Why Artificial Intelligence And Deep Learning Are Witnessing Phenomenal Growth In India:

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Given the momentum before 2020, it's reasonable to expect that the demand for AI jobs will continue to grow in the subsequent years, with some fluctuations due to the impact of the COVID-19 pandemic. In India 2022, India’s Artificial Intelligence market was valued at $ 7.8 billion, a 22 percent increase in valuation compared to the year 2021. Artificial Intelligence and Deep Learning are bringing a technological revolution in all other occupations, be it Finance, Agriculture, or Healthcare. Hence, in the coming years, the implementation of AI/DL to facilitate smooth workflow and more accessible consumer interactions will force companies to hunt for a skilled workforce.

AI Industry Is Booming In India:

The use of Artificial Intelligence tools across various Industries is expeditiously rising. To survive in the highly competitive business environment, organizations are looking for systems that enhance their customer service, increase sales, and improve their efficiency in operations. These three crucial objectives can be achieved using AI and Deep Learning tools. Artificial Intelligence tools help digitize repetitive functions, allowing businesses to focus on essential tasks. The application of AI-based solutions is no longer restricted to any particular industry. However, the acceptance rate differs across the sectors, for instance, the IT sector stands at the top with over a 63% adoption rate for Artificial Intelligence and Deep Learning tools. Next in the line comes the Finance industry, with an adoption rate of 44% in routine operations. Another industry that is speedily shifting towards AI-based solutions with the advent of the pandemic is the Education industry. The current rate at which the AI industry grows creates a need for a proficient workforce to handle various projects catering to different industrial requirements. A report by Accenture concluded that AI has the potential to add US $957 billion, or 15 percent of India’s current gross value in 2035.” Therefore, the Indian government and private sector players are enthusiastically investing in Artificial Intelligence because of its diverse use cases. The vast scope of AI pushes organizations to look for AI specialists to build customized solutions that lower costs and yield higher profits.

Key Points

  • Artificial Intelligence and Deep Learning are the two most in-demand fields of Technology & Analytics in the modern world with a range of benefits. Organizations looking to build a strong consumer presence are opting for AI/DL-based solutions to increase customer retention.
  • Upskilling in Artificial Intelligence and Deep Learning is an absolute necessity to keep up with the frequent innovations. Certificate Programs in Artificial Intelligence allow professionals to stay updated and relevant in the industry.

How Demand For AI And DL Experts Is Fuel High Salary Trends:

Demand for artificial intelligence (AI) and deep learning specialists in the country is expected to rise due to the increasing adoption of automation. Accordingly, the average salary of AI and DL professionals in India across industries is quite attractive. Currently, the median salary of Artificial Intelligence professionals is Rs.14.3 Lakhs in India which is comparatively higher than any other profession. The primary factor influencing the pay range of professionals working in AI and DL occupations is the years of experience. 23.5% of the Artificial Intelligence and Deep Learning personnel with zero to two years of experience belong to the pay range of 3-6 lakhs.  Professionals with higher expertise of over five years and a solid profile belong to the bracket of 25-50 Lakhs.


 

Accelerated Career Path For Upskilled Professionals:

As the possible applications of Artificial Intelligence and Deep Learning continue to increase, so does the positive career potential for those with the skills needed in this industry. The AI and DL job market is really huge for those who have the AI and DL skills needed to work in this area. 

  • Artificial Intelligence Research Specialist
  • Lead Research Analyst
  • Natural Language Processing
  • Data Analytics
  • Data Engineer
  • Instructor for Deep Learning
  • Data scientist
  • Business Intelligence (BI) Developer
  • Lead Manager – Artificial Intelligence and Deep Learning
  • Business Analyst

Compiled By: NEERAJ KHATRI

Source: Times Pro

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