The emergence of Covid-19 has acted as a catalyst in the rise of Artificial Intelligence and Deep Learning applications in India. In July 2021, India’s Artificial Intelligence market was valued at $ 7.8 billion, a 22 percent increase in valuation compared to the year 2020.[1] 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.
1. 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, organisations 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 digitise repetitive functions, allowing businesses to focus on essential tasks.
The application of AI-bassed 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[2]. 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 organisations to look for AI specialists to build customised solutions that lower costs and yield higher profits.
Key Points
- Artificial Intelligence and Deep Learning are the two most in-demand fields of Data Science in the modern world with a range of benefits. Organisations 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 allows professionals to stay updated and relevant in the industry.
2. How Demand for AI and DL Experts is Fueling 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.
3. 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 to thrive in this industry.
The job market is really huge in AI and DL for those who have the skills needed to work in this niche area. Read on to explore some of these top career areas defining the industry.
- Artificial Intelligence Research Specialist
- Lead Research Analyst
- Software Engineering
- Natural Language Processing
- User Experience (UX)
- Data Analytics
- Data Engineer
- Instructor for Deep Learning
- Applied Scientist
- Business Intelligence (BI) Developer
- Big Data Engineer/Architect
- Lead Manager – Artificial Intellegence and Deep Learning
- Business Analyst
Skilled professionals are sought after, and competitors with the correct blend of abilities will be remunerated with a future-sealed and lucrative career.
Artificial intelligence/Deep Learning professionals must possess an array of practical skills and theoretical knowledge, alongside a working understanding of role-specific tools and processes. Upskilling through programmes such PG Diploma in Artificial Intelligence/ PG Certificates in Artificial Intelligence or other Certificate Programs in Artificial Intelligence can help professionals land in any number of roles. The programmes provide recognition and prepare learners for success in this important fast-growing field.
4. A Case for IIT Guwahati’s AI-DL Program
Not many educational organisations are offering AI courses, however, there are a few ones that take this initiative.
Prestigious institutions like the IITs and IIMs in association with, TimesTSW, a sub-brand of Times Professional Learning, have launched such courses that assist professionals to move forward in their career journey.
IIT Guwahati offers one such admiringly ingenious PG Certificate Program in Artificial Intelligence and Deep Learning. The academic curriculum of the course allows learners to develop a thorough understanding of concepts like AI/DL. By end of the programme learners will be able to craft a lucrative career journey in AI/DL. Right from strategy and capabilities to execution and organization, the learner will master the skills in no time. What’s more? Learners get IIT Guwahati’s Executive Education Alumni status.
Note -The certificate program in AI is suitable for professionals with expertise in Information Technology as a certain level of knowledge is needed to start with concepts like Machine learning, Data analysis, and more.
To know more: https://timestsw.com/technology/courses/iit-guwahati-post-graduate-certificate-program-artificial-intelligence-deep-learning/
Artificial intelligence is one of the fastest growing fields of computer science today and the demand for excellent AI Engineers is increasing day in and day out.
This course will help you stay competitive in the AI job market by teaching you how to create a Deep Learning End-to-End product on your own.Most courses focus on the basics of Deep Learning and teach you about the very basics of different models.
In this course, however, you will learn how to write a whole End-to-End pipeline, from data pre-processing across choosing the right hyper-parameters, to showing your users results in a browser.The case that we will tackle in this course is an engine for Image to Image Search.Why should you take this course?This course is not focused on teaching you Neural Networks (ANNs, CNNs, RNNs…), but teaching you how to apply them in real world cases.If you haven’t worked on a product that uses Deep Learning before, this is the perfect course for you!
Throughout the course we will work together on the Image to Image Search engine, starting from ground zero - image pre-processing, creating a model, training it, then testing.
After that we will create a simple web application and use it to serve our model in production.Another cool thing about this course is that we will use multiple programming languages to create the whole application around the model itself.
This will make you not only a better AI Engineer but also get you on the path towards becoming a Full stack AI Engineer.After taking this course you will guarantee yourself to be one step closer to landing your dream job as an AI/ML Engineer by having your own AI product/project in your portfolio.continue reading
