduri further added that developing AI skills can lead to better paying jobs and help individuals stay relevant and adaptable in the ever-changing job landscape. “It’s never too late to start improving skills, and developing AI skills can provide long-term benefits for individuals and their careers,” he added.
According to a survey conducted by TeamLease Digital, 37% of organizations prefer employees with knowledge of AI and 30% of organizations said that learning AI will unlock hidden talents and is needed. 56% of organizations reported that necessary initiatives are being taken to fill the AI demand-supply talent gap.
