Mumbai: India has 45,000 open jobs in artificial intelligence (AI) with an annual salary ranging from INR 10 to 14 lakh for freshers, claimed a new TeamLease Digital report.
Tech staffing firm TeamLease Digital has released its new niche report on ‘Initiative for Critical and Emerging Technologies (iCET) – Forces Shaping Future of Technology’ with a specific focus on Artificial Intelligence.
The report illuminated the recently concluded iCET partnership between the US and India by exploring the growth as well as job opportunities in the area of AI.
This new report conducted a thorough analysis of AI’s potential in some of the selected industries and examined the key job roles and AI uses in these industries, demonstrating the increased demand for AI career aspirants and professionals specialised in AI.
The report found a wide variety of key job roles such as Clinical Data and Health Informatics Analyst, Edtech Product Manager, Learning Analyst, Fraud and Credit Risk Analyst, Industrial Data Scientist, Process Automation Specialist, Retail Data Analyst and more in the AI landscape across industries including healthcare, education, BFSI, manufacturing and retail.
Additionally, the report has extended the importance of upskilling a pool of opportunities to freshers and experienced professionals by providing a list of job roles that are currently available.
It has estimated open job roles in AI and 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.
As of February 2023, the report claimed that India has 45,000 open jobs in AI 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 TeamLease Digital’s research, the expected salaries for freshers in various technology roles in India are as follows:
- Data engineers can earn up to INR 14 lakhs per annum
- ML engineers up to INR 10 lakhs, data scientists up to INR 14 lakhs
- DevOps engineers up to INR 12 lakhs
- Data architects up to INR 12 lakhs
- BI analysts up to INR 14 lakhs, and database admins up to INR 12 lakhs
Additionally, candidates with eight years of experience in similar fields can earn even higher salaries ranging from INR 25 to 45 lakhs per annum.
“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. Fortunately, the Indian government is taking proactive steps to address this challenge by entering into a bilateral strategic partnership through iCET and setting up centers of excellence and training initiatives,” said Sunil Chemmankotil, CEO – TeamLease Digital.
“Developing AI skills can lead to higher-paying job opportunities and help individuals stay relevant and adaptable in an ever-changing job landscape. It’s never too late to start upskilling, and investing in AI skills can provide long-term benefits for individuals and their careers,” added Siva Prasad Nanduri, CBO – TeamLease Digital.