AI and Machine Learning jobs have jumped by almost 75 percent over the past four years and are poised to keep growing. Similar to data analysts, statisticians, and business analysts, AI is one of the fastest growing, in-demand fields and lucrative career choices. A study by Oxford University and Yale University indicates that AI will outperform humans in many ways and will automate all human jobs in the next 120 years. By 2024, AI will be better than humans at translation, will write bestselling books by 2049, and will perform surgeries by 2053.
The global conversational AI market size was valued at USD 5.78 billion in 2020 and is projected to reach USD 32.62 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030. The field of artificial intelligence has a tremendous career outlook, with the Bureau of Labor Statistics predicting a 31.4 percent, by 2030, increase in jobs for data scientists and mathematical science professionals, which are crucial to AI. In their global AI study, PwC estimates that by 2030, the global GDP will have increased by 26 percent due to AI alone. That’s more than the current GDP of China and India combined. PwC isn’t the only optimist in the room. The World Economic Forum estimates that 97 million new jobs will be created through AI by 2025. With a humongous amount of data becoming more available today, Machine Learning is starting to move to the cloud. Data Scientists will no longer explicitly custom code or manage infrastructure. A.I. and ML will help the systems to scale for them, generate new models on the go and deliver faster and accurate results.
Pursuing a machine learning job is a solid choice for a high-paying career that will be in demand for decades. AIML provides applications that have an ability to learn through the experience without being explicitly programmed.
Machine Learniing enables applications to recognize patterns in the data in the same way as human brains do. It has become an integral part of our day to day lives and few of the widely used applications are Traffic Alerts, Social Media (Facebook, Twitter), Product Recommendations (Amazon, FlipKart), Virtual Personal Assistants (Siri, Google Assist), Directions in Google maps, Self-Driving Cars, Online Video Streaming (NetFlix). As per the recent reports, AI/ ML Engineer is the best job of 2021 due to the growing skill demand that attracts high salaries. AI/ ML professionals are getting an annual hike of 20-30% when compared to other skill areas. Starting such a program is a step towards fulfilling the high skill demand for AI/ ML professionals across the globe.