Rising Demand for AI Engineers in Bangalore
Read this article to know how there is a boon in demand for AI Engineers in Banglore. Know which companies are looking for AI engineers, the packages they are offering and how you can train for the career choice of becoming an AI engineer.
"AI is going to change lives; it is not going to take away jobs. Every day it is creating so many new roles for engineers, and we are not able to fill those roles faster," said Andy Jassy, CEO of AWS(Amazon Web Services). Artificial Intelligence, undoubtedly, is going to control the future of the world. In just one year, around three times the organizations are working on AI-related projects, as reported by Economic Times. It also states that the momentum is expected to continue and hence a large number of experienced professionals will transition to a career in AI by 2020.
According to a report by Livemint, the AI industry in India has doubled in size with creating revenues of $415 million in 2019. As per an article published in Dec 2019, Bengaluru came up with 23,000 jobs in AI, followed by Delhi (17,000) and Mumbai (9000). AI professionals get an average salary of Rs. 14.7 lakh per annum across all experience levels and skillset.
The top ten organizations that have contributed to the increased demand for AI professionals in 2019 are IBM India, Accenture, 24/7 Customer, Nvidia Corporation, Hewlett-Packard, Ernst and Young, Genpact, Amazon, eClerx Services and Capgemini.
By reading this article, you will understand about the AI Engineer job role, their demand and salary prospects in India, and why you should take an Artificial Intelligence course in Bangalore.What is an AI Engineer?
Artificial Intelligence or AI engineer is an IT professional who works on artificial intelligence problems or technologies. An AI engineer works with algorithms, neural networks, and various tools that are available to advance in the field of artificial intelligence. Artificial Intelligence and machine learning are in high demand these days globally. The different industries that artificial intelligence engineers may work in are healthcare, retail or public planning.
AI engineers generally possess a degree in computer science or equivalent educational background and a thorough knowledge of some of the most common programming languages like Python, Java and the "C suite" set of languages (C++ being the most useful). Some of them work with open-source communities that contribute to the development of open-source AI tools. AI experts usually systematize information present within a specific system and form a model based on its concepts. Then they use the tools to automate the tasks which otherwise required human interference. Demand for AI Engineers in India
Artificial Intelligence is a technology that copies the human brain, and its rising demand is no wonder. The demand for AI engineers is continuously increasing and the disparity between the supply and demand of AI engineers has made around 2500 related positions vacant. This states that the number of jobs in AI that are being created these days has outnumbered the talent pool available in the sector, as per a report by Livemint.
As stated in Livemint, the number of AI experts in the country have almost doubled from 40,000 in 2018 to 72,000 by the end of 2019. Moreover, there are 3000 companies that claim to work on AI-related projects, and this is a whopping 200% growth over 2018.
As compared to the revenue of $230 million a year ago, the Indian AI industry has seen twice the revenue of $415 million in 2019 according to a recent report by Livemint. The experienced professionals have transitioned from their current job role in AI techniques by upskilling themselves are the reason behind the growth of the AI industry in India.
From the last two years, 65% of AI professionals are the ones who have shifted their current role to AI expertise. The median work experience of an AI professional is 7.2 years in India, of which 29% are professionals with ten years of experience in the same field.
The industry is doubling the talent pool and this is enough to show that there is an immense employment potential in this sector and for those who are willing to make their career in AI. Livemint also stated that Bengaluru has again come up as the most popular destination with over 23000 jobs in 2019 as compared to 13000 jobs in 2018 for AI professionals last year. This is followed by Delhi, Mumbai, and Hyderabad. Salary prospects of an AI Engineer
The average annual salary of an Artificial Intelligence Engineer in Mumbai is the highest and may go up to Rs.17 lakh per annum. The median salary of freshers in AI is rs 6,00,000. Companies like Amazon, Google, Flipkart, Facebook, etc. can stretch the income of experienced AI professionals to 12LPA.
An artificial intelligence engineer at a senior level can earn up to Rs. 50,00,000 in India. Since the industries are digitally transformed and AI expert's demand is at its peak. According to a report by Indeed in 2018, job postings related to AI have grown up to 119% in the past three years and so is the need for AI skills.
Because of the huge gap between supply and demand of the AI engineers in India, the salary prospects are really good for them as compared to the other job roles.
IT and BFSI leaders like IBM, Fidelity Investments, SAP Labs India and JP Morgan Chase, Infosys are the ones who are increasingly hiring people with the right AI expertise.Conclusion
Our lives are so affected by artificial intelligence these days, as in speech recognition or delivering the best shopping experience online, and so are the industries affected in bridging the gap in the availability of talent pool and the professionals in demand. If you wish to be creative, innovative and a problem solver, learning AI tools can be best for you.
The best way to gain AI skills is by taking up an Artificial Intelligence course. Look for a reliable online training provider, ensure that the trainers are industry experts, and enroll in a course. Apart from theoretical knowledge, you will also be updated with the latest trends and best practices in the AI industry. This way, you can make your resume go places by adding the certifications in AI.
It is very true that AI is going to rule the world soon and to that extent, one should take advantage of the boom in making a career in this area. Some of the reputed places where one can try to acquire the AI skills are -
1. PG program in AI from IIT-Bangalore - This is an online course for 11 months and the course fee is Rs 2,85,000.
2. AI foundation course by IIIT-Hyderabad in association with TalentSprint - This is a hybrid program on weekends and online. The duration is 14 weeks and the fee is Rs 2,00,000.
3. AI program by Great Learning, Gurugram - This is available as both weekend classroom option and fully online option. Duration of Program is 1 year and the fee is Rs 3,25,000.
4. Jigsaw Academy, Bangalore - This is available as online as well as hybrid mode. Duration of the program is for 24 weeks. The fee is Rs 48,400.
5. Manipal Prolearn, Bangalore - This program is Hybrid as well as fully online. Duration of Program is 6 months and the fee is Rs 1,50,000.