TeamLease Digital, a leading technology personnel firm, has released its niche report on ‘Critical and Emerging Technologies Initiative (iCET) – Forces Shaping the Future of Technology with a specific interest in Artificial Intelligence.
This report opens the iCET partnership initiative recently discussed between the United States and India to explore growth and employment opportunities in the AI industry. iCET was established to promote and expand strategic technology partnerships between the two countries and promises cooperation in multiple technology areas, such as AI, quantum technologies, and advanced wireless technology, among other technologies.
Being an IT powerhouse and the world’s second-largest online marketplace, the iCET initiative and a significant government boost in recent years, especially the recent budget announcements regarding training in new-era technologies, create a significant potential to benefit from the AI revolution.
This report provides an in-depth analysis of the potential of AI in some of the selected industries, examines the essential labor roles and uses of AI, and shows the growing demand for aspiring AI professionals in AI specialties.
The report finds a wide range of crucial roles in the AI landscape across significant industries, including healthcare (clinical data analyst, medical imaging specialist, health informatics analyst, among others), education (Edtech Product Manager, AI Learning Architect, AI Curriculum Developer, Chatbot Developer, etc.), BFSI (Fraud Analyst, Credit Risk Analyst, Compliance Specialist), Manufacturing (Industrial Data Scientist, Quality Control Analyst, Process Automation Specialist, Robotic Engineer, among others) and Retail (Retail Data Analyst, IT Process Modeler, Digital Imaging Leader, and others). In addition, the report expands on the importance of improving the training for a set of opportunities for new and experienced professionals by providing a list of currently available jobs.
The report also estimates open jobs and wage packages for beginners and experienced professionals in all occupations and industries and the desire for AI skills that job seekers should have to ensure future employment. The report has also assessed that, as of February 2023, there are 45,000 AI vacancies in India alone, with data scientists and ML engineers among the most sought-after careers. It also highlights that a greater focus on scalable ML applications increases demand for AI professionals proficient in scripting languages. Building conventional ML models will be the primary skill required for an AI career.
According to a survey by TeamLease Digital, 37% of organizations prefer to provide their employees with relevant tools to build an AI-ready workforce, and 30% stated that AI learning initiatives are mandatory to unlock hidden talents in the workforce. 56% of the organizations said they are taking the necessary initiatives to fill the gap between supply and demand for AI.
The survey also revealed that most employees share the feelings of their employers. 55% of employees said AI opens up new employment opportunities, and 54% stressed that organizations should take improvement and retraining initiatives to prepare the workforce for the future. More than 40% of employees believe that building internal capabilities and integrating AI into daily operations improves AI capabilities.
Finally, the report also considers the measures the Government of India (IG) announced as part of the Union budget to improve young people’s AI skills. One of the main initiatives is the creation of centers of excellence in AI.
Conclusion
The development of AI and investment in this technology industry has grown in recent years in India, which makes this country a strength in this intelligence in the eyes of the world. If you’re from the UK and want to learn more about AI, we recommend traveling to India. At iVisa, you can find everything you need to get your Indian visa for UK citizens.