Artificial Intelligence is a rapidly growing field that has gained significant attention in recent years with the arrival of ChatGPT and other AI tools. The concerns about AI replacing many jobs are misplaced and what more, it's creating new ones
With AI becoming more integrated into various industries, there is a growing demand for individuals with the skills to develop, implement and maintain these systems. AI is expected to create new jobs in fields such as data analysis, machine learning, and robotics
With increasing focus on scalable ML applications, the demand for software engineers and data professionals will eventually go down. This will lead to an increase in demand for AI professionals proficient in scripting languages, the TeamLease Digital report said
The demand for AI specialists is particularly high in industries such as healthcare, finance, and retail. Jobs such as AI researchers, machine learning engineers, and data scientists are among some of the highest-paying in the tech industry
According to a TeamLease Digital report, the AI market is expected to grow at a CAGR of 20% to $7.8 billion by 2025. AI-generated revenue in India stood at $12.3 billion in 2022. AI software segment is expected to grow at a CAGR of 18% by the end of 2025
India is the 3rd largest contributor representing 16% of the global AI talent pool. Bengaluru has been ranked at 5th position globally according to a study based on talent pool, diversity of talent. New Delhi was ranked at 18th
There were 45,000 open jobs in AI as of February 2023. Data Scientists and Machine Learning Engineers are among the popular roles in AI, the TeamLease Digital report stated
Data Engineers and Machine Learning engineers can earn up to Rs 14 lakh per annum even as freshers, while Data Architect and BI analysts with up to 8 years of experience can earn up to Rs 40 lakh annually
Data Scientist and Devops engineers can earn up to Rs 14 lakh as freshers and by the time they gain 8 years of experience, their pay can go up to Rs 32 lakh per year