Career Options In AI & Machine Learning Engineering For 2024

Safalta expert Published by: Laboni Sarkar Updated Sat, 18 Nov 2023 04:17 PM IST

Highlights

Explore the Successful landscape of AI and Machine Learning careers in India for 2024. Uncover in-demand skills, navigate challenges, and discover promising opportunities in sectors like healthcare and finance. Join the journey towards a tech-forward future responsibly.
 

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Artificial Intelligence( AI) and Machine Learning( ML) have emerged as transformative technologies, reshaping industries and influencing various aspects of our daily lives. As we approach 2024, the demand for skilled professionals in AI and ML engineering is expected to skyrocket, opening up a Excess of career opportunities. This article delves into the current landscape, explores the latest statistics, and outlines the promising career options that await individuals in the field of AI and ML engineering
                             
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Data Point 
Value 
Total AI Market Size (2023 Estimate)  Rs. 4577 crores 
AI Market Growth Rate (CAGR)  52% 
Investment in AI Startups (2023)  Rs. 6658 crores 
Number of AI Professionals in India 75,000 
Distribution of AI Jobs by Sector (2023)  IT/Technology: 35% 
Healthcare: 20%
 Finance: 15%
Manufacturing: 10%
Others: 20%
Average Salary for AI/ML Engineers  ₹8,00,000 to ₹15,00,000 per annum 
Top Educational Backgrounds for AI Jobs  Computer Science/Engineering 
Mathematics/Statistics 
Data Science 
Electrical/Electronic Engineering
Physics  



The Indian AI & ML Landscape in 2023

Before venturing into the future, let's take stock of the current AI and ML landscape in India as of 2023.

Source: safalta

The nation has witnessed a surge in interest and investment in these technologies, fueled by a combination of government initiatives, industry collaborations, and a Increasing startup ecosystem. The AI request in India is expected to reach 75,000 crores by 2024, showcasing the rapid pace of adoption and  Achievement across various sectors.
 


Current Job Trends and Salaries in India

In 2023, the demand for AI and ML professionals in India has reached unprecedented levels. Job roles such as Data Scientist, Machine Learning Engineer, AI Research Scientist, and NLP Engineer are highly Desired after in the job market. The IT/Technology sector continues to be the primary driver of AI job opportunities, followed by healthcare, finance, and e-commerce.
The average salaries for AI and ML professionals in India are also on the rise. Data from salary surveys Signify that a Machine Learning Engineer can Bidding an average annual salary ranging from ₹8,00,000 to ₹15,00,000, depending on factors like experience, location, and the hiring Association. Data Scientists, being integral to the decision-making processes, earn an average of ₹10,00,000 to ₹18,00,000 per annum.
                             
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Skills in Demand in the Indian Context

As technology evolves, the skills required for AI and ML roles in India are also evolving. In addition to the globally relevant skills mentioned earlier, certain nuances are particularly emphasized in the Indian job market:

Domain-specific Knowledge: Industries such as agriculture, healthcare, and education have unique challenges that demand professionals with a deep understanding of the Indian context.

Local Language Processing: Given the linguistic diversity in India, expertise in local language processing and understanding is becoming increasingly important for AI applications to be widely accessible and effective.

Government Initiatives: Familiarity with government-led initiatives like the National AI Mission and other digital transformation programs can give professionals an edge in understanding the larger ecosystem they operate in.

Promising Career Options for 2024 in India


AI/Machine Learning Engineer:

The role of AI/Machine Learning Engineers in India is expanding rapidly. With a focus on implementing practical solutions for the Indian market, professionals in this role contribute to innovations in healthcare, agriculture, and smart city development.

Data Scientist:

Data Scientists continue to be in high demand, especially in sectors like finance and e-commerce. Their ability to derive actionable insights from vast datasets is crucial for Association looking to make informed decisions in a competitive market.

AI Research Scientist:

The research ecosystem in India is flourishing, and AI Research Scientists play a pivotal role. Whether working in academia or industry research labs, these professionals contribute to pushing the boundaries of AI capabilities with a focus on solving challenges unique to the Indian landscape.

AI/Machine Learning Architect:

As organizations in India scale up their AI initiatives, the need for skilled architects who can design and implement scalable AI systems becomes paramount. These professionals are instrumental in shaping the AI infrastructure of the future.

Natural Language Processing (NLP) Engineer:

Given India's linguistic diversity, NLP Engineers are increasingly essential. They work on developing solutions that can understand and process local languages, making technology more inclusive and accessible to a broader population.

Computer Vision Engineer:

Computer Vision is finding applications in sectors like agriculture, healthcare, and smart cities in India. Computer Vision Engineers contribute to the development of solutions that address specific challenges and opportunities within the Indian context.
 
Challenges and Opportunities in the Indian AI Landscape

While the prospects for AI and ML careers in India are promising, challenges persist. Ethical considerations, bias in algorithms, and the need for responsible AI development are crucial aspects that professionals in the field must address. Moreover, bridging the skill gap and ensuring inclusivity in the benefits of AI technologies across diverse socio-economic strata remain significant challenges and opportunities.

As India marches towards 2024, the career landscape in AI and Machine Learning engineering presents an array of opportunities for skilled professionals. The growing demand, coupled with the unique challenges and openings in the Indian environment, makes this an instigative time for individualities looking to make a mark in the field. By acquiring the right skills, staying updated on the rearmost developments, and contributing to the ethical and inclusive growth of AI technologies, aspiring professionals can sculpt out a rewarding and impactful career in the ever- evolving domain of AI and Machine literacy in India.

 

What makes AI and Machine Learning careers so promising in India for 2024?

The rapid growth of the AI market, fueled by government initiatives, industry collaborations, and a thriving startup ecosystem, makes careers in AI and Machine Learning exceptionally promising in India.

Are there specific skills in demand for AI professionals in the Indian job market?

Yes, besides global skills, domain-specific knowledge, proficiency in local language processing, and familiarity with government initiatives are increasingly sought after in the Indian context.

How do salaries for AI and ML professionals in India compare to global averages?

Salaries for AI professionals in India are on the rise, with Machine Learning Engineers earning an average of ₹8,00,000 to ₹15,00,000 per annum and Data Scientists earning ₹10,00,000 to ₹18,00,000.
 

Can you provide insights into the distribution of AI jobs across different sectors in India?

Certainly, the IT/Technology sector leads, comprising 35% of AI jobs, followed by healthcare (20%), finance (15%), manufacturing (10%), and others (20%).
 

How does the linguistic diversity in India impact the demand for Natural Language Processing (NLP) Engineers?

Given India's linguistic diversity, NLP Engineers are increasingly essential, working on solutions to understand and process local languages, enhancing inclusivity and accessibility.

What challenges and opportunities are unique to the Indian AI landscape?

Challenges include ethical considerations, algorithmic bias, and ensuring inclusive growth. Opportunities lie in addressing these challenges responsibly and making AI accessible across socio-economic strata.
 

Are AI/Machine Learning Architects in demand in India, and why?

Yes, with organizations scaling up AI initiatives, skilled architects are crucial for designing and implementing scalable AI systems, shaping the future AI infrastructure.
 

How do government initiatives like the National AI Mission impact the AI job market in India?

Government initiatives create a conducive environment for AI growth, and professionals familiar with these initiatives have an edge in understanding the larger ecosystem.

What role do Computer Vision Engineers play in sectors like agriculture and healthcare in India?

Computer Vision Engineers contribute to developing solutions that address specific challenges and opportunities within sectors like agriculture, healthcare, and smart cities.

How can aspiring AI professionals contribute to the ethical development of AI technologies in India?

Aspiring professionals can contribute by staying informed on ethical practices, advocating for responsible AI development, and actively participating in discussions on inclusive technology deployment.
 

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