Demand for Artificial Intelligence and Robotics Professionals To Rise by 50%-60%
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 the start of the 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, has 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.
AI professionals with 10+ years of experience get $300,000 to $500,000 along with stock options, while in India AI professionals with same experience get 60 lakhs to 1.5 crore, according to Belong report.
To cope with a shortage of AI professionals in India, Indian colleges and educational institutions must include different facets of AI family to their curriculum.