Over the past six years, the technological intervention of artificial intelligence and machine learning has recently increased. We have witnessed a staggering use of technologies like AI, ML, and Blockchain in our lives. From automated cars to our mobile phones, everything is driven by these technologies. It won’t be an overstatement to say that these technologies have become the mainstay of life.
Owing to the growing use of these technologies, we have also seen the machine learning job market expand. There are several job prospects for machine learning experts and AI experts. Through this blog, we take you through positive changes in AI and machine learning job trends and how you can progress in this field.
Understanding more about what is AI and machine learning
As emphasized above, there has been a positive shift in the machine learning and artificial intelligence job scenario. The machine learning job market is expected to be worth $31 billion by 2024 and will witness an annual growth rate of 40 percent over the last six years.
The growth and projections of Artificial intelligence and development in this domain highlight that there will be some magnificent developments in this field. So it will also open up avenues of growth and opportunity for those looking to make a career in artificial intelligence.
AI has had a tremendous impact on the job market. With the intervention of AI, work has become easier and error-free. This has eventually led to the rise in AI applications. Thus catalyzing the job opportunities in AI.
What is Artificial Intelligence & Machine Learning?
In simple terms, AI is the simulation of human intelligence in machines that are programmed to work like the human brain. These programs mimic human behavior. One of the common examples of this is when you start using e-commerce platforms to purchase a product.
You will be recommended certain products based on your search and previous purchases. This is one of the basic applications of AI, and there is much more than that falls under its umbrella. The objective is to execute tasks like humans while reducing human error and enhancing productivity.
Some of the common examples of artificial intelligence include:
- Voice assistant
- Self-driving vehicles
- Robotic vacuums
- Facial recognition software
- Chatbots and others
- Netflix and other streaming portals provide personalized entertainment recommendations
AI landscape
The significance of AI has been evident. The global AI market was at $ 59.67 billion in 2021 and had an annual growth rate of 39.4 percent. This market is expected to reach $ 422.37 billion by 2028. The AI market in India will have a CAGR of 20.2 percent to reach $ 7.8 billion by 2025. The growing trend is also positive for AI-based jobs. Studies show that by 2030, there will be a 31.4% increase in the jobs related to data science and mathematical applications, which will be AI-based.
Artificial intelligence career opportunities
The role of AI is not merely limited to the IT domain. Rather its applications are universal. Some of the areas where you can find rising applications of AI are:
- Agriculture
- Financial services
- Gaming
- Government and military
- Healthcare
- IoT-enabled systems
- Marketing
- Media
- National security
- Retail
- Technology
Job role for an AI expert</h4
As diverse as the role of AI, the job roles are also varied. You can find many job opportunities. Some of the prominent ones are mentioned below:
- Big Data Engineer
- Business Intelligence developer
- Data Scientist
- A data analyst
- Machine Learning engineer
- AI Engineer
- Robotics Scientist
The prosperous future of AI makes it one of the most lucrative career opportunities. The positive artificial intelligence and machine learning job trends signify the greater penetration of this technology.
Machine learning is a part of Artificial Intelligence, but companies are looking for machine learning experts regarding job trends. If you are also willing to excel in machine learning and reap the benefits of the positive outlook of the machine learning job market, you should consider enrolling in a specialized course in this field.
Machine Learning Job Trends
Machine Learning is the second most sought-after job opportunity after AI. The exponential growth in artificial intelligence and machine learning job trends has motivated many individuals to pursue a career in this field. Companies are willing to embrace machine learning experts who can leverage their skills in creating flawless machine learning programs.
There has been a 75% rise in the artificial intelligence and machine learning job trends in the last few years. And this is expected to grow even more. The growth in artificial intelligence and machine learning job trends is not limited to job options but even the pay package.
The massive traction in the artificial intelligence and machine learning job trends is because of the greater role of these technologies. The changing mode of business operations and positive outcomes of applying these technologies has made it one of the most lucrative career choices. The job market in machine learning is expected to be worth $31 billion by 2024.
An expert data scientist and machine learning expert can easily fetch a lucrative salary. This growing artificial intelligence and machine learning job trend is not limited to India but can be seen on the global front.
Lucrative salary packages for AI and machine learning experts
As mentioned above, AI and machine learning experts are drawing a great package. The wider application of this field makes it one of the best-paying job options.
As per Glassdoor, the national average salary of an AI engineer is ₹24,06,468 in India, whereas an entry-level professional can start earning at ₹8,00,000 in India. The highest package in this field can be up to ₹50,00,000 in India.
A similar trend is seen in the machine learning domain. The salary of a machine learning expert in India can be between ₹ 3.5 Lakhs to ₹ 21.5 Lakhs. The average annual wage of ₹ 7.5 Lakhs.
Nations showing exponential artificial intelligence and machine learning job trend
The demand for expert machine learning and artificial intelligence professionals has risen. There has been a global rise in job options. Some of the nations offering the best-paying jobs to machine learning and artificial intelligence professionals are:
- United States (US)
- Europe
- India
- Germany
- Canada
- United Kingdom (UK)
- China
Become a Machine Learning Engineer With Pickl
If you also want a positive trajectory of growth in the AI domain, you need to make the right choices. Pickl offers you a comprehensive learning program in data science and machine learning.
With the machine learning certification, you will learn all the tools and techniques and practical applications. This is going to boost your career prospects eventually.
In addition to machine learning, Pickl offers a data science certification course. Enrolling in this program is an easy step to getting into data science while learning about machine learning and Python.
Wrapping it up !!!
Every individual wishes to have positive career growth. One of the best ways to make this move is by having a strong foundation. Pickl offers you an extensive learning program that you can access online. With its team of experts and expansive modules, you will gain complete insight into data science and allied fields like machine learning and Python. If you wish to stay ahead of the competition, it’s time to take the best step forward with the data science certification with Pickl.
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Written by:
Ayush Pareek
