Between 2020 and 2030, the worldwide machine-learning market is anticipated to develop at a 38% CAGR.The predicted size of the worldwide artificial intelligence (AI) market in 2022 was US$ 119.78 billion, and by 2030, it is anticipated to grow to US$ 1,591.03 billion. By 2025, it is anticipated that artificial intelligence will add 97 million new employment.Diagnoses made by an AI-driven algorithm are as accurate as those made by famous medical professionals.
The objective is to develop artificial intelligence software that can manage difficulties in the present and assist businesses and regular people in achieving their objectives. There is potential in speech recognition, language identification, computer vision, robotics, and other domains as well as machine games.The pandemic has increased attention on the subject of artificial intelligence, and it was recently listed as the second most sought-after AI job. By pursuing a job as a machine learning engineer if you’re searching for a stable, secure future.
Although, Artificial Intelligence and machine learning are related: Although machine learning is a component of AI, it is not all of it. Nonetheless, both fields offer strong career prospects, with jobs in AI and machine learning expected to rise quickly.
Over the last four years, the number of AI employment has increased by approximately 75%, and this growth is expected to continue. A career in machine learning is a wise choice for a high-paying position that will be in demand for many years to come. Healthcare, education, marketing, retail and e-commerce, and financial services are among the industries that already use AI and machine learning in significant amounts.
Job Trends: More Career Possibilities Available
1) Data Scientist:
Starting out as a data scientist, your starting pay will be between 8 and 10 LPA, with more potential to increase your pay as you advance in your career.One need to work with extraordinarily huge and complicated datasets if you want to be a data scientist. Both machine learning and predictive analytic will be used in this process. Also, you will need to be able to develop algorithms that allow for the collection and cleaning of such a large amount of data in order to prepare it for analysis. One should possess a solid understanding of programming languages (mapReduce , Hive,Pig, Spark, Hadoop)
2) Machine Learning Engineer:
They command high pay (between 10 and 12 LPA) owing to the technological nature of their employment and are mostly in charge of ensuring that machine learning projects run well.For this post , you possess a solid understanding of several programming languages (Scala,Python,Java) and use of AI techniques and tools.Your resume will be boosted further if you have analytical abilities, have knowledge of neural networks and deep learning, and have the required cloud apps.
3) Business Intelligence Developer
As a business intelligence developer your primary goal will be to analyse complex datasets and to identify business as well as market trends in such a way as to boost your organization’s revenue.You will earn anywhere between 7 to 9 LPA when you first start out.
4) Research Scientist
You must have substantial knowledge of graphical models, reinforcement learning, natural language processing, and graphical models in order to be hired for this position. Due to the strong demand for this position, salaries might range between 9 to 11 LPA.