I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

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I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

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By satyamkapoor |Email | Jan 3, 2018 | 19902 Views

A lot of people are skeptical & apprehensive about artificial intelligence taking over the world, and also their jobs. And this is not true for just one sector. For instance, a lot of the tasks that were being done by humans have been automated today and AI seems to be the way forward for most industries. However, it is not all bad news for employees. In fact, Artificial intelligence is going to give rise to many new jobs in the coming years. 
Human resource & search experts predict that AI is going to help generate 50-60 percent more demand for AI & robotics professionals  in 2018. This means that robots & AI assisted machines are going to take over repetitive jobs like assembling smartphone components but the people who make these machines work will not lose their jobs. "Machines are taking over repetitive tasks. Robotics, AI, big data and analytics will be competencies that will be in great demand," said Shakun Khanna, senior director at Oracle for the Asia-Pacific region.

According to estimates by Belong, a recruitment startup which helps clients search for and hire AI professionals, jobs in the IoT ecosystem have grown fourfold in the last three years alone. The jobs are related to engagement technologies and data capture among other areas.

The demand for professionals in the field of data analytics, including data scientists, has grown by almost 76 percent over the past few years.

A report by Economic Times (ET) says that the demand for AI processionals is at entry level as well as in the middle and senior ranks across sectors such as business, financial services and insurance (BSFI), e-commerce, start-ups, BPOs, IT, pharmaceuticals, healthcare and retail.

"Robotics is required by process-oriented companies for a better customer experience. It helps in cutting down cost and improves efficiency," the report quotes Thammaiah BN, Managing Director, Kelly Services India, as saying

"AI is helping companies to be in spaces so far not thought of. Organisations can accomplish new things, new products and services through AI," he added.

However, experts also stress that there is an acute shortage of AI talent in the country across the industry.

According to the Belong Talent Supply Index, there is a mismatch between the demand and supply of candidates AI roles related to natural language processing (NLP), deep learning, and machine learning.

The Index says the ratio of the number of people to jobs in deep learning is 0.53, while for machine learning it's 0.63 and for NLP it's 0.71.

According to Rishab Kaul, a co-founder of Belong, only 4 percent of AI professionals in India have worked on cutting-edge technologies such as deep learning and neural networks, the key ingredients in building advanced AI-related solutions.

He is of the opinion that Indian colleges do not typically teach the different facets of AI as part of their formal learning program. Only a few prestigious academic institutions such as the Indian Institute of Technology (IIT) in Kharagpur and Kanpur, the Indian Institute of Information Technology (IIIT) in Hyderabad and the Indian Institute of Science (IISc) in Bengaluru offer specialised courses in AI and machine learning.

But, there's not much that we can boast about as the research by Belong says, "less than 2 percent of professionals who call themselves data scientists or data engineers have a PhD in AI-related technologies."

Meanwhile, ET report also says that the current demand for AI talent is so high that top-business schools, including the Indian Institutes of Management (IIMs) are all set to include AI and machine learning in their curriculum from next year.
According to the report IIM's in Kozhikode & Bangalore & other premium B-schools like SP Jain are offering courses on robotics, AI and IoT.
Although there will be new jobs created, and people interested in AI & robotics can look forward to the coming changes, the one's who are going to lose their jobs because of automation do have some need to change their skill sets. 

Source: HOB