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