Last month, an Intel report predicted that 70% of Indian organizations will deploy artificial intelligence enabled solutions by end of 2019, which in other words also predicted that India will create more jobs for artificial intelligence and robotics professionals.
Now, with start of fresh year 2018 human resource and search experts estimate a 50-60% higher demand for AI and robotics professionals in 2018 even as machines take over repetitive manual work.
“Machines are taking over repetitive tasks. Robotics, AI, big data, and analytics will be competencies that will be in great demand,” said Shakun Khanna, senior director at Oracle for the Asia-Pacific region.
According to a recruitment startup Belong, there are nearly 7,000 to 10,000 Data Scientists in India currently. Notably, Demand for professionals in the realm of data analysis, including data scientists, have grown by almost 76% in the past few years in AI.
The demand is at the entry level as well as middle to senior ranks across sectors such as business, financial services and insurance (BFSI), e-commerce, startups, business process outsourcing (BPO), information technology (IT), pharmaceuticals, healthcare, and retail.
According to experts, there’s an acute demand-supply mismatch for AI talent across industries. Candidates for AI roles related to natural language processing (NLP), deep learning, and machine learning are thin on the ground, according to the Belong Talent Supply Index. The ratio of the number of people to jobs in deep learning is 0.53, while for machine learning it’s 0.63 and for NLP it’s 0.71.
Only 4% of AI professionals in India have worked on cutting-edge technologies such as deep learning and neural networks, the key ingredients in building advanced AI-related solutions, said Kaul.
The above development was first published in ET Tech.
AI professionals with 10+ years of experience gets $300,000 to $500,000 along with stock options, while in India AI professionals with same experience gets ₹60 lakhs to ₹1.5 crore, according to Belong report.
To cope with shortage of AI professionals in India, Indian collges and educational institutions must include different facets of AI family to their curriculum.
In October 2017, International Institute of Information Technology, Hyderabad (IIIT-H) has had launched a professional course on ‘Foundations for Artificial Intelligence and Machine Learning'.
Other academic institutions such as the Indian Institutes of Technology (IITs) in Kharagpur and Kanpur and the Indian Institute of Science (IISc) in Bengaluru also have specialised disciplines or centres for artificial intelligence and machine learning.
Last year in October, a report by Gartner also said that artificial intelligence would add 2.3 million jobs by 2020.
Additionally, an another report published last month predicted that Artificial Intelligence (AI) could add USD 957 billion to the Indian economy by changing the nature of work to create better outcomes for businesses and society.
Now, with start of fresh year 2018 human resource and search experts estimate a 50-60% higher demand for AI and robotics professionals in 2018 even as machines take over repetitive manual work.
“Machines are taking over repetitive tasks. Robotics, AI, big data, and analytics will be competencies that will be in great demand,” said Shakun Khanna, senior director at Oracle for the Asia-Pacific region.
According to a recruitment startup Belong, there are nearly 7,000 to 10,000 Data Scientists in India currently. Notably, Demand for professionals in the realm of data analysis, including data scientists, have grown by almost 76% in the past few years in AI.
The demand is at the entry level as well as middle to senior ranks across sectors such as business, financial services and insurance (BFSI), e-commerce, startups, business process outsourcing (BPO), information technology (IT), pharmaceuticals, healthcare, and retail.
According to experts, there’s an acute demand-supply mismatch for AI talent across industries. Candidates for AI roles related to natural language processing (NLP), deep learning, and machine learning are thin on the ground, according to the Belong Talent Supply Index. The ratio of the number of people to jobs in deep learning is 0.53, while for machine learning it’s 0.63 and for NLP it’s 0.71.
Only 4% of AI professionals in India have worked on cutting-edge technologies such as deep learning and neural networks, the key ingredients in building advanced AI-related solutions, said Kaul.
The above development was first published in ET Tech.
AI professionals with 10+ years of experience gets $300,000 to $500,000 along with stock options, while in India AI professionals with same experience gets ₹60 lakhs to ₹1.5 crore, according to Belong report.
To cope with shortage of AI professionals in India, Indian collges and educational institutions must include different facets of AI family to their curriculum.
In October 2017, International Institute of Information Technology, Hyderabad (IIIT-H) has had launched a professional course on ‘Foundations for Artificial Intelligence and Machine Learning'.
Other academic institutions such as the Indian Institutes of Technology (IITs) in Kharagpur and Kanpur and the Indian Institute of Science (IISc) in Bengaluru also have specialised disciplines or centres for artificial intelligence and machine learning.
Last year in October, a report by Gartner also said that artificial intelligence would add 2.3 million jobs by 2020.
Additionally, an another report published last month predicted that Artificial Intelligence (AI) could add USD 957 billion to the Indian economy by changing the nature of work to create better outcomes for businesses and society.
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