What will be the demand for AI and ML experts in the next 5 years?

The world faces a new threat and mobilizes all its resources to face this invisible enemy. Since the outbreak of the novel coronavirus, economies around the world have come to a standstill, businesses have been affected, and most people have been quarantined. However, the digital world explodes, while the physical world comes to a standstill or slows down drastically. Additionally, companies are beginning to understand the implications of machine learning and artificial intelligence, which can be used in the workplace.

A trend that has been gaining ground in recent years, machine learning and artificial intelligence, have taken center stage as more brands realize the potential of these tools. According to a February study report, the demand for data engineers increased by 50% and the demand for data scientists increased by 32% in 2019. Researchers are not only using machine learning to combat this global pandemic, but it is also considered a vital tool. tool in building a post-COVID future.

The fight against this pandemic is based on facts and figures. People have become interested in machine learning for this reason. It helps in the collection, analysis and understanding of huge amounts of data. When combined with the capabilities of AI, Machine Learning can aid in the early detection of problems and the rapid resolution of those problems. Many online AI ML courses are available if you are interested in data science and machine learning or already work in this industry and want to further your career.

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In recent years, doctors and medical workers have used machine learning and artificial intelligence to track viruses, identify likely patients, and even analyze available cures. Even during the current economic downturn, data science and machine learning jobs have not been affected. All of these variables suggest that machine learning and artificial intelligence will be around for the foreseeable future.

Data science and machine learning capabilities

For many people, machine learning and artificial intelligence (ML/AI) in the workplace have made it possible to work from anywhere. Many organizations large and small have had to reassess their operations as a result of this transition. There is no doubt that the focus on Machine Learning will grow as corporations announce plans to pursue a more robust working mechanism that uses less office space and has more detailed and structured online working methods.

Demand for specialists in artificial intelligence and machine learning in the next five years

The research said that “the rapid rate of technological change requires new types of training that prepare staff for an AI-based future.” “True upskilling requires a citizen-led strategy that emphasizes applying new knowledge to cultivate an AI-ready mindset. Employers should view upskilling and updating as an investment in the future success of their organization, not a cost.”

Over the next five years, about 50% of employees will need to “retrain.” For any position that requires managing teams and providing information to stakeholders across the organization, developing “soft skills” like communication and empathy can give you an edge in a competitive job market.

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The current possibilities

During lockdown, the data science community has become more vital than ever, and attention and relevance are increasing for the field as a whole. The use of AI-powered mechanics and operations has already reduced the risks associated with managing multiple venues. This trend towards reliance on AI will only grow in the coming years. For this reason, earning a degree in this discipline can help you succeed in this industry. There are many courses available if you are interested in data science and machine learning or already work in this industry and want to further your career. Staying at home has given us more free time, so why not get a second degree to enhance your credentials while learning cutting-edge concepts and networking with industry experts?

AI/ML can help with adaptation:

Businesses are desperately seeking talent and technology skills that can help them adapt to the new transformation to remain relevant in the post-COVID future. And that is why artificial intelligence and machine learning have emerged as essential talents that are generating expectations in the sector. The technologies have numerous applications in industry, but also help drive significant advances for the post-pandemic world.

Artificial intelligence and machine learning professionals are in greater demand as companies automate their core manual functions and operations. According to LinkedIn’s annual employment report, AI specialists have seen a 74% increase in hiring in recent years.

The data shows that the demand for artificial intelligence and machine learning skills should remain stable without compensation reductions, despite the economic crisis. Additionally, the survey indicated that skills like TensorFlow, Python, and natural language processing are in high demand, making it vital for professionals to acquire AI/ML positions.

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While there has always been a high demand for data scientists and data engineers, in the post-COVID era we recognize the value of being flexible. Even if the world is changing rapidly and may change in the future, we will be prepared. Post-COVID, machine learning and data science will become increasingly popular fields of study. Many companies want greater adaptability and flexibility in the wake of the epidemic, so they will make the necessary changes to remain competitive.

Start your learning in Machine Learning and Artificial Intelligence:

The bright future of the planet seems to be in the hands of Artificial Intelligence (AI) technology. From industry giants like Amazon and Google to small startups in India, businesses are driving digital growth by embedding AI. Along with companies, their executives have embraced the concept of AI-powered growth that is based on algorithms and therefore enables a better customer experience.

The lure of technology is so at its peak that AI professional profiles are becoming famous in the market. The emerging trends of AI and its machine learning subset have made it the most notable career path in the tech industry. If you’re wondering where to start on this learning journey, many leading online education service providers have selected programs to suit you.

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Categories: Technology
Source: vtt.edu.vn

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