News: AI jobs open floodgates, over 45k openings in-demand

Employment Landscape

AI jobs open floodgates, over 45k openings in-demand

The Critical and Emerging Technology landscape is set to provide employment opportunities across sectors such as healthcare, BFSI, education, manufacturing and retail.
AI jobs open floodgates, over 45k openings in-demand

The AI revolution is transforming the job market, creating an urgent need for skilled professionals, who can design, develop, and implement cutting-edge AI technologies.

According to the findings of the TeamLease Digital report, ‘Initiative for Critical and Emerging Technologies (iCET) - Forces Shaping Future of Technology’ with a specific focus on Artificial Intelligence, a wide variety of job roles are available in healthcare, education, BFSI, and retail among other.

Available job roles

The findings of the report reveal that candidates can find a job as a clinical data analyst, medical imaging specialist, and health informatics analyst among others in the healthcare sector.

In education, candidates with professional skills can hope to have jobs as edtech product manager, AI learning architect, AI curriculum developer and chatbot developer. 

In BFSI, available jobs are fraud analyst, credit risk analyst, compliance specialist, while in manufacturing, candidates can be employed as an industrial data scientist, QC analysts, process automation specialists, and robotics engineers, among others.

Retail data analyst, IT process modeler, digital imaging leader, and other jobs are available in the retail sector.

Additionally, the report extends the importance of upskilling a pool of opportunities to freshers and experienced professionals by providing a list of job roles that are currently available.

Salary offered to AI specialists

Apart from job roles, the report also estimates salary packages for freshers and experienced professionals across occupations and industries, as well as the desire for AI skills that job seekers should have to secure future employment.

According to TeamLease Digital’s research, freshers to experienced candidates can hope to earn between Rs 10-45 lakh per annum. A data engineer and data scientist can get up to Rs 14 lakh and ML engineers can earn up to Rs 10 lakh.

Devops engineers, data architects and BI analysts are expected to earn up to Rs 12 lakh annually.

The report also highlights that candidates with eight years of experience in similar fields can earn even higher salaries ranging from Rs 25 to 45 lakh per annum.  

The report has also evaluated that, as of February 2023, there are 45,000 AI job openings in India alone, with data scientists and ML engineers among the most sought-after careers. It is also highlighted that increased focus on scalable ML applications is leading to an increase in demand for AI professionals proficient in scripting languages, and building conventional ML models will be the foremost skill required for a career in AI. 

According to a survey, 37% of organisations prefer to provide their employees with relevant tools to build an AI-ready workforce, and 30% of organisations stated AI learning initiatives are mandatory to unlock hidden talents in the workforce. Evidently, 56% of organisations expressed that necessary initiatives are being undertaken to fill the AI demand-supply talent gap. The survey also revealed that a majority of employees share their employers' sentiments. Fifty-five per cent of employees expressed that AI unlocks new job opportunities, and another 54% stressed the fact that organisations take upskilling and reskilling initiatives to have a future-ready workforce. More than 40% of employees feel that building in-house capabilities and integrating AI into day-to-day operations enhance AI capabilities.  

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Topics: Employment Landscape, #Jobs, #FutureofJobs, #Career, #ArtificialIntelligence

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