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A survey from O’Reilly reveals that the skills gap is a major roadblock to AI adoption.
76% of Indian organizations mention that the shortage of skilled professionals is slowing down the adoption of artificial intelligence.
A report by Chinese technology company Tecent mentions that there are about 300,000 AI and ML practitioners and researchers across the world but millions of job roles available for people with these skills. Another report by popular job search portal Indeed indicated the demand for professionals with AI and Machine Learning in Mining skills has doubled over the last 3 years, with about 119% increase in AI related job postings as a share of all other job postings. The report further mentions that the top 3 most in-demand jobs in the AI market are – Data Scientist, Machine Learning Engineer, and Software Engineer.
It’s no secret that AI, ML, and Data Science are emerging tech trends, with talent in high-demand as organizations look for a competitive edge. The job openings for AI, ML, and Data Science skills are rising faster than job seekers, creating a huge skills gap.
Rewarding and Lucrative Payrolls
Without a blink, AI, ML, and Data Science skills are the new corporate currency.
Salaries for AI and ML skills are spiralling superfast that people joke the tech industry should impose a salary cap on these experts similar to National Football League-style. People who specialize in AI, ML and Data Science skills can earn an astronomical sum.
The average salary for an AI professional in India with 2 to 4 years of experience is 16 -20 lacs per annum while for 4 to 8 years of experience is 20-50 lacs per annum and for 8 to 15 years of experience, it is 5 -10 million. Big bucks coupled with amazing perks, benefits, and a positive working environment is what everyone yearns for.