Artificial Intelligence has advanced to the stage where it has become an integral part of any innovation and discovery. Be it in the field of medicine or engineering, AI is being extensively used and will see continuous use even in the future. The demand for experts in AI is at an all-time high across the globe and investments in the field have also surpassed expectations. Interestingly, AI is also acting as a driving factor behind the policy-making of multiple governments and is utilized in important sectors like fighting global terrorism, preventing the spread of diseases, and increasing food production.
If you are an enthusiast of innovating and disruptive technology like AI, you must be wondering about taking an artificial intelligence certification course. Well, wonder no more as this is perhaps the best time to kickstart a career in AI or switch from your existing career profile to AI. Let us understand why?
The market situation of AI
The global economic slowdown caused by the deadly pandemic had little or did not have any impact on the investments in AI or the speed at which it is being embraced, deployed, and adopted. Back in 2019, a survey conducted by the New Vantage Partners found out that almost 92% of the companies participating in the worldwide survey were already investing big in AI and this included names like Johnson & Johnson, AIG, and Bank of China!
Markets and Markets, a world-renowned market survey firm, estimates that the global AI market in 2020 stood at USD 58.3 Billion and is growing with a compound annual growth rate of 39.7%, projected to reach a whopping USD 309.6 Billion within 2025!
Factors behind such an enormous market growth:
- Rise in the need for AI to fight rapidly increasing cyber security attacks!
The post-pandemic world is seeing a rapid surge of cyber security threats. This is primarily because multiple businesses across the world had to undergo complete digital transformation overnight owing to lockdowns induced by the pandemic. As a result, existing security features and firewalls proved to be either outdated to deal with such a tremendous growth or painstakingly time-consuming. Organizations soon realized a complete cloud cover of security driven by AI is needed to identify and eliminate cyber security threats on a real-time basis. - Data-driven business strategy necessitates the adoption of AI!
Today no business organization is willing to let go of the data it generates or accumulates without leveraging it or monetizing it. Companies today even have a growth strategy completely driven by deep insights recovered through data analytics or business analytics. However, to leverage data and efficiently utilize data science, AI and ML are imperative. Without AI and its advanced cousin ML, the task of data scientists and data analysts is very tough and slow. AI and ML engines let data professionals automate much of the processes involved in data mining thus making AI and ML, crucial skills for budding data scientists or data analysts. - Businesses utilizing AI are witnessing significant revenue increase!
AI has been a great tool for business leaders with the foresight of understanding how disruptive technologies can change the way business is done. For instance, today many online retailers like Amazon use real-time recommendation engines which drive an enormous amount of traffic to their websites thus generating more ad revenue and increasing the number of potential customers. Hence, AI is being directly used to boost the market growth. Similar examples can be found in every business sector. - Organizations today want to predict trends based on historical data and thus benefit from it!
AI helps organizations to understand data collected today to predict trends tomorrow. Such predictions are often cent percent accurate and mind-blowing leading to an increasing interest from businesses worldwide to benefit from it. AI coupled with Data Science has a huge potential in devising trend prediction engines capable of predicting consumer behavior on a real-time basis.
The situation in India
In 2020 IDC, reported the AI market size in India to be around USD 3.1 Billion and projects a compound annual growth rate of 20.2%, estimating the Indian AI market to reach USD 7.8 Billion within 2025!
The national AI portal of India- INDIAai was launched back in 2020 by the government of India with the vision of building a comprehensive ecosystem for the adoption of AI. This common AI portal has been instrumental in catapulting innovative and disruptive technology in the various Indian industries. The vision of the government of making India’s economy worth 5 trillion USD within 2025 is also based on the rapid adoption and implementation of AI in core business sectors.
The IT industry of India is the world’s largest and employs about 10 million workers currently. IT is also the industry where foreign direct investment has increased successively over the years and this is where AI is playing a huge role. As more and more companies working in the IT industry of India embrace AI, the demand for skilled professionals in AI also increases hand in hand. Given the large gap between the number of engineering graduates in India and the number of employable graduates with AI skills, the demand for individuals skilled in AI is humongous. This is a reason for India is not able to fully realize the potential of AI and reap its benefits. A search query for AI jobs in any job portal in India will return thousands of vacant positions, some of which are lying vacant for a long time. As a result, individuals smart enough to get trained from an artificial intelligence certification course are scoring big!
Perks of getting trained with AI skills in India
- A huge number of lucrative job opportunities
Owing to the huge demand, there is no dearth of job opportunities in India provided you are trained in AI and ML. From top tech firms to rising start-ups all are hiring AI experts almost all the time and you won’t find it hard to secure a job as soon as you add AI or ML to your CV. The available jobs are both future-proof and highly rewarding in terms of perks and remuneration. For instance, you can fetch anything between Rs 6 LPA to 12 LPA as a fresher and with experience, you can get offers with annual salary packages worth 17 LPA on average. Professionals with more than 5 years of experience in AI earn Rs 35 to Rs 50 LPA on average in India! - Exciting Job roles
Working as an AI professional your job will never be mundane. From working on facial recognition software to self-driving cars, you will be working on some of the most fascinating job roles. You might aid medical researchers in drug discovery, governments in developing advanced military technology, and NPOs in defeating world hunger!
A career in AI is not only exciting but also highly rewarding and most importantly highly secure. However, you need to acquire all the necessary skills to crack the job interview and for that, you need to enroll in a training course capable enough in imparting all the tricks of the trade. The road toward becoming a successful AI professional may not be easy but with the right faculty and effective training course, you can achieve your AI dreams easily!
